🇺🇸 United States Episodes

The role of communication in helping businesses to adapt and transform.

My guest today is Ernie Garcia, co-founder and CEO of online used car platform, Carvana. Ernie launched Carvana in 2012, and less than a decade later, the business commands a $60 billion valuation while selling a used car every other minute.   Our conversation covered a lot of ground. We discussed effective decision-making, what it means to be a long-term thinker, and what Ernie sees as the defining features of attractive markets. We then went deep on Carvana itself, covering the original insight, logistics operations, and counter-intuitive decisions Carvana took as they set about building the brand. I think you’ll find Ernie’s insights and energy infectious. I hope you enjoy this great conversation with Carvana CEO, Ernie Garcia.   For the full show notes, transcript, and links to mentioned content, check out the episode page here. -----   This episode is brought to you by SnackMagic. SnackMagic is the only 100% customizable snack and swag service that allows recipients to build their own snack stash. Whether you want to thank your global team, need goodie bags for your upcoming hybrid event or want to stock your office pantry, the menu of over 1,000 types of snacks and sips covers just about every preference. To learn more and get 10% off your first order with code Patrick at snackmagic.com/patrick.   -----   This episode is brought to you by Vanta. Vanta has built software that makes it easier to get and maintain your SOC 2, HIPAA or ISO 27001 reports at a fraction of the typical cost. Founder’s Field Guide listeners can redeem a $1k off coupon at vanta.com/patrick.    -----   Founder's Field Guide is a property of Colossus, Inc. For more episodes of Founder's Field Guide, visit joincolossus.com/episodes.   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   Show Notes [00:03:10] - [First question] - Defining average decision quality and he weaves it into his business [00:05:40] - How he would assess average decision quality in another company [00:07:04] - What company culture means to him and building it at Carvana [00:08:45] - Key features of a market that is desirable to step into as an entrepreneur [00:10:06] - Various levels of complexity faced in automotive retail [00:13:51] - Reality Has A Surprising Amount Of Detail; The genesis idea that led to Carvana [00:17:52] - Critically new things delivered to customers when buying a used car [00:20:43] - Dealership unit economics vs logistics platform economics and what drives gross profit per unit [00:24:47] - What is an IRC center, the hub and spoke model, and the skeleton of Carvana [00:28:44] - The size and scope of one of their fulfillment centers and cost savings involved [00:30:29] - How the spoke component works and ways it will be improved over time [00:32:39] - Defining what being a long term thinker means to him [00:35:50] - The story behind the Carvana car vending machine [00:39:49] - His thinking on the dual-layer nature of customer experience and communication [00:41:59] - Mistakes and failures made while learning to become good communicators [00:44:21] - Great companies get a lot done very fast [00:48:56] - Infrastructure set in place to maintain their pace as they scale  [00:51:50] - The embedded formula used for teams to communicate what they want to do [00:52:50] - What it felt like as a leader going through the pandemic [00:58:24] - Whether or not COVID-19 has permanently impacted the consumer landscape [01:00:03] - Businesses, leaders, and things he’s studied that others could learn from [01:01:55] - Surprising new things arising in the automotive and transport industries [01:05:23] - The kindest thing anyone has ever done for him

Rich Diviney is a retired Navy SEAL Commander and an author. The Navy Seals are one of the most hardened military groups in the world. During 13 tours and over a decade of service, Rich researched and tested his favourite ways to improve and enhance the mental and physical performance of himself and his unit. Expect to learn how to immediately move your system from a sympathetic to parasympathetic state, why optimal performance is preferable to peak performance, why understanding the relationship between skills and attributes is crucial, how to cope with fear and much more... Extra Stuff: Buy The Attributes - https://amzn.to/3l9vqoM Check out Rich's site - https://theattributes.com/  Get my free Ultimate Life Hacks List to 10x your daily productivity → https://chriswillx.com/lifehacks/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact Learn more about your ad choices. Visit megaphone.fm/adchoices

We live in a call-out culture, says activist and scholar Loretta J. Ross. You’re probably familiar with it: the public shaming and blaming, on social media and in real life, of people who may have done wrong and are being held accountable. In this bold, actionable talk, Ross gives us a toolkit for starting productive conversations instead of fights -- what she calls a “call-in culture” -- and shares strategies that help challenge wrongdoing while still creating space for growth, forgiveness and maybe even an unexpected friend. “Fighting hate should be fun,” Ross says. “It’s being a hater that sucks.”Learn more about our flagship conference happening this April at attend.ted.com/podcast Hosted on Acast. See acast.com/privacy for more information.

