Brunello Cucinelli is an outlier. He proves you can have balance and a billion-dollar business:
1 - Here, you start at 8 AM and at 5:30 PM you are forbidden to work any further. No emails can be sent to more than two addressees, just one or two. No group mailing.
2 - "The daily
Imagine having instant access to the best content on any topic without needing to do the work yourself.
Today we are launching Blocks — the best content in the world (hand-curated by our team) shared alongside each of our podcast episodes.
At 19, Yvon Chouinard was a broke mountain climber making and selling climbing equipment from his trunk.
Over the next 65 years, he transformed that business into a multi-billion dollar company.
Here are the lessons from how he built Patagonia:
Yesterday,
@patrickc
interviewed
@sama
at the Sohn Conference. It started well...
“Last year, I interviewed Sam Bankman-Fried for this conference. Thankfully this year, I have the right Sam”
...and it got better. Here are some of our key takeaways:
1. Our kids will have more
This week
@FoundersPodcast
got his hands on a rare book about LVMH's Bernard Arnault.
The book costs as much as a Louis Vuitton bag ($3000) but the maxims from his podcast are priceless.
Here are some of our favorites:
Tomorrow on Business Breakdowns we try something a bit different - we are breaking down
@ethereum
.
This episode is a banger. Can't wait for everyone to hear it.
We're launching a new podcast series that explores individual businesses and concepts
We want to talk to the investors or operators that know these businesses better than anyone
First up: Sysco, Moderna, Chipotle
Let us know if you or someone you know is interested. DMs open!
Launching tomorrow - our newest podcast, Business Breakdowns.
Our next step in mapping the world of business and investing.
Check out the trailer below and subscribe.
Apple:
Spotify:
Overcast:
Today,
@arampell
delivers a masterclass in breaking down Visa with
@patrick_oshag
Learn about:
- Visa’s fascinating backstory
- What actually happens when you buy something
- Why Visa might have a double-sided moat
- Plus 11 more things…
Today,
@ClaireThielke
and Xin Yi Lim break down Pinduoduo, the fastest company to earn a $100bn market cap ever.
Learn:
▪️How they acquired 800 million users in 6 years
▪️About their C2M centric business model
▪️What the future holds for PDD
Episode 2 of Art of Investing welcomes
@gilbert
and
@djrosent
to class.
Rick and Paul turn the tables on Ben and David to discover:
- The history behind one of the most successful podcasts in the world (
@AcquiredFM
)
- Why having a co-founder & friend is vital to building an
What would it require to produce the definitive conversation on every business in the world?
An incredible process coordinating research, hosts, guests, editing, and production.
We are excited to bring on
@joshtjoseph
who joins our cofounding team as Business Operations Lead.
Blackstone started in 1985 with $400,000 seed capital.
Now they manage over $600 billion as the largest alternative asset manager in the world.
Listen to
@zbfuss
and
@MarcRuby
break down how it happened and how the business works on
@bizbreakdowns
.
In today's breakdown of
@costco
,
@zbfuss
and
@ChrisBloomstran
cover how Costco can offer quality products at such low prices, the company's narrow focus, and more
Blocks include the Kirkland Brand, Perpetual Growth Machines, and treasure hunt shopping ⬇
We started creating Breakdowns last fall. We tried and failed 20 times before recording one that we were proud to publish.
This morning, we passed through one million downloads.
Thank you to everyone who has listened to one of our Breakdowns, it means everything.
Weekly Colossus update:
🎙 Episodes:
@mario_cibelli
@zachperret
@
👩💻 Hiring: front-end dev -
📰 Colossus Weekly Newsletter -
📈 12 Most Popular Podcasts of 2020 (and why you should listen to each one🧵)
She might be using a belt as a stethoscope but
@kylascan
speaks the truth.
Dexcom is a $50bn business solving an important problem with a high-tech product in a worryingly large market.
Listen to Aneal Tenjarla and
@zbfuss
break down the business – link below.
