Billionaire Memo

A memo format

quick takes

74 memos in this format, newest first.

← Every memo
Ref. 82 · quick takes

Howard Schultz on the Moment Commitment Changes Everything

Pour Your Heart Into It

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Ref. 69 · quick takes

Mark Cuban’s Case for Never Clocking Out

How to Win at the Sport of Business, Lessons Learned: My First Business

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Ref. 192 · quick takes

Mark Cuban’s Definition of Relaxing

How to Win at the Sport of Business, Lessons Learned: My First Business

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Ref. 108 · quick takes

Michael Bloomberg’s Blunt Truth About Risk and Reward

Bloomberg by Bloomberg, Capitalism, Here I Come: School, Work, and Hard Knocks

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Ref. 174 · quick takes

Michael Dell on the Courage to Hit the Brakes

Direct from Dell

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Ref. 173 · quick takes

Michael Dell on the Discipline of Hitting the Brakes

Direct from Dell

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Ref. 240 · quick takes

Michael Dell’s Counterintuitive Edge: Win by the Rules, Not Around Them

Play Nice But Win

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Ref. 197 · quick takes

Michael Dell’s Formula: Play Nice, But Always Win

Play Nice But Win

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Ref. 101 · quick takes

Michael Dell’s Rule for Winning Without Losing Yourself

Play Nice But Win

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Ref. 222 · quick takes

Oprah Winfrey on the Only Place Light Enters

What I Know for Sure

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Ref. 147 · quick takes

Oprah Winfrey on the Simplest Thing You’re Overlooking

What I Know for Sure

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Ref. 148 · quick takes

Oprah’s Rule for Every Decision She Makes

What I Know for Sure

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Ref. 219 · quick takes

Peter Thiel’s Warning to Every Startup Founder

Zero to One, Preface

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Ref. 120 · quick takes

Peter Thiel’s Warning: Copying Success Isn’t Learning From It

Zero to One, Preface

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Ref. 236 · quick takes

Peter Thiel’s Warning: Today’s Profits Won’t Save You Tomorrow

Zero to One, Preface

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Ref. 195 · quick takes

Phil Knight’s Obsession With Factories Over Everything Else

Shoe Dog: A Memoir by the Creator of Nike

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Ref. 193 · quick takes

Ray Dalio’s Rule for Making Better Decisions

Principles: Life and Work

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Ref. 225 · quick takes

Ray Dalio’s Rule: Never Act Until These Two Things Agree

Principles: Life and Work

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Ref. 165 · quick takes

Ray Dalio’s Three-Part Formula for How Nations Fail

Principles for Dealing with the Changing World Order

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Ref. 176 · quick takes

Ray Dalio’s Three-Part Formula for How Nations Fall

Principles for Dealing with the Changing World Order

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Ref. 168 · quick takes

Ray Dalio’s Warning: No Empire Lasts Forever — Including This One

Principles for Dealing with the Changing World Order

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Ref. 126 · quick takes

Ray Dalio’s Warning: Everyone Sees the Fall Coming — Except the People Living Through It

Principles for Dealing with the Changing World Order

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Ref. 104 · quick takes

Ray Dalio’s Warning: No Empire Lasts Forever — and Most People Miss It

Principles for Dealing with the Changing World Order

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Ref. 184 · quick takes

Ray Dalio’s Warning: No System Lasts Forever

Principles for Dealing with the Changing World Order

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Ref. 237 · quick takes

Ray Kroc Was 52 When His Real Career Began

Grinding It Out

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Ref. 124 · quick takes

Ray Kroc Found His Life’s Work at 52

Grinding It Out

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Ref. 244 · quick takes

Reed Hastings on Freedom and Responsibility: Netflix’s Unlikely Formula

No Rules Rules

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Ref. 91 · quick takes

Reed Hastings on Why ‘Freedom and Responsibility’ Isn’t a Contradiction

No Rules Rules

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Ref. 151 · quick takes

Richard Branson on Why ‘Thinking Outside the Box’ Is the Wrong Goal

The Virgin Way

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Ref. 226 · quick takes

Richard Branson’s Problem With ‘Thinking Outside the Box’

The Virgin Way

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Ref. 67 · quick takes

Richard Branson’s Rule for Making Mistakes

Losing My Virginity

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Ref. 218 · quick takes

Richard Branson’s Two-Word Business Philosophy

Like a Virgin

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Ref. 257 · quick takes

Richard Branson’s Two-Letter Word That Kills More Ideas Than Failure Ever Could

Like a Virgin

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Ref. 71 · quick takes

Sam Walton on the Price of Being ‘The Richest Man in America’

Made in America

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Ref. 247 · quick takes

Sam Walton’s Secret to Staying Grounded at the Top

Made in America

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Ref. 245 · quick takes

Sam Zell’s Case for Saying Exactly What You Mean

Am I Being Too Subtle?

