YouSaid · the spoken record

David Perell

lines on the record: 311
first: 2023-03-29
most recent: 2023-03-29
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I hadn't And the funny thing is, that was a David Rosenthal insight that the NFL is the single largest media property by value. And the funny thing is if you go look at the, because we did this for the Nintendo episode, you go look at the largest media properties. They list Mario, they list Pokemon, and then I think if you sort the list includes video games and movies. And so there's like the MCU in there. And there's Star Wars in there, but they don't think. The NFL is way bigger than all of those, but it's not on the list because people don't think of it as like immediate property. I'm looking for stuff.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“The NFL episode was too long when we started. It took way too long to get to the interesting part, the Pete Roselle era. And so we had this massively bloated beginning. And then we had a story arc that didn't cleanly resolve. And we had a bunch of concepts where we didn't nail the explanation And so we went in, we cut like half of the first epoch of the story. We recorded new bits to create nice rising action and resolution on the Roselle era. And then we recorded another 10 areas where we were just like, this wasn't said super tight. And I'm really curious if people noticed because we had to like, we basically had a voice act. Like we had to listen to the way that we sort of came into that segment, get that in our head.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“It reps just straight up reps. Like thinking about it and then hearing yourself back. So the advantage I have that edit is say something and like, oh, that was so good. And then you hear it back. And sometimes it's even better or many times it's worse. Oh, I lost, I was, I know what I'm saying. Yeah. But you missed this part that doesn't make any sense. And so normally I have to cut it. I don't think I've ever don't think I've ever re-recorded something. We only do that.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“But also, like, he just educated you in a way that makes more sense and is interesting and your entertained by and you might build a business off that and then you might sell one day or whatever the case is. This is where I'm spending a lot more time of really trying to work on storytelling ability and concision, right? The value is in the compression and the distillation, right? You could listen to an audiobook for 25 hours. But if I can give you the best idea or one idea that changes your life and I can do it, you know, every week or whatever, like in a couple minutes, like that is going that some of that value is going to be brought back to me. And all that comes from is what I realized is all my heroes have what they have in common is like the unbelievable clarity of thought. Like Steve Jobs, Charlie, like you're not going to be like, oh, what does that mean? They take unbelievably complex things. Like, you're not advertising to a standing army, you're advertising to moving parade. Make it in a memorable way.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“What he also did right there is for every college finance sophomore that's having to go through a class to do DCFs and they're like I don't understand this this is complicated like he just explained conceptually a discounted cash flow model there in a way that was like unbelievably digestible he's so good at that”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“There you go. And so you'll say, okay, this is what you said inflation. And then you see what Yuri said it. And it's just like, and that's where I found that. I go, what do you say about interest rates? Boom, 1980, whatever. And he just laid out. It's so funny because what”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Interest rates are to asset prices, sort of like gravity is to an apple. When interest rates are low, there is little gravitational pull on asset prices. We just lived through this, right? Totally. When interest book. Yeah, when interest rates are low, there's little gravitational pull on asset prices. Interest rates power everything in the economic universe. Because I found that because all this, remember, this inflation went crazy like a year or two ago, whatever. And I was like, okay, every time that happens, all I do is I have, you can buy the Kindle version of Buffett shareholder letters for like two bucks. I know it's crazy. And I search it for interest rates, inflation. And I just go and I read, okay, this is what you did.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“So I go, Warren Buffett on interest rates, and the headline is they power everything in the economic universe. So that was what Elon was responding up to. And this is Warren, writing in the 80s. The value of exactly what you're saying, the value of every business, the value of a farm, an apartment house, or any other economic asset is 100% sensitive to interest rates. That's because”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“This is why it's like so, it's like, God, you could have made such better decisions. I could have made such better decisions if you had just known this and he had known it for 40 years before it happened. I posted this on Twitter and I opened up the next day. I'm like, why does this have two and a half million views? It's like Elon replied. He goes, yep. I was like, oh, okay.