Chad Mendes is a retired UFC Featherweight fighter, avid hunter, and owner of the outdoor guide service Finz and Featherz. Learn more about your ad choices. Visit podcastchoices.com/adchoices

In this episode Sam (@theSamParr) and Shaan (@ShaanVP) are joined by solo capitalist Brianne Kimmel (@briannekimmel). They talk about how Bri got started in investing, the pros and cons of her busy schedule, and discuss some of the unicorns she's invested in. They also discuss a cool use of deepfakes, how VCs make money, and whether or not college is worth the price of admission. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas. --------- Show notes: * (1:00) Intro * (2:25) The Shake Up - a new podcast on the HubSpot Podcast Network * (6:52) GPT-3 and Anthony Bourdain * (11:40) A cool use of deepfakes * (13:31) Meet Brianne Kimmel * (16:14) Bri's crazy schedule * (21:39) How VCs make money * (37:33) Hot spaces Bri sees * (40:54) Is higher education worth it? * (50:31) Winners Bri sees in her portfolio

From a January 25, 2001 Oprah Winfrey Show: Tara Bennett-Goleman, author of "Emotional Alchemy," counsels panelists on their different emotional styles and gives them each tips on how to better control their emotions to improve their lives.

Chris Duffin is a strength athlete, coach, and engineer, setting multiple strength world records including squatting and deadlifting 1000 lbs for multiple reps. Please support this podcast by checking out our sponsors: – Headspace: https://headspace.com/lex to get free 1 month trial – Magic Spoon: https://magicspoon.com/lex and use code LEX to get $5 off – Sun Basket: https://sunbasket.com/lex and use code LEX to get $35 off – Ladder: https://ladderlife.com/lex EPISODE LINKS: Chris’s Instagram: https://www.instagram.com/mad_scientist_duffin The Eagle and the Dragon (book): https://amzn.to/3Ckpfoj Chris’s Website: https://christopherduffin.com Kabuki Strength: https://kabukistrength.com PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: – Check out the sponsors above, it’s the best way to support this podcast – Support on Patreon: https://www.patreon.com/lexfridman – Twitter: https://twitter.com/lexfridman – Instagram: https://www.instagram.com/lexfridman – LinkedIn: https://www.linkedin.com/in/lexfridman – Facebook: https://www.facebook.com/lexfridman – Medium: https://medium.com/@lexfridman OUTLINE: Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) – Introduction (07:10) – Performing feats of strength (13:52) – What does it take to lift 1000 lbs for reps? (16:43) – From 500 to 1000lb (17:15) – The mechanics of heavy lifting (28:32) – What did it feel like to do 1000lbs for reps? (30:26) – Achieving peak performance (35:16) – Importance of singular focus (37:48) – Chris’s childhood (50:37) – The Eagle and the Dragon: A Story of Strength and Reinvention (58:21) – Lex on business (1:04:52) – The Disciplines of Strength (1:09:33) – Powerlifting (1:22:37) – Role of strength in MMA, BJJ… and baseball (1:32:38) – What is Kabuki Strength? (1:38:55) – Equipment (1:50:09) – The importance of strong feet (1:59:15) – Chris’s diet (2:05:37) – Lex on moderation in food (2:06:11) – Steroids and PED’s (2:24:14) – Whiskey and deadlifts (2:33:03) – Is it better to work hard or smart? (2:41:52) – Advice for young people (2:45:02) – Fear of death

Yeonmi Park is a North Korean Human Rights Activist, and author of “In Order To Live: a North Korean Girl's Journey to Freedom.” Learn more about your ad choices. Visit podcastchoices.com/adchoices

As COVID-19 spread, BioNTech cofounders Uğur Şahin and Özlem Türeci had one goal: to make a safe, effective vaccine faster than ever before. In this illuminating conversation with head of TED Chris Anderson, the immunologists (and married couple) share the fascinating story of how their decades of mRNA research powered the Pfizer-BioNTech vaccine -- and forecast what this breakthrough science could mean for the future of vaccines and other immunotherapy treatments.Learn more about our flagship conference happening this April at attend.ted.com/podcast Hosted on Acast. See acast.com/privacy for more information.

Shelly McNamara, head of equality and inclusion at Procter & Gamble, knows just how valuable it is to work at an inclusive company. Back in 2012, as a VP at P&G, she came out publicly as LGBTQ, and she's since worked tirelessly to ensure that the organization is not only diverse but also a place where all employees feel like they can be their authentic selves. After more than a year of pandemic and political and racial tensions in the U.S. and other parts of the world, these issues have become even more critical for businesses to address, and McNamara points to specific DEI strategies that have proven effective in a variety of corporate environments. McNamara is the author of the book "No Blanks, No Pauses: A Path to Loving Self and Others."

