Business Book Club

Who is Charlie Munger? Warren Buffett called him "our generation's Benjamin Franklin." Bill Gates hailed him as "one of the sharpest minds in business."
As Buffett's right hand at Berkshire Hathaway for 45 years, Munger helped achieve staggering 19.8% annual returns—double what the S&P 500 achieved in the same period.
In this episode, we dive into his legacy: Poor Charlie's Almanack.
Joining me is Alex Melia, founder of Swoosh English, to unpack the wit and wisdom of the man who popularized "mental models" and the art of "sit on your ass investing."
We discuss why patience is the ultimate competitive advantage, how to avoid "charismatic" fraudsters, and why the best way to get what you want in life is to deserve what you want.
Key Takeaways & Timestamps
00:00 – Introducing Charlie Munger and his impact on modern investing.
02:53 – Patience + Discipline = Success: Why the big money is not in the buying and selling, but in the waiting.
03:43 – "Sit On Your Ass Investing": Alex explains how Munger’s contrarian approach helps him weather business storms (like losing US contracts overnight).
06:57 – The Crypto Trap: Alex shares his personal story of ignoring Munger’s advice, following the herd into crypto, and learning a hard lesson about "fads."
10:41 – Be a Lifelong Learner: Why Munger, at age 99, was still the most curious person in the room (and why he asked more questions than he answered).
14:35 – The Multidisciplinary Approach: How reading outside your field (e.g., Range) gives you a competitive edge.
17:27 – Reputation & Trust: "It takes 20 years to build a reputation and five minutes to ruin it."
20:15 – The Red Flag Story: Alex reveals how he lost a fortune to a "charismatic" partner because he ignored the red flags of integrity.
Get the book here
📚 Poor Charlie's Almanack by Charlie Munger
Mentioned in the episode
Stripe Press Edition: The accessible, beautifully designed edition Alex recommends over the vintage copies.
Range by David Epstein: The perfect companion read for applying the "Generalist" strategy.
Berkshire Hathaway Shareholder Letters: Decades of free wisdom and the raw data for "sit on your ass investing."
Swoosh English: Alex's platform helping medical professionals pass high-stakes English exams.

Alex Melia, Founder of Swoosh English
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Most founders treat business decisions like chess, assuming that if they make the right move, they'll get the right outcome. But business isn't chess; it's poker.
You can make the perfect decision and still lose. You can make a terrible decision and get lucky.
Joining me to unpack this superb book is Jordan Staab, CEO of BetterFinances.org. Jordan is a serial entrepreneur who has raised over $200 million for VCs and led ventures worth over $30 million.
In this episode, Jordan explains how to separate your results from your decision quality, why saying "I'm 100% sure" is destroying your strategy, and how to build a truth-seeking inner circle to vet your bets.
Key Takeaways & Timestamps
00:00 – Thinking in Bets - why business is like poker, not chess
02:13 – Separate Outcome from Decision: Why a good outcome doesn't mean you made a good decision (and vice versa).
04:20 – The 50/80 Rule: How much data do you need before acting? Jordan explains his framework for balancing speed vs. confidence.
05:46 – The "iPhone Fingerprint" Analogy: Why you never have perfect information and how to gather just enough data to map the problem.
06:40 – Think in Probabilities, Not Absolutes: Jordan shares the "80% Question" he asks his team when creating financial projections.
09:24 – Climbing the Wrong Mountain: How to use decision trees to avoid backing your business into a corner.
11:27 – Standardize Your Decision Process: Why a problem well-defined is half-solved, and how to create a simple template for evaluating new ideas.
14:39 – Resulting is a Trap: The danger of judging the quality of a decision solely by its outcome (e.g., winning with a 7-2 offsuit in poker).
19:17 – The "Weddings & Funerals" Knowledge Gap: Why you need a truth-seeking inner circle to sanity-check your decisions in areas where you lack expertise.
Get the book here
📚 Thinking in Bets by Annie Duke
Mentioned in the episode
BetterFinances.org: Jordan’s financial literacy platform.
Amazon’s PR/FAQ: A famous example of a standardized decision-making document.

