“Charlie Munger says you should read Les Schwab's autobiography to learn about incentives in a difficult business, which the speaker did because Charlie told him to.”

Sentiment: Highly Recommended

Trigger: learning from successful entrepreneurs

For: Aspiring entrepreneurs and business students

Key quote: “Charlie Munger says, you should read, if you want to learn about incentives in a really difficult business, read Les Schwab's autobiography.”

The host mentions Les Schwab's autobiography as a valuable resource for understanding business incentives and strategies. This recommendation stems from a discussion about the importance of learning from real-world experiences rather than traditional academic settings.

FoundersAug 11, 2021

#197 Founder of the Rothschild Family Dynasty

Episode

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“I just reread my highlights from Les Schwab's autobiography. Maybe Founders 105.”

Sentiment: Highly Recommended

Trigger: inspiration from successful figures

For: Entrepreneurs and aspiring business leaders

Key quote: “Charlie Munger tells me to read a book. I'm going to read the book.”

The host mentions Les Schwab's autobiography to highlight the importance of hard work and dedication in achieving success. Schwab's journey from poverty to building a successful tire company serves as a motivational example for listeners.

FoundersJul 19, 2021

#192 Jim Casey (Founder of UPS)

Episode

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“Charlie Munger says, read Les Schwab's autobiography. He can tell you better than we can.”