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2795: Success by Exhaustion by Nick Maggiulli of Of Dollars and Data on How to Build Wealth
Manage episode 428786848 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2795:
Nick Maggiulli highlights how IBM's legal team, Cravath, Swain, & Moore LLP, defended against antitrust charges through sheer tenacity and exhaustive effort, demonstrating that success can be achieved by outworking opponents. This brute force approach extends to various domains, including finance, where strategies like indexing and high savings rates can lead to financial stability regardless of market conditions.
Read along with the original article(s) here: https://ofdollarsanddata.com/success-by-exhaustion/
Quotes to ponder:
"They buried us in paper. They produced reams of paper in futile endeavors. We stacked up the paper - it was five or six feet tall!"
"The majority of (actual) wars have not been won with strategy, bravery, training, or superior equipment, but brute force."
"If you think about it, indexing is a brute force solution to the problem of picking stocks."
Episode references:
What It Takes: https://www.amazon.com/What-Takes-Secrets-Greatest-Professional/dp/1118517725
Learn more about your ad choices. Visit megaphone.fm/adchoices
3670 episodes
2795: Success by Exhaustion by Nick Maggiulli of Of Dollars and Data on How to Build Wealth
Optimal Finance Daily - Financial Independence & Money Advice
Manage episode 428786848 series 2394769
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.
Episode 2795:
Nick Maggiulli highlights how IBM's legal team, Cravath, Swain, & Moore LLP, defended against antitrust charges through sheer tenacity and exhaustive effort, demonstrating that success can be achieved by outworking opponents. This brute force approach extends to various domains, including finance, where strategies like indexing and high savings rates can lead to financial stability regardless of market conditions.
Read along with the original article(s) here: https://ofdollarsanddata.com/success-by-exhaustion/
Quotes to ponder:
"They buried us in paper. They produced reams of paper in futile endeavors. We stacked up the paper - it was five or six feet tall!"
"The majority of (actual) wars have not been won with strategy, bravery, training, or superior equipment, but brute force."
"If you think about it, indexing is a brute force solution to the problem of picking stocks."
Episode references:
What It Takes: https://www.amazon.com/What-Takes-Secrets-Greatest-Professional/dp/1118517725
Learn more about your ad choices. Visit megaphone.fm/adchoices
3670 episodes
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