Alex Hormozi, entrepreneur and founder of Acquisition.com, joins David Weisburd to share his journey of building a $150 million net worth. He discusses the lessons learned from losing his fortune twice, the importance of controlling revenue streams, strategic risk-taking in business, insights into scaling businesses, and the mindset required for long-term success. Hormozi also explains how he leverages his social media presence to drive deal flow and growth for Acquisition.com. (0:00) Introduction and welcome (0:02) Alex Hormozi on big bets and financial journey (0:29) Alex Hormozi's background and pivot to fitness industry (1:14) Gym turnaround experiences to first big exit (2:59) Launch of acquisition.com and social media strategy (3:35) Learning from financial losses (4:26) Strategic big swings and venture capital insights (5:00) Operational involvement and value propositions in private equity (7:20) Evolving deal structures and majority covenants (8:15) Aligning interests with founders and trust challenges (10:03) Decision crossroads: Berkshire model vs. private equity (11:13) Deal flow, revenue splits, and business types (13:13) Compounding business models and revenue retention (14:22) Demand vs. supply constrained businesses and skill compounding (15:35) Theory of constraints and skills acquisition (20:31) Impact of fame on business (23:03) Efficiency vs. effectiveness and intelligence in business (24:23) Transactional vs. relational business paradigms (26:23) Framework for value capturing and negotiation strategies (29:01) Attracting and managing A-players (31:39) Operant conditioning and trainability of skills (35:19) Personal development and overcoming self-sabotage (37:29) Leverage in business and aligning incentives (39:54) Replicating soft skills and culture integration (42:03) Simplifying performance metrics and effective feedback (44:03) Self-motivated employee development (45:00) Alex Hormozi's skill development and strategic growth (46:29) David Weisburd's advice and daily operations structure (49:33) Impact of Leila Hormozi and managing culture (51:26) Motivation behind wealth and personal fulfillment (53:28) Structuring daily life for productivity and task delegation (55:24) Complementary roles and passion for teaching