1min snip

Founders cover image

#337 Napoleon's Maxims and Strategy

Founders

NOTE

The Power of Keeping a Fortress of Cash

Keeping a fortress of cash can be advantageous in seizing investment opportunities. Warren Buffett's readiness with cash allowed him to swiftly wire a couple hundred million dollars for a pipeline purchase without hesitation, despite his lawyers' objections. Charlie Munger emphasized the importance of trust in economic dealings, highlighting how Warren's trust in the deal benefitted them with a significant profit of a couple billion dollars. By maintaining a reserve of cash, like Rockefeller and Buffett, one can opportunistically acquire assets for less than their worth, leading to substantial gains.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode