The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 898 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 4 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Sanchez: Khosla backs open borders while suing to block public beach access
“He is going out there saying that we should have an open border when he has a private mansion on a beach trying to block public access to the beach for normal people, is in a lawsuit for like five or seven years while trying to say that we should have open bor…”
Sanchez: Anyone Saying Elon Musk Harms Economy Is Lying or Dumb
“Anyone who thinks he's bad for the economy is either lying or so dumb as to be irrelevant.”
Sanchez: Manifestation acts as anesthesia, draining the drive to do work
“So your brain books the fantasy as like a partial payment on the real thing. And it actually gives you the reward before you've done the work. So the drive to do the actual work drains out of you. Fascinating. So in other words, manifestation is actually anest…”
Sanchez: US Unemployment Is Racing Toward 10% or 20%
“I think America is racing towards a 10% unemployment rate, maybe 20.”
Sanchez: Crying at work guarantees you will stall in middle management
“I'm sorry to say this, but don't listen to anybody else who says, oh, you can cry if you want to. Oh, you can just say your truth out loud. Oh, it's fine. No, no, no, no. Those people will forever rent apartments and at most get to middle management. They will…”
Sanchez struggles to find women founders building sufficiently large businesses
“I actively look for women to invest in, and I have a really hard time finding women who are building big enough businesses.”
Sanchez: Mark Cuban is wrong that teaching business online proves it fails
“His clip basically said, if they're telling you about how to do it on the internet,
It doesn't work because if it worked, they'd just go do it.
And I thought that was so funny.
Sounds great.
Except it's wrong.
Because what actually happens is when you give mor…”
Sanchez: Men negotiate better, closing deals faster and on better terms
“I actually do see it First hand that men are better at negotiating than women, that men make more than women often, even with a similar skill set, that's partial negotiation, and that men, when they are in a deal, let's say arguing for a business to buy, they …”
Sanchez: Fired podcast vendor who refused to work on Joe Lonsdale episode
“So, Joe Lonsdale was gonna come on the show, and we had a vendor that was working on our podcast. They do some, what's called pre-production stuff, like come up with thumbnails or their interesting tidbits on the internet. And this young gentleman reached out,…”
Sanchez: Western Sanctions on Russia Ended Up Hurting Europe More
“We had a sanction on Russia and Europe that we thought was gonna hurt Russia, but actually ended up hurting Europe more.”
Sanchez: Balaji Srinivasan predicts 70% chance of economic crisis within two years
“His point here was, I'm concerned about the chance of a crisis, and so Balaji thinks there's a 10% chance of a crisis happening soon, a 70% chance in the next two years, which is scary because he's very smart.”
Sanchez: VCs repackage retirement homes as 'reimagined living' to raise millions
“I feel like this is what Venture has done since, you know, the last bull run of 2009 in Venture is they've been like, the thing is, We're reimagining the way that we live and what they're doing in actuality is retirement home, but for young people, but it's th…”
Sanchez: Tim Cook is purely a systems executive with no innovation
“And then obviously brought in people like Tim Cook, who are pure systems guys, no innovation.”
Sanchez: Working from home is a tragedy unless someone has made it
“I think it's a tragedy, actually. Unless you've made it. If you've made it, work from home, maybe.”
Sanchez: Remote human assistants deliver higher ROI than AI for her company
“I just told my team today that we found that hiring a remote assistant has a better ROI for my company than using AI.”
Sanchez: Ignoring Musk's lessons because you dislike him makes you an idiot
“If you don't like him, you know, Elon talks about the idiot test, but I think the other idiot test is, if you don't like Elon Musk, you're the idiot, because there's something to learn from him, no matter what.”
Sanchez: Many VC investors lack skin in the game and operating experience
“A lot of these investors are salaried investors. They got no skin in the game, and they've never actually run anything.”
Sanchez: Peter Thiel rejected Replit, saying it would never be big
“I remember when I told Peter Thiel that he should invest in the company and Peter said, it's never going to be a big company. This vibe coding thing is sort of ridiculous. And he put it in an email”
Sanchez: Harvard and Google credentials have almost zero correlation with job fit
“Resumes and history has so little correlation to good and a fit. There's almost no correlation. And it used to be that if you worked at some of these big companies, you're like, There's a pretty high indicator that you might continue to have like a certain out…”
Sanchez: Applicants must complete unpaid audition projects to prove authentic interest
“Now we make everybody do a creative project, and I don't like to pay people for it, not because of the expense. I don't like to pay people because I want to know how they feel about Doing work with us. Are they really interested? Or are they merely kind of cur…”
Sanchez: Naval Ravikant is mathematically wrong about not getting rich renting time
“He talks about how you know, you'll never get rich renting your time. And I actually don't agree with that. I mean, mathematically it's not true. Like Sheryl Sandberg, quite rich. Always been an employee.”
Sanchez: Chamath Palihapitiya led two of the decade's best investment deals
“Now look at the guy. He's done like two of the biggest and best transactions you could say in the last decade in investing.”
Sanchez: AI Shifts the 80/20 Rule to a 99/1 Dynamic
“With AI and automation, it's not eighty-twenty anymore. It's ninety-nine-one, which is like the right decision at the right time Will always outperform effort alone, and the one percent of things you choose to work on will now drive 99% of your results.”
