Joys of Compounding

Colossus | Investing & Business Podcasts
Joys of Compounding

This 'podclass' is a series of discussions with the world's best investors, company builders, academics, athletes, artists and human beings devoted to exploring the joys of compounding in all its forms.

  1. Patrick Griffin - The Lessons of History

    2 DAYS AGO

    Patrick Griffin - The Lessons of History

    Today’s teacher is renowned historian Patrick Griffin. Patrick is the former chair of the Department of History at the University of Notre Dame. In 2021, he was named the Harold Vivian Harmsworth Visiting Professor of American History at the University of Oxford, perhaps the highest honor an American historian can receive.  He joined us to explore “The Lessons of History” by Will and Ariel Durant, a book that has been repeatedly recommended to us over the years by some of the world's most compelling investors, leaders, thinkers, and builders. To quote the late great Charlie Munger, who was also a student of Durant, “There is no better teacher than history in determining the future.” This 100-page book is a masterful distillation of Durant's 11-volume 10,000-plus page magnum opus, “The Story of Civilization.” Whether you're looking to develop better pattern recognition in your work, or perhaps more existentially how to begin to even think about how and what to paint on this precious canvas that we call a human life. We hope you enjoy this class on “The Lessons of History” with the esteemed Patrick Griffin. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. This holiday season go to eightsleep.com/breakdowns and use code JOYS for up to $600 off the Pod 4 Ultra when bundled.  ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes.  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to the Joys of Compounding (00:01:17) The Importance of History (00:04:14) The Historian's Toolkit (00:07:17) Will Durant's Journey (00:09:18) Lessons from 'The Lessons of History' (00:23:08) Human Nature and History (00:34:29) The Role of Economy in History (00:38:01) The American Revolution in Context (00:38:20) The Irony of National Exceptionalism (00:39:00) Revolutions and National Belonging (00:42:17) Geography and the Age of Revolution (00:43:50) Human Ingenuity and Overcoming Geography (00:45:53) The Role of Common People in History (00:47:12) The Immigrant Experience and Personal Reflections (00:50:49) Yankee Sullivan: A Prizefighter's Tale (00:55:55) Boxing as a Metaphor for Human Nature (00:58:49) The Inevitability of War (01:03:10) The Concept of Progress (01:07:14) The Power of Compounding in History

    1h 17m
  2. Rich Wong - The Art of Accel-ing

    21 OCT

    Rich Wong - The Art of Accel-ing

    Today's teacher is Rich Wong, general partner at renowned venture firm Accel. Rich is a very special investor and leader, and he spent many years as an operator prior to his time in VC. What was going to be a short stint as a venture operating partner nearly 20 years ago turned into a defining pivot for Rich. He not only quickly reached the top of the venture profession but also became the go-to investor for many luminary companies, such as Atlassian, UiPath, AdMob, Checkr, Rovio, Service Channel, and many many more.  His range of interests spans beyond venture, and he's very involved in many of the leading university-based poverty alleviation labs. It's always a treasure for us to find someone who integrates so many facets of life in service of others. Please enjoy our class with Rich Wong. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. Go to eightsleep.com/joys for $350 off.  ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes.  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to the Joys of Compounding (00:04:41) The Atlassian Chase Story (00:07:41) Bootstrapping and Venture Capital (00:18:10) Excel's Founding and Evolution (00:22:14) Rich Wong's Early Influences (00:24:42) Becoming an Accidental Venture Capitalist (00:31:39) Excel's Team Dynamics and Investment Strategies (00:38:28) The Evolution of Mobility and AI (00:39:58) Bottom-Up Innovation and Defense Technology (00:41:25) AI's Role in Incumbents vs. Startups (00:44:53) Service Channel Case Study (00:47:58) Capital Efficiency and Indigestion (00:51:04) The Role of Grit and Overfunding (00:55:29) Venture Capital Ecosystem and Returns (01:04:03) Public Policy and Poverty Solutions (01:11:43) Balancing Career and Personal Life (01:15:37) How Rich Wants His Life To Be Measured