Jordan Staab, CEO of BetterFinances.org
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Do you know anything about James Couzens or Roy Disney? Probably not. But you know their partners: Henry Ford and Walt Disney.
Walt Disney dreamed up the characters; Roy made the numbers work. Henry Ford revolutionized the car industry; James Couzens implemented the systems to scale it.
This is the core concept of Rocket Fuel: The relationship between a Visionary (the dreamer) and an Integrator (the executor). When this duo works, it is rocket fuel for a business. When it doesn’t, it’s chaos.
Joining me to unpack this is Jodie Imam, Co-founder and CEO of Tractor Ventures. Jodie explains how reading this book saved her working relationship with her co-founder, why they changed their job titles because of it, and how implementing the "Level 10 Meeting" completely transformed their team's culture and performance.
Key Takeaways & Timestamps
00:00 – Introducing Rocket Fuel and the concept of the Visionary/Integrator duo.
02:28 – Know Your Strengths: Why Jodie and her co-founder were stepping on each other's toes until they realized one was a Visionary and one was an Integrator.
04:44 – The Visionary/Integrator Test: How taking the official assessment brought clarity to their roles.
05:59 – Changing Titles: Why Jodie became "CEO" and her co-founder became "Head of Capital" to reflect their actual zones of genius—and why the team applauded the move.
07:43 – Structure Creates Flexibility (The 90-Day Scorecard): How giving every employee a single key metric enabled a 4-day workweek and flexible hours without sacrificing performance.
13:14 – The Level 10 Meeting: The 90-minute weekly meeting agenda that builds trust and solves problems before they hit the P&L.
16:12 – Rating the Meeting: Why every meeting must end with a rating out of 10 (and why you aren't allowed to choose "7").
22:16 – Tractor Ventures: Jodie explains their unique "non-dilutive" funding model for founders who want to build "tractors," not just "rockets."
Get the book here
📚 Rocket Fuel by Gino Wickman & Mark C. Winters
Mentioned in the episode
Tractor Ventures: Jodie’s alternative funding firm for founders.
Visionary/Integrator Assessment: The official test mentioned in the book.
EOS (Entrepreneurial Operating System): The broader system Rocket Fuel is part of.

Jodie Imam, Co-Founder & CEO of Tractor Ventures
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Unlike most business books, How to Get Rich doesn't sugarcoat the sacrifices, the ego, or the sheer obsession required to build wealth.
The late Felix Dennis—founder of Maxim magazine was one of Britain's richest self-made men. As he wrote How to Get Rich, he sat on a goldmine of hard-won lessons. He explains how wealth is really made and why most people will never do what it takes.
Joining me to unpack this unfiltered playbook is Alex Bodini, CEO and co-founder of Spin Group. Alex has built a global social media agency of 80+ people while launching multiple ventures like Acid Running and Janji Europe. For Alex, it’s never been about perfection but about momentum, learning, and loving the ride.
Key Takeaways & Timestamps
00:00 – Introducing How to Get Rich by Felix Dennis.
02:40 – Don't Listen to Jeremiahs: Why "wantrepreneurs" project their fears onto you.
06:40 – The Information Diet
09:23 – "Overhead Walks on Two Legs”: The dangerous trap of hiring too fast and buying fancy offices.
12:28 – Rules of Thumb: The "7% Rule”.
13:56 – Diversify Your Baskets (After Success):
15:21 – The Regret Minimization Framework: How to make decisions today that your 80-year-old self will thank you for.
Get the book here
📚How to Get Rich by Felix Dennis
Mentioned in the episode
Spin Group: Alex’s Social Media Agency
Acid Running: One of Alex’s side ventures
Janji Europe: Another venture in Alex’s portfolio

Alex Bodini, Co-Founder of Spin Group
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If there is a Bible for Silicon Valley CEOs, it is High Output Management by Andy Grove.
Though this isn't just a book—it is the operating system that helped Intel scale to become the world's largest semiconductor manufacturer. It is the framework used by leaders at Apple, Facebook, and Google. But does a book written about a chip manufacturer in the 80s actually apply to modern creative businesses?
To find out, I’m sitting down with my co-founder at Fascinate Productions, Rich Willan. Rich is obsessive about systems. He turned our creative workflows into a well-oiled machine, and he credits this book with changing how he leads.
Key Takeaways & Timestamps
00:00 – Introducing High Output Management by Andy Grove.
01:48 – The Breakfast Factory: Why everything—even creative work—is a process.
05:39 – The "Podcast OS": Rich reveals the system he built to produce the Zoe Science & Nutrition show
10:05 – Systemizing Personal Life: How Rich uses SOPs (Standard Operating Procedures) to book holidays and avoid "desert madness."
11:32 – Task Relevant Maturity (TRM): The definitive guide on when to micromanage vs. when to delegate.
16:56 – Leverage: How to distinguish between $10 tasks and $10,000 tasks.
18:19 – Negative Leverage: Why being late to a meeting destroys more value than you think.
19:37 – The Calendar Audit: Andy Grove’s method for color-coding your schedule to maximize output.

Get the book here
📚 High Output Management by Andy Grove
Mentioned in the episode
Tim Ferriss & Tobias Lütke Podcast: The episode where Rich first discovered the book.
Zoe Science & Nutrition: The podcast Rich produces using his "Podcast OS."

Guest Info
Rich Willan, Co-Founder of Fascinate Productions
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