Charles Koch: When People Lose Meaning, Societies Lose Freedom “ Viktor Frankl, tremendous insight: He says, ‘The problem today is ever more people have the means to live and no meaning to live for.’ So, if you can't find a path to a life of meaning, which comes from finding your gift and using it to succeed by helping others succeed, then you have two choices. You can either choose to go for power or you can go for pleasure. The problem today is when you have a world that is based on power and pleasure, it's a slippery slope to totalitarianism, authoritarianism, and socialism. That's what we're seeing today.” --------------------------------------- Thanks to our partner for making this possible Most advertisers have never heard of the platform with an $11B annual run rate in ad spend. by AppLovin — 1B+ daily active users, full-screen video ads watched for a median of 35 seconds, and businesses are profitably spending hundreds of thousands of dollars a day on it. Advertiser access is in closed beta. The window is open at @AxonAdsManager

I spoke with Chase Koch, son of Charles Koch and a key leader at Koch, about the 41 operating principles that have helped create a business doing $125+ billion in revenue. Koch is one of the largest private companies in the world and their unique approach to management, technology, and hiring has created a very special organization that touches about 80% of the US economy. This is a must-listen for every investor, entrepreneur, and executive. YouTube: Spotify: Apple: TIMESTAMPS: 0:00 - Intro 1:22 - What is Koch? (scale, history, private company) 9:09 - Charles Koch's principles & the Sunday economics lessons 18:43 - Hiring philosophy: values first, skill second, credentials last 32:05 - Koch as a tech company: Infor, software & AI 35:30 - Horizontal capabilities & the Molex acquisition 41:47 - Turning acquisitions into principle-based cultures 47:03 - Origin story & lessons from near-bankruptcy failures 56:50 - Builder vs. operator: finding your comparative advantage 1:02:54 - Applying principles to society, bitcoin & individual sovereignty 1:08:50 - Stand Together: philanthropy, education & micro-schools 1:19:39 - Investing philosophy & finding the next big deal