Welcome to the Investing for Beginners podcast. In today’s show, we discuss:
- Andrew’s origin story and how he became the founder of Tiny, the Berkshire Hathaway of the tech world
- The idea behind starting to buy businesses based on the same framework that Warren Buffett uses for his investments
- What Andrew has learned from running his own business and how that has made him a better investor, plus the advantages from reading to learn.
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Announcer: [00:00:00] What’s the best way to get started in the market—download Andrews ebook for firstname.lastname@example.org.
Announcer: [00:00:13] I love this podcast because it crushes your dreams of getting rich quickly. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. Step-by-step premium investing guide for beginners. Your path to financial freedom starts now.
Dave: [00:00:00] All right, folks. Welcome to Investing for Beginners podcast tonight. We have a very special guest with us tonight. We have Andrew Wilkinson from Tiny. He is the CEO, founder, and entrepreneur and a really smart guy. And I think you guys are going to really enjoy our conversation. Andrew, thank you very much for joining us today. We really appreciate you taking the time out of your schedule to come and talk to us. I know you’re a busy guy, so I guess you tell us a little bit about you, your company, how you got started. I know that’s a lot of stuff to dump on us, but I guess throw it out there, and then we’ll see what we got.
Andrew W: [00:00:31] Sure. Thanks for having me, guys. Yeah, I have a bit of an odd story; my story really starts when I was in high school. I’m from Canada, grew up in Vancouver, which is a pretty big city.
And when I was 15, my family moved to Victoria, which is a very small city on an island. And I was not very happy about that. I was 15. I was moving away from my friends. I was bored stiff, and the city was all old people, and I didn’t know anybody. And so I had a summer before 10th grade started, and I spent all my time on the internet, just fooling around learning how to build websites.
And I ended up realizing that there were all these websites that reviewed tech products. So speakers, computers, iPods, that kind of stuff. And I learned that those companies get free review units sent to them. And as a teenage nerd, that sounded amazing. And so I started—a tech news site. I started writing articles reviewing products, and getting all this stuff sent to me for free.
And I was just in hog heaven. My family didn’t have a lot of money, and I was always using 15-year-old computers. So suddenly, Apple was sending me iPods and laptops and all sorts of amazing stuff. That ended up turning into kind of a bit of a business and hiring employees and managing a staff of writers.
I ended up getting to travel to all the Macworld conferences. I interviewed. Steve Jobs had just an amazing experience. And throughout all this, I kind of skipped high school. I was just barely passing. I think I got 49.5% on my math 11 final. Like I was just scraping by, and I went to my father when I graduated, and we’re driving down the street, and I said, dad, I’m not going to go to university.[continue reading…]