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#363 Li Lu and Charlie Munger and Warren Buffett
My favorite episode is #363 because I truly resonate with the idea of sitting on your ass investing. Based on my life experience so far, I've come to realize that common sense is actually uncommon. This matter is also highlighted in this episode, because the human condition is not wisdom but ignorance, which makes uncommon sense all the more valuable. This episode reminds me of the effort and perseverance required in order to build conviction in your own thoughts. https://www.tapesearch.com/episode/363-li-lu-and-charlie-munger-and-warren-buffett/4ZMZMNeiRm6dcNSiemoSCa
The seven most common characteristics of founders (and the one most are missing)
I posted this previously, but I think it got lost, and I would love y’all‘s feedback on this list. I’ve listened to over 250 founders podcast episodes, started from the beginning, and I’ve put together a list of the most common characteristics that I was seeing over and over again, as well as the one that I’ve only really seen in Ed Thorpe. Here’s the list: The 8 - 1. Relentless resourcefulness 2. Dogged work ethic - James Dyson, Ernest Shackleton 3. Watching and cutting costs - Henry Clay Frick, Rockefeller 4. Stupidly high self confidence - all of them 😂 5. Obsessed with control - 6. FOCUS. Intense, singular focus. 7. Time to ponder, aka unstructured thinking time, aka mentally-active-physical-laziness 8. (the one most are missing) Knowing when enough is enough - Ed Thorpe Am I missing any? Or do you disagree with any of these? Would love thoughts on this
The seven most common characteristics of founders (and the one most are missing)
Building a Patent Monopoly One Habit at a Time (Nov 6 Deadline)
What's up Habit Engineers! Ryan Bowne here, Founder/CEO of Terra Grounding Floors. Quick intro: I'm building the category-defining company in bioelectrical wellness infrastructure. We own the patent fortress (US 63/894,583) that controls who can and cannot create grounding flooring technology - basically the 'toll booth' model for the entire $875B wellness real estate market. Why I'm here: Building Terra requires me to compound 1% improvements daily just like Max teaches. Current habit stack: 4:30am wake → grounding meditation → morning prayer → patent strategy → family breakfast at 7 → partner negotiations → 6pm family dinner (non-negotiable) → kids' bedtime prayers → evening strategy for next day's agenda → repeat. The Triple S Method keeps me locked in while juggling IP law, manufacturing partnerships, and a November 6 deadline that determines market control. Favorite Podcast: How I Built This Episode: Stewart Butterfield - Slack Why this hits different: Everyone knows Slack's $27B exit, but this episode reveals something deeper - Stewart failed TWICE building games (Game "Neverending" and "Glitch") before accidentally creating Slack from internal tools. Key insight that changed how I'm building Terra: Stewart says 'We didn't build Slack to be a business. We built it to solve our own problem, then realized everyone had that problem.' This mirrors Terra exactly. I started trying to solve my own cortisol issues through grounding. Built the solution and immediately started filing patents/trademarks to lock down this entire category. Three key takeaways that compound: 1. Category creation > Competition - Slack didn't compete with email, they created 'work messaging' 2. Infrastructure becomes invisible but essential - Nobody thinks about Slack anymore, they just use it 3. Patents + Network effects = Monopoly - Stewart's biggest regret? Not filing more IP early Currently applying this to Terra: We're not competing in flooring, we're creating 'bioelectrical wellness infrastructure' as a category. By November 6, one manufacturer gets exclusive rights. By 2030, grounding floors will be as expected as WiFi.
My favorite episode of Founders
This is a really really tough decision but I have to say my favorite Founders episode is Edward O. Thorpe. I've listened and relistened to the episode a few times, and read his autobiography twice. He is my personal blueprint for success as an entrepreneur, and I aspire to be like him in many many ways. Most primarily that he knew when enough was enough and didn't lose his soul in the getting of money! And his committment to fitness and the fact that he clearly understands that the compound effect of doing small and simple things over a long period of time applies in all areas of life, not just for compound interest in your bank account! https://open.spotify.com/episode/2V3gu054Q7jsJHNM2hZF5y?si=fuORmbP0QT60PsAHDWI5aA
Leadership & Self-Deception!
I just finished adding my notes from "Leadership & Self-Deception" by The Arbinger Institute into Habit Engineer AI!! Check it out - https://chatgpt.com/g/g-6801d156257c819198b2b5e35ac38e11-habit-engineer-ai Keep the change, and keep changing!
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