This episode is brought to you by my friends at 10 East.

10 East is an investing platform for sophisticated investors to access the private markets.

It's run by a great group of people, and it brings the benefits of having your own family

office without the cost and the headaches of doing so.

10 East is a membership platform you can find deals across private markets, in credit and real estate and equity. The principals and partners at 10 East is a membership platform you can find deals across private markets in credit and real estate and equity.

The principals and partners at 10 East are investing their own money in these deals themselves.

To learn more, please check out 10east.co. That's the number 10east.c.O. So I think that's important, not just in today's world, but I think has always been true

historically, is that the world evolves much faster than people's beliefs do, and their

skills do.

So you have the situation that is so common in business and investing, in politics, whatever it might be, where you have a lot of experts,

and they are experts, but they're experts from the world that no longer exists. They're experts

from the old world. And that's a big danger.

The biggest risk to any evolving system is that you become bogged down by experts from a world

that no longer exist. And the more evolution, the more change you have in any system, the more

you should expect that previous expertise

has a shelf life. That what used to be legitimate expertise expires and you need to update that

beliefs. But that's very hard and difficult to do, right? Because people, lay people need

experts to put their trust in. And the experts themselves want to hold on to their beliefs

because they put so much effort into forming those beliefs, right? Of course, some expertise

is timeless. Things that were true today. We're true 100 years ago, will be true 100 years

from now, of course. And behaviors often repeat themselves over and over again. Those are often the

most important things to pay attention to. But most things evolve. They change. They adapt. And they evolve

...