#066 – Money of Mine & Free Courses

Good morning everyone,

Hope you’re having a great week!

Let’s jump in.

read online on my website 

read time 3 minutes 

#066 at a Glance:

• Quote: There are so many people...

• Podcast: Mark Bouris x Money of Mine.

• Article: Letter to a friend who just made a lot of money.

• Tool: OpenCourser.

• Tweet: Which books to read.

Quote I’ve been thinking about:

Podcast I listened to:

The Mentor with Mark Bouris #446 – Money of Mine

Money of Mine is Australia’s most popular mining podcast, hosted by (from left to right) Travis Ricciardo, Matt Michael, and Jonas Dorling.

The premise of the show is an ex-undeground miner, an ex-investment banker and an ex-equity research guy break down the mining news of the day.

I’ve been a big fan of the pod for a while now so it was bloody awesome to have them into the studio. Was great meeting them as well – down to earth and hilarious.

The boys flew east from Perth to talk all things mining, building a media business, and monetising a niche audience.

Absolute ripper.

Listen on Spotify or Apple Podcasts.

[Podcast Length: 1 hour 4 minutes]

Article I read:

Letter To A Friend Who Just Made A Lot Of Money 

Another fantastic article by prolific writer and investor, Graham Duncan.

A friend of his successfully exited his business and recently received a large sum of money.

This is the letter he wrote to him.

Some of my favourite takeaways:

• “It’s important to have a background assumption that there’s no hurry. Sit on cash as a default. The stock market could be going vertical right now, it could be plunging. What the market is doing is irrelevant. What your friends are doing is irrelevant.”

• “What you need to do is assess your own credibility and that of potential partners, and then decide how to divide up the decision space over your capital. It’s important to take your own ego out of it and assess your own comparative advantage with clear eyes.”

• “Assessing credibility and building trust is a skill, and it’s learnable. Just like a start-up CEO, who has to hire an engineer or sales person without necessarily being good at that role themselves, you need to get a good hiring process in place.”

Brilliant insights.

Tool I’m using:

OpenCourser

Came across OpenCourser earlier this week.

Essentially, it scours the internet to locate free online courses and then bundles them together in a catalogue-like fashion.

An immensely valuable resource where you can learn virtually anything, for free.

Enjoy.

Tweet I liked:

Thanks for reading! Grateful for your support.

Stay hungry, stay humble, stay curious. ⚡

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