Fred Smith, every mention
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every year 2025 anyone Shane Parrish 218George Stalk Jr. 2Jim Collins 1
Verbatim, from the transcripts: the passages where Fred Smith comes up
Charlie Munger: The Psychology of Human Misjudgment [Outliers]
- ▶ 2:40 Shane Parrish We had a whole episode on Fred Smith and Federal Express a few months ago, and this story is part of it, but I'm going to repeat it here because it's so revealing about incentives.
Fred Smith: The Story of FedEx [Outliers]
- ▶ 0:03 Shane Parrish Fred Smith is sitting at a blackjack table in Las Vegas at three a.m. 12 times in the scene
- ▶ 1:42 Shane Parrish Fred Smith built FedEx from a college term paper that got a C. 11 times in the scene
- ▶ 3:36 Shane Parrish Fred Smith's story begins with transportation running through his family. 24 times in the scene
- ▶ 7:39 Shane Parrish At Yale, from 1962 to 1966, Fred wasn't much of a student. 24 times in the scene
- ▶ 12:20 Shane Parrish Fred could have easily avoided Vietnam. 22 times in the scene
- ▶ 16:48 Shane Parrish When Fred Smith returned from Vietnam in July of 1969, he didn't go straight into building FedEx. 18 times in the scene
- ▶ 22:18 Shane Parrish So Smith assembled 14 Falcon jets, hired almost 400 employees. 10 times in the scene
- ▶ 26:16 Shane Parrish Through every crisis, Smith stuck to what Sergeant Jack had taught him in Vietnam. 16 times in the scene
- ▶ 30:32 Shane Parrish By 1983, Fred Smith should have been satisfied, but he wasn't. 18 times in the scene
- ▶ 33:47 Shane Parrish By 1988 Federal Express owned 45% of the U.S. overnight market, but Smith saw a threat nobody else did. 18 times in the scene
- ▶ 40:05 Shane Parrish The biography this episode is largely based on ended in 1993, but Fred Smith's story continued for another 32 years. 14 times in the scene
- ▶ 42:48 Shane Parrish I want to cover a few important things that didn't make it into the episode before we get into the lessons that I took away from reading and researching about Smith. 15 times in the scene
- ▶ 45:47 Shane Parrish Okay, I want to get into some of the lessons that I took away from this episode and the research that I did on Fred Smith. 14 times in the scene
- ▶ 51:19 Shane Parrish I hope you loved this episode with Fred Smith as much as I did.