Peter Roth

then I think it's a terrible idea.

If you're young, you have to start with what you love because you don't have the knowledge base yet.

You still have to build up that knowledge base so that you can become one day that hands-off investor.

Who can just kind of throw money at things because he knows, like, this thing's going to work.

Cool, let me throw some cash at that.

Let me throw some cash at that and watch the dividends pay off.

Right.

But that takes time to get to that point in your life.

How to invest or... No, there's no course or books.

No, that takes... You have to fall down a hell of a lot.

You have to fall down a lot.

Or you have to be a savant.

I mean, right, sure, maybe there's one or two business savants out there that have already understand that model.

But I think you have to have been in the business world a long time and have failed.

I'm not saying bankruptcy.

I'm not saying shut your doors and lose your house.

I'm not saying that, but...

Everyone fails, right?

I mean, that's the basis of really running any successful businesses, the failure that gets you to that point.

You had to have failed so many times because with each failure comes a learning lesson and coming out the other side healthy.