My guest today is Karen Karniol-Tambour, Partner and Co-CIO for Sustainability at Bridgewater Associates. You will quickly understand why Ray Dalio described Karen as a “vacuum cleaner of learning” - our conversation covered a variety of market themes, and Karen goes deep on each of them. We touch on inflation, monetary policy, currencies, retail investors, ESG, and how each of these levers has become more important for investors to understand. Karen has a rare skill for making complex ideas seem simple, and I love the frameworks she uses to deconstruct big, important issues. She does such a good job of explaining what’s changed, why it matters, and what to do about it. I hope you enjoy my great conversation with Karen Karniol-Tambour.   For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ------ Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.    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   Show Notes [00:03:39] - [First question] - How Bridgewater invests and the experiences that led her there [00:06:47] - What working with Daniel Kahneman felt like and learning his perspective [00:08:09] - An example of holding herself to accumulating and stress testing data [00:10:17] - Important variables to consider when seeking returns in large-scale bets [00:14:18] - What we should be thinking about in terms of inflation as we look to the future [00:20:07] - How she thinks about inflation and how she defines it [00:22:57] - Relevant asset classes that can protect or help diversify against inflation [00:26:14] - What still largely confuses her about inflation and its many facets [00:28:05] - Her philosophy and model for understanding the system of currency [00:33:21] - How investors should think about the US dollar  [00:35:50] - Whether or not owning an unhedged global equity index gives you currency exposure [00:37:07] - The fundamental nature of equity markets and household balance sheets [00:41:37] - Ways the growing wave of retail investors will impact prices and returns  [00:43:53] - How she’s evolved her valuation approach given our new investor landscape [00:45:43] - The good and bad roles ESG might play for investors going forward [00:50:36] - Potential concerns around the growing trend of ESG writ large [00:53:51] - Thoughts on the 60/40 portfolio and whether or not it’s still worth using [00:55:32] - Designing a default diversified portfolio in light of markets today [00:57:45] - Aspects of the global market economy today people should be talking about more [01:01:15] - Ways she investigates a new topic and how it has evolved over time [01:04:14] - Variables that matter in investment teams and company cultures [01:06:53] - How she would approach cryptocurrency and what’s interesting about them [01:09:08] - A rosey and gloomy take of what the world could look like in a decade [01:12:37] - The kindest thing that anyone has ever done for her

Coming to us from 60 years in the future, legendary sci-fi writer Kim Stanley Robinson tells the “history” of how humanity ended the climate crisis and restored the damage done to Earth’s biosphere. A rousing vision of how we might unite to overcome the greatest challenge of our time.Learn more about our flagship conference happening this April at attend.ted.com/podcast Hosted on Acast. See acast.com/privacy for more information.

Robert Plomin, is a psychologist, geneticist and an author. Separating the influence of nature and nurture is something everyone considers. Robert is the 71st most cited psychologist of the 20th century and has run the largest and most clinically detailed twin and adoption studies in history to finally provide definitive answers to these fundamental questions. Expect to learn how much of who we are can be attributed to our environment and how much was predisposed by our genetics, why parenting doesn't make a difference, why the choice of school your child goes to only impacts 1% of their outcomes, whether penis size is heritable, if there is a gay gene or not and much more... Sponsors: Get 20% discount on Reebok’s entire range including the amazing Nano X1 at https://geni.us/modernwisdom (use code MW20) Get 10% discount on your first month from BetterHelp at https://betterhelp.com/modernwisdom (discount automatically applied) Extra Stuff: Buy Blueprint - https://amzn.to/3f2OYYk Get my free Ultimate Life Hacks List to 10x your daily productivity → https://chriswillx.com/lifehacks/ To support me on Patreon (thank you): https://www.patreon.com/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, my guest is Dr. Matt Walker, Ph.D., Professor of Neuroscience and Psychology and the Founder & Director of the Center for Human Sleep Science at the University of California, Berkeley. He is also the author of the international best-selling book Why We Sleep and the host of "The Matt Walker Podcast." We discuss the biology of sleep, including its various stages and what specifically happens to those stages when we don't get enough sleep. We also discuss the effects of sunlight, caffeine, alcohol, naps, hormones, exercise, marijuana, sexual activity, and various supplements on sleep. The episode consists of both basic science information and many science-supported actionable tools.  Read the full show notes for this episode at hubermanlab.com. Thank you to our sponsors AG1: https://athleticgreens.com/huberman LMNT: https://drinklmnt.com/hubermanlab Waking Up: https://wakingup.com/huberman Momentous: https://livemomentous.com/huberman Timestamps 00:00:00 Introducing Dr. Matt Walker   00:02:16 Sponsors: AG1, LMNT & Waking Up 00:06:00 What Is Sleep?   00:10:20 REM (Rapid Eye Movement) aka 'Paradoxical Sleep'   00:16:15 Slow Wave Sleep aka 'Deep Sleep'   00:24:00 Compensating For Lost Sleep   00:32:20 Waking in the Middle Of The Night   00:39:48 Uberman (Not Huberman!) Sleep Schedule   00:42:48 Viewing Morning Sunlight   00:49:20 Caffeine   01:07:54 Alcohol   01:14:30 Growth Hormone & Testosterone   01:16:14 Emotions, Mental Health & Longevity   01:20:40 Books vs. Podcasts   01:21:20 Lunchtime Alcohol   01:25:00 Marijuana/CBD   01:36:00 Melatonin   01:54:14 Magnesium   01:58:10 Valerian, Kiwi, Tart Cherry, Apigenin   02:15:00 Tryptophan & Serotonin   02:19:24 Naps & Non-Sleep-Deep-Rest (NSDR)   02:28:23 Is It Possible To Get Too Much Sleep?   02:34:35 Sex, Orgasm, Masturbation, Oxytocin, Relationships   02:47:30 Unconventional Yet Powerful Sleep Tips   02:59:10 Connecting to & Learning More from Dr. Walker   03:04:42 The New Dr. Matt Walker Podcast, Reviews & Support   Disclaimer & Disclosures Learn more about your ad choices. Visit megaphone.fm/adchoices

