Eric Jorgensen
π€ SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
And thus, because cash is moving more quickly, you just have a longer runway to fix the mistakes.
LESLIE KENDRICK
The formula to know if you're going too fast and making too many mistakes is like you should have at least 10% of the things that you regret in some way or 10% of the things that you have to add back later, Elon would say.
And so maybe if you're too much over the 10, that could be problematic.
But if like 80 to 90% of the decisions you were correct on and you only needed to go a little bit slower on 10 to 20, your speed of the 80 is so much bigger than the mistake of the 20 that you're winning.
So there's probably some formula there even.
Yeah.
This is my love language is talking about speed of business at a slow rate of cost.
Like, I don't know if everybody else is hot and bothered right now listening to this.
I hope you are.
I know you are.
But I do think this just like these moments when you understand this in business and your life, it's hard to ever look at the world the same again.
Yeah, this is really good.
There's a lot of...
tension in the book and in Elon in general, which I love.
He's obsessed with truth, direct feedback, and reality.
He also has this take of maybe some people think he's anti-empathetic or he's too tough on feedback.
And you're studying him.
What parts are you like, we should all emulate this?
And what parts are you like...