|#91 MWAVC| - Time In A Bottle
Just today I was complaining that 1 hour seems like 15 minutes. Does anyone else feel the same? I set notifications for the top of every hour and it really seems like every 15 minutes, my phone is lighting up telling me another hour is passed. And this is not to say I don’t use my time wisely but it just seems to go so quickly!
This brings me back to one of my favorite people to discuss- Warren B. This man sits in his office and reads all day (my ideal life) because he’s got great managers looking after his companies (remember Friday’s post) and/ or investments. Extract below from a James Altucher piece discusses Warren and what he does with his time.
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Warren works all day. As he says, “I skip to work” .
But he delegates the management of all the businesses he owns (from Fruit of the Loom to See’s Candies to the huge insurance companies). And he only gets involved in investments when he gets deals so good that they are easy for him to say “Yes” to, which is rare but he is fine waiting and being patient. And then rest of the day he reads and he plays bridge. He has a great life. I wouldn’t trade mine for his but I admire how he set up his life. Reading is the best way to make sure you have more knowledge than the people you are doing deals with <—(In case you were wondering why I spend so much time and I’m such an advocate for reading). And bridge is his favorite game. It uses the brain, it uses his passion for statistics, and it’s fun (his bridge partner is usually Bill Gates). He loves his day. He loves his life.
Invest your energy and time wisely because the dividends compound and produce a great life.
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Article List— What I’m reading (10 articles a day x 7 days x 4 weeks x 12 months = 3360 articles a year).
LVMH Buys Tiffany in $16 Billion Deal: Consolidation happening in the fashion industry. Love to see it.
Mike Bloomberg took a dig at Trump’s taxes while announcing his presidential bid: I’d vote for Mikey Mike if I had a blue passport. 100% biased because I read his book. Battle of the billionaires in 2020.
Highlights from the first annual Africa Netpreneur Prize Grand Finale Show: If you weren’t there, all this stuff you need to know about Jack Ma’s time in Ghana is here.
Your Whole Company Needs to Be Distinctive, Not Just Your Product: Very very very very very important read.
Investors pour almost $400m into African fintech in a week: Well there you have it. Is this a bubble or nah?
Ponzi schemes, private yachts, and a missing $250M in crypto: the strange tale of Quadriga: This title seemed way more interesting than the story itself. But a good read nonetheless.
Podcast— What I’m listening to (1 podcast episode a day= 365 podcast episodes a year) — Broadening my experiences through others’ stories.
Second episode of the Cheat Code is out! See what my favorite people have been up to this past week! PS, you can listen between 2:05 and 2:20. That’s the most important part.
Book— 1 Chapter a day x 7 days x 4 weeks x 12 months = 336 chapters. Most books have 10-12 chapters, so 1 year = 28 to 33 books. And my book list is nearing 1000 books. Send help 🌚
Venture Deals by Brad Feld and Jason Mendelson. I’m actually learning so much from this book. Highly highly highly recommend to anyone looking to get into venture investing. Might take a while to grasp all the concepts. I’ll have to read it at least 3 times to fully get it.
📱📱Quote of day
The true measure of a man is how he treats someone who can do him absolutely no good. —Samuel Johnson
Remember: “Until the lion learns to write, every story will glorify the hunter.”