2024-07

And I think that econ and psych, especially combined, really gives me an avenue to bicker with people and get to the root of problems psych you can't really do that people are really sensitive and psych economists have no sort of empathy no morality whatsoever so i think combining the two that could get me into behavioral econ which is what is really interesting to me

Extra: Madeleine Albright’s Warning on Immigration

#190 Brad Jacobs: Building a Business Empire

It's a report card, but it's not who I am, and it's not my be all and end all. I happen to be in a business that makes a lot of money, so I make a lot of money. My occupation is making money for shareholders. When I look at my motivation, if you want to understand my gestalt, how I look at the world, how I look at myself, If you take those psychological tests, I score very high on need to be appreciated. Last week, we had a call with my 75 co-investors in my new company, QXO. My wife and I are putting in $900 million. And then Sequoia and a few dozen friends and family, like really friends and family, like my sister and my brother and my niece and nephew are putting in another $100 million. So we'll have a cool $1 billion even putting into this company. And I told them at the end of the call, it was an hour call, I just gave them an update of what I'm working on. I thanked them. not for the hundred million dollars, because I didn't need the hundred million dollars. I could put another hundred million of mine in. But I thank them for giving me motivation, giving me inspiration, giving me a purpose, because I want to please them. I want to make them happy. I want to make them a lot of money. I like being happy. I like feeling good about myself. I like looking in a mirror and like who I'm seeing. And how I define that is pleasing the people that I love. And those are my investors, my co-investors, my close friends and family, and the people who have been good to me over the years, and I give back to them.