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Back to #430 How to Write Ads That Sell.

How Did Warren Buffett's Letters Lead to Claude Hopkins?

David Senra found Claude Hopkins by reading Warren Buffett's shareholder letters, where Buffett kept calling David Ogilvy a genius. Senra had nothing to do with advertising when he started those letters many years ago. He looked up Ogilvy, read what Ogilvy wrote, and followed the heroes Ogilvy named. Ogilvy, Senra says, built his agency on Claude Hopkins's work alone.

Ogilvy and Mather was a public company, and Buffett was buying the stock. Senra says Buffett made more money on Ogilvy's company than Ogilvy did, because Ogilvy got scared and sold his equity too early, before it appreciated. The agency was on a spree of buying other agencies. Buffett thought that did not make much sense. Instead of buying other agencies, he asked why they would not buy the best agency, their own, and told them to buy back their own stock.

Senra thinks the earlier Founders episode on the letters, from the 80s, ran about three hours and is still the longest episode he has made. He plans about two months on the next one, after Warren wrote his last shareholder letter, and he expects that one to be the longest Founders episode he ever does.

Grokipedia·David Senra·Claude Hopkins

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#430 How to Write Ads That Sell ·

Founders

More from this episode

  1. Why Did Albert Lasker Lock Scientific Advertising in a Safe?David Senra says Albert Lasker locked Claude Hopkins's book Scientific Advertising in a safe for 20 years because it gave away the firm's secrets.
  2. Why Did Claude Hopkins Say to Stay Close to the Money?David Senra, reading Claude Hopkins, says the counsel is to get off the expense side of a business and stay close to the money. Hopkins started as a bookkeeper.
  3. Why Did John Powers Advertise That a Clothing Store Was Bankrupt?David Senra, reading Claude Hopkins on John Powers, says Powers told a clothing store on the verge of bankruptcy that the only way out was to advertise the…
  4. Why Did Claude Hopkins Say Not to Deal With People in the Mass?David Senra, reading Claude Hopkins, says the everlasting argument was against dealing with people in the mass.
  5. How Did Claude Hopkins Advertise Schlitz Beer?David Senra, reading Claude Hopkins, says Hopkins advertised Schlitz by printing purity steps the brewery had treated as ordinary.
  6. Why Did Claude Hopkins Say to Sell Painkillers, Not Vitamins?David Senra, reading Claude Hopkins on Pepsodent, says sell a painkiller, not a vitamin. People will do anything to cure a trouble, and little to prevent it.
  7. What Is Advertising According to Claude Hopkins?David Senra, reading the salesmanship chapter of Scientific Advertising, says advertising is salesmanship.
  8. How Much Can Changing a Headline Multiply Ad Returns?David Senra, reading Claude Hopkins, says changing the headline can multiply an ad's returns by five to ten times.
  9. Why Did Claude Hopkins Say Specific Claims Beat Vague Ones?David Senra, reading Claude Hopkins, says specific claims beat vague ones. Platitudes and generalities roll off with no impression.
  10. Where Did David Ogilvy Find the Rolls-Royce Clock Headline?David Senra says David Ogilvy found the Rolls-Royce headline in an obscure engineering document that was not written as an ad and was not meant for the…

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