This episode contains some of the best lessons Tim has learned about investing, making money, and growing your personal wealth. It was inspired by his recent talk with Ray Dalio, which has been incredibly popular and led to many additional questions about money and investing.
There is no doubt we need to create systems and procedures that work for each of us. What works for me might not work for you. But you can learn from some of the smartest money managers in the world, and this includes billionaires and legends in the world of finance.
This episode includes tips and recommendations from:
Ray Dalio grew up a middle-class kid from Long Island. He started his investment company Bridgewater Associates out of a two-bedroom apartment at age 26, and it now has roughly $160 billion in assets under management. Over 42 years, he has built Bridgewater into what Fortune considers the fifth most important private company in the U.S.
Along the way, Dalio became one the 100 most influential people in the world (according to Time) and one of the 100 wealthiest people in the world (according to Forbes). Because of his unique investment principles that have changed industries, CIO Magazine dubbed him “the Steve Jobs of investing.”
Ray believes his success is the result of principles he’s learned, codified, and applied to his life and business. Those principles are detailed in his new book Principles: Life and Work.
We may think of ourselves as logical and reasonable, going through motions governed by what we believe to be right. But if we were to examine them under a microscope, would our motivations prove to be composed of a rational framework, or are there invisible, inscrutable reasons for our behavior even we can’t explain?
How does the What the Hell effect keep us making bad decisions even when we know they’re bad?
Are we ever truly rational, unbiased, or impartial?
What’s the best time to appear before a judge?
Transparency in our lives can often backfire.
How motivation works (and doesn’t work) and how we can use our own psychology against ourselves.
And so much more…
Marc Andreessen (@pmarca) is a legendary figure in Silicon Valley — and worldwide. Even in the epicenter of tech, it’s hard to find a more fascinating icon.
Marc co-created the highly influential Mosaic Internet browser, the first widely used graphical web browser. He also co-founded Netscape, which later sold to AOL for $4.2 billion. Then he co-founded Loudcloud, which sold as Opsware to Hewlett Packard for $1.6 billion.
He’s considered one of the founding fathers of the modern Internet, right alongside pioneers like Tim Berners-Lee, who launched the Uniform Resource Locator (URL), Hypertext Transfer Protocol (HTTP), and early HTML standards.
This all makes him one of the few humans ever to create software categories used by more than a billion people. He’s also one of the few who’s established multiple billion-dollar companies.
Marc is now co-founder and general partner of venture capital firm Andreessen Horowitz, where he’s quickly become one of the most influential and dominant tech investors in the world.
In this interview, Tim digs into some fun things Marc has not discussed in many places, including:
His epic debate vs. Peter Thiel
Rules for investing
The future of bitcoin
Favorite books, documentaries, and movies
And much, much more
If you only have 5 minutes, here’s what Marc misses most about the mid-90s Internet (and what he’d like to bring back).
Please do say hi to Marc — he’s very active on Twitter at @pmarca.
Sometimes one interview just isn’t enough. That was certainly the case with Tim’s good friend, Chris Sacca. Chris (who he interviewed before) was recently the cover story of the Midas Issue of Forbes magazine. He was on the cover because he’s a newly minted billionaire and the proprietor of what will likely be the most successful venture capital fund in history: LOWERCASE Capital.
He’s an early-stage investor in companies like Twitter, Uber, Instagram, Kickstarter, and many more.
Also, he wears cowboy shirts, has a great beard, and is hilarious, which is reason enough to bring him back for more. In this episode, he answers all of your most pressing questions based on your votes and feedback. You’ll find some fantastic responses, ranging from life advice to business recommendations and everything in between.
Usually, it’s Tim’s job to deconstruct world-class performers. This time around, the tables are turned. Many of you have asked to hear Tim interviewed, so this week Daymond John (@thesharkdaymond), star of ABC’s Shark Tank and CEO and founder of FUBU, is in charge and asking the questions. Daymond has a new book called The Power of Broke, and he is an expert interviewer and interrogator.
In this episode, you’ll learn untold stories about TIm’s beginnings and rough starts. If you’ve ever felt like a beginner in business, or found your back against a wall, you will learn how to take your lack of resources and turn it into a strength.
By popular demand, this is a follow-up with the amazing Derek Sivers (@sivers)!
This episode can be listened to independently of Tim’s first popular conversation, and he answers some of my (and your) favorite questions.
Originally a professional musician and circus clown, Derek created CD Baby in 1998. It became the largest seller of independent music online, with $100 million in sales for 150,000 musicians.
If you only listen to one answer from this episode, don’t miss his response to “What do you believe that other people think is insane?” It get progressively weirder and weirder and starts around 34:09
Tim looks back at his amazing year in podcasting and highlights the best ideas/recommendations.
Contrarian and genius Peter Thiel (Founders Fund) shares has insights on innovation, capitalism, venture funding and much more. Peter has such a uniquely insightful perspective that you just can’t find anywhere else. This is a short and must read/listen. Enjoy!
I get asked a lot about investing.
This is mostly due to start-up investing and the hoopla around it, but I’ve expanded my experiments to late-stage deals, real estate, and more. So far, my startup bets are 10x+ more successful (on paper) than my publishing career. Based on cashed-out positions, they’re still several times more successful. I’ve had a lucky stretch.
By no means am I an elite investor, but I’ve borrowed from elite investors since 2007. I’m incredibly fortunate that amazing people have been very generous with their time. Thank you, all!
I’ve made hundreds of survivable mistakes, networked my little bald head off, and–net-net–I’m happy with the results.
In this short podcast episode, I’ll explain the five (or so) steps I took to become a better investor, starting at ground zero.
Caveat emptor: I am NOT a financial advisor, and none of this advice should be taken without speaking to a qualified professional first. Also, my results could be due to pure luck and zero skill. M’kay? M’kay.
The episode’s only 40 minutes long, despite it saying 2 hours