    1h 17m
  3. Ravi Gupta - Bring Joy

    30 SEPT

    Ravi Gupta - Bring Joy

    Today's teacher is Ravi Gupta, a partner at renowned venture firm Sequoia Capital. Ravi has had a fascinating and meandering career on his way to becoming a VC, from consulting at McKinsey to private equity at KKR to operations at Instacart as both CFO and COO. All along the way, Ravi was gathering and cultivating a unique set of skills that's equipped him to now identify and support some of the most daring founders striving to build legendary companies. Ravi's life and career are teeming with trials, successes, and applicable lessons for all of us. He's such a thoughtful and deep thinker, and I'd encourage you to check out his personal site, RKG.blog, for more of his musings. We hope you enjoy class with the ever-joyful Ravi Gupta. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by EightSleep, the temperature-controlled mattress cover that heats or cools your mattress to transform your sleep. The Pod 4 Ultra is the new gold standard in intelligent sleep systems. It can be added to your current mattress like a fitted sheet and is been clinically proven to give you up to an hour more quality of sleep every night. The cooling capability can cool your side of the bed to 20 degrees below room temperature, all managed by the pod's autopilot feature, which adjusts the temperature throughout the night. Go to eightsleep.com/joys for $350 off.  ----- Joys of Compounding is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Joys of Compounding, visit joincolossus.com/episodes.  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to Joys of Compounding (00:05:00) Aspirations and Career Beginnings (00:07:21) The Impact of Indian Heritage (00:12:53) The Notre Dame vs. Duke Rivalry (00:20:51) Lessons from Coach K and Leadership (00:24:18) From McKinsey to KKR (00:44:33) Learning and Humility in Private Equity (00:47:09) Finding Purpose Through Family (00:49:42) Motivation and Desperation at Instacart (00:56:04) The Role of a Supportive Leader (00:58:24) The Instacart Turnaround (01:04:41) Lessons from Sequoia and Venture Capital (01:23:57) Measuring Life by Relationships

    1h 26m
  4. Paul, Rick & Friends - School's Out For Summer

    5 AUG

    Paul, Rick & Friends - School's Out For Summer

    We are back with a summer special and to celebrate, we have a cast of teachers joining us. In this episode, you’ll hear from the Mount Rushmore of business podcasters–Patrick O’Shaughnessy, David Senra, and Acquired’s David and Ben–as well as two of our favorite entrepreneurs. We’ll also reflect on what we’ve learned from our guests, from hosting the show, and discuss what’s next for this podclass of ours. Wherever you’re spending the summer, we hope you enjoy this episode! For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes.  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to Art of Investing (00:00:56) Rick & Paul reflecting on season 1 of AOI and their summer (00:06:31) The spirit of shinise: Lessons from long-lived Japanese companies (00:14:44) Patrick O’Shaughnessy, Invest Like the Best & Colossus (00:40:10) Julian Flannery, Summus Global (01:08:08) Rick & Paul discussing key lessons from their guests (01:14:01) David & Ben, Acquired (01:41:43) David Senra, Founders (02:09:31) Rick & Paul recapping more of their guests (02:26:41) Nick Cromydas, Hunt Club (02:45:50) What to expect from season 2

    2h 54m
  5. 8 JUL

    Acquired - From Obsession to Profession

    Today we are replaying our classroom session with Ben Gilbert and David Rosenthal, founders of Acquired, the podcasting sensation telling the stories and strategies of the world's great companies. In this episode, we turn the tables on Ben and David in order to discover their own stories and the fairy dust behind acquired success. We'll cover the history of the formation of one of the most successful podcasts in the world, why having a co-founder & friend is vital to building an enduring company throughout the highs and lows, and their most valuable lessons learned from dissecting the greatest stories in business, investing, and entrepreneurship. Please enjoy our class with Ben Gilbert and David Rosenthal. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:05:36) First question - Acquired podcast's journey, founders' insights, and entrepreneurial lessons (00:11:00) David Rosenthal's journey from 80s Pennsylvania to entrepreneurship (00:23:12) How David's exposure to entrepreneurship shaped his beliefs and co-founder dynamics (00:14:12) How Ben and David forged a unique friendship through their shared passions (00:30:54) Exploring side hustles & transforming hobbies into career opportunities (00:42:07) Why building success requires nurturing intrinsic compounding factors (00:52:15) The roles of luck and persistence in achieving success (00:56:35) Prioritizing product over monetization for long-term success (00:60:57) The importance of staying authentic amidst success (01:08:15) Balancing success and well-being with Acquired's freedom-driven approach (01:10:37) Recognizing the value of ownership in the journey to success (01:15:32) The power of optimism in overcoming challenges and achieving success (01:19:27) The significance of authenticity in long-term success (01:25:07) Upholding integrity in interactions as an essential component of success (01:35:04) Why successful companies often mirror the founder's personality (01:43:17) Acquired's biggest strength and the potential risk on the horizon

