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 257 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 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: 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: 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: 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: 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: 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: Research shows high IQ does not lead to higher income
“There is little to no research that high IQ leads to higher income. Now there is research that shows really low IQ or very Like lower mid IQ and below does materially show that you're going to make less money. Lots of research showing that, but there's not a l…”
Sanchez: China Uses Yuan for Most Cross-Border Transactions
“China has started to use its own currency for most cross-border transactions.”
Sanchez: Ozempic costs under $5 to make but sells for $1,000 monthly
“Well, Yale says that Ozempic costs less than five dollars a month to manufacture, And yet we're getting charged a thousand dollars a month for this drug. While the exact same product can be bought in Canada for a 155 dollars a month and 59 dollars a month in G…”
Sanchez: Major Democratic donors threatened to withhold 30 million unless Biden withdrew
“A bunch of the big Democratic donors are saying, I will keep my thirty million dollars I was going to donate to the Biden campaign unless they step down.”
Sanchez: Skilled trade grads earn up to $100K, out-earning marketing grads
“The average marketing major makes somewhere between 60 to 80,000 dollars a year. The average skilled trades worker after they graduate can make up where of 75 to a 100,000 dollars a year.”
Sanchez: Sitting within 25 feet of an underperformer reduces performance 30%
“If you sit next to an underperformer, if an underperformer is sat within a 25 foot radius of a bunch of normal people like you and me, they take your performance down by 30%.”
Sanchez: UFC shares only 13% of revenue compared to NBA's 50%
“NBA all the way to MLB are somewhere between 51 and 45%.
UFC is 13 to 14%.”
Sanchez: Divorce rates double for female lottery winners, but not men
“When men win the lottery, it's kind of, nothing really changes. They get married at the same rate. They have kids at the same rate. When women win the lottery, the divorce rates double.”
Sanchez: 70% to 80% of Listed Businesses Never Sell
“70 to 80% of businesses will never actually sell that are even listed for sale. Seven to eight out of every 10 owners who walk into the market to sell something walk home with nothing.”
Sanchez: Owner Dependency Is the Number One Reason Businesses Don't Sell
“And when we look at the autopsy of these dead businesses, the number one reason, owner dependency.”
Sanchez: Vividly fantasizing about success degrades actual performance
“The more vividly you fantasize about success, the worse you perform.”
Sanchez: NYU Study Shows Positive Fantasizing Reduces Job Offers and Earnings
“So there's this study we found in by NYU psychologists tracking college graduates entering the job market. And they basically found that the students who spent the most time in quote unquote, I love this line, positive fantasies about landing their dream job s…”
Sanchez: There is zero correlation between having ADHD and becoming a millionaire
“Also, there is zero correlation. Between having ADHD and being a millionaire, like zero.”
Sanchez: UPenn study found positive fantasizing reduced weight loss by 24 pounds
“At University of Penn, they found the same pattern in weight loss, actually. Like the women who fantasized most positively about their future selves, they lost 24 pounds less in one year than the women who pictured the process going badly.”
Sanchez: Jensen Huang Has 60 Direct Reports at Nvidia
“He has 60 direct reports, six zero. Most CEOs have eight to 10.”
Sanchez: Nvidia Has 2% Turnover and 5x Longer Employee Retention
“Now it sounds brutal, but NVIDIA's employees stay five X longer than industry average. Turnover is two percent.”
Sanchez: The youngest female self-made billionaire came from prediction markets
“I was really upset when I saw the first, like, female young, or the youngest female self-billionaire was from Prediction Markets.”
Sanchez: Passive information consumption depletes dopamine needed for execution
“Neuroscience shows you're burning the exact dopamine your brain needs for execution. It can't tell the difference.”
Sanchez: Harvard study shows optimistic women live 11% to 20% longer
“And over this 30 year period, the women who were labeled as more optimistic, not pessimistic, they lived like 11 to 20% longer than the negative communicating women.”
Sanchez: Negative YouTube titles and thumbnails generate 23% higher CTR
“In YouTube, we know that if you have a negative versus a positive thumbnail and title, you have a 23% higher click-through rate.”
Codie Sanchez: Homebuying cost rose from 4 years of salary to 12
“Back when boomers were buying houses, it was four years of salary on average. You know what it is today? 12. 12 years.”