We’re surprised and delighted this fine Monday… by Mr. J.J. Abrams. This wildly creative filmmaker and musician gives us an hour inside his brain. We’re humbled by his request to audition for SmartLess advertising reads, we’re warned not to go down the rabbit-hole of modular synthesis, and we learn the genesis of the term “blockbuster.” All of this while Sean wears his Tatooine hat to impress J.J. (who doesn’t even notice).

Do you like these mini episodes? Tweet your feedback to Shaan (@ShaanVP) & get more short stories like this on his newsletter www.shaanpuri.com. --------- * Want to be featured in a future episode? Drop your question/comment/criticism/love here: https://www.mfmpod.com/p/hotline/ * Support the pod by spreading the word, become a referrer here: https://refer.fm/million * Have you joined our private Facebook group yet? Go to https://www.facebook.com/groups/ourfirstmillion and join thousands of other entrepreneurs and founders scheming up ideas.

Also: how do awards affect motivation?

Jessimae Peluso is a standup comedian and television personality. She's the host of "Tattoo Redo" on Netflix, and the "Sharp Tongue" podcast. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ishan Misra is a research scientist at FAIR working on self-supervised visual learning. Please support this podcast by checking out our sponsors: – Onnit: https://lexfridman.com/onnit to get up to 10% off – The Information: https://theinformation.com/lex to get 75% off first month – Grammarly: https://grammarly.com/lex to get 20% off premium – Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil EPISODE LINKS: Ishan’s twitter: https://twitter.com/imisra_ Ishan’s website: https://imisra.github.io Ishan’s FAIR page: https://ai.facebook.com/people/ishan-misra/ PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: – Check out the sponsors above, it’s the best way to support this podcast – Support on Patreon: https://www.patreon.com/lexfridman – Twitter: https://twitter.com/lexfridman – Instagram: https://www.instagram.com/lexfridman – LinkedIn: https://www.linkedin.com/in/lexfridman – Facebook: https://www.facebook.com/lexfridman – Medium: https://medium.com/@lexfridman OUTLINE: Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time. (00:00) – Introduction (07:49) – Self-supervised learning (16:24) – Self-supervised learning is the dark matter of intelligence (20:17) – Categorization (28:50) – Is computer vision still really hard? (32:35) – Understanding Language (42:14) – Harder to solve: vision or language (48:59) – Contrastive learning & energy-based models (52:59) – Data augmentation (57:19) – Fixed audio spike by lowering sound with pen tool (1:05:33) – Real data vs. augmented data (1:09:16) – Non-contrastive learning energy based self supervised learning methods (1:12:54) – Unsupervised learning (SwAV) (1:15:37) – Self-supervised Pretraining (SEER) (1:20:44) – Self-supervised learning (SSL) architectures (1:26:43) – VISSL pytorch-based SSL library (1:29:38) – Multi-modal (1:37:06) – Active learning (1:42:45) – Autonomous driving (1:54:12) – Limits of deep learning (1:58:19) – Difference between learning and reasoning (2:03:26) – Building super-human AI (2:11:14) – Most beautiful idea in self-supervised learning (2:15:02) – Simulation for training AI (2:18:27) – Video games replacing reality (2:19:40) – How to write a good research paper (2:24:08) – Best programming language for beginners (2:25:01) – PyTorch vs TensorFlow (2:28:26) – Advice for getting into machine learning (2:30:31) – Advice for young people (2:32:58) – Meaning of life