Episode
#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
1:19:02
Published: Thu Oct 05 2017
Description
This episode contains some of the best lessons I’ve learned about investing, making money, and growing your personal wealth. It was inspired by my 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:Marc AndreessenChris SaccaReid HoffmanPeter ThielSeth GodinI also share my own personal investing strategy, and the method I use to assess risk and reward.Enjoy!***If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. I also love reading the reviews!For show notes and past guests, please visit tim.blog/podcast.Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Interested in sponsoring the podcast? Visit tim.blog/sponsor and fill out the form.Discover Tim’s books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissFacebook: facebook.com/timferriss YouTube: youtube.com/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Chapters
5 Bullet Friday is a weekly action-packed newsletter containing the coolest and weirdest stuff that Ben Greenfield has found each week, from gadgets to supplements to self-experiments.
00:00 - 01:57 (01:57)
Summary
5 Bullet Friday is a weekly action-packed newsletter containing the coolest and weirdest stuff that Ben Greenfield has found each week, from gadgets to supplements to self-experiments. It is highly popular among podcast listeners and book readers, who often subscribe to get advance notice of special deals and early access to startups.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
Mark Andreesen shares valuable investing lessons on growing personal wealth and making money.
01:57 - 07:19 (05:21)
Summary
Mark Andreesen shares valuable investing lessons on growing personal wealth and making money. He co-created influential web browsers and co-founded hugely successful tech companies such as Netscape and LoudCloud.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
Venture capitalists invest other people's money in high-risk asset classes, usually approaching sovereign wealth funds, pension funds, endowments, or university groups.
07:19 - 13:32 (06:13)
Summary
Venture capitalists invest other people's money in high-risk asset classes, usually approaching sovereign wealth funds, pension funds, endowments, or university groups. The venture capitalists will receive a percentage of the return on investments, typically 20% of any profits made by the fund.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
This podcast discusses low-risk investment options such as low-cost index funds through services like Wealthfront, Vanguard or Dimensional Funds, as well as Warren Buffett's emotional and behavioral advantage when it comes to market volatility.
13:32 - 20:25 (06:52)
Summary
This podcast discusses low-risk investment options such as low-cost index funds through services like Wealthfront, Vanguard or Dimensional Funds, as well as Warren Buffett's emotional and behavioral advantage when it comes to market volatility.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
David Sacks discusses the conflict of interest in investing in competitive companies and how it can prevent investors from making successful investments.
20:25 - 23:31 (03:06)
Summary
David Sacks discusses the conflict of interest in investing in competitive companies and how it can prevent investors from making successful investments. He explains how the absence of a counterfactual makes it impossible to ever know the true consequences of a decision.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The act of bringing in a deal for venture capital investments can be tricky due to various factors like personal biases and individual preferences, even if the company itself appears good and marketable.
23:31 - 27:33 (04:02)
Summary
The act of bringing in a deal for venture capital investments can be tricky due to various factors like personal biases and individual preferences, even if the company itself appears good and marketable.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The episode discusses the importance of leadership and communication skills in business, and how it affects investment decisions within firms.
27:33 - 37:42 (10:08)
Summary
The episode discusses the importance of leadership and communication skills in business, and how it affects investment decisions within firms.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The speaker recounts a story of his dad challenging Travis to a game of Wii Tennis and taking full swings with the controller, while also predicting the rise of Twitter.
37:42 - 40:17 (02:35)
Summary
The speaker recounts a story of his dad challenging Travis to a game of Wii Tennis and taking full swings with the controller, while also predicting the rise of Twitter.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
Learning to play and adjust to the different games life presents you with is key to succeeding, just like how successful companies adapt to changing circumstances.
40:17 - 48:22 (08:04)
Summary
Learning to play and adjust to the different games life presents you with is key to succeeding, just like how successful companies adapt to changing circumstances. Reading about military strategy can also provide useful principles in figuring out how to win in various situations.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The speaker talks about the frustration Uber experiences due to regulators being triggered by competitive interests like taxi cab companies, and why investing in companies like Uber is not like playing the lottery.
48:22 - 58:39 (10:17)
Summary
The speaker talks about the frustration Uber experiences due to regulators being triggered by competitive interests like taxi cab companies, and why investing in companies like Uber is not like playing the lottery.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The importance of thinking for oneself and breaking through convention is emphasized in Silicon Valley, where uncertainty about the future can lead to a reliance on shortcuts and the opinions of others, rather than personal critical thinking.
58:39 - 1:03:37 (04:57)
Summary
The importance of thinking for oneself and breaking through convention is emphasized in Silicon Valley, where uncertainty about the future can lead to a reliance on shortcuts and the opinions of others, rather than personal critical thinking. Engineering is highlighted as a specific skill that differs from education in this regard.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
The speaker shares a marketing story about money and highlights the importance of reflecting on how to become less competitive to achieve success.
1:03:37 - 1:13:20 (09:43)
Summary
The speaker shares a marketing story about money and highlights the importance of reflecting on how to become less competitive to achieve success.
Episode#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
PodcastThe Tim Ferriss Show
Micellar casein or whey protein slow release can help improve body composition and recovery overnight.
1:13:20 - 1:18:58 (05:37)
Summary
Micellar casein or whey protein slow release can help improve body composition and recovery overnight. The podcast also mentions 99designs.com forward slash Tim for free designs and discounts on purchases.