DHH: How to Build a Profitable Company Without Losing Control

Kurt MacAlpine is a partner and the CEO of Corient, which manages approximately $525 billion in client assets. He became a first-time CEO at 39, believes wealth management was built on a flawed incentive structure, and applied a professional services partnership model to the industry. Kurt explains why Corient has one compensation plan and one P&L, how sharing the benefits of scale helps clients and partners, and why he kept building while the stock market questioned his strategy. He discusses buying back shares, taking CI Financial private with Mubadala Capital, integrating acquisitions, and building a business designed to last for generations.

Ben Wilson is the host of “How To Take Over The World,” which is one of my favorite podcasts. How To Take Over The World examines history’s greatest leaders and conquerors, and has benefited millions of people. In this episode, we talk about the common traits among the individuals he has studied such as Napoleon, Leonardo da Vinci, Joan of Arc, Thomas Edison, Steve Jobs, Arnold Schwarzenegger, and more.

Alexandr Wang is the chief AI officer of Meta and co-founder of Scale AI. We talk about the seven-month effort to build Muse, why Meta focused on personal AI agents instead of coding, and how Mark Zuckerberg and Nat Friedman helped shape the product. Alexandr shares how Zuckerberg recruited him after Meta's Llama 4 setback, why he left Scale after nine years, and how he's rebuilding Meta's AI lab around small teams, exceptional talent, and minimal bureaucracy. We also discuss using memes to make a product go viral, the importance of having a single point of view, and why Alexandr believes AI could give everyone the ability to pursue bigger ambitions.

Ari Emanuel is the co-founder of Endeavor, executive chair and CEO of TKO, executive chairman of WME Group, and founder of MARI. We talk about his $4.2 billion bet on the UFC, the ESPN deal that proved it right, lessons from Egon Durban and David Geffen, and how constantly making calls creates opportunities you can’t plan for. Ari also opens up about dyslexia, decades of insecurity, and learning to enjoy his life without losing the drive that built his businesses.

Jeremy Stern is the editor-in-chief of Colossus, where he writes long-form profiles of leading entrepreneurs and investors. He goes behind the scenes of his reporting on Mark Zuckerberg, explaining how months of interviews revealed Zuckerberg’s fascination with Augustus, relentless competitive drive and commitment to building Meta for decades. Jeremy discusses why Meta’s distribution and infrastructure could give it an advantage in AI and why some founders seem incapable of walking away. He explains how a question about defense technology became his first profile, on Palmer Luckey, and why he brings the craft of fiction and poetry to writing about business. Jeremy also describes Scott Wu’s combination of mathematical genius, natural leadership and authenticity, and how Josh Kushner’s family history shaped his exploration of Thrive Capital and the American dream. The conversation closes with the story of Jeremy’s Russian professor, whose belief that people have an obligation to their gifts changed his life and helped shape how he sees the people he writes about.