Eugene Wei (
@Eugenewei
) is one of the best thinkers we know on media and social networks.
We asked him 7 questions as a follow up to his excellent essay, How to Blow Up a Timeline.
Why do you say people underestimate the market part of product-market fit? Can you give an
look, all i'm saying is that SF and the Bay Area would be so much cooler if someone built a Statue of Colossus on Alcatraz
with one of these bad boys, SF goes from our
#2
city behind NYC, to
#1
in America and
#1
in the world. guaranteed.
In today's Business Breakdown,
@jspujji
and
@RoNagpal
dig into
@twilio
.
Listen to learn about:
- the API revolution
- Twilio's strategic acquisitions
- the unit economics of the business
- and more!
Where do you listen to our podcasts?
We want to see!
The beauty of audio is you can listen and learn anywhere. Get outside and make us jealous.
Share your view with us on social using
#ListenHere
We’ll feature our favorites throughout August.
Some awesome early entries,
From New York City to Bangladesh and everywhere in between...
We are blown away by this week's
#ListenHere
. What an incredible way to press play.
Keep the views coming!
Class today is taught by Ho Nam.
@honam
shares his truth with Art of Investing, taking us back to his roots and bringing us all the way to today, where Altos has backed over 200 companies.
He is first and foremost in service to his founders, and he distills the lessons from
Why UX Matters
Our latest Screenshot Q&A with design expert
@builtformars
.
We cover dark patterns, great UX, terrible UX, design software, why personas are fluff, the best books to read, and more.
Let’s dive in …
Simplicity:
Yvon quotes Antoine de Saint-Exupéry; “Perfection is finally attained, not when there is no longer anything to add, but when there is no longer anything to take away, when a body has been stripped down to its nakedness.”
The best of 2023 according to you.
We rounded up the most listened to episodes from each of our shows - from Charlie Munger to Architectural Digest and everything in between.
"Those who keep learning keep rising in life" - CM
I’ve wanted to record a conversation with
@jlppfeffer
since I met him years ago
He’s one of the most interesting people in the investing world
He’s lived, invested, and built things around the globe
I do the podcast for discussions like this
Enjoy!
Today's Teacher: Brad Gerstner
@altcap
Brad is the founder of Altimeter Capital and a man of infectious energy & optimism.
He delivers us a masterclass with teachings from across the full arc of his career through decades of investing, operating, and building meaningful
“Curiosity is the only guide. And it's not the curiosity of the person sat next to you. It's not the curiosity of your parents, or your teachers. You have to ignore these people. They want you to do what they want to do, which is irrelevant. You only have your life. You have to
At Colossus, we are obsessed with businesses: their competitive advantages, their secret sauce, their playbooks.
Today, it is hard to find that information and there isn't an app that is custom built to learn from that content.
We want to fix that - .
"You're not going to invest in a company that services a market growing 5% real p.a. and get 25% return if you don't leverage it.
...My logic, always, was the equity is very expensive. It's not my money...and I ought to use as little of the equity as I can."
-Nick Howley on 50X
John Collison (
@collision
) - to understand the core of what makes Stripe so special: speed, writing, and how to think about allocating resources to new projects.
2021 Colossus Roadmap (1/4)
🚀Launching new podcasts - we want to expand beyond Invest Like the Best and Founder’s Field Guide with new hosts and new formats to bring you the best content on business and investing. Keep an eye out for this in Q1.
ExxonMobil dominated its industry in the late 1800s, through World War I, through World War II, through everything that happened from 1960 to 1990...
and was still the largest company in the world in 2013.
@jspujji
and
@ArjunNMurti
break it down ⬇️
Today's Teacher: Cal Fussman
@calfussman
This week in the
@artofinvest
classroom, Cal reminds us all of the art of human connection. He shares his learned secrets from holding conversations with some of the world's most prominent figures: "Always aim your first question for
Check out our newest Business Breakdown on
@ChipotleTweets
with host
@jspujji
and guest
@zbfuss
.
