Codie Sanchez

And so we actually killed it because we were like, not only is a book not enough.

Of course, isn't enough.

You have to actually have real humans and almost treat it like a mini MBA.

And and so I feel so strongly in that, like every chance I get, I often think about how Warren Buffett, the only thing he does most days is read and learn.

And then, you know, let's call 5% to 10% of what he does is action.

And, you know, 90% to 95% of what he does is data accumulation.

And I think a lot of people these days would say that's mental masturbation and you're pushing it off.

But if you are committed and disciplined to the type of person that is going to make a move, but you do it from a data and knowledge basis, your likelihood of success is just so much higher.

I

The average amount of people that buy a business is like point zero three percent.

Yeah.

Now, there's some bias there because this is a self-selected group and all of those things.

But I wonder why again and again we are so willing to get distracted by all the little learnings in life, but not go deep into the one learning that might actually change our life.

You know, it's funny, we have a venture capital fund and the number one indicator of success in our portfolio companies is who has lived this problem for more than 10 years.

And so I almost always will choose lived experience and pain is the direct driver to profit over almost anything else.

And, of course, there are exceptions to this, but usually those are second or third time founders.

So their lived experience is building companies and can sort of see the widget factory in every single industry.

But, yeah, I mean, if we like some of our best performers, I'm like Dino at Saronix.

It's a, you know, autonomous shipbuilder.

It's worth, I don't know, eight billion dollars now.