8 Lessons Charlie Munger Taught Me To Build $112M Business

How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win.

Keep crushing. May your desires be greater than your obstacles.

Never quit,

Alex

*FULL DISCLOSURE*
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

[BuffHippy]

Everyone else on the internet charges $997 for a video this good.

[johnwillsail]

At 6 minutes you're really honest about the way you bullied that other boy, that takes courage to be so humble on your youtube channel. New fan bro, keep it up

[adambona]

ALEX : I HAVE NOTHING TO SELL YOU

ME : TAKE MY MONEY

[chriselebiary]

Alex, thanks for all you help. Love the wisdom and the pragmatic approach. I really appreciate you.

[crankedjoe]

Thanks for sharing such valuable content Alex. Highly underrated, unbelievable.

[MathewKoder]

Loved the story about you and the individual from High school. It was great to listen to how you grew and evolved from that experience.

[omestartamv]

Always learning a lot from these videos.
Thanks for the free content.

[modelingsuccesssuccessfull]

17:02 Alex bravo! Love how naturally you tucked your left hand in the pocket to gain more control over it.

[RickyAvelino]

I am watching even the ads on your youtube channel. You deserve it. Thank you for your real content, not hiding gems.

[chrismacken]

8:45 Levels of 'Learning from others'.

Needed this, thanks Alex ✊

[anxiety.master]

This comment section feels like a homecoming for a lot of good and sincere people. Thanks for hosting, Alex. Great content.

[hc]

Thank you for your videos Alex. You have truly impacted me in a way you may never understand. Today I got in my own head thinking about personal things, and this was exactly the video I needed to watch today.

[MathewKoder]

Amazing video Alex thank you so much !!!

[AscendedMasculine]

13:10 That one hit me. I love using negative visualization. Thank you

Listening to this in between sets at the gym haha

[celo]

Alex, I just saw your interview with Derek from MPMD. After that long interview I was very hooked to your content and the way you carry yourself. One day I hope to cross paths with you and shake your hand. Thanks for sharing what you know without charging for it. You’re a true inspiration!

[josephbrolly]

Alex you are off the charts intelligent man. Charlie is so underrated. One of the great men of our time. The last of the greatest generation. Love his no bullshit attitude and ability to capture complex things so succinctly. Reading poor Charlie’s almanac now.

[emelyroman]

Omg this is extremely helpful! Thank you so much for sharing this.

[LuisAcostax]

Man this channel is getting my mind back on track. Thank you Alex.

[luiscampos]

Thank the algorithm for you man. You have a lot of substance in a world of creators that’s becoming mind numbing.

[ryanpotter]

Man your content rocks! Keep up the great work