#160 Peter Cundill
Founders28 Joulu 2020

#160 Peter Cundill

What I learned from reading Routines and Orgies: The Life of Peter Cundill, Financial Genius, Philosopher, and Philanthropist by Christopher Risso-Gill. ---- Excellence as a goal in itself had been drummed into him from early boyhood. I’m convinced that to achieve real greatness a person needs above all to have passion but at the same time immense discipline, concentration, patience and an unshakeable determination to become a master of his craft. There is a choice of courses in life: either to seek equilibrium or to enjoy the heights and suffer the depths. You need to get into some situations which make your gut tight and your balls tingle. Do the unappealing things first. Once you have done your homework properly and are absolutely convinced that an investment is right you should not hesitate or wait for others to share the adventure. The price at which you start buying will almost invariably be imperfect but that should never discourage you. Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence then, is not an act but a habit. (Aristotle) The more that I think about the way the Greeks, especially the Spartans, regarded the subject of exercise and the necessity of maintaining peak levels of physical fitness, the more I am convinced that the health of the mind and the spirit are either bolstered or hampered by the condition of the body. Concentrate with absolute clarity on one thing at a time. The mantra is patience, patience, and more patience. Think long term and remember that the big rewards accrue with compound annual rates of return. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “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. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Jaksot(436)

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

#380 Four Hundred Pages of Warren Buffett and Charlie Munger In Their Own Words

For over 30 years the Berkshire Hathaway Annual meetings were recorded. Munger and Buffett answered over 1700 questions from shareholders during that period. Alex Morris watched hundreds of hours of t...

25 Helmi 20251h 21min

#379 Jerry Jones (Dallas Cowboys)

#379 Jerry Jones (Dallas Cowboys)

Jerry Jones rolled the dice until his knuckles bled. He started working at 7 years old. Jerry could sell, sell, sell. He sold fruit at his father’s grocery store in grade school and sold shoes out of ...

18 Helmi 202559min

#378 The Last Oil Baron: Leon Hess

#378 The Last Oil Baron: Leon Hess

Your father goes bankrupt. You work for 50 cents a day to try to help your family survive the Great Depression. At 19 you see an opportunity where others see nothing. You start “a little fuel delivery...

10 Helmi 202553min

#377 Expanding A Family Dynasty: Marcus Wallenberg Jr.

#377 Expanding A Family Dynasty: Marcus Wallenberg Jr.

Marcus Wallenberg Jr's impact on Swedish industry was so substantial that during the 1970s, Wallenberg family businesses employed about 40% of Sweden's industrial workforce and represented 40% of the ...

27 Tammi 20251h 3min

#376 Jensen Huang: Founder of Nvidia

#376 Jensen Huang: Founder of Nvidia

What I learned from reading The Nvidia Way: Jensen Huang and the Making of a Tech Giant by Tae Kim. ---- Ramp gives you everything you need to control spend, watch your costs, and optimize your financ...

13 Tammi 20251h 40min

#375 The Single Biggest Individual Financier In The World. The Richest Woman In America: Hetty Green

#375 The Single Biggest Individual Financier In The World. The Richest Woman In America: Hetty Green

Hetty Green bailed out New York City. Her decisions on what interest rates to charge moved markets and were reported in major newspapers. She was a one woman bank and the single biggest individual fin...

6 Tammi 202553min

The Most Inspiring Autobiography I've Read: Chung Ju-yung Founder of Hyundai

The Most Inspiring Autobiography I've Read: Chung Ju-yung Founder of Hyundai

Chung Ju-yung grew up so poor he had to eat tree bark to survive. He founded Hyundai and became the richest person in Korea. When Chung was in his 80s, he wrote an autobiography that tells the devasta...

27 Joulu 20241h 15min

#374 Rare Jeff Bezos Interview

#374 Rare Jeff Bezos Interview

Jeff Bezos on retirement being lame, AI, the electricity metaphor for AI, the good fortune of being alive during multiple golden ages, long term life long passions, refusing to underestimate opportuni...

15 Joulu 202436min

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