    1h 38m
  6. Ho Nam - Lessons in Venturing Differently

    10 JUN

    Ho Nam - Lessons in Venturing Differently

    Today, we are replaying our conversation with Ho Nam, co-founder of Altos Ventures. As the numbers go, Altos is one of the greatest venture capital firms of the last quarter century. We unpack Ho's origin story and the values that shaped him most as a person and investor, and then we then turn to Altos itself. Altos has emerged as one of the most elite venture investors by breaking traditional VC rules, by backing hedgehogs rather than foxes, by focusing relentlessly on capital efficiency, by investing at all stages of a company, and by displaying an unusual dose of kindness and patience along the way. This is a remarkable story of the art of what's possible when a group of investors are first and foremost in service to founders. It is also a tale of great struggle and resilience, constant evolution and self-discovery, and the courage to be different. Please enjoy our class with Ho Nam. For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit StayGrovey.com.  Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to Art of Investing (00:04:19) Ho’s early life and formation leading up to Altos Ventures (00:09:00) How seeing his parents at work shaped his career and investing perspectives (00:12:53) Developing a habit of hard work before finding the thing you love (00:17:53) The inter-title organisms and what drew him to Harvey Mudd (00:22:56) Working on a summer project with Henry Singleton; The Outsiders (00:24:06) Early career experiences that shaped the kind of investor he is today (00:37:10) Why getting into Stanford was yet another “sliding door” moment  (00:40:54) The decision he took that lead to founding Altos and becoming an entrepreneur (00:45:42) Whether or not their initial mission aligned with what Altos eventually became (00:55:54) How critical points of differentiation came together and where the courage came to double down on them  (01:01:40) An overview of the hedgehog concept  (01:07:29) How to adhere to the hedgehog concept in light of so much noise today writ large (01:11:40) What makes an Altos investment and where it starts (01:25:32) How he works with entrepreneurs and helps them along the way  (01:34:24) The importance of conviction rather than convention  (01:40:12) Reflections on what he hopes to get out of the rest of his life

    1h 46m
  7. 20 MAY

    David Senra - Lessons from the Founder Historian

    Today, we are revisiting our class with David Senra in honor of our upcoming event together. David is an absolute force of nature who is taking the world by storm with his podcast "Founders." In this class, we enjoy access to the full spectrum of learnings from his decade-long study of history's greatest entrepreneurs, artists, athletes, and leaders. The library David's built reflects a range of study that is completely boundless. From Alexander the Great, to Catherine Graham, to Alexander Graham Bell, from Warren to Jimmy Buffet, and from J. Gold all the way to Jay Z. He helps us gain an understanding of why virtually all of the greats in history devote themselves to the study of those that came before them. Please enjoy today's class with David Senra. For the full show notes, transcript, and links to mentioned content, check out the episode page here. Join us for the Art of Investing X Founders Event! ----- This episode is brought to you by Summus. Summus is a revolutionary health benefits solution, driving superior employee engagement while dramatically lowering your company's enterprise-level healthcare spend. They're completely transforming the world of health benefits by providing employers and their employees in any location, fast access to over 5,100 of the top medical specialists from America's very best medical centers for support across all health questions. If you're looking for a benefit that drives your employee engagement, truly takes care of your people in their most scary and vulnerable times, all while improving your healthcare ROI, visit GoSummus.info/AOI. This episode is brought to you by Hunt Club. Hunt Club unlocks relationships and helps companies grow. Whether it's recruiting your next hire, landing your next big partner, or financing your business, a trusted introduction always works more effectively. Hunt Club’s tech-enabled search model leverages the largest community of its kind to refer amazing talent on your behalf. Additionally, its software program, Atlas, helps organize the entire network of a company or fund and assists in streamlining the right introductions. If you're looking for the ideal solution for all of your talent needs, visit HuntClub.com/AOI. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes.  Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @ArtofInvest | @Buhrman_Rick | @PaulBuser | @JoinColossus Show Notes (00:00:00) Welcome to Art of Investing (00:08:23) First question - Understanding the need to devote oneself to something (00:013:10) The profound and helpful insights gained from learning about historical figures (00:20:05) Advice for a 22-year-old about the value of relentless effort (00:30:14) Hard work as a prerequisite for achieving greatness (00:36:37) How time and effort influence the compound interest equation (00:45:34) Factors that hinder the pursuit of greatness (00:51:40) Seeking voices that guide you toward the right path (00:59:02) Curiosity as an innate talent or a cultivated skill (01:03:44) Letting go of interests that obstruct your goals (01:12:45) Striking a balance between work and family for a fulfilling life (01:18:50) Basic steps within our control to become the person we aspire to be (01:23:10) The unique appeal of podcasting as a business (01:28:19) Turning information from biographies into actionable knowledge.