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Ref. 175 · quick takes

Sam Zell’s Business Card Is a Warning

Am I Being Too Subtle?

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Ref. 172 · quick takes

Sam Zell’s Rule: Never Apologize for Being Direct

Am I Being Too Subtle?

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Ref. 229 · quick takes

Seneca’s Warning to Everyone Who Confuses Busy with Productive

Tribe of Mentors

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Ref. 110 · quick takes

Stephen Schwarzman on What Actually Defines You

What It Takes

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Ref. 131 · quick takes

Stephen Schwarzman on What Failures Actually Teach You

What It Takes

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Ref. 191 · quick takes

Stephen Schwarzman’s Case Against Chasing Prestige

What It Takes

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Ref. 150 · quick takes

Stephen Schwarzman’s Counterintuitive Formula for Excellence

What It Takes

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Ref. 143 · quick takes

The Billboard Test for How to Live

Trailblazer

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Ref. 139 · quick takes

The Hidden Cost of Charging Straight at Your Goals

Onward

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Ref. 233 · quick takes

The Hidden Wisdom in Losing Ground

Onward

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Ref. 146 · quick takes

The Question That Stopped Oprah Cold

What I Know for Sure

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Ref. 181 · quick takes

The Windshield Wiper Blade That Built Amazon

Invent and Wander

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Ref. 117 · quick takes

Trump’s Simple Formula: Aim High, Push Hard

The Art of the Deal

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Ref. 205 · quick takes

Warren Buffett’s Honest Confession About Getting Too Big

Berkshire Hathaway Shareholder Letters

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Ref. 201 · quick takes

Warren Buffett’s Honest Warning About Getting Too Big

Berkshire Hathaway Shareholder Letters

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Ref. 261 · quick takes

Warren Buffett’s Most Counterintuitive Investing Lesson

The Psychology of Investing

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Ref. 95 · quick takes

Warren Buffett’s Honest Warning About His Own Success

Berkshire Shareholder Letters

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Ref. 238 · quick takes

Warren Buffett’s Secret to Being Trusted: Lead With the Bad News

Berkshire Hathaway Shareholder Letters

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Ref. 144 · quick takes

Warren Buffett’s Most Honest Sentence

Berkshire Hathaway Shareholder Letter 1999

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Ref. 89 · quick takes

Warren Buffett’s Worst Year — and Why He Said So First

Berkshire Hathaway Shareholder Letter 1999

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Ref. 265 · quick takes

Why Ray Dalio Reads Every Debt Crisis the Same Way

Principles for Navigating Big Debt Crises

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Ref. 128 · quick takes

Why Ray Dalio Studies Financial History Like a Doctor Studies Anatomy

Principles for Navigating Big Debt Crises

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Ref. 51 · quick takes

Donald Trump’s Case for Thinking Bigger

The Art of the Deal

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Ref. 35 · quick takes

Jeff Bezos Is Building a Clock That Ticks Once a Year

Invent and Wander

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Ref. 17 · quick takes

John Doerr’s Case for Measuring What Actually Matters

Measure What Matters

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Ref. 52 · quick takes

Marc Benioff on Why Values Only Matter When They’re Tested

Marc Benioff

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Ref. 61 · quick takes

Marc Benioff’s Case for Loud Beliefs

Trailblazer, Prologue

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Ref. 53 · quick takes

Michael Bloomberg’s Handshake That Built a News Empire

Bloomberg by Bloomberg, We Can Do That: Elementary Journalism, Not Rocket Science:

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Ref. 13 · quick takes

Michael Dell’s Case for Speed Over Perfection

Direct from Dell

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Ref. 54 · quick takes

Phil Knight Didn’t Have a Long-Term Plan

Shoe Dog: A Memoir by the Creator of Nike

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Ref. 14 · quick takes

Ray Kroc Didn’t Start Until 52

Grinding It Out

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Ref. 36 · quick takes

Reed Hastings on Removing the Controls That Kill Innovation

No Rules Rules

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Ref. 32 · quick takes

Richard Branson’s Case for Never Learning the ‘Right’ Way

Like a Virgin

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Ref. 34 · quick takes

Richard Branson’s One-Question Business Filter

The Virgin Way

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Ref. 15 · quick takes

Sam Zell’s Case for the Unglamorous Daily Grind

Am I Being Too Subtle?

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Ref. 16 · quick takes

Schwarzman’s Case for the Single Decision

What It Takes

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Ref. 56 · quick takes

Stephen Schwarzman’s Case for Relentless Daily Action

What It Takes

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Ref. 33 · quick takes

The One Word That Changes Everything

The Five Major Pieces to the Life Puzzle

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Wound automatically, every Tuesday

One memo a week from the manufacture: the passage as written, the chapter it lives in, and what it is worth to whatever you are building.

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