Eric Jorgenson

And they do that because they trust his judgment.

They trust that he's going to use that well and give them good rewards for doing so.

If you can get a device that can get on the internet, you can enter the global meritocracy, essentially.

Most people aren't even trying.

Most people are just on the consumption side.

If you start creating, if you start coding, if you start trying to build products like

and you think about it in terms of where do you get those uncorrelated inputs versus outputs and try to build a business, that's where you're going to get those exponential returns.

And this is true in every industry, right?

Like I think people, you know, running a plumbing company would probably say like, yeah, that's all well and good for a podcaster or a hedge fund.

But like I run a plumbing company, every business is just, uh, their growth is determined by how levered they are and how elegant they are and how long those levers can get.

And Naval has a great

It's a long thing, I won't take you all the way through it, but he goes step by step all the way through the real estate industry where you could be a day laborer working on a house, you could be a general contractor, you could be a real estate investor, you could be a developer of big properties, or you could take the final leap into maximum leverage of external investors and technologists and everything and build Zillow.

And so the difference between a day laborer and a Zillager is how leveraged are you and how comfortable are you using each of those different forms of leverage?

It would be a fun game like books to build of just like breaking down the business from the beginning all the way up the whole ladder because we hear these incredible stories of people who like entered as a dishwasher in the restaurant industry and over the course of their career built like restaurants.

a 50 restaurant chain.

And those are people who just sort of figured out, what does the person above me know that I don't know?

What tool do they know how to use?

What are they able to access?

How can I figure it out?

How can I take that next step, that next risk and climb all the way up the ladder?