We cover:
- origin story of Chipotle
- why Chiptole doesn't have franchises
- its hypergrowth and food safety scandal
- its incredible digital transformation
Today's
@bizbreakdowns
is out of this world...
@trengriffin
joins us to break down the gravity-defying space economy.
Learn about:
- The two sides of the space economy
- The history of humans and space
- What value space unlocks
Obsess over quality:
Yvon wrote, “The cornerstone of our philosophy is to make the best product. Not among the best or the best at a price. The best, period.
Whenever we are faced with a serious business decision, the answer is always to increase quality.”
This episode hit different
My conversation is with
@Will4Planet
, who is building
@planet
Like Google indexes the earth’s information, Planet is indexing the earth itself
This feels remarkably important to me, and Will’s energy is electric
Enjoy!
@jspujji
and
@gkamstra
break down Petco and the $120bn pet industry on
@bizbreakdowns
today.
Learn about:
- The growing scale of the pet industry
- Pet profitability
- The competitive landscape
Pawsome!
Today on
@bizbreakdowns
,
@zbfuss
dives into Facebook.
First,
@UPHOLDINGS
sets the table on FB's ecosystem, history, competitive advantages, critiques, and future.
Then
@jspujji
breaks down its business engine, advertising.
Great thought from
@honam
on
@artofinvest
this week:
“If you want to be an entrepreneur, just remember this.
Follow a different path, your own path. The most successful entrepreneurs win with or without VC funding. They go out and just do it.
Forget about cocktail parties, hot
"Companies in ruin can hold the greatest surprises and bring the greatest profits.
All you have to do is delve deeper and work harder than anyone else."
One month of
@artofinvest
🎉
Today's class is taught by Jan Mohr.
Jan embodies a fascinating combination of German discipline and sensibility with a more American risk-taking and entrepreneurial spirit.
At just 33 years old Jan is the CEO of Chapter Group, and he is on a
Here it is. We're delighted to bring you episode 1 of Return on India.
@RomeenSheth
talks with
@sajithpai
about frameworks to understand India.
They segment India’s consumer class, discuss the tech trifecta enabling growth, and explore playbooks for success. Enjoy!
Invent your own game:
Yvon quipped, “When I die and go to hell, the devil will make me the CMO for a Cola company. I'll be selling a product no one needs, is identical to its competition, and can't be sold on its merits, which would be hell for me."
Make a unique product.
We don’t need tech breakthroughs for nuclear adoption. We need less politics.
Regulation is the biggest hurdle to nuclear power. We know how to build nuclear power. We've done it for decades. Starting in the late '70s, Canada added a gigawatt of nuclear power every year for 20
The last few months, I have spent time editing & adding to podcast transcripts of
@FoundersPodcast
as part of my work at
@joincolossus
After working on 220+ episodes personally, the full 300+ episode library is now available at . Unlimited insights here!
Looking for your next great book this holiday season?
We asked our Business Breakdowns guests for the best piece of investing content they consumed in 2023...
The list is out! We checked it twice 😉
What makes Marc Benioff special, why did Salesforce label itself ‘no software’, how did it help pioneer cloud-based SaaS, & what can it teach us about world building.
All that & more in our
@bizbreakdowns
with former head of Salesforce Ventures
@mdgarratt
Our Ferrari manual:
Spend a few hours with Enzo Ferrari and
@FoundersPodcast
:
#97
Enzo Ferrari (Ferrari vs Ford)
#98
Enzo Ferrari (the making of an automobile empire)
#220
Enzo Ferrari: The Man and the Machine
Then listen to
@bizbreakdowns
explain the business.
Founders:
“TransDigm was the best company that I looked at during my time in private equity.”
Learn why that was true for Rob, how he failed to buy it initially, and why it all turned out well in the end.
Episode 2 of 50x on TransDigm, w/ long time investor and board member Rob Small
Will and Rob cover the core elements composing TransDigm’s business quality, Berkshire’s and Stockbridge’s initial investments, and the trajectory of Rob’s conviction
Enjoy!
Be your first and best customer:
“Quality control was always foremost in our minds because if a tool failed, it could kill someone. And since we were our own best customers, there was a good chance that it would be us.”
Cheap bandwidth, smartphones in every pocket, and a frictionless payment system.
@sajithpai
explains the trifecta that has aligned in India over the past decade to spur growth.
Episode 7 of Return on India.
Gaming is one of the longest-standing and most exciting consumer businesses in India.
Nazara and
@mittersain
have been around since the beginning.
@RomeenSheth
gets the full download.
Today,
@drakefjustin
breaks down Ethereum.
Learn about:
- Building on Ethereum
- Why ETH might be ultrasound money
- How it's optimized to become an economic engine
- Lessons for inve…
280 characters can't do it justice – go listen to Justin.
Thinking of starting a podcast? Want to know what tech and systems we use?
Listen to the latest
@MakingMediaPod
episode which explains all.
Podcast:
YouTube:
Yarak:
In Falconry, Yarak means your falcon is alert, hungry, and ready to hunt.
Yvon wants Patagonia to last another century.
“Only businesses operating with a sense of urgency, dancing on the fringe, open to diversity and new ways of doing things are going to last 100 yrs."
Today's
@bizbreakdowns
dives into the business behind a global sporting icon,
@F1
.
Here's
@F1
CEO, Stefano Domenicali, describing the insane technical level that means F1 cars can complete pit stops in 1.9 SECONDS.
Check out the full episode for more:
👩💻Hiring
We are hiring 5 new roles to bring this vision to reality. We are looking for React Native and full-stack developers, a Head of content, a UX designer, and a BizOps hire.
Check out our careers page to apply today -
And We're Live!
Thank you to all who joined us in a sold-out Webster Hall last night to hear
@FoundersPodcast
&
@patrick_oshag
on stage in New York City. 🏙️
From your podcast player to live-in-person!
A Nuclear Waste
Some excerpts from our latest Screenshot Q&A with energy experts
@DoombergT
:
"Either we reconcile with nuclear power or we choose not to decarbonize."
"There's a disproportionate number of people in our political class who have never worked a day in industry,
As a self-identified roadtripper, I was excited to dive into Casey’s General Store on
@bizbreakdowns
. I highly recommend grabbing your preferred road trip snacks for this one (beef jerky + gatorade + combos)
We covered:
▫️Convenience store industry (hello 7-Eleven, Wawa, Circle
Class
#2
is here!
Today's Teachers:
@gilbert
&
@djrosent
on
@artofinvest
Each class is featured on with episode takeaways and a list of pre-readings & mentioned content so we can all become students.
We regularly interact with big name brands online, but do you ever wonder who is behind the scenes building them up?
Meet Greg Rose (
@greglrose
) of Virgin, Richard Branson’s right hand on all things social media & PR.
With impressive foresight, Greg introduced Richard to the
John Deere developed the first commercially successful, self-scouring plow in 1837.
Today, his business is a key enabler of low-cost food globally and has 365k connected devices roving the earth.
Don't miss
@mattcoutts_
and
@zbfuss
break it down.
For every podcast these days, the
@joincolossus
team prepares deep research. We are toying with sharing that as part of our process.
Here's a test: our report on Axie Infinity that helped me prep for today's podcast
Feedback welcome
Warren Buffett’s favorite founder was an illiterate immigrant called Mrs B. This is her remarkable story.
At the age of 24, Rose Blumkin arrived in the US from Russia with $66 in her pocket.
She didn’t speak a word of English and had never set foot in a classroom. She would
Chuck Akre had no background in business. He was a pre-med student before switching to major in English.
These are the principles he used to build a legendary investing firm and career.
In many ways, 50X is a living extension of “The Outsiders.” Thorough research and in-depth interviews aim to unpack remarkable capital allocation stories.
It’s only fitting our first series features Capital Cities’ contemporary doppelgänger, TransDigm.
First episode tomorrow!