logo
episode-header-image
Jan 2022
1h 34m

#229 Sidney Harman (Founder of Harman Ka...

David Senra
About this episode

What I learned from reading Mind Your Own Business: A Maverick's Guide to Business, Leadership and Life by Sidney Harman

----

Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com

----

[3:46] Foxes and Hedgehogs

[7:17] The thing with Hedgehogs is that they never give up. They keep at it – and they don’t ever get bored because they just love what they do – and they have a lot of fun along the way.

[8:27] In the Company of Giants: Candid Conversations With the Visionaries of the Digital World

[9:38] “The essence of commitment is making a decision. The Latin root for decision is to ‘cut away from,’ as in an incision. When you commit to something, you are cutting away all your other possibilities, all your other options”  From the book The Lombardi Rules: 26 Lessons from Vince Lombardi—The World's Greatest Coach

[11:16] The New New Thing: A Silicon Valley Story by Michael Lewis

[13:12] I regard myself as guardian of the company’s soul.

[15:05] Steve Jobs liked to say the Beatles were his management model—four guys who kept each other in check and produced something great.

[15:50] Avoid recklessness, encourage daring.

[18:08] His main point here is the fact that he started the company in defiance of conventional wisdom

[24:08] Bloomberg by Bloomberg

[26:16] I believe that refusing to accept business orthodoxy uncritically can open your eyes to opportunity.

[34:56] We were free to follow our best instincts. We were free to bring totally new thinking to what we were doing.

[38:44] Treat hard work and your smarts respectfully, but recognize that they are neither decisive nor do they guarantee anything. Most of all, I told myself, don’t underestimate determination and persistence, and never quit.

[40:25] Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys

[41:51] I loved building a business. What could be better? The products were wonderful. They employed technology wisely. They made beautiful music. My instinct for marketing—for selling, for emotive advertising—was not only indulged, but rewarded.

[43:00] Mavericks do not play well with others.

[55:12] It did not require a genius to recognize that I was looking at the future.

[58:34] Reducing business matters to their essence, whittling away that which obscures or is unnecessary, has served me well. I admire greatly those who practice the art.

[59:48] A company requires an articulated mission, a philosophical base, a moral compass, critical judgment, and the realization that it is a dynamic, living instrument populated by complex human beings.

[1:05:05] The best leaders are catalysts who prompt others to reach beyond their most natural abilities to find something they had previously thought beyond their reach.

[1:18:03] I have found that by insisting on simple explanations, the mystery disappears and with it most of the nonsense.

[1:23:12] It is vital that everyone know what business he is in.

[1:28:23] Opportunity can be attacked with enthusiasm.

[1:30:01] The person who invests in writing, who exercises the discipline to do it well, and who uses it frequently, will possess a matchless instrument for discovery, clarity, and persuasion.

----

Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com

----

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

Up next
Jul 3
#393 The Marketing Genius of the Michelin Brothers
Your family asks you to take over a failing factory in a remote part of France. This “family business” comes with a stack of unpaid bills, a small team of workers who haven’t been paid in months, and a banker refusing to extend any more credit. You cut every unprofitable product ... Show More
55m 7s
Jun 23
#392 Michele Ferrero and His $40 Billion Privately Owned Chocolate Empire
You take over the family pastry shop and transform it into one of the most valuable privately held businesses in the world. Your father dies young. Your uncle does too. Everyone is relying on you and this keeps you up at night. You insist on differentiation and refuse to make me ... Show More
55m 10s
Jun 13
#391 Jimmy Iovine
You grow up in a rough neighborhood in Brooklyn. You drop out of college. Your dad is your best friend but you don’t want to work the docks like him. You’re determined to “do something special.” You get a job sweeping the floor at recording studio. You get fired—twice. You’ll do ... Show More
57m 20s
Recommended Episodes
May 2024
TIP630: The Wealthy Gardener w/ Kyle Grieve
On today’s episode, Kyle Grieve discusses the book The Wealthy Gardener. He covers a variety of wealth topics like how to optimize your time to generate wealth, why it’s so important to avoid wage slavery, why you should embrace challenges to live a more fulfilling life, why we m ... Show More
57m 54s
Mar 2024
249. Codie Sanchez — Maximizing Income: Strategies for Achieving Financial Freedom
Can calculated decisions lead to true financial freedom, or is it all just wishful thinking? Prepare to discover how one entrepreneur turned a series of sound yet lucrative investments into a multimillion-dollar empire. Meet Codie Sanchez, a finance maven who's on a mission to cr ... Show More
41m 56s
Dec 2023
Doug Leone - Lessons from a Titan - [Invest Like the Best, REPLAY]
This week we are replaying our episode with Doug Leone. Doug led one of the world’s most successful venture firms, Sequoia, for over 25 years after he was given responsibility for the firm by its founder, Don Valentine, in 1996. Alongside Mike Moritz, the pair managed its expansi ... Show More
1h 9m
Jun 2024
Lessons from a two-time unicorn builder, 50-time startup advisor, and 20-time company board member | Uri Levine (co-founder of Waze)
Uri Levine is the co-founder of Waze, the world’s largest community-based traffic and navigation app, acquired by Google for over $1 billion. He’s also founded nine other companies, been on the board of 20 companies, and advised more than 50 companies. He’s most recently the auth ... Show More
1h 22m
Jun 2024
RWH046: A New Golden Age w/ Bob Robotti
In this episode, William Green chats with Bob Robotti, a great investor who’s crushed the S&P 500 over the last 40 years. Bob, the President & Chief Investment Officer of Robotti & Co, explains why he believes we’re in a “new golden age” for active, value-oriented investors (not ... Show More
2h 2m
May 2020
100. 100 Episodes - 1 Big Insight
It is amazing to realize that we have been together now for 100 episodes and that by the time this comes out there will be more than 180,000 downloads in over 150 countries. It is a significant understatement to say that the podcast has far exceeded my expectations for what it co ... Show More
31m 15s
May 2020
#96 – Stephen Schwarzman: Going Big in Business, Investing, and AI
Stephen Schwarzman is the CEO and Co-Founder of Blackstone, one of the world’s leading investment firms with over 530 billion dollars of assets under management. He is one of the most successful business leaders in history, all from humble beginnings back in Philly. I recommend h ... Show More
1h 10m
Apr 2024
The Realities of Retiring Early
The point of money is to make life easier. To give you security, comfort, and the ability to do the things that make you happy.So if you’ve made enough to take care of that for life, you can just stop making more… right?Retiring early is a dream for many, but what happens when yo ... Show More
39m 13s
May 2024
#742: Tony Robbins and Jerry Colonna
This episode is a two-for-one, and that’s because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I’ve curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more ... Show More
2h 10m
Sep 2023
How Anyone Can Become a Great Public Speaker w/ Keith Ferrazzi | EP #65
In this episode, Peter and Keith discuss the art and business of public speaking. Keith Ferrazzi, a renowned executive coach and speaker, shares his insights on building a successful speaking career.  15:33 | Transforming Lives Through Speaking 31:11 | Get Good at Speaking Quickl ... Show More
1h 25m