Bill Ackman: The Biggest Fight of His Life

Shopify founder and CEO Tobi Lütke joins Shane Parrish to discuss AI agents, better decision-making, and the future of work. He explains how he uses an AI council to examine his hardest decisions and why taste, judgment, and responsibility become more valuable as AI becomes more ...  Show more

We all know the Steve Jobs who came back in the late 1990s and saved Apple from becoming a footnote. And we've all heard the story of how, in 1985, he was pushed out of the company he'd created. What we don't know is what happened in between. Geoffrey Cain spent years reconstruct ...  Show more

Clay dives into the life and legacy of Sol Price, the pioneering retail entrepreneur who revolutionized the industry with FedMart and Price Club, ultimately leading to the creation of Costco. The episode explores how Price's business philosophies, including treating employees wel ...  Show more

What I learned from reading Sol Price: Retail Revolutionary by Robert Price.  ---- [6:50] He believed in developing strong operating efficiencies, and he continually emphasized passing on savings to customers. [8:48] It's pretty incredible to think about that Sol's ideas have cre ...  Show more

Costco is not only Charlie Munger’s favorite company of all time (plus he’s on the board, natch), it’s an absolutely fascinating study in how seemingly opposite characteristics can combine to create incredible company value. For instance: Costco has the cheapest prices of any maj ...  Show more

What I learned from reading Sam Walton: The Inside Story of America's Richest Man by Vance H. Trimble. ---- [3:11] Charlie Munger on Sam Walton: It's quite interesting to think about Walmart starting from a single store in Arkansas – against Sears Roebuck with its name, reputatio ...  Show more