YouSaid · the spoken record

Justin Mares

lines on the record: 93
first: 2023-06-20
most recent: 2023-06-20
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'll address something you said first, and then I'll talk about the company. So, one of the things that I think is true is there is a massive, massive negative externality that's created here by big food companies that they don't pay for. Kind of similar to how companies in the 60s and 70s were polluting rivers. They weren't paying for it. Then we introduced regulation that made them pay for sort of the negative externalities that they created from a pollution standpoint and like the pollution problem got better. I basically think that big food companies, Coca-Cola and the like, are creating huge, hugely negative health externalities that are not priced into their products that they're not getting fined for, that they're not paying the cost at all of feeding people stuff that is making them sick. The ability for a Coke to be cheaper than water in many parts of the US is purely because Coke externalizes the negative health outcomes of that Coca-Cola onto the US taxpayer via the healthcare system. And I think that's super fucked up.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“To get something like this going. And at the end of the road, you have a slightly better raw materials supply chain resource. If you look at how a lot of these businesses trade, the biggest meat processors sort of trade at, it's like not great. If you're a hyper-ambitious person, this is not a good business in general to go into.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“And only then think about the amount of capital that you have to outlay to make that happen. And only then do you have the raw materials ready to go. We're not even talking about one of the big issues in the sort of meat supply chain at least, is that you get such incredible economies of scale when you're processing meat at a very, very high level as opposed to a low one. And so small bison, beef, cattle, ranchers, and the like are often paying like two to three times what a massive meat conglomerate is paying to get each one of their cattle processed oftentimes they're not even able to make the same like grass-fed claims or they're taking animals that have been very humanely raised just on grass and pasture and sending them into a processing with a bunch of other people that are just grain fed and all of a sudden they can't make the claim that this is like grass fed grass finished animal so i would love to see it happen i think the truth is that it would be such an intensive capital out”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Because I think it's incredibly expensive and it takes forever. One of the challenges about this is these are not technology businesses. If I said right now I want to build the largest supply chain of regeneratively grown beef in the US or I wanted to have a certified glyphosate-free supply chain that was also organic. I would have to acquire the supply. You would have to turn over every single crop input that you had for at least three years for something to get certified organic. You would go through multiple years of having your yields be lower while your fields transitioned from relying on chemically intensive monocropping sort of agriculture to a more regenerative approach like the yields catch up, but it takes a couple years, you would basically have to wean an entire herd of animals off of corn soy wheat that you've probably been feeding them, acquire a bunch more land to put them on grasslands, feed them that way for two to three years so that they can be certified grass-fed grassfin.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“It's bad capital allocation if they were to do that. However, I think those are the areas, and in my opinion, the only areas that small upstart health and wellness food brands can actually outcompete the big guys.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Glyphosate is like round up hundreds of millions of pounds that are sprayed on American crops every year. It's basically going to be banned in Europe by next year. The U.S. has no such bans. So kettle and fire became the first bone broth brand that was doing glyphosate free, certified glyphosate free. Glyphosate is in water. It's preyed on every crop. It's like fed to these animals everywhere. And because of how prevalent this stuff is, a big food company to compete with us, if that is a dimension consumers care about is like, oh, I don't want glyphosate in my body, then a big food company would have to completely change their supply chain the way they manufacture, the way they source, the way they buy their inputs to try and match us from a glyphosate freeze standpoint. And even then, if you're Campbell, you're doing, I don't know how much in revenue, like $8 billion a year or something, it's like, are we?”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“And so I think the only opportunities that are interesting or worth going after if you're building or investing in a new health food brand is the sorts of opportunities where the brand or company can move in a direction that strategically a big food company couldn't move. One of the things that we did at Kettle and Fire is we were the first bone broth company to get certified glyphosate free.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Tying yourself to an early trend and saying, okay, this diet tribe has something that is important saying something real. There's this return to the way that our food system used to be through this product, I think is important. And then the last thing I think too is it is important to go where your competition can't go. One of the unfortunate realities is I don't think that investing in food companies is a great thing. Like I've built three consumer product brands and I've made three or consumer investments in my entire career while making 40 plus others in other spaces. And I think the reason is that the deck is stacked against small brands that are trying to build a better food system or build the right thing because you are paying more for inputs. You have fewer marketing dollars. You're generally a lower margin business because you're not using all of these highly processed additives and the like. And you're competing for shelf space with some of the biggest consumer companies out there that can just bleed you to.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Learned a couple things. One, that people are actually looking for solutions to their health issues. One of the reasons that I find bone broth is interesting is because it's something that 50 years ago, bone broth was like in every soup. The reason that your Jewish grandma would be like, oh, you're sick, eat chicken noodle soup is because that is made with real bones, bone broth, and like the collagen amino acids that come in that product. I think that today, if I were a food investor, I would look at products that are solving a real nutritional and health need and where the existing products have not been innovated on for 40, 50 years. Kettle and Fire competes against Campbell's for the most part. Those guys haven't really changed their product for a very long time. And so I think that's kind of an interesting dimension. I think that probably a lot of big food companies have underestimated the power of these food tribes and sort of food movements, whether that's paleo, whole 30 keto, any number of these things.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“These, yeah, like take them from us. Thank God. Trying to find grass fed and trying to find different ranchers that were doing things the right way, we had to pay a huge premium to do that because we had to compete with these fake, cheap crops because they have been hypersubsidized by all these crop subsidies.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“One really easy thing. We talked about corn, soy, and wheat being the most subsidized crops in the US. What that means is if you are a farmer or rancher, all of a sudden, if you want to have your cows eating grass, something that they've been eating for millions of years, or if you want to feed them corn, soy, and grains, one of those is much, much cheaper to do than the other. And so you have a huge shift over the last 50 years towards farmers feeding their animals, what I would call like ancestrally not appropriate diets. Cows did not evolve to eat cornsoy wheat. They evolved to eat grasses and other things like that. So that was one area where when we started out, we could have bought bones from grain-fed cattle for basically free. Like we had people just being like, oh, you're going to.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“By all of the trade offs that you're nudged to make as an up and coming health food brand. And I was blown away by the number of things that, in my opinion, were messed up in the food system and the structural systematic incentives that nudge people in one direction, which is towards consuming things that are really bad for their health.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“And so, as I got more into understanding, oh, we're selling a health product, let me understand the needs of my consumer. I just started talking to more and more customers, meeting more and more people. And I felt like almost no one was actually looking at this and going, this is wildly fucked up. Sort of everyone is just okay, maybe with the average outcome of health in the US being really bad. I was like obsessed with this question of why is it and what don't we know about what is causing chronic disease, obesity, and overweight in 73% of the population today. I just became more and more obsessed with that question. That led me into food, launching kettle and fire. I saw more and more how doing a brand, like we basically launch with super high quality ingredients, organic ingredients, grass-fed, grass fish bones, all these sorts of things. And as I dug more and more into the food and the food system, I was just blown away.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Started this business called Kettle and Fire when I was 26. Kettle and Fire now is the number one bone broth brand in the country for whatever that's worth. And when I started the company, I'll be honest, I was like into health. I was reading about it a little bit. But it wasn't this hair on fire thing that I'd gone super deep on just yet. As I was getting more into the bone broth space and starting this company, looking at marketing points, talking to influencers, talking to people in the health and food world, I kept coming back to what I said at the beginning of the show, which is just, I think the greatest mystery that people are not talking about, the Peter Teal-esque secret, is that 50 years ago, we had so many fewer people resources, everything to think about health and people were healthier. And now at a time when science has progressed, people are talking about health all the time. There's diet tribes everywhere. The average American is like overweight, unhealthy, and has multiple chronic diseases. It's crazy.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“But if I had to guess, and I'm willing to be wrong on this, this is like a speculative hypothesis. The way that I am thinking about mental health and physical health right now is that you can think about physical health as a landscape or a That kicks off a positive feedback loop in your emotions and your mental health. And I think that we're very, very early in understanding this sort of thing. But I do think it's one of those factors that's going to be incredibly important.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“This is where I would say that I'm not a doctor. I'm not anything like this. We're very early in the study and understanding of the gut and the microbiome. I do think that there are a lot of early but suggestive studies around the impact of gut health on depression and mental health. There was one lit review that came out. It was like a year or two ago where effectively they ran a test and they said, okay, they took people with treatment-resistant depression, very depressed people. And one group did a talk therapy intervention and the other did a purely nutritional intervention just geared towards fixing the diet and fixing and changing the composition of microbes in one's gut. And the people that did just the nutritional intervention basically had much better results from a curing depression standpoint than those that just did talk therapy. We're very early in understanding the gut brain axis and understanding what does a good microbiome look like. This is just super early cutting edge stuff.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“In the gut over something called the vagus nerve. And I think that you have to conclude that the health of your body is your mental health. These are the exact same things.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah. You don't have to do the math to be like, oh, yeah, I can see that has an impact on fertility. Today, 26% of women have PCOS, which is the leading cause of infertility. PCOS is polycystic ovarian syndrome. You get cis on your ovaries. And so it's one of the leading causes of infertility. And it's now hugely where, again, practically didn't exist in the 70s. You look at in the past 10 years, the number of miscarriages has gone up 10%. There's even weird things happening around women and teenagers are getting their periods and hitting puberty like one to two years earlier historically. And so I think that you just look at all of these, you look at the mental health, the state of mental health for the average American teenager. There's incredibly strong correlations between diabetes and depression. You look at that, you look at the stats, the direction these things are going. You also look at the fact that we know that the majority of one serotonin is actually produced in the gut. There's a massive connection between the brain.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Mental health is extremely tightly coupled with physical health. I think that is basically impossible or much, much, much harder to be in really horrendous physical health while also have the mental health of super healthy like 25-year-old or something. It just doesn't happen. You can look at a couple stats, male sperm count is down 50% over the last 50 years.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Standpoint. It's not going to do anything about inflammation and mental health infertility and all these other issues that we see that are related to the toxic food that's in our food system.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“In many ways, it's because they have muscles that act as glucose sinks. And so if you're eating a bad diet, your glucose is spiking. Those muscles can basically like soak up and absorb that energy. I get really concerned that we're going to see a future where a bunch of people go on Ozempic and either they become weaker, their bones become less dense, and that creates a class of health problems on its own, or they try and get off and they are literally less able to withstand the glucose impacts of their existing diet and less able to actually work through and correct any of these things. The second thing I'll quickly say is that if you believe, which I do, and I think that the evidence is very strongly in favor of this, that obesity is a symptom of metabolic dysfunction. Using a drug that you have to take for the rest of your life to address a symptom of metabolic dysfunction is not going to do anything about the massive issues that we see from a chronic disease.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“So yeah, it's incredible business model. Exactly. Which is why I think you're starting to see a push to prescribe it to overweight 12-year-olds. They'll be on it for literally the rest of their life. We are extremely early in understanding the side effects of something like Ozempic. And one of the most concerning things to me is not only do you gain all the way back after you get off it, but in the early studies that we've seen, which is all that we have, we have no longitudinal studies for this massive biological intervention that all of a sudden we're suggesting kids as young as 12 get on for literally the rest of their life. But in these early studies, what you're seeing is that 30 to 40 percent of the weight loss benefits come in the form of muscle mass loss and bone density loss. And now why that is concerning, if you think about why is it that a super strong fit person can often out-exercise their diet or occasionally can for at least a period of time?”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Weekly injections that you are on for the rest of your life. And if you get off of it, you gain all of the weight back. You're also seeing an incredible push like this one woman.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“I think Ozmpec is super concerning. One of the things that generally I would say that we've done over the last 50 years is we've seen heart disease go up and we've never prescribed more statins than we do today. Heart disease is still going up. You see depression going up. We've never prescribed more SSRIs than we do today. Still going up. You basically see all of these issues crop up. And there's a pharmaceutical solution that is proffered in response to this problem. And yet the core metrics on which we measure health and vitality of our population, those things continue to go up. I think that Ozmpic is on the one hand set to probably be the most profitable drug or class of drugs, this like class of GLP1 agonist. I think it's likely to be one of the most profitable drugs that pharma has ever invented. I think that for two reasons. One, you're seeing a push towards right now the way it works is it's”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, it's a cycle, and more money to figure out how do we make the Dorito the most addicting possible thing that one could put in their mouth. In this book, they talk about how scientists have engineered it so that you have this carby nice crunch, and then you have this little oil taste that leaves you wanting more, but it kind of dissipates on the back of the tongue. And so you're always like, oh, I'm like so close. They basically weaponized our evolutionary senses to want more. I also don't blame people for getting addicted to these hyperprocessed, hyper palatable, ultra processed foods.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that our food has also been weaponized against us. If you think about, and I realize I maybe sound like a conspiracy theorist or something here, but I think that if you look at a book called The Dorito Effect or something like that, there's another book called Salt Sugar Fat, where if you look, these big food companies, similar to Facebook, that's getting a bunch of blowback and TikTok and others, have spent hundreds of millions of dollars to try and engineer the perfect palatable thing that you want to keep going back for. And so not only do we have subsidies, which mean that cheap inputs go into everything, most of those products are controlled by six to seven big food companies that are just mammoth companies that control almost all of our food supply, especially in package form. But as these big food companies start to swap out real whole ingredients and whole foods for a processed sort of fake version of that thing, their profit margins go up. And so all of a sudden, they have more money.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Plus percent of all of their subsidy dollars are going towards corn soy wheat and something like 0.45% are going towards fruits and vegetables. And then we look around as a country and we go like, why is everyone so sick? Why is everyone eating corn syrup all the time? Gluten allergies are through the roof. Wheats and everything. Soybean oil is 20% of American calories. How is this happening? And you just go, oh, that's why.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“No, totally. Honestly, I don't think that with some exceptions, we're going to talk a lot about the food and healthcare system today. I think that most of the players in the food system and in the healthcare system are like good people trying to do the right thing. I just think that the system itself has incentives that are so warped that they're creating really bad outcomes and are like killing hundreds of thousands of Americans. On the topic of subsidies, here's a good example where I just talked about how almost $210 billion are spent since 1995 on subsidies for corn soy wheat. If you look into the subsidies that are happening today, cigarettes, tobacco gets four times more government subsidies, about 2% than all fruits and vegetable crops combined. So if you just look at that incentive alone, the USDA is saying that about 50% of American calories should come from fruits and vegetables. Yet if you look at how the USDA is allocating funds,”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“A lot of these subsidies came about in relation to or as an after effect of World War II, basically the government is like, we need to guarantee a food supply. We need to make sure that it's shelf stable so that we can ship it overseas and it can stay for long periods of time and stuff like that. And so one of the things that the government did and Nixon made a push around this is specifically to make it so that these big food companies were okay in using and testing out a bunch of these different chemical stabilizers. There was this big push towards shelf stability and then the government was like, we need to guarantee our own food supply, corn soy wheat are relatively stable grains that we can ship overseas. We can do a bunch of stuff with. And so like let's put money behind this to make sure that America guarantees.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“One thing I think that was a big change was food subsidies straight up. If you look since 1995, the US has spent almost $210 billion on subsidies, primarily that go towards three things, corn, soy, and wheat. Because the US is hugely subsidizing these three crops, it artificially brings the price down at which farmers and big food manufacturers are getting these inputs. Yeah, totally. What you see is around the 1970s, 1980s, many of these big food manufacturers go from using real sugar to using high fructose corn syrup. McDonald's used to fry all of their French fries in beef tallow. All of a sudden, soybean oil and canola oil become far less expensive because of subsidies and a bunch of other things. And you start seeing them using vegetable oils and everything. In 1960, basically 0% of the average American's calories came from soybean oil. Now that's approaching 20%. Where the average American is getting 20% of their time.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“So, for me, I think you look at that and you have to go, what changed? The biggest thing is the amount of processed foods that we eat in our diet today has massively changed. The amount of environmental toxins that we're exposed to have hugely enormously changed. And I think that you have to start with this. We have a massive health crisis going on right now. That's the core thing that you have to start from. And if you just go back to 1970 and say, let's eat like we were eating in 1970, which is far more Whole Foods stuff that is not quite as processed, stuff that has far fewer pesticides that are sprayed on it, less glyphosate, less environmental toxins and the like, that that is probably a really good place to start.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Years ago, of let's fund every possible study that makes it unclear whether or not cigarettes are harmful or whether or not there's a link to lung cancer there. And they're doing the same thing with food today. And so what I think about is for me, the core problem is that 50 years ago, 50, 60 years ago, there was far lower incidence of chronic disease, obesity, overweight, diabetes, and the like. In the last 50 years, that has completely changed. Americans are sicker, fatter, more depressed, and fertile, all these sorts of things. Worse than we ever have been before. And the kids that are growing up today are in the worst position of any generation of American kids have ever been from a health standpoint.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Food's good, or not, if you look, there have been 50,000 nutrition studies in the last two years that have come out. 50,000. Many of these are funded by like big food and big food related companies. The NIH spends $1 for every $11 that big food spends funding nutrition research. And so my takeaway from this, and I'll answer your question in a sec, but my takeaway from this is that basically we are operating as a society in a space where our tools for sense making research study as a scientific method and the like are being weaponized and like used against us to just muddle and create confusion and make it nearly impossible for one person, one person who makes the USDA guidelines that go into kids' lunches, for example, to clearly point to causality and go, this is bad and we're going to fix it. And I think that right now Big Food is basically doing and pulling out the playbook that cigarette companies pulled out 40, 50.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“You can trace for us how you think about answering that question because everyone's like, okay, it's bad. We would love to do something about it, but no one can seem to agree on the reason that this is happening. And there's all sorts of ancillary factors like business interests and other things that I want to talk about too. But how do you personally, I mean, attack this problem, like this knowledge problem, an epistemology problem? Like how do you know what might actually be true? One of the issues that I would take, even with the framing as you approach it, is like you can find all these studies and whatnot, is I think that our sense-making apparatus, especially as it comes to nutrition, which is a highly multifactorial, complex thing, is completely broken and it's broken intentionally by big food companies, pharma companies that basically are funding thousands and thousands of studies to make us confused as to our almonds bad, is chocolate bad for you, our ultra processed.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“50 years as a Western diet has come to mainland China. You see similar things across a lot of the Middle East, many parts of Africa, many parts of South America, even Europe, which many people myself included think do a much better job from a food system standpoint than the US does, is still seeing a huge increase in metabolic disease, other chronic diseases and the like. Obviously, this is like an incredibly challenging problem because of its impact, but also it's really challenging to understand. We can't say for sure it is X, Y, or Z that's causing this. And if you go and do thoughtful research, you can kind of pick your explanation and you'll find great evidence for and against the thing, whatever it is, seed oils or whatever it is, the ratio of macronutrients in your diet, as the causal factor for this problem. The problem seems undeniable. Like the data is just really bad.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“In old TV shows and all these sorts of things, you just don't have to look back that far to reach a place where people were just, for the most part, healthy by default and almost never thought about their food as much as I think about food and consumer products and stuff like that today. And they were still healthy. What about the evidence that we have from the rest of the world concurrently? So like the snapshot of the average health status today, is there any lessons that we can learn from certain regions or specific countries and what that data might teach us about what's gone wrong here in the US? I think that the thing that you can see very clearly is that we're exporting a Western diet to other countries and they are starting to feel and see the exact same metabolic and health issues that we see here in the US. Rates of diabetes have gone up something like 10,000% in China in the last”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Like if I ask my grandparents or parents, how did you think about making food and health choices for your kids? It was basically like we just bought whatever was at the store. What are you talking about? Yeah, totally. I mean, you look at old photos of people on the beach in the 60s and 70s.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Something like 17 medications are prescribed on average per adult every year from a health standpoint, we all know, I mean, if you don't feel your best from a health standpoint, there's no way that you're doing your best, most productive work. You're not your happiest version. You're not killing it at work. You're not doing almost anything with the vigor and energy that probably we want people to bring to their jobs, bring their relationships, bring to everything. The other thing I think that's just crazy too is I spend so much fucking time reading labels on food, looking at ingredients, understanding like sourcing. It's insane. The amount of mental overhead that I put in to understanding sourcing ingredients, what went into this, oh, what does this kitchen use seed oils? Where are they buying their stuff from? Is this produce seasonal? Because that impacts nutrient density is an unbelievable amount of mental overhead that goes into this stuff.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“With the health of our population and how, over the last 50 years has it taken such a nosedive and gotten to such a toxic place that I think is literally going to threaten the competitiveness of the country. How would that last piece come to fruition in a dystopian situation? What would it take for health outcomes or average health status of Americans to be so bad that it actually affected our competitiveness? That seems pretty intense. I think it's happening right now. But if you look at healthcare costs, they're outpacing inflation by like 200%. And so you don't have to fast forward for too long to get a sense of healthcare costs are almost already at 20% of GDP. How much longer can healthcare costs continue increasing at this pace before it literally bankrupts the country? And that's not even talking about the human capital issue, which is just, if you think about it, the average child being obese, overweight, six in 10 adults have at least one chronic illness.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“I know we're going to talk a lot about the U.S. health system. Maybe the right thing is a framing because we all live in this system and probably haven't thought too much about it or take it for granted. And I think there's some huge underlying problems that trace back maybe 50, 60 years. Could you begin by just giving what you think is the cleanest frame of the overall problem as you see it having built multiple businesses kind of in and around this space? I think the core underlying thing that is a massive problem is just that if you look back 50, 60 years ago, chronic disease was basically like not a thing. And it existed in small ways, but it was not 20% of GDP kids, 40 to 50 percent of them are diabetic or pre-diabetic. It was not like the explosion in chronic illness that we see today across cancer, obesity, and fertility, mental depression, all this sort of thing. So to me, I think the biggest question I think exists in the US right now is what is going on.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“My guest this week is Justin Mares. Justin has built three consumer health-focused brands over the past decade. Every time I speak with him, he makes me reflect on my own health and the state of our health more broadly. This conversation is no different. As Justin puts it, we're in a health crisis that could ultimately bankrupt our country. We talk about the inputs, incentives, and potential solutions related to that crisis, and then move into his experiences building and investing in consumer brands. We finish with a fascinating discussion on why it's more common to see repeat founders these days. Please enjoy my great conversation with Justin Mares.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
“Hello and welcome everyone. I'm Patrick O'Shaughnessy, and this is InvestLike the Best. This show is an open-ended exploration of markets, ideas, stories, and strategies that will help you better invest both your time and your money. Invest like the Best is part of the Colossus family of podcasts, and you can access all our podcasts, including edited transcripts, show notes, and other resources to keep learning at join Colossus.com.”
2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source
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2023-06-20 · Invest Like the Best · Justin Mares - The US Health Crisis - [Invest Like the Best, EP.333] · IDENTIFIED FROM THE TRANSCRIPT · source