logo
episode-header-image
Mar 2024
1h 5m

#341 Cornelius Vanderbilt (Tycoon's War)

David Senra
About this episode

What I learned from rereading Tycoon's War: How Cornelius Vanderbilt Invaded a Country to Overthrow America's Most Famous Military Adventurer by Stephen Dando-Collins. 

----

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

----

Follow Founders Podcast on YouTube 

----

(0:01) Vanderbilt was only interested in two things: making money and winning

(3:00) Cornelius Vanderbilt, the descendant of poor Dutch immigrants, would die in 1877 possessing more money than was held by the United States treasury.
(3:00) The First Tycoon: The Epic Life of Cornelius Vanderbilt by T.J. Stiles

(5:00) The NEW Poor Charlie's Almanack: The Wit and Wisdom of Charlie Munger. (Founders #329) 

(6:00) “If I had learned education. I would not have had time to learn anything else.”

(7:00) Vanderbilt wrote nothing down, keeping every detail of his business dealings in his head, and at any given time he knew his income and expenditures down to the last cent.

(10:00) From Founders Notes. I asked the chat feature:

Tell me about Cornelius Vanderbilt. How did he make his money?

One trait it identified in Vanderbilt was this:

Vanderbilt's approach to business was often marked by a sly concealment of his intentions, keeping information close while simultaneously gathering intelligence on competitors. This strategic obfuscation allowed him to make moves that others often couldn't predict or comprehend until it was too late

(This feature will be available to Founders Notes subscribers very soon!)

(15:00) The Invisible Billionaire: Daniel Ludwig by Jerry Shields (Founders #292)

(24:00) The Founders: The Story of PayPal and the Entrepreneurs Who Shaped Silicon Valley by Jimmy Soni. (Founders #233) 

(26:00) Gentlemen, you have undertaken to cheat me. I won’t sue you, for the law is too slow. I’ll ruin you. Yours truly, Cornelius Vanderbilt.

(37:00) He's turning everyone against Walker by appealing to their interests. He’s not saying do this for me to get my ships back. He appeals to their interests and aligns their interests with his own.

(40:00) Vanderbilt had more money than all the Central American governments combined.

(41:00) As far as my nature is concerned, I do not meet competition, I destroy competitors.

The 38 Letters from J.D. Rockefeller to His Son by John D. Rockefeller. (Founders #324)

(41:00) Vanderbilt said why don’t you pay me to not compete with you?

----

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

----

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
Feb 2024
MI324: Mastering Money, Words, and Wellness w/ Dickie Bush
In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Dickie Bush, a former BlackRock portfolio manager turned digital entrepreneur. You’ll learn the secrets to Dickie’s success in football, on Wall Street, online as a writer and content creator, and even how he ... Show More
1h 10m
Jul 2024
What Are You Willing to Sacrifice to be Wealthy? with Scott Galloway
Young people these days talk about wanting balance in their lives.  Well according to Scott Galloway, that means you don’t want to be rich. Building wealth is no easy feat. It requires determination, hard work and sacrifice. But luck plays a huge role too. Scott shares stories wi ... Show More
44m 52s
Jun 2024
TIP639: Buffett's Favorite Business Book w/ David Fagan
On today’s episode, Clay is joined by David Fagan to discuss Don Keough’s book, The Ten Commandments of Business Failure.  Don Keough was the President and COO of Coca-Cola. During Keough’s and Roberto Goizueta’s leadership, Coca-Cola’s stock compounded at 27% per annum from 1981 ... Show More
1h 6m
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
May 2024
The Algebra of Wealth - Scott Galloway
Scott Galloway, serial entrepreneur, NYU professor, and author of "The Algebra of Wealth," shares his hard-won insights on building lasting, meaningful wealth as a founder. Scott and Dan discuss the key components of his wealth-building philosophy: focus, stoicism, time, and dive ... Show More
1h 28m
May 2024
#78 - Decoding Billion-Dollar Success: Timeless principles.
Welcome to another episode of the Natural Born Leader Podcast! Last night, I stumbled upon an eye-opening podcast featuring a seasoned entrepreneur who's seen it all, from PayPal to Palantir. What struck me the most? Despite his brilliance, building billion-dollar companies ... Show More
3m 8s
Jul 8
You're Wasting Your Life for FAKE MONEY: THE US DOLLAR IS A LIE - DATASETS 👽
In this podcast episode, Luke Belmar & Colin Yurcisin delve into the history and current state of the monetary system, discussing the role of debt, the removal of the gold standard, and the introduction of central bank digital currencies. They critique the banking system and the ... Show More
16m 51s
Jun 2024
688: How VC Shapes Startups (with Benjamin Shestakofsky)
Welcome to an interview with the author of Behind the Startup: How Venture Capital Shapes Work, Innovation, and Inequality, Benjamin Shestakofsky. This book draws on nineteen months of participant-observation research inside a successful Silicon Valley startup, and examines how t ... Show More
49m 10s
Jun 2024
Wealth and Money Are Two Different Things
I wanted to be rich so bad for my entire life. In high school, I watched Wall Street with Michael Douglas and Charlie Sheen. It was supposed to be a cautionary tale but I saw it as inspiration. I wanted to be Gordon Gecko, the crazy high risk Wall Street trader. When I was 17, I ... Show More
10m 17s
Jun 2024
“Jesus Was An Alien” - Ancient Texts, Pyramids, Trump’s Uncle & Nikola Tesla | Billy Carson | EP 426
Patrick Bet-David sits down with Billy Carson, founder of 4BiddenKnowledge! Billy Carson is an American entrepreneur, best known as the founder and CEO of 4BiddenKnowledge Inc, where he investigates ancient civilizations, extraterrestrial life, and conspiracy theories, making him ... Show More
2h 3m