#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)

#366 Mr. Beast Leaked Memo

#366 Mr. Beast Leaked Memo

What I learned from reading How To Succeed in Mr. Beast Production and how ideas from Sam Zell, Charlie Munger, Nick Sleep, Warren Buffett, Sam Zemurray, Bob Kierlin, Steve Jobs, Li Lu, Edwin Land, La...

27 Syys 202444min

#365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters to Partners

#365 Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters to Partners

The best investors are not investors at all. They're entrepreneurs who have never sold. — Nick Sleep Nick Sleep’s letters are a masterclass on the importance of understanding the underlying reality of...

16 Syys 202455min

#364 Nick & Zak's Excellent Adventure: How Nick Sleep and Qais Zaharia Built Their Investment Partnership

#364 Nick & Zak's Excellent Adventure: How Nick Sleep and Qais Zaharia Built Their Investment Partnership

How Nick Sleep and Qais Zakaria built their radically unconventional investment partnership. From the incredible book Richer, Wiser, Happier: How The World's Greatest Investors Win In Markets and Life...

10 Syys 202444min

#363 Li Lu and Charlie Munger and Warren Buffett

#363 Li Lu and Charlie Munger and Warren Buffett

I sent a friend this text: I'm working on another Li Lu episode but this one is about his remarkable investing career. Can be summarized by: 1. Studied Buffett and Munger. 2. Did that. Last episode wa...

6 Syys 20241h 24min

#362 Li Lu

#362 Li Lu

Charlie Munger said that Li Lu was the only outsider he ever trusted with his money.  Decades before Li Lu made Munger half a billion dollars, Li survived one of the most horrific childhoods imaginabl...

26 Elo 202437min

#361 Estée Lauder

#361 Estée Lauder

Warren Buffett and Charlie Munger said it was a crime that more business schools didn't study Henry Singleton. I think it's a crime that more entrepreneurs don't study Estée Lauder. She is one of the ...

18 Elo 202458min

#360 Robert Kierlin: Founder of Fastenal

#360 Robert Kierlin: Founder of Fastenal

Since its founding in 1967 Fastenal has grown from a small fastener store in Winona, Minnesota, into a multibillion-dollar global organization. How did a small town “nuts and bolts” shop become one of...

12 Elo 202456min

#359 The Russian Rockefellers: The Nobel Family Dynasty

#359 The Russian Rockefellers: The Nobel Family Dynasty

The name of Nobel usually calls to mind Alfred Nobel, inventor of dynamite, and the internationally prestigious prizes that bear his name. But Alfred was only one member of a creative and innovative f...

7 Elo 20241h 6min

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