Joe Lonsdale is one of the most prominent investors in technology. He's the co-founder of Palantir, 8VC, Addepar, and the Cicero Institute — and one of Balaji's longtime friends. We have fun talking about education, longevity, space, and the little matter of completely reforming all governments with the internet.

OUTLINE:
00:00 - How Silicon Valley got expensive
09:18 - Tech founders as philosophers
17:39 - 100% Democracy and .01% Democracy
28:51 - Internet Values vs Western Values
36:05 - How Academics Become Capitalists
46:40 - Red States, Purple States, Foreign States for AI
58:11 - Thoughts on Space, Robotics, Longevity


VIDEO
YouTube: https://youtu.be/Ny93ZjlR93g

SOCIAL
https://ciceroinstitute.org
https://www.8vc.com
https://thenetworkstate.com/podcast
https://twitter.com/JTLonsdale
https://twitter.com/balajis

#9 - Joe Lonsdale on Everything

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Jocko Podcast



Key Takeaways Curious about Andrew Huberman’s recipe for good sleep? Read more here

Read the full notes @ podcastnotes.org



>Join Jocko Underground< Andrew Huberman, Ph.D., is a neuroscientist and tenured professor in the department of neurobiology, and by courtesy, psychiatry and behavioral sciences at Stanford School of Medicine. He has made numerous significant contributions to the fields of brain development, brain function and neural plasticity, which is the ability of our nervous system to rewire and learn new behaviors, skills and cognitive functioning.  More at hubermanlab.com 

Support this podcast at — https://redcircle.com/jocko-podcast/exclusive-content

436: Lean Into The Pain. it Will Make You Better. With Andrew Huberman

rational vc



Key Takeaways  People often underestimate the role of chance in their achievementsMild success can be explainable by skill, but wild success is attributable to variance In the long run, the “lucky” regress to the mean Understand Power Laws when investing; the wins of a few investments make up for the losses on many investments, and then some Survivorship Bias: the tendency to focus on successful individuals without considering those who failed due to random factors The probability of the loss must be judged in connection with the magnitude of the outcome; it is not the likelihood of an event that matters, but the magnitude of the outcome in connection with the likelihood of the event that does  Maximizing the probability of winning does not maximize the expected value from the game The confidence in which you make your decision is more important than the expected value that comes from that decision A mistake is not something to be determined after the fact, but in the light of the information until that point 

Read the full notes @ podcastnotes.org



Every podcast episode we explore a Lindy book, and find ideas you can use in business and life. Join 3,000+ curious minds and avid readers @ rationalvc.com to get free access to essays and exclusive content. For the video version of episode click here.   Timestamps:  (00:00) Intro / chit-chat (20:11) Randomness & Luck (24:46) Monte Carlo Simulation (31:09) Ergodicity (31:39) Hindsight Bias (38:00) Survivorship Bias (39:50) Asymmetric Bets / John & Nero (49:53) Skewness & Asymmetry (57:19) Pascal's Wager (1:00:53) Induction & Chaos Theory (1:03:22) Chapter 11 (1:08:45) System-1 vs System-2 Thinking (1:10:03) Satisficing (1:20:08) Normative vs Positive Thinking (1:25:52) Signal vs Noise (1:28:20) Heuristics (1:33:45) Final Part of Book (Part 3's Importance) (1:44:41) Favourite Quotes / Our Lives (2:06:11) Final Thoughts - Our website (all essays and podcasts): rationalvc.com  Our investment fund: rational.fund  Cyrus' Twitter: x.com/CyrusYari  Iman's Twitter: x.com/iman_olya -   Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s).  #Lindy #knowledge #books

#050 - Fooled by Randomness: Nassim Taleb (Incerto Series)

This week, I am joined by Scott Galloway, NYU professor, best-selling author, serial entrepreneur, and podcaster, to discuss the multifaceted challenges many young men face today. He underscores the lack of empathy and understanding many experience, attributing it to societal expectations and the impact of technology. Scott emphasizes the winner-take-most economy, which limits opportunities for many young men. Drawing from personal understanding, he stresses the importance of education, support, and the presence of positive male role models. The discussion encompasses economic challenges, the decline of mentorship programs, and the need for reform in higher education institutions. Addressing societal constructs of masculinity and the importance of vulnerability and integrity, Scott advocates embracing emotions and seeking help to navigate life’s hurdles. He stands apart as a model of healthy, grounded masculinity—one defined by humility, emotional intelligence, and a commitment to uplifting the collective rather than indulging narrow self-interest.

Enjoy!

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Scott Galloway on Healthy Masculinity, How to Achieve Financial Security, & Why Vulnerability Is Power

My guests today are Bill Gurley and Michael Mauboussin. Bill is a General Partner at Benchmark, and Michael is the Head of Consilient Research for Counterpoint Global. While they are longtime friends with one another, I’d never heard them appear somewhere together so it was a real treat to be able to do this with the two of them. They are two of the leading minds in their fields, and we combined their decades of expertise into one wide-ranging conversation. We discuss the different kinds of increasing returns to scale, the issue of regulatory capture, AI, and hardware. Please enjoy this great conversation with Bill Gurley and Michael Mauboussin.

Listen to Founders Podcast
For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Tegus, the only investment research platform built for the investor. With traditional research vendors, the diligence process is slow, fragmented, and expensive. That leaves investors competing on how well they can aggregate data — not on their unique ability to analyze insights and make great investment decisions. Tegus offers an end-to-end platform with all the data you need to get up to speed on a company or market: up-to-the-minute financials, customizable models, management and culture checks, and, of course, our vast and growing library of expert call transcripts. Tegus is changing the world of expert research. Learn more and get your free trial at tegus.com/patrick.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. 
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
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: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:03:38) Dissecting the Dynamics of AI, LLMs, and Market Disruption
(00:05:06) The World of AI Investments and Market Trends
(00:08:13) Integration of New Technologies in Business
(00:15:27) The Power of Increasing Returns and Strategic Investments
(00:22:26) Unpacking the Role of Intangibles in Scaling and Innovation
(00:28:54) Transformative Potential of Open Source and Idea Recombination
(00:34:42) The Complex Landscape of Regulation and Innovation
(00:43:17) Today’s Venture Capital Ecosystem
(00:47:08) Impact of Fewer IPOs and Private Market Dynamics
(00:50:38) Capital Allocation in Zero Interest Rate Environments
(00:54:44) The Evolution of Venture Capital and High-Stakes Investment Games
(00:57:21) Exploring New Frontiers: AI, Energy, and Physical World Innovations
(01:01:14) The Power of Learning by Doing
(01:17:49) Working with Genius
(01:26:47) The Value of Teaching, Writing, and Sharing Knowledge

Bill Gurley & Michael Mauboussin - Putting Theory into Practice - [Invest Like the Best, EP.370]

Golden Harper is a lifelong runner and the founder of Altra Running Shoes. He ran his first marathon at age 10 (3:08:05) and holds the world’s best for a 12-year-old in the marathon at 2:45:34. After growing up working in his family’s running store, he studied Exercise Science (with a focus on running technique & running injuries) at Brigham Young University, where he was an All-American Cross-Country runner. His experience as a runner, combined with his education in proper running technique and biomechanics, led him to develop the world’s first foot-shaped, cushioned, zero-drop shoes. 

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#9 - Joe Lonsdale on Everything

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