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Shane Parrish

👤 Person
14032 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And I was like, really, that surprises me.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And he's like, well, a lot of these things only come up once.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

I don't get another shot at it.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And if I'm a private company, I don't have public company shareholders, and it takes me, you know, five years versus three years to get my money back out of the deal, why do I care?

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

I'm never going to be offered this again, and they're not going to build another one.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

So when it comes to fiber optic in the ground, it's getting harder and harder to do.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

it's Eastland Cable Communications.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

But they, not only do they deliver cable to a large portion of Canada, but they own a lot of infrastructure that people aren't aware of.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And he's like, well, what difference does it make?

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And I've been chewing on

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

that nugget ever since.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And, you know, you can apply this from a marketing perspective as well, right?

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

If you have a client or go back to real estate for a sec, you have a client who's looking at a lake house or a cabin or a cottage or whatever you call them in the UK or in the United States,

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And you get a property and you say, my budget is, I don't know, say $500,000.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And you find a property that's $700,000.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

Is it worth splurging on the $700,000 property or whatever it is?

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And the answer is, is this like a once-in-a-generation property that I'm never going to have the shot at again?

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And then overpaying, you make overpaying seem rational.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

And in a way, it kind of is rational, where it's like, well, this is only going to come up once.

The Knowledge Project
How to Think Like a World-Class Marketer | Rory Sutherland

So, like, I have a friend actually going through this now.