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Key takeaways
- I remember him telling me this and I was like, "What do you mean?" He's like, "A business will over time slowly eat away its own profits because people just spend money." He's like, "You have to have somebody on it who just is ruthlessly just ripping is just keeping the [ __ ] expenses down and being like, nope, we're just going to keep making more money and not spend more.
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Abschnitt 1 I had a a mentor tell me he's like a 70-something year old billionaire and he's like profit is unnatural.
Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00I had a a mentor tell me he's like a 70-something year old billionaire and he's like profit is unnatural. I remember him telling me this and I was like, "What do you mean?" He's like, "A business will over time slowly eat away its own profits because people just spend money." He's like, "You have to have somebody on it who just is ruthlessly just ripping is just keeping the [ __ ] expenses down and being like, nope, we're just going to keep making more money and not spend more. We're going to keep making more money and not spend more." And so it's good that you have that. I just want you to lose that discipline cuz it's it's not normal.