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Profit Is Unnatural

I had 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 was 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.

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Key takeaways

  • I had 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 was 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.
  • Just don't you lose that discipline cuz it's it's not normal.

Chapters

  1. 0:00
    Abschnitt 1 I had 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

Full transcript

Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.

1 segments

0:00I had 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 was 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. Just don't you lose that discipline cuz it's it's not normal.