2795: Success by Exhaustion by Nick Maggiulli of Of Dollars and Data on How to Build Wealth
Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.\nEpisode 2795:\nNick Maggiulli highlights how IBM's legal team, Cravath, Swain, & Moore LLP, defended against antitrust charges through sheer tenacity and exhaustive effort, demonstrating that success can be achieved by outworking opponents. This brute force approach extends to various domains, including finance, where strategies like indexing and high savings rates can lead to financial stability regardless of market conditions.\nRead along with the original article(s) here: https://ofdollarsanddata.com/success-by-exhaustion/\nQuotes to ponder:\n"They buried us in paper. They produced reams of paper in futile endeavors. We stacked up the paper - it was five or six feet tall!"\n"The majority of (actual) wars have not been won with strategy, bravery, training, or superior equipment, but brute force."\n"If you think about it, indexing is a brute force solution to the problem of picking stocks."\nEpisode references:\nWhat It Takes: https://www.amazon.com/What-Takes-Secrets-Greatest-Professional/dp/1118517725\nLearn more about your ad choices. Visit megaphone.fm/adchoices