AI Snips
Chapters
Transcript
Episode notes
Set High Return Bar For Capital
- Entrepreneurs should seek at least 20% returns on new capital investments to justify expansion.
- Use low-cost index funds as an alternative for excess cash when returns in business are unattractive.
Small Bets For New Ventures
- Make small, experimental investments outside your core business to explore new opportunities.
- Treat failures as small lessons without risking significant capital.
Control Is Overrated
- Control over a business is overrated since competition and market forces dominate.
- Investing passively in great businesses can give greater freedom and better use of time.