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“I wish I'm going to pull up something. Like, this is what I mean. Goes back to Buffett. Like, if you just, we should have, I wish I knew this. I had read this. I didn't remember it, though. This is Warren Buffett on interest rates, right? He says,”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“It is crazy how many things in my life I falsely attributed to something that were not just interest rates. Like so many things, the answer is just like, oh, it is that way because we live in a zero interest rate environment. And the human brain likes to tell stories. And at the end of the day, it's like. Things are the way they are because of mean reversion and what the current interest rate climate is.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“And then he has a great line. He's like, I want you to know we were killed. We weren't killers to make the most money. We were killers to get the job done. But he made the point, and very few people probably know more about the venture industry and that guy, right? I would imagine he's up there. And he's like, of course, like you have money raining down, he didn't use that word. It just creates bad habits.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“To your point, if you have free money, the money supply grass expands, it's raining down. That's going to build. Did you listen to Doug Leone on, I know you guys had him on your show, but did you hear him on Invest Like the Best? Yeah.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, for sure. But the whole thing when Peter Thiel says this in his book, Paul Graham says it, it's just like startups don't have the advantage, right? Of you're not going to outspend Microsoft or Netflix on, so you got to find underdeveloped talent, right? You got to find these people that if they work the credentialed or if they were the well-knowns, then they're going to go take, you're going to work for me $80,000 and some stock options or go make a million dollars a year in Netflix. So that's the whole thing. It's like you're not going to win unless you are capable of finding undervalued town. Silicon Valley used to be able to build high growth and profitable startups.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Like be more resourceful. It's like it's easy to say, but when all your competitors are hiring all the best engineers by throwing a million dollars a year at them, you're just not going to be able to build a good product if you don't try to play that game also.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“That's true But like, you know, while it would have been stupid for Amazon to spend $100 million on something, on crazy marketing activities in 1997, you could imagine that in 2018, if all of your competitors had raised a billion dollars and were trying to chase market share as fast as possible, you either have to exit that market because you're going to lose or play that game on the field.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, because everything, his entire thing, the low cost structure thing, that's a Walton thing. That's a sole price thing. That's a Jeff Bezos thing. That's a Rockefeller thing. That's the most common theme in the history of entrepreneurship every single thing. Jeff is like, we're going to have a lowest cost structure. We're going to have a low cost structure. We're going to be efficient. We're going to be efficient somewhere along the line 25 years later, now the startup, the technology startups, like we can just spread money all the time because there's no interest rate. There's just money coming back.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“They know it works. If you give a Walmart salesperson a bottle of gin or something, it's going to influence them where he's just like, I want your price. You guys did a great job in your episode. It's like, tell me the lowest price, and then I'm going to go to your, it better be your low price because I'm going to this guy. And if you tell me a dollar, he sells me 98 cents. Don't waste my time. You're not going to hear from me again.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“It's forgetting deals, don't. But they're operating at a different level where it's like, oh, these influence. And some founders, the smart ones, don't let Sam Walton, you know, he's like, don't give us”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“History doesn't repeat human nature does. These founder dudes are running technology companies now and they're like, yeah, oh yeah, I'm not going to name who. They're like, oh yeah, he gave us he. Picked us up in Manhattan in his private helicopter, and we landed at Hampton State. Do you think he got the deal? He got the deal. This guy said, hey, come, what are you doing? It's Friday night. What are you doing Saturday morning? Okay, come on my private jab. I'm going to take you to California with me. Here, you want to stay with your girlfriend at this mansion that I'm not using in XYZ. So Jeremy was explaining something.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“What would you do, right? Imagine him put it in the episode, but there's a bunch of this in Nintendo history because Warner Bros. bought Atari. And so Warner Brothers was running Atari as Nintendo was kind of like...”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“So, I had heard this because, again, I've never raised money. I don't pay attention to the venture industry, I don't know anything about it. I just have a bunch of founder friends. And founders tell founders everything. And so I'll have these discussions where they're like, they describe the courting process that they get from some of these well-known, super famous people. And it's like the process you just described to me sounds like an old rich dude that wants to sleep with a young woman. What would you do, right?”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Not what I would expect to hear. Yeah. So I'm going to tell you this book that just proved his point. I actually got a text on telling us. So he's like, they use it not for, if you're notting, sitting there sunbathing, right? He's like, they're using it for customers and invest and potential. And so I had heard this, I'll tell you about how this relates to invisible billionaire.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“So you look at those like, how could you possibly spend these yachts cost $25,000 an hour to operate in fuel or some crazy number that planes are the same? How expensive they are? And Jeremy makes the point, and Jeremy knows because he's been buying businesses forever.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“One of the most interesting ideas I've heard, and it comes from our Mutual Friend Jeremy, who I think we mentioned earlier in the podcast. Hopefully we did give him credit. I actually was talking to him and David Perrell. And I'm pretty sure Jeremy said this, not David, but he's like, I would actually make the argument because everybody's like, oh, like, what does Charlie talk about call the Berkshire Jet the Indefensible?”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“His new yacht has a chase yacht. Yeah, so it's like your yacht has a yacht. I think it's like a guest yacht. I think it's so that, I mean, he knows the biggest yacht in the world and there's a yacht that will sail behind it.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“He doesn't have to do anything in the world that he doesn't want to do. And that's how you know he loves it. They're beyond, I told you, we talked about earlier just how disorienting must be to have, and I would love to know this feeling, don't get me wrong, like have a $200 billion net worth. It's like, you're living life on like God mode. It's insane. Like, I was watching this video. I don't know if it's true, but it's like Jeff Bezos' private jet has its own private jet.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Like literally in person. Like, they would do, I think they were doing Jim Clayton was at either like an event to talk to the employees or whatever the case was. Jim wanted to have input. And he's like, Warren would not allow it. He monopolized this, and I've heard that about Warren. Same thing. We're like, there's...”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“And this is from the Jim Clayton's autobiography where he buys Clayton homes. And he even said he wanted to sell a buffet. He idolized Buffett. And he talks about like. He wasn't insulting him by any means, but he's like, Warren wants the microphone. And if you're in an area where Warren doesn't have the microphone, he's not interested. And I've heard that about Warren a lot.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“It's because he's spent 10 years analyzing your business and he knows exactly the price that he's going to buy it for. And so now he's telling you the price he's going to buy it for. This wasn't like a new consideration that popped up, and he's like, oh, look at this a business. It's like, no, at the scale he's operating at, like, he knows all the businesses. Yeah.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Every single person has some kind of like their public persona for that level, right? It's not like a podcast where they're going to listen to Joe Rogan for 1600 episodes. Like, you know who Joe is. You can't hide. He's doing three-hour shows, three days a week for 15 years. You have probably a good idea who he is. You see flashes of imperfection like we all have. I don't think you don't get to that level without having, he's got sharp, they all got sharp elbows. Have you ever heard read stories about how Warren negotiates? It's like 1250 bid. What about 14? 1250 bid. What about 13, 1250 bid?”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“All of them. There's no working with them. They're like, they're going to be in complete control of the situation. Like, even being in the room with them, like I'm not saying they'd be rude or mean, but You're a subordinate to them because everything is in Ray Crock, everything is, he says in the book, Perfection is difficult. I'm demanding perfection at McDonald's. I will constantly keep expanding this empire until I die. If you get in my way, I will run you over. He's like, he says in the movie, he's like, if my competitor was drowning, I'd walk over and put a hose in his mouth. And he goes, and he was on the other end of the call as McDonald Brothers because they're fighting over this. He goes, would you do the same? And the stated thing is like you're gonna have to compete on my level, or else I will literally destroy you”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Those guys, he loves Lee Kwan Yu from Singapore. And what you realize is it's like. It's like these are founder types, but you can't be like founders of benevolent dictators, or in some cases they're dictators of their own company. And like some people call Lee Kwan Yu, you know, a dictator is like, oh, you can't do that in America even if that would be beneficial.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“I think the difference is from a founder's perspective, there is no working with Steve Jobs. It's working for. You hear the stories of how Evelyn treated his subcontractor, or not like the owners of the companies that contracted. It's like. These guys are empire builders. Like, they're literally building worlds. They're not used to being Charlie was talking about this because, you know, he loves Lilu, the new guy, the BYD guy, Du Wan. I don't know his name, something. Yeah, yeah.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“He's literally like, thank you very much, June Martino, my first employee, for missing every single one of your kids' birthdays. You're going to get some stock at McDonald's. It's going to get you rich, but 20 years later, I'm going to fire you. You didn't have to put that story in there. He chose to put that. That's crazy, dude. I said on the podcast, I was like, listen, it's interesting, like, I'm glad he persisted interesting ideas for business. But not only do I never want to do business with this guy. I wouldn't even want to be friends I wouldn't want to do business with Steve Jobs, but I want to be his friend. Oh, yeah, he did very depression to be friends with. Oh, I feel like that.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“He sold paper cups for 17 years. But he's just like, hey, I have to go in my gut to the point where he got divorced over this. His wife was like, you can't do this, Harry. And he's like, you have to trust my instincts.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“If you think about this, he's a perfect illustration of what Steve observed 50 years after Reagan dies, for God's sake. He's just like, he goes from selling paper cups. Paper cups leads him to selling multi-mixers, which are like make milkshakes. Multimixers goes, like, why the hell are you eight? Why does these McDonald brothers out in San Bernardino have eight of my machines? He'd have a hard time selling one. That goes to the franchise system, which he didn't even do well. Then he meets Harry Sombor, and then Harry Sombor is like real estate. You don't even know the business you're in. You're not going to, he's like, you don't build an empire off a 1.4% cut of a 15 cent hamburger. You build an empire by owning the land upon which that hamburger is cooked.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“You're only going to connect the dots looking backwards. So you have to put something, faith in something. You can call karma, religion, God, intuition, but you have to do something. I just did a reread Ray Croc's autobiography, the guy from McDonald's. Again, it hit me. I've been thinking about the Steve Jobs quote too. And this is why it's so valuable to read your password. You mentioned this in the...”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“We're literally going to watch this thing. And so I think the game tape analysis of that is just like, it is helpful to realize that a lot of this stuff, it's impossible to plan in advance. It's one of the great, I mean, Steve Jobs has a ton of great quotes.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“That goes back to the game tape analysis where we talked about Kobe did this too, where it's like, I've read this like 600-page biography of Kobe and in the biography they interview a high school girlfriend.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“I guess the thing I was referring to is a little bit the survivorship bias where someone did something that I would not recommend anyone do and it still worked and made for a great story Morris Chang and TSMC. It's like he invented the notion of a fabless semiconductor company before there was any demand for that. And then it turned out that his timing was exactly right, that like within a couple of years a whole ton of fabulous companies spun up and wanted to use his foundry. But like he created a solution in search of a problem. And like no founder should do that. But my God, did he pull a rabbit out of a hat? There's a good number of acquired episodes where I'm like, we should be crisper, I think, about pointing out where like, I don't, this was inadvisable, but amazing that it worked.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Not lessons. Of course, there are, but sometimes we'll do an episode. I always feel this way about the most recent episode, but we just finished making the Nintendo episode. I'm just like, you cannot. Like, if you put the best fiction writers in the world”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's interesting how sometimes I'm like, I'm not sure that we came up with a lesson that I would advise a founder to follow, but I know this was very entertaining. And as true as we possibly can make it. And so like.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Founder, you say, oh, this sucks or whatever. Whatever. I'm cool with that. But I just want you to have the opportunity to know it exists and me and you have had these, also you've had these conversations where it's like, guys, I'm telling you right now, I've said this to you. There's millions of people that would benefit from listening acquired. They just don't know it exists yet. So we got to come up and find ways to make sure that people know it exists because they will love it and it will make their lives better.