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My guest today is Ronnen Harary, the Co-Founder and Chairman of Spin Master Toys, the fourth-largest toy company in the world behind only Lego, Mattel, and Hasbro. Alongside his business partners, Ronnen co-founded Spin Master in 1994 and eventually transformed it from a three-person startup into a publicly traded company with a market capitalization of ~$2B, generating ~$2.3B in annual revenue.

In our conversation today, we talk about the four major themes that stuck out to me from Ronnen’s career:

1. Youth, inexperience and how that frames how we ought to think about taking risk in our lives and careers

2. Tail events: The impact of a small number of outcomes that generate a disproportionate share of results

3. Relationships between business partners: How he thinks about what makes for a great partnership (and what makes for a bad one)

4. Once you've accomplished your wildest dreams, what happens to your relationship with risk and ambition?