Thread by @borrowed_ideas

1/ Notes from @KatColeATL episode at @InvestLikeBest

This episode reminded me of this Buffett quote:

"I am a better investor because I am a businessman, and I am a better businessman because I am an investor”

2/ I have always thought my biggest weakness as an analyst is my lack of experience in an operating environment.

Cole's clarity of thinking and frameworks made me wonder whether such depth is only possible through active learning that comes from an operating environment.

3/ "I've learned that people tend to become closer to their potential if you see them as their potential and the opposite happens if the opposite is true."

"when you see it differently as what's possible and then act accordingly people tend to be a better version of
themselves"

4/ Relevance vs differentiation

Relevance: it is meaningful to my life today
Differentiation: It is unique and I can identify the uniqueness

5/ Franchise Model

"no relationship goes well when you're managing via compliance. It is about shared commitment"

6/ Negotiating

"anytime I've pushed the boundaries of that, anytime I've been a good salesperson and been able to get one or two more points of royalty that are probably a bit beyond what is really the fairest deal, those deals always end early."

7/ Brand attributes that should get you excited: fan love and a sense of community. It's not scale.

8/ Leadership lesson

"...people who are close to the action know what the right thing to do is long before the leader makes the decision."

9/ One question to improve your personal and work relationships

"tell me one thing I can do differently to be more effective for you?"

End/ "our truth is in our roots, but our past is not our jail."

Episode link:investorfieldguide.com/kat-cole-how-t…
Transcript link: investorfieldguide.com/wp-content/upl…