.@flexport CEO Ryan Petersen on the Charlie Munger advice he passes on to AI founders: "The key to success is dumb competition." "One of my favorite things that Charlie told me at one of these dinners at his house was when I told him about Flexport, he was like, 'Oh, you have a great business because the key to success is dumb competition.'" "I always say that to people who are building AI companies. What a nightmare. Your competitors are literally AI geniuses." "You should find a way to apply AI in some other domain so you're not competing with the smartest people on Earth." "It's like trying to be a boxer. You might beat all the people in your local gym, but at some point you're gonna run into somebody who's gonna kick your ass." @typesfast w/ @shaneparrish