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Shaan Puri

๐Ÿ‘ค Speaker
1092 total appearances

Appearances Over Time

Podcast Appearances

My First Million
When everything works, you learn the wrong lessons

Yeah.

My First Million
When everything works, you learn the wrong lessons

He's like, but if I go to Alaska, it turns out they just don't really have very many families.

My First Million
When everything works, you learn the wrong lessons

He's like, it's easier for me to get on a flight once a month and go to Alaska than it is for me to build that business here.

My First Million
When everything works, you learn the wrong lessons

And it's like, I saw that.

My First Million
When everything works, you learn the wrong lessons

I was like, man, there's like, you know, Munger has this great quote, you know, the secret to winning in life is weak competition.

My First Million
When everything works, you learn the wrong lessons

And it's basically like, go where there's fish, but not other fishermen.

My First Million
When everything works, you learn the wrong lessons

And it feels like, it would feel so foreign to me and most people if you're doing a business to be like, well,

My First Million
When everything works, you learn the wrong lessons

how do I, I live here.

My First Million
When everything works, you learn the wrong lessons

I kind of feel like I should do something about something familiar where I see it.

My First Million
When everything works, you learn the wrong lessons

It's like, we will go into a knowingly harder situation because it's more familiar than take on some unknown where there might be a total greenfield opportunity.

My First Million
When everything works, you learn the wrong lessons

And he's not innovating.

My First Million
When everything works, you learn the wrong lessons

Like, it's not like he had to be the,

My First Million
When everything works, you learn the wrong lessons

to use some new technique in framing or whatever.

My First Million
When everything works, you learn the wrong lessons

He just went to a place where there's just not a lot of people offering that service.

My First Million
When everything works, you learn the wrong lessons

And I just think like that one principle, you know, if you're a hardworking person, like that one principle can be the difference between, again, being the thousandth contractor here with razor thin margins and making great margins and having to get on a flight once a month.

My First Million
When everything works, you learn the wrong lessons

And I just think like,

My First Million
When everything works, you learn the wrong lessons

I think about a lot of people in my life, there's more people who could benefit from that principle of just go where the supply is low or the competition is low because it's unfamiliar for most and you might prosper.

My First Million
When everything works, you learn the wrong lessons

Yeah.

My First Million
When everything works, you learn the wrong lessons

In storage, what was the insight on location for you?

My First Million
When everything works, you learn the wrong lessons

So did you find like a certain strategy on location worked well for you?