Invest Like The Best
Episode 323 Trail Magic
Invest Like The Best

Episode 323: Trail Magic

Invest Like The Best

Episode 323

Trail Magic

Highlights from three of our most popular episodes, featuring Sam Hinkie, Boyd Varty, and Charlie Songhurst. These classic conversations are a source of timeless lessons on life and investing.

This episode is brought to you by:

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(00:04:40) - (Sam Hinkie) - His focus on quality people and talent as a key driver for success

(00:05:55) - The most amazing thing he’s seen from someone he has worked with, early on in the partnership

(00:07:59) - The different leadership styles he has absorbed through his career

(00:09:51) - His interest in finding “digital breadcrumbs” on his pursuit of knowing a person

(00:13:18) - The impactful story of meeting the assistant GM of the Houston Rockets

(00:17:22) - Strategies he has developed to avoid transactional people

(00:18:19) - The move he made that most factored in to him getting the GM position

(00:19:22) - How he shapes his career and optimizes from an investment perspective

(00:24:06) - The strangest things he has come across in early-stage investing

(00:25:47) - How listeners can use the proverbial bread crumbs to enable serendipity and prosperity

(00:29:47) - (Boyd Varty) - His childhood and his dad’s black mamba story

(00:33:04) - His early experiences with tracking wildlife and how it applies to investing

(00:38:32) - What a full day of tracking looks like, and his Track Your Life retreat program

(00:44:46) - What can be learned about life goals and paths from the experience of tracking

(00:47:59) - The influence of culture on decision-making and goal-setting

(00:50:39) - His concept of “the ordering of chaos on behalf of others” and its impact on life purpose as it relates to the so-called wild self

(00:52:13) - How his theories stand up to common objections from skeptics

(00:54:41) - The importance of moving towards the unknown to start approaching goals

(00:57:15) - His most memorable tracking experience

(01:08:43) - The kindest thing anyone has ever done for him

(01:12:40) - (Charlie Songhurst) - His interest in studying people’s virtues and vices

(01:15:10) - His diverse career highlights

(01:16:29) - His analysis of why startups succeed or fail

(01:21:21) - What founders can learn to enable and maintain productivity in their company

(01:25:21) - Nature versus nurture as it applies to adept founders, and the controversial “alien founder” concept

(01:30:10) - The importance of good recruiting from an early stage

(01:33:32) - How founders can make their companies attractive to prospective talent

(01:35:53) - Why he is interested in investing in highly boring and highly complex ideas

Trail Magic

Introduction

Patrick
Hello, everyone. Today's episode is a little different. Rather than share a new conversation, I have put together a few of my favorites from the past 6.5 years of doing this show. I often listen back to these for inspiration, energy and their timeless ideas on life and investing. Internally, we call these forever episodes because they'll likely still be as relevant and popular a decade from now as they were when they first aired.

Each of these is a significantly shortened version of the original episode. The first conversation you'll hear is with Sam Hinkie. Sam worked for more than a decade in the NBA, helping pioneer the use of data and analytics originally with the Houston Rockets and finishing off as the GM of the Philadelphia 76ers.

In life after basketball, Sam has launched his own venture capital fund 87 Capital. Sam's approach to everything is about finding great people, and he is talking more about that topic than just about anybody else.

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