Sanchez: Stopping work at 5 PM is a 'fake millennial' boundary
“You're going to actually have to set boundaries and not like fake. With all due respect, I am also millennial, not like fake millennial boundaries. Like I don't work or answer my email after five. Good fucking luck. Good luck.”
Sanchez: Passed on early Robinhood investment over gamification concerns
“I remember back in the day, I had a chance to invest in Robinhood when it was, like, super, super early on, and I'm an idiot, and I didn't, but the reason why I didn't, I actually kind of stand by, which is that I really don't think you should gamify Stock mar…”
Sanchez: Confident wrong speakers are rated more credible than hesitant correct speakers
“But a really scary study, they did a follow-on study that showed people who argued more confidently but were wrong were rated even more credible than those who argued not confidently but were right.”
Sanchez: Bill Gurley backed WeWork because Adam Neumann was a showman
“He said when he first met him in a series A, so the company basically had nothing in existence. His company benchmark had never done a real estate transaction. That's what this guy was asking him to do. But he goes, within the first few minutes, I knew I was g…”
Sanchez: Business ownership is a critical lifeboat against AI automation
“I think we are in an asset ownership race with AI right now in a way that we don't even realize. Buying businesses and owning parts of businesses will be like getting on the last lifeboat out of the Titanic. You will either be the person who owns the farm or y…”
Codie Sanchez: Professionals Should Not Cry in Business Meetings
“I don't think you should cry in business meetings just because you can't express yourself fully.”
Sanchez: Passive income represents under 1% of US earned income
“According to the Federal Reserve survey, only 11% of Americans earn any passive income at all. And of those, 75% comes from real estate requiring some management. So truly passive monthly income represents less than one percent of all income earned in the U.S.”
Sanchez: 95% of Shopify Stores Never Make a Single Sale
“Shopify says, 95% of stores, they never make a single sale.”
Sanchez: 90% of Amazon FBA Businesses Fail or Make Under $100/Month
“Amazon fulfilled by Amazon, so Amazon FBA. 90% fail rate. Or they plateau at, let me tell you how much, a hundred bucks a month in profit.”
Sanchez: EQ increases salary 20-30% while IQ has zero correlation to wealth
“I was reading a study the other day about how there's something like a, like, 20 to 30% increase in salary just from thinking about increasing your EQ and really ignoring IQ, that IQ almost has no correlation between monetary success.”
Sanchez: Entrepreneurship is a trauma response half the time
“Entrepreneurship is a trauma response, which I think it is half the time.”
Sanchez: Business Leaders Who Cry Do Not Remain Leaders for Long
“Every single leader that I have seen cry in business is not a leader for very long.”
Sanchez says creators must acquire business equity to survive AI disruption
“If you're a creator today and you're not thinking about acquiring businesses and how to get equity and what's called distributing equity, where they keep paying you over time, you're making a huge mistake. If you are only living off of AdSense and you are only…”
Sanchez: Unwillingness to sacrifice is the only barrier to US wealth
“But in this country, the only reason you guys cannot succeed and make a ton of money is because you're not willing to do what it takes. You only want to do what you want.”
Sanchez: Sequoia Capital only allows non-profits to invest in its funds
“And I know this because my friends at Sequoia who are big, huge investors, they only allow nonprofits to invest now. They like will not take actively many people's money.”
Sanchez: Complaining about gender online makes creators targets for trolls
“So if you're like, it's hard being a woman, nobody wants to give me respect as much as they do men, blah, blah, blah, blah, blah. You make yourself a victim. Then you get treated like one. If you act like prey, you get preyed upon.”
Sanchez: Intelligence has zero correlation with how much money people make
“Once you realize that, your life will totally change because intelligence really has no correlation with how much money you can make.”
Sanchez: TAM and pricing strategy matter far less than customer obsession
“Even though people are going to say other things matter more, like your pricing strategy, what's your go-to-market? What's your total addressable market? All those things sound fancy, and they don't matter. Get a few people to buy things from you fast. Get a f…”
Sanchez: Private equity relies primarily on financial arbitrage, not operating talent
“They use big words because they don't want us to realize private equity ain't that hard. If those guys were good, they'd start businesses. The thing that they're best at is financial arbitrage, and we can steal their homework on it.”
Sanchez: AI will create billion-dollar one-person companies within five years
“I think people will become billionaires this year, next year, the next five years as one person companies from AI. I think there will be billion dollar one person companies created from AI, from what I have seen firsthand.”
Sanchez: Future Billion-Dollar Companies Will Be Run by One Person and AI
“I think in the future there will be billion dollar companies made with one person and an army of AI agents underneath it.”
Sanchez: Hotels Have an Average Profit Margin of Negative 15 Percent
“Do you guys know they are negative margin? Which means if I give you a hundred bucks in a hotel you actually don't give me anything back. You cost me another 15 bucks. They have a -15% margin on average.”
Sanchez: Amazon Dropshippers Only Make Reliable Money by Selling Courses
“The only way people can reliably make money with dropshipping through fulfillment by Amazon is to teach others how to do it.”