Josh Monday Meeting 7/15
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 15 June 2019
⏱️ 6 minutes
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Summary
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| 0:00.0 | This business is not about finance at all. We are financial advisors. We work in the financial services industry |
| 0:07.0 | But it's not about numbers. We practice finance, finance, if you will. We use numbers all the time, very important, |
| 0:17.0 | but this business is not run on a calculator, it's not run on an Excel sheet or on performance reporting software. |
| 0:25.0 | This is a communications business. |
| 0:28.0 | It's what we do. |
| 0:30.0 | It's an empathy business. |
| 0:32.0 | It's about relationships. It's about trust. I'm going to tell you something that an older gentleman told me almost 20 years ago |
| 0:41.0 | when I first started working very very early my career he said oh and and |
| 0:47.8 | i think this is like one of those timeless pieces of wisdom that |
| 0:51.7 | never goes out of style never It's never not true. Cannot be |
| 0:54.4 | invalidated by anything. And he told me, and some of you heard me say this |
| 1:00.4 | before, all things being equal. People do business with people they |
| 1:06.4 | like. I'm going to repeat that I think it's really important. All things being |
| 1:10.7 | equal, people do business with people they like. Last week I was |
| 1:16.1 | talking about the fact that we don't invest in technology. We treat technology as |
| 1:21.7 | a cost which is exactly what it is. I told you that we choose to invest in people |
| 1:27.9 | specifically we invest in you people. What do you mean you people? |
| 1:37.4 | You people. I want to show you why using a couple of quotes from Rithold Slack okay this is Joey don Joey, don't blush. |
| 1:43.0 | Two days in and it's already been a monumental week. |
| 1:47.0 | One, Prospect cried tears of joy after going through call to. |
| 1:52.0 | During our discussions discussions it became increasingly |
| 1:54.9 | clear level of frugality he and his wife were practicing was not grounded in |
... |
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