Millennial Investing - The Investor’s Podcast Network

MI322: Enduring Ventures w/ Sieva Kozinsky

Jan 29, 2024

01:06:39

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Entrepreneur Sieva Kozinsky shares his entrepreneurial journey, the importance of partnering with the right people, and the inspiration he drew from Berkshire Hathaway. Topics also include the impact of his family's sacrifice, lessons learned from Warren Buffett and Rick Guerin, and the unlimited opportunities in the lower middle market.

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Quick takeaways

Maximizing returns as a capital allocator by reinvesting in multiple businesses.

Importance of partnering with like-minded individuals to fuel entrepreneurial drive.

Building an owned audience and cultivating a dedicated brand to enhance reputation and credibility.

Deep dives

Building an Entrepreneurial Career

In this podcast episode, the speaker discusses his transition from being an operational CEO to becoming a capital allocator. He emphasizes the importance of reinvesting capital in multiple businesses to maximize returns as a capital allocator. This shift in mindset allowed him to unlock new possibilities and opportunities.

Introduction

3min

Personal Reflections on Family's Immigration Journey

13min

Change in Strategy and Successful Profitability

4min

Working Two Jobs and Networking with Sam Parr and Tim Ferris

21min

The Importance of Avoiding Systemic Risk and Using Debt Thoughtfully

4min

Building Wealth through Motels and Hotels

22min

Unlimited Opportunities in the Lower Middle Market

2min

In this week’s episode, Patrick Donley sits down with Sieva Kozinsky to do a deep dive into his entrepreneurial career and his journey to building his holding company, Enduring Ventures. You’ll learn about Sieva’s early adventures in entrepreneurship, the inspiration Berkshire Hathaway provided, the importance of partnering with the right people, and so much more!

Sieva Kozinsky is an entrepreneur and co-founder of Enduring Ventures, a long-term holding company dedicated to buying and building beautiful businesses and stewarding them with exceptional, values-driven leadership.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro.

02:07 - What it was like for his family living in Russia and immigrating to the U.S.

05:19 - How his family’s sacrifices have fueled his drive.

06:27 - How a course in entrepreneurship in college changed his career trajectory.

12:29 - How that first business hit a plateau and what his next steps were.

20:18 - What kind of advice he gives younger entrepreneurs just starting out.

23:05 - How joining a book club led to meeting Sam Parr and Tim Ferriss.

30:00 - What lessons he learned about Warren Buffett by reading Snowball.

30:19 - What he learned from Buffett’s one-time partner, Rick Guerin.

33:28 - How he met his co-founder and the importance of having the right partner.

53:12 - What Scribe Media does and why they acquired it.

58:07 - Why Sieva has decided to write his own book.

60:05 - How Twitter has changed the course of his career.

64:32 - Why understanding the strategy of the Patels is important and much more!.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended book: The 4-Hour WorkWeek by Tim Ferriss.
Recommended book: Can’t Hurt Me by David Goggins.
Recommended book: The Almanack of Naval Ravikant by Eric Jorgenson.
Recommended book: Dhandho Investor by Mohnish Pabrai.
Check out Sieva’s website.
Related episode – MI306: Almanacks and Anthologies w/ Eric Jorgenson | YouTube video.
Check out the books mentioned in the podcast here.

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SPONSORS

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Connect with Patrick: Twitter

Connect with Sieva: Website | Twitter

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