The Friday Five: How to Build a Holding Company, Secrets of Great Timing, & More
Episode XXXVIII
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Today at a Glance:
Quote: Risks of comfortable inaction.
Tweet: How to build a $20m holding company.
Article: How hobbies infiltrated our lives.
Podcast: Secrets of great timing.
Bonus: The power of tiny gains.
One Quote:
“There are risks and costs to action. But they are far less than the long range risks of comfortable inaction.” - John F. Kennedy
A body in motion tends to stay in motion; a body at rest tends to stay at rest.
Develop a bias for action.
One Tweet:
This is a great thread of tactical lessons on how to build a holding company.
I love Codie’s work—free knowledge based on earned experience. She’s not writing about something she read in a book—she’s writing about something she has done. Twitter University…tuition is free!
One Article:
How Hobbies Infiltrated American Life
Another great, short read from The Atlantic—this time an exploration of what the author calls our “love affair with productive leisure.”
During the COVID-19 pandemic, it has become a regular occurrence to be regaled with stories of a friend’s new [bread making, mountain biking, gardening, etc.] hobby.
Less a criticism of our bias for working leisure—more an examination of the lineage of these foundational, cultural ideals.
Fascinating, quick read!
One Podcast:
Marc Andreessen: The 6 Secrets of Great Timing
Short podcast (<45 minutes) that punches way above its weight. So many tactical insights on startup building, with a focus on the importance of timing.
When to launch that first product; when to ramp up scale; when to make the move into a new market; when to pivot—timing is everything.
Listen to it on Apple Podcasts or Spotify.
One Bonus:
Powerful visualization of the power of making small, daily, incremental progress. For me, this visual cuts through the pressure of feeling like progress needs to come in noticeable leaps.
Just focus on getting 1% better—each and every day.
Where It Happens Podcast
The Wolf of All Streets, Scott Melker
Watch it on YouTube and listen to it on Apple Podcasts or Spotify. Want more? Join the 4,000+ in our unique community on Discord.
Special thanks to our sponsors for providing us with the support to bring this episode to life.
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More about Warren Buffet and Berkshire Hathaway, his investment company, here:
KISS (Keep It Simple, Stupid) For Health, Wealth, and Happiness
https://moviewise.substack.com/p/kiss-for-health-wealth-and-happiness