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cover of episode Unicorn Founder on Unseen Arbitrages, the Paradox of Wealth + Charlie Munger Wisdom  ft. Ryan Petersen

Unicorn Founder on Unseen Arbitrages, the Paradox of Wealth + Charlie Munger Wisdom ft. Ryan Petersen

2024/11/11
logo of podcast My First Million

My First Million

Chapters

Ryan Petersen shares his journey of becoming friends with Charlie Munger and the lessons he learned from him.
  • Ryan met Charlie Munger through a mutual friend.
  • He learned about the importance of worldly wisdom from Munger.
  • Munger emphasized the value of understanding big ideas across various disciplines.

Shownotes Transcript

Episode 648: Shaan Puri ( https://x.com/ShaanVP ) talks to Flexport founder Ryan Petersen ( https://x.com/typesfast) ) about playing both games: bootstrapping a startup to millions and raising venture capital to build a multi-billion dollar company. 

Show Notes: 

(0:00) Import Genius

(5:36) Paul Graham's superpower

(9:34) Data-as-a-service framework

(13:51) Charlie Munger's worldly wisdom

(19:45) Prioritizing adventure

(24:09) The paradox of wealth

(28:51) Charlie Munger's student experiment

(31:00) Negotiation masterclass

(37:23) Inside Founders Fund

(43:16) Being in a crowd v following a crowd

(46:29) Highs and lows

(48:52) "You can just do things"

(50:16) Unseen arbitrages

(53:00) $50M Phone booths

Links:

• Flexport - https://www.flexport.com/

• ImportGenius - https://www.importgenius.com/

• Schlep Blindness - https://paulgraham.com/schlep.html)

• Poor Charlie’s Almanack - https://www.stripe.press/poor-charlies-almanack

• Founders Fund - https://foundersfund.com/

Check Out Shaan's Stuff:

Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd)

Check Out Sam's Stuff:

• Hampton - https://www.joinhampton.com/)

• Ideation Bootcamp - https://www.ideationbootcamp.co/)

• Copy That - https://copythat.com)

• Hampton Wealth Survey - https://joinhampton.com/wealth)

• Sam’s List - http://samslist.co/)

My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano