Episode
E359: What Charlie Munger Taught Me About Venture Capital
- Published
- Apr 30, 2026
- Duration seconds
- 2021
- Processing state
not_requested- Canonical source
- https://howiinvestpodcast.com/episodes/zvqB1JTDaFn
Actions
POST https://stenobird.com/v1/public/podcasts/how-i-invest-with-david-weisburd-6470713/episodes/e359-what-charlie-munger-taught-me-about-venture-capital/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/how-i-invest-with-david-weisburd-6470713/e359-what-charlie-munger-taught-me-about-venture-capital.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
What if the real edge in venture isn’t price—but who you choose to partner with for a decade? In this episode, I sit down with Jamie Montgomery, Co-Founder and Managing Partner of March Capital, to discuss how long-term relationships, not transactions, drive venture outcomes. Jamie explains why asymmetric upside matters more than negotiating the last percentage point, how conviction and discipline shape follow-on decisions, and why understanding your own biases is critical when doubling down. We also explore capital cycles, liquidity dynamics, and how AI is forcing every company to either reinvent itself or fall behind.