Eric Jorgenson

programmed to think that way.

And so understanding that we're in the age of leverage and it totally changes like what businesses can be built and where your priorities are.

And we're seeing unbelievable businesses get built that sort of have this understanding of leverage at the core of them.

Ideally, you want your earnings, your inputs and your outputs to be separate from each other.

You don't want to have to work an hour to earn $10 or $100 or $1,000.

You want to earn independent of your input.

If you're in a normal job, you're linear inputs and outputs.

If you are working on a podcast,

Like you record the same podcast, you publish it, whether a hundred people listen to it or a hundred thousand people listen to it, you put the same amount in, but you get an unbelievably higher reward from doing the same amount of work.

If you're investing in a company, like whether you invest a hundred thousand dollars or a million dollars, it's the same decision, but the rewards for doing it are an order of magnitude higher.

So you want to look for these places where your inputs and your outputs are uncorrelated.

And the more levered you are, the more

bigger that difference is going to be.

And the way you get leverage is by winning a smaller leverage game.

So start small and just let those things accrue incrementally.

Like we talked about Elon Musk.

He's like the most leveraged person alive.

And it's because people choose to give him capital.

People choose to go work for him.

People choose to support his companies and invest in him.