    1h 25m
  8. Marcus Freeman: Choose Hard, Choose Love

    13 MAY

    Marcus Freeman: Choose Hard, Choose Love

    Today’s teacher is Marcus Freeman, Head Football Coach at the University of Notre Dame. We discuss the power of relationships and how he talks with his players about the concepts of hard work and love, and we delve into what it takes to focus on inputs rather than outputs, especially as the college sports world is changing in unprecedented ways.  For you football fans out there, we even get into a little bit of what's ahead for Notre Dame’s program in Marcus’s third year as head coach. As alums and lifelong fans of the Irish, it was a real treat to host Coach Freeman at our studios. Please enjoy this class with Coach Marcus Freeman. Join us for the Art of Investing x Founders Conference! For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Summus. Summus is a revolutionary health benefits solution, driving superior employee engagement while dramatically lowering your company's enterprise-level healthcare spend. They're completely transforming the world of health benefits by providing employers and their employees in any location, fast access to over 5,100 of the top medical specialists from America's very best medical centers for support across all health questions. If you're looking for a benefit that drives your employee engagement, truly takes care of your people in their most scary and vulnerable times, all while improving your healthcare ROI, visit GoSummus.info/AOI. This episode is brought to you by Hunt Club. Hunt Club unlocks relationships and helps companies grow. Whether it's recruiting your next hire, landing your next big partner, or financing your business, a trusted introduction always works more effectively. Hunt Club’s tech-enabled search model leverages the largest community of its kind to refer amazing talent on your behalf. Additionally, its software program, Atlas, helps organize the entire network of a company or fund and assists in streamlining the right introductions. If you're looking for the ideal solution for all of your talent needs, visit HuntClub.com/AOI. ----- Art of Investing is a property of Pine Grove Studios in collaboration with Colossus, LLC. For more episodes of Art of Investing, visit joincolossus.com/episodes.  Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com). Show Notes (00:00:00) Welcome to the Art of Investing (00:04:45) Confidence and Leadership (00:06:32) The Profound Influence of Family (00:10:39) Embracing the Role of a Lifelong Learner (00:12:43) The Coaching Journey: From NFL Dreams to Notre Dame (00:18:22) Building Relationships: The Core of Coaching (00:21:53) Other-Centeredness as a Coaching Philosophy (00:23:55) The Mindset of Notre Dame Football (00:24:59) The Power of Relationships and Team Dynamics (00:28:01) Emphasizing Love and Choice in Team Culture (00:30:37) Continuous Improvement and Challenging the Status Quo (00:35:17) Navigating the Upheaval in College Football (00:36:28) The Importance of Education in Athlete Development (00:39:04) Family, Balance, and Being Present (00:41:28) Recruiting Talent and Building Teams at Notre Dame (00:43:55) Inspiring Today’s Youth and Upholding High Standards

    44 min

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out of 5
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This 'podclass' is a series of discussions with the world's best investors, company builders, academics, athletes, artists and human beings devoted to exploring the joys of compounding in all its forms.

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