Smart Friends

#062 Meeting Charlie Munger and Starting RE Costseg with David Senra and Mitchell Baldridge

Apr 11, 2023

02:00:19

Episode guests

Mitchell Baldridge

David Senra

Highlights

AI Chapters

Episode notes

Focus on One Priority for Success

01:26

Seeking and Synthesizing Knowledge

01:02

Simplicity and Profitability of Business Models with the Right Strategies

01:30

Charlie Munger's Advice for Building a Successful Business

02:05

Introduction

5min

Charlie Munger's Dinner

2min

The Importance of Being Present in the Moment

2min

How to Maximize Your Profits

2min

The Importance of Controlling Your Cost

2min

The Last Resting Stable Coin

2min

The Importance of Conversational Resourcefulness

2min

The Power of Conversational Resourcefulness

5min

How to Have an Out of Body Experience

2min

10.

The Importance of Connecting to Young Entrepreneurs

4min

11.

Sam Walter's Autobiography

4min

12.

How to Make Amazing Content People Love

3min

13.

The Importance of Learning From People

2min

14.

How to Build a Successful Podcast

3min

15.

How to Grow Your Podcast

3min

16.

How to Make a Name for Yourself

4min

17.

The Importance of Prevention

2min

18.

The Importance of Listening to Your Heroes

2min

19.

The Importance of Entrepreneurship

1min

20.

The Importance of Focusing on Customers

3min

21.

The Future of Venture Capital

2min

22.

The Dilemma of Software and Venture Investing

2min

23.

The Impact of Software on the World

4min

24.

The Importance of Small Productized Services

2min

25.

The Revisionist Element of History

6min

26.

The Importance of Having a High Multiple

2min

27.

How to Build a Successful Business on Twitter

2min

28.

How to Start a Business by Real Estate

3min

29.

How to Start a Self-Funded Business

4min

30.

How to Burn Down to Make Money Right Away

2min

31.

How to Hire a Real Operator to Drive Customers

2min

32.

How to Fund a Business Like This

2min

33.

The Importance of Equity in Startups

6min

34.

Better Bookkeeping: A Business That Can Scale Well

2min

35.

How to Kill Cost and Have Higher Margins

2min

36.

The Importance of Trusting Your Own Judgment

2min

37.

The Importance of Building a Foundation

2min

38.

How Much Bitcoin Are We Buying?

2min

39.

The Importance of Learning to Change Behavior

4min

40.

The Power of Focus

2min

41.

The Benefits of Learning From Others' Experiences

3min

42.

The Importance of Being Accountable

2min

43.

The Importance of Controlling Your Time

2min

44.

How to Be a Better Writer and Investor

2min

45.

The Blue Oxford Boys' Meetup With Shane Parrish

2min

46.

The Lens Report: Building Leverage in Modern Society

2min

Links:

How to Take Over the World

Hard Drive: Bill Gates and the Making of the Microsoft Empire

Joe Lonsdale - Lessons from Peter Thiel

Topics:

(5:51) - David’s dinner with Charlie Munger

(29:33) - The power of Podcasting, Chris Powers, and innovation

(36:21) - How to make a successful Podcast

(47:42) - The Scarcity of GREAT ideas

(55:30) - Self-funding businesses and the philosophy behind Venture Capital

(1:14:27) - Mitchell’s new business

(1:55:53) - Travel plans, meet-ups and live events!

To support the costs of producing this podcast:

>> Buy a copy of the Navalmanak: www.navalmanack.com/

>> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage

>> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun

>> Join the free weekly email list at ejorgenson.com/newsletter

>> Text the podcast to a friend

>> Or at least give the podcast a positive review to help us reach new listeners!

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