MI322: Enduring Ventures w/ Sieva Kozinsky

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Business, Investing

4.6 • 593 Ratings

🗓️ 29 January 2024

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s episode, Patrick Donley sits down with Sieva Kozinsky to do a deep dive into his entrepreneurial career and his journey to building his holding company, Enduring Ventures. You’ll learn about Sieva’s early adventures in entrepreneurship, the inspiration Berkshire Hathaway provided, the importance of partnering with the right people, and so much more! Sieva Kozinsky is an entrepreneur and co-founder of Enduring Ventures, a long-term holding company dedicated to buying and building beautiful businesses and stewarding them with exceptional, values-driven leadership. IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro. 02:07 - What it was like for his family living in Russia and immigrating to the U.S. 05:19 - How his family’s sacrifices have fueled his drive. 06:27 - How a course in entrepreneurship in college changed his career trajectory. 12:29 - How that first business hit a plateau and what his next steps were. 20:18 - What kind of advice he gives younger entrepreneurs just starting out. 23:05 - How joining a book club led to meeting Sam Parr and Tim Ferriss. 30:00 - What lessons he learned about Warren Buffett by reading Snowball. 30:19 - What he learned from Buffett’s one-time partner, Rick Guerin. 33:28 - How he met his co-founder and the importance of having the right partner. 53:12 - What Scribe Media does and why they acquired it. 58:07 - Why Sieva has decided to write his own book. 60:05 - How Twitter has changed the course of his career. 64:32 - Why understanding the strategy of the Patels is important and much more!. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Recommended book: The 4-Hour WorkWeek by Tim Ferriss. Recommended book: Can’t Hurt Me by David Goggins. Recommended book: The Almanack of Naval Ravikant by Eric Jorgenson. Recommended book: Dhandho Investor by Mohnish Pabrai. Check out Sieva’s website. Related episode – MI306: Almanacks and Anthologies w/ Eric Jorgenson | YouTube video. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter Connect with Sieva: Website | Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.1	This little business that I have, it can generate cash flow pretty predictably,
0:06.6	but I don't want to reinvest it back in this business.
0:09.6	I wish that I had multiple other businesses where I could reinvest this capital,
0:14.1	because that would be the best thing for me to do as a capital allocator.
0:18.5	And this was the first time that my brain went from, I'm an operational CEO, to I'm actually
0:25.6	a capital allocator.
0:27.2	And my job is not only to make sure that the business is running properly, that the trains
0:32.1	are running on time, and that we're profitable.
0:34.9	But my job is to figure out once we have that profit, what is the best
0:39.7	thing to do with that each incremental dollar? And I think it unlocks something in my head.
0:48.5	Hey guys, in today's episode, I got to sit down with Siava Kaczynski to do a deep dive into
0:53.4	his entrepreneurial career
0:55.0	and his journey to building his holding company, Enduring Ventures.
0:58.2	You'll learn about Siva's early adventures and entrepreneurship, the inspiration Berkshire
1:02.6	Hathaway provided, the importance of partnering with the right people, and a whole lot more.
1:07.2	Siava is an entrepreneur and co-founder of Enduring Ventures, which is a long-term holding company
1:11.9	dedicated to buying and building beautiful businesses and stewarding them with exceptional
1:16.6	values-driven leadership.
1:18.6	This was an interview that I felt like I could have gone all day talking with Siava and learning
1:22.4	from him.
1:23.1	I hope you guys enjoy this one as much as I did.
	...

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