Sieva Kozinsky discusses the advantage of long-term thinking and compounding in business. He prefers buying over building, studies successful companies, and emphasizes documenting beliefs. The shift to long-term investments, optimizing incentives, and lessons on owning businesses are explored. Operational experience, effective learning strategies, and successful business tactics like Costco's pricing strategy are also discussed.

Join Nick Huber, Matt Schnuck, Sieva Kozinsky, Xavier Helgesen, and Kurtis Lin as they discuss market selection, learning from failures, and following your passion in business. Get insights on building multimillion-dollar ventures, adapting to challenges, and leveraging audience for success.

Are you ready to buy the business that will finance your future? Today we share the secret to generating wealth through acquisitions, explain why you need to invest for the long term, and teach the art of the deal. Hosts Sahil Bloom and Greg Isenberg are joined by the founders of Enduring Ventures, Xavier Helgesen and Sieva Kozinsky, who are building the modern Berkshire Hathaway. Xavier and Sieva share the origin stories that shaped them into blue-collar entrepreneurs and explain why QSBS creates limitless economic opportunities in America. Finally, Sahil and Greg share what they believe to be the best businesses in the world and ask for your help to break down their unit economics. ►► Want more community? Learn more here: http://trwih.comTHIS EPISODESieva Kozinsky: https://twitter.com/SievaKozinskyXavier Helgesen: https://twitter.com/xavierhelgesenEnduring Ventures: https://www.enduring.ventures/Better World Books: https://www.betterworldbooks.com/ZOLA Electric: https://zolaelectric.com/Sahil Bloom: https://twitter.com/SahilBloomGreg Isenberg: https://twitter.com/gregisenbergProduction & Marketing Team: https://penname.co/FIND US ON SOCIALTwitter: https://twitter.com/_trwihInstagram: https://www.instagram.com/_trwihTikTok: https://www.tiktok.com/@_trwihWeb: https://trwih.comSpotify: https://open.spotify.com/show/6aB0v6amo3a8hgTCjlTlvhApple: https://podcasts.apple.com/us/podcast/where-it-happens/id1593424985SHOW NOTES00:21 Xavier’s Origin Story06:01 Xavier’s 2nd Company 07:58 Better World Books & Zola Electric 12:12 Sieva’s Immigrant Origin Story15:20 What is Enduring Ventures?23:44 A Search Fund on Steroids30:20 Patience is Key33:58 Where Buffet is Right & Wrong 39:24 Great Companies = Great Narratives43:21 Buying Businesses that Power America 45:40 Financing the Deal 51:40 QSBS Matters54:25 Xavier’s Advise59:30 Sieva’s Scaffolding Story 1:03:06 The Best Business’s in the World 1:06:04 Where to Find Xavier & Sieva

Sieva Kozinsky, Founder of Enduring Ventures, talks about their long-term holding company that owns 21 businesses. They discuss their structure, sourcing opportunities, setting incentives for leaders, assessing industry-agnostic deals, and the story of acquiring Scribe via Twitter.

Learn about scaling your business with useful hiring tips and cultivating meaningful partnerships in entrepreneurship. Explore sales mindset, proactive hiring strategies, and the value of fostering talent and building partnerships for successful collaborations in business.