#295 I had dinner with Charlie Munger

**David Senra** (0:00)
I want to tell you about a one time only limited event that I don't think you're going to want to miss. I am doing a live show with Patrick O'Shaughnessy from the Invest Like the Best podcast in New York City on October 19th. Patrick has interviewed over 300 of the world's best investors and founders for his podcast. I've read over 300 biographies of history's greatest entrepreneurs for my podcast. We'll be talking about what we learned from seven years of podcasting, sharing our favorite ideas and stories, and doing a live Q&A. There will also be special event-only swag. If you live in New York City, I think it's a no-brainer. But if not, I think it's a great excuse to fly in. I've already heard from a bunch of people that bought tickets, they're flying in from other cities. Some people are flying in from other countries. That's setting the bar really high, so I will have at least four shots of espresso, or four energy drinks before or during the show, so we can make it a night that you'll never forget. If you're interested in attending this unique live event, I will leave a link down below. I highly recommend you get your tickets today, and I hope I get to see you in New York on October 19th.
One of my favorite things about making this podcast is that I get to talk to so many founders. Now, a lot of those founders are dead, so I get to have one-sided conversations in the form of reading their biographies or reading their autobiographies, and this is what Charlie Munger refers to as becoming friends with the eminent debt. But in addition to that, because so many founders listen to this podcast, I get to actually meet and talk to people still building companies today. And a recurring theme that pops up again and again in these conversations is that a large part of your life is actually searching for your life's work. And so almost all of us are looking for something that is unique to us that we can do forever. And in almost every single case that requires starting more than one company. As you're about to hear, that was certainly the case in Charlie Munger's life. He was in his 40s before he was finally doing full-time what he was put on this earth to do. And so this reoccurring theme that you're likely going to have to start more than one company before you find in life's work is so common that the presenting sponsor of this episode, Tiny, has built an entire business around buying other businesses.
And the founders of Tiny, Andrew and Chris, are doing something really smart. They know that there's a ton of entrepreneurs that listen to this podcast that are building businesses, some of which will have a business that they want to sell today, and some of which will have a business that they want to sell in the future. And what I like about Tiny is the way they differentiate their offering compared to other people that buy businesses. There's just no BS when you deal with Tiny. And so when a founder goes to tiny.com and says, hey, I want to sell my business, they get a response within 48 hours, there's an offer made within seven days, and they close within a month, and you get a bag full of cash. If you're a founder that wants to sell your business now or in the future, make sure you go to tiny.com. And one more thing before we jump into the episode, one of the things I got to ask Charlie was, you're known for not really liking VCs, and that's putting it really blithely, yet you publicly praise Sequoia. Like, what's the deal with that?
And his response was very simple, and he's like, it's because of their record. And one of the former partners of Sequoia that's responsible for that record was just on one of my favorite podcasts, Invest Like the Best. If you're listening to this, you've probably already followed that show. In case you don't, please follow it in whatever podcast player you're listening to it in, and listen to episode 318, Doug Leone Lessons from a Titan. He tells the story of how him and Mike Moritz take Sequoia from a $150 million partnership into an $85 billion global investment company. Doug Leone has founder mentality, and it will be obvious if you listen to that episode.
I can't believe this happened. I still, I still cannot believe this happened.
As it was happening, I couldn't believe it was happening. It reminded me of a scene in one of my favorite documentaries. This is a documentary you can watch on HBO. It's called The Defiant Ones.