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 17 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
Taylor: Investor Flight and Supply Shortages Drive SoCal Real Estate Values Up
“If our state is experiencing the most extreme housing crisis we have ever experienced because we don't add supply and all the investors are going elsewhere, what happens? Values go up. Occupancy goes up. You're in an unhealthy market. If you're just looking at…”
Taylor: Skateboarding creates genius marketers due to commoditized products
“Skateboarding breeds genius marketers because there's nothing really different about the product we're selling.”
Taylor: Dave Ramsey only gets people to neutral, not to wealth
“Dave Ramsey is not talking to people who are building wealth. Dave Ramsey is helping people get out of debt. Credit card debt. Not the debt you and I are talking about. So, in that sphere of people he's helping, listen to him. Like, he's totally right. But Dav…”
Mikey Taylor: Naturally Gifted Skateboarders Often Never Build Successful Careers
“The kids where everything comes natural to them, they almost don't cherish it because it's so easy. And then you see some of the best keyboarders actually never go anywhere with it.”
Taylor: Only two manufacturers make every brand of skateboard
“If you look at a actual skateboard, there's only two manufacturers that make every single skateboard, but there's a hundred different brands.”
Taylor: True Wealth Is Runway Without Working, Not Earned Income
“The problem is the majority of us look at wealth through the amount of income we make. We don't calculate wealth based off how long do I not have to work and I'm still okay.”
Taylor: Saint Archer Was California's Fastest-Growing Brewery Before MillerCoors Sale
“We were, I think, the fastest growing brewery in California, and then we ended up selling our business in Miller Coors.”
Taylor: Successful Entrepreneurs Who Deny Luck and Timing Are Lying
“Any successful entrepreneur, if they don't tell you that, hey man, there was some time and some luck involved in it, they're lying to you. Like truthfully, there's always a little bit of that.”
Taylor: Founder Naivety Is Valuable Because Knowing the Brutality Deters Starting
“I actually think there is some value in being a little bit naive because you don't know how brutal it's going to be, and so you just go and do it.”
Taylor: Service Businesses Cash Flow Well but Suffer From Depressed Exit Valuations
“Like if you're going to build a service based business, like mom and pop, it's the reverse. They cashflow very well. They just don't get the valuation. It's why so many people in their sixties now, Are trying to offload their business, but if they're pulling i…”
Taylor: Most Real Estate Investors Are Paper-Rich With Modest Cash Flow
“I would say most real estate investors, though, are rich on paper, And their cash flow is not crazy. That's most of us.”
Taylor: Real estate debt service is paid by tenants and refinanced tax-free
“When you're putting leverage on assets, you're not paying the debt service, right? Your tenant is paying the debt service. And so now you're making a different type of calculation. Do I have enough income coming in to comfortably pay my debt service? And then …”
Taylor: Home Flippers Lead Emerging Real Estate Markets; Institutions Signal the End
“The home flippers are usually the first ones in. And if you start seeing the institutional investors dumping capital, you're usually on the tail end. So I want to follow the home flippers.”
Taylor: Serving as Mayor of Thousand Oaks While Avoiding City Business
“And then now I don't do business in my city, but I'm the mayor of Thousand Oaks.”
Taylor: Early investors must prioritize capital growth over passive income
“In the beginning, the calculation is this. You need to grow your wealth. So even though we're talking about passive income coming in, if you pick passive income over growth, it's going to be a smaller return. So in the beginning, I was focused on growing the w…”