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 6 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
Sending voice notes unfairly transfers your time burden to the recipient
“I fucking hate voice notes. And the reason why is I think you're transferring your time to somebody else.”
Sanchez: Finance Culture Stifles Curiosity by Equating Uncertainty with Low Intelligence
“Most people in finance, you know, there's almost like a downside to being curious. People think, well, your intelligence must be lacking because you don't have all the answers, and that's how a lot of financial people think.”
Sanchez: Boring businesses fail less frequently than startups if sized properly
“It's just harder to have happen in these boring businesses if you do it right and you size them right, I think, than if you do a startup.”
Sanchez says ATMs are a terrible business with tiny profit margins
“ATMs, terrible margin business, not into it. One to three percent. These businesses typically just, you cannot collect enough of them to get enough income on them. Plus money's going away.”
Sanchez: $10k angel checks will not yield material financial outcomes
“I would probably say like, you need to get a little bit more in the deals because none of them will have a material outcome. I mean, you'll have to have a thousand X and even then, you know, it'll be really interesting, but that's like unlikely.”
Codie Sanchez: Mini golf acquisitions start around $1M due to land value
“And mini golf courses, you're going to have land plus profits is how you value them, right? So you're going to be a little bit more upmarket than that, I would guess. Like, your minimum deal is probably going to be right around a million bucks.”