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“He says this line. He goes, I want everybody in the world to own an Apple device. We know that that's not going to happen because it's so expensive. But he goes. And to do that, we have to get really good at marketing. So my interpretation of that on the podcast, what I said is like, if you feel your product can improve people's lives, I think UIs already know because you get thousands of messages just like I do that yes listening to Choir, listening to founders will improve people's lives and work, right? Then you have a moral obligation to get good at marketing. All that means is not get good at marketing so our ad rates are going to go up or that we can be celebrities during that. It's no. So these messages for all these of history's greatest entrepreneurs that are dead, that they don't, these ideas don't die with them. And then therefore, acquired founders can gather these ideas and push them down the generations. So that's why I mean it's just like I'm not dilly dallying. Yes, I'm going to let time carry all the weight, but I'm going to do everything I can so more people at least know. And if you try.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“So he goes, and every Wednesday, Actions Express Priority. So there's another maxim, right? He's like, I don't care what people say. I care like what they do. So when people ask me, like first people that you talk to their founder is like, hey, what would you do about this? I never answers like, well, David Sunro would do this. I'd say, hey, well, Charlie Munger would tell you to do this, or Steve Jobs would do this. Or like, hey, I heard a story about here. Because my opinion is useless. Know my opinion on business building on how I build my business. It doesn't matter what I say. It's like, what is he, how is he approaching founders? Like, why is he making decisions? That's the important part, right? And so Steve told you that marketing was important to his actions because every Wednesday at like 3 o'clock or I forgot the time. They had like a three-hour meeting. He would approve, have to approve every single piece of advertising marketing that went out for Apple. There's not a billboard in Kentucky that went out without him saying, yes, it's going to go out, right? And so in that speech, when you're, if you actually listen to what he's saying, he's like, listen, I feel that the products we're making in Apple make people's lives better. I want.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“Consumer Impro for both laptop and desktop, those are four categories, right? They missed what he said earlier when he talks about Nike. He's just like marketing. He's like Apple sucks at marketing. We have to be a great marketing company. And so he said something where I read the quote and then my reinterpretation of this, right? And people don't know that. It's in Ken's book called Insanely Simple. I think that guy's name is Ken Siegel. And he's like, he was an ad guy at a company for Apple. And he's like.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“The turtleneck yet, but he mentions what they're going to do, and everybody focus on the fact that he's like, We're gonna, you know, there's no sex in the products anymore. We're gonna do the four quadrant thing. A lot of people in the technology industry particularly know that speech and like, yeah, let's cut the fat and put all of our A players, fire the B and C players, put all of our A players on these four products that we're gonna make, right?”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“So, my point in all that is if they're spending a lot of time with you, and I love, this is my flip of what Charlie Munger says, that you need to learn the big ideas in the main domains, like physics, psychology, because they carry the most freight. I flipped that to time carries the most weight. As long as what we're doing, you said we're not playing characters. We are passionately interested in this. We're not going to quit, then we do so over a long period of time. You'll get what you deserve. You'll get the audience you deserve. You'll get the business opportunities and everything else. It's like time creates the most weight. I know I'm not going to quit. You're going to have to pry the microphone for my cold dead hand. And I'm just going to let the chips fall where they are. And that doesn't mean I'm like lollygagging here. Like I'm on it 70s a week. I'm going to try to work myself in a position. So it's something I learned from Steve Jobs when he came back to Apple, right? And he's like people hear that speech he gives, which he's fantastic. He's like, wearing shorts. And he's like, and it's like, I don't even know if he's in the polo.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source
“It doesn't matter. It doesn't actually matter or YouTube. It's like, oh, they subscribe to your channel. Like, maybe that'll come up in one of the top eight videos that shows up at the top of the screen of what they should watch next, but like maybe not.”
2023-03-29 · Founders · A conversation with David and Ben from the Acquired podcast · IDENTIFIED FROM THE TRANSCRIPT · source