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Scott Sheridan

๐Ÿ‘ค Speaker
435 total appearances

Appearances Over Time

Podcast Appearances

Proven Podcast
Investing Through Volatility

Aber aus meiner Perspektive You have to have the stomach, you have to have the internal fortitude to say, I can tolerate not getting paid. I can tolerate this, this, this for some period of time. Obviously, you can't go into perpetuity without getting paid. But when we started Thinkorswim, we took basically a bare minimum salary and we just bet on the upside. So we had stock in the company.

Proven Podcast
Investing Through Volatility

Aber aus meiner Perspektive You have to have the stomach, you have to have the internal fortitude to say, I can tolerate not getting paid. I can tolerate this, this, this for some period of time. Obviously, you can't go into perpetuity without getting paid. But when we started Thinkorswim, we took basically a bare minimum salary and we just bet on the upside. So we had stock in the company.

Proven Podcast
Investing Through Volatility

We said, you know, if this works, the salary is going to be irrelevant. I can't tell you what problems somebody's going to run into, but most problems are solvable.

Proven Podcast
Investing Through Volatility

We said, you know, if this works, the salary is going to be irrelevant. I can't tell you what problems somebody's going to run into, but most problems are solvable.

Proven Podcast
Investing Through Volatility

We said, you know, if this works, the salary is going to be irrelevant. I can't tell you what problems somebody's going to run into, but most problems are solvable.

Proven Podcast
Investing Through Volatility

And what I say to my team, I say, don't worry about making a mistake, because typically if people start panicking about they're going to make a mistake, they make bad decisions, because I don't want to do this, because even though it might be better in the long run, if it doesn't go well, it's going to look badly on me. That's a bad, for me, that's a bad mindset.

Proven Podcast
Investing Through Volatility

And what I say to my team, I say, don't worry about making a mistake, because typically if people start panicking about they're going to make a mistake, they make bad decisions, because I don't want to do this, because even though it might be better in the long run, if it doesn't go well, it's going to look badly on me. That's a bad, for me, that's a bad mindset.

Proven Podcast
Investing Through Volatility

And what I say to my team, I say, don't worry about making a mistake, because typically if people start panicking about they're going to make a mistake, they make bad decisions, because I don't want to do this, because even though it might be better in the long run, if it doesn't go well, it's going to look badly on me. That's a bad, for me, that's a bad mindset.

Proven Podcast
Investing Through Volatility

So my feeling is, take a lot of risks, but like in baseball, So long as you only have two strikes, you're still in the batter's box. It's when you get your third strike that you're going back to the bench. So you need to be careful. And again, calculated risk.

Proven Podcast
Investing Through Volatility

So my feeling is, take a lot of risks, but like in baseball, So long as you only have two strikes, you're still in the batter's box. It's when you get your third strike that you're going back to the bench. So you need to be careful. And again, calculated risk.

Proven Podcast
Investing Through Volatility

So my feeling is, take a lot of risks, but like in baseball, So long as you only have two strikes, you're still in the batter's box. It's when you get your third strike that you're going back to the bench. So you need to be careful. And again, calculated risk.

Proven Podcast
Investing Through Volatility

So there are things in one of the comments I've said to my kids since they were little, control the things that you can control, because you're going to have to deal with things out of your control that are going to take a lot of your bandwidth. The ones that are going to trip you up are the ones that are out of your control.

Proven Podcast
Investing Through Volatility

So there are things in one of the comments I've said to my kids since they were little, control the things that you can control, because you're going to have to deal with things out of your control that are going to take a lot of your bandwidth. The ones that are going to trip you up are the ones that are out of your control.

Proven Podcast
Investing Through Volatility

So there are things in one of the comments I've said to my kids since they were little, control the things that you can control, because you're going to have to deal with things out of your control that are going to take a lot of your bandwidth. The ones that are going to trip you up are the ones that are out of your control.

Proven Podcast
Investing Through Volatility

So you've got to make sure that you've got some juice left in the tank that you say, okay, I can go navigate that problem. Now, my partner and I, it's also really, really important if you do have a partner, pick somebody that has a different skill set. You don't need somebody that is the same as you because you can do what you can do. So my partner's skill set is very different than my skill set.

Proven Podcast
Investing Through Volatility

So you've got to make sure that you've got some juice left in the tank that you say, okay, I can go navigate that problem. Now, my partner and I, it's also really, really important if you do have a partner, pick somebody that has a different skill set. You don't need somebody that is the same as you because you can do what you can do. So my partner's skill set is very different than my skill set.

Proven Podcast
Investing Through Volatility

So you've got to make sure that you've got some juice left in the tank that you say, okay, I can go navigate that problem. Now, my partner and I, it's also really, really important if you do have a partner, pick somebody that has a different skill set. You don't need somebody that is the same as you because you can do what you can do. So my partner's skill set is very different than my skill set.

Proven Podcast
Investing Through Volatility

But we have mad respect for each other to the point where we don't even need to talk. You just go do you. I'll go do me. When we need to talk, we'll come back together. We'll figure it out. So, and that's why it's worked for as long as it has worked. So, when looking for, first of all, you said when hiring people. So, hiring people is, I will finish with this.

Proven Podcast
Investing Through Volatility

But we have mad respect for each other to the point where we don't even need to talk. You just go do you. I'll go do me. When we need to talk, we'll come back together. We'll figure it out. So, and that's why it's worked for as long as it has worked. So, when looking for, first of all, you said when hiring people. So, hiring people is, I will finish with this.

Proven Podcast
Investing Through Volatility

But we have mad respect for each other to the point where we don't even need to talk. You just go do you. I'll go do me. When we need to talk, we'll come back together. We'll figure it out. So, and that's why it's worked for as long as it has worked. So, when looking for, first of all, you said when hiring people. So, hiring people is, I will finish with this.