Jaspreet Singh

But he always talks about what makes a great deal.

If you want to make a lot of money, you've got to pick the right deal.

And there's sort of four types of deals.

You could think about it like a quadrant.

You could have a low risk deal.

and you could also have a low reward deal.

That's actually most deals in life, right?

That's like stay in your same job, don't take risks, et cetera.

The problem is you're not gonna make much money.

Then you have a high risk, high reward deal.

Well, that could be like investing in an El Salvadoranian power plant.

Okay, it's just so likely to fail that even though it's super high profit, we probably wanna stay away from those.

And then you have sort of the golden child, which is how can we have high reward, low risk?

Well, not many of those exist, right?

That would be a unicorn.

So what we're really looking for is where is there a big hairy problem that has the right amount of risk

And if we can find that, then we have profit.

And so now they call it hair on a deal.

That's like investing terms.

You want to look for those hairy deals where you think, oh, that level of risk is manageable.