Sanchez: US spent $8T on Middle East wars, 100x roads budget
“If you were to look, go to Grok on Twitter, that's Twitter's AI, and you were to ask it how much money we have spent in the Middle East On wars. The answer would be eight trillion dollars. That's a hundred X the annual federal spending on roads and bridges.”
Sanchez: TikTok Based Its Algorithm on 5-to-10 Second Attention Limits
“TikTok actually based its entire algorithm on this single idea that humans can only pay attention for five to 10 seconds.”
Sanchez: Closed Rib Cage Posture Increases Cortisol and Lowers Testosterone
“So when your rib cage is closed like this, it's going to actually increase your cortisol. So that's your stress. And it's going to decrease your testosterone, which is like the aggressive energy that flows through us.”
Alpha School Students Rank in Top 1% Across All Categories
“His schools across the US are top one percent students in every single course and category that they have.”
Sanchez: University costs grew three to four times while post-grad salaries stayed flat
“If you look at the actual numbers for educational institutions today, we have had a three to four x incline in the cost of universities, and we have had a flat line of return, meaning our salary increases after university.”
Sanchez: $5T–$10T in Businesses Will Transfer from Baby Boomers
“The numbers are between somewhere between five and 10 trillion dollars worth of businesses are going to be transferred from baby boomer generation to our generation.”
Sanchez: Long-term marriage creates a $300k-$1M net worth advantage
“That leads to graphs like this, which show you that over time, if you are never married, and if you were married and never divorced, there is a delta of somewhere between 300,000 to a million dollars in net worth, which is kind of crazy.”
Sanchez: Haliey Welch's followers lost tens of millions in a crypto venture
“She confused virality for actual direction and she ended up going all in on this crypto coin and her followers lost tens and tens and tens of millions of dollars.”
Chinese Sellers Outnumber US Sellers on Amazon Three to One
“Chinese sellers outnumber US sellers. By almost three X on Amazon.”
Sanchez: Sitting near low performers increases your underperformance risk by 30%
“I saw a study done on a thousand companies where if you sit within a 25 square foot radius of somebody who's considered a high performer, you're 15% more likely to outperform. And if you sit next to a low performer, you are 30% more likely to underperform.”
Sanchez: Alpha School students score 2-3 standard deviations above traditional schools
“And basically, Alpha School came out with, like, two or three standard deviations of scoring by their students than a traditional school”
Harvard study: Calling a team a 'family' lowers business profits
“Harvard psychology professor Dr. Richard Hackman actually found that when a team was called a family, it reduces constructive conflict and challenge and lowers the profits of the business.”
Tough-love company cultures grow faster than retention-first businesses
“Companies that embrace a performance driven culture and quote unquote, tough love attract higher performing talent and grow at a faster rate than those that focus on retention at all costs.”
Sanchez: Late-term miscarriages lead to a 90% divorce rate
“Like, late-term miscarriages, you have a 90% divorce rate. 90%. And if you lose a child, it's closer to 95% as a parent.”
Sanchez: Zuckerberg admitted the government pressured Meta to censor vaccine content
“Well, I mean, look at Zuckerberg has come out now and said, actually, I wish we hadn't censored so many people around the vaccine, and also the government asked us to.”
Sanchez: Your bank account matches the average of your five closest peers
“There's another statistic that shows that like if you get a group of five people that you spend the most Time with. And you analyze the bank accounts of those five people on average, your bank account will be the same.”
Sanchez: Studies Show Makeup Boosts Women's Pay 15% to 30%
“There's quite a few studies that show that women who wear makeup have a double digit, we won't get that specific about the numbers, but somewhere between 15 and 30% increase In pay. Just from wearing makeup versus not. All things else being relatively equal.”
Sanchez: Raw milk is illegal in more US states than silencers
“There are more states where raw milk is illegal than silencers, which I thought was interesting.”
Sanchez: Study finds over 60% of women prefer dad bods for partners
“I read a wild study that basically said, actually, if given two choices, a chad, very fit, six pack, et cetera, versus a dad bod, a little fluffy, maybe a tiny bit of a receding hairline, On average, as a partner, perhaps not in a one-off situation, they choos…”