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#58 John Bogle: Enough: True Measures of Money, Business, and Life

#58 John Bogle: Enough: True Measures of Money, Business, and Life

FromFounders


#58 John Bogle: Enough: True Measures of Money, Business, and Life

FromFounders

ratings:
Length:
58 minutes
Released:
Feb 4, 2019
Format:
Podcast episode

Description

What I learned from reading Enough: True Measures of Money, Business, and Life by John Bogle Gentlemen, cut your costs. [4:00]the benefits of being forced to work early on in life [7:00]I'll never forget the inspiration when I read this quote: The force of his mind overcame his every impediment. [9:30]the traits he needed to found Vanguard [12:00] what John thinks we should be doing better [13:30]create things that help other people/Charlie Munger [17:30]When a business fails people want to know their revenue. I want to know their costs [19:30]the past is not a prologue in the financial markets... please, please, please don't count on it. [23:00]Einstein well understood the limits of quantification / the way we act and the way we measure are in conflict [26:00]Show me the incentive and I will show you the outcome. –Charlie Munger / If you get the incentives right when you start the company you will grow. [35:00]A rule of life: Press On, Regardless [39:00]10 reasons why I bother to battle [44:00]—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast
Released:
Feb 4, 2019
Format:
Podcast episode

Titles in the series (100)

Learn from history's greatest entrepreneurs. Every week I read a biography of an entrepreneur and find ideas you can use in your work. This quote explains why: "There are thousands of years of history in which lots and lots of very smart people worked very hard and ran all types of experiments on how to create new businesses, invent new technology, new ways to manage etc. They ran these experiments throughout their entire lives. At some point, somebody put these lessons down in a book. For very little money and a few hours of time, you can learn from someone’s accumulated experience. There is so much more to learn from the past than we often realize. You could productively spend your time reading experiences of great people who have come before and you learn every time." —Marc Andreessen