This is trend following radio where great thinking comes alive.

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

I am your host, Michael Covel, not filtered, raw, honest.

That's my passion.

My guest today is Derek Lido.

Derek teaches at Princeton, and he teaches a subject near and dear to me, entrepreneurship,

specifically entrepreneurs.

Look, most people go through life just taking a job, work for the man, so to speak.

But if you have that mindset to do something a little bit different, to go for it, to actually

take a risk, Derek shares some great insights on being an entrepreneur.

Hey, if this is your thing, and it's my thing, but if this is your thing, Derek has taken the deep dive to give you some of that foundational mindset, those foundational insights that will absolutely help your entrepreneurial career.

Without any further delay, let's jump right into my conversation today with Derek Lido.

I like to think of myself as an entrepreneur because I've not held a job since I worked in the Circuit City warehouse age 19 pushing around TVs, okay?

So it's been a long time in my early 50s now.

What is it about entrepreneurship that excites so many people?

But the older that I get, I realize that's not necessarily true.

Most people aren't really excited by entrepreneurship. They're excited perhaps about the thought of it,

the rewards of it. Hey, I want to be Elon Musk. But what is it that drives so many people to either think about it and that some of those

people that are thinking about it jump off and just can't escape the pull?

If you look back at entrepreneurs over millennia, there is one characteristic that jumps out and all these entrepreneurs.

And we can know these people all the way back four, five thousand years ago by name.

We can read their letters.

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