Thread by @danreecer_

Last year I lost a mentor who was a world-class entrepreneur, a brilliant financial mind, and a family man, who was close to his life goal of buying the Cleveland Browns. Here are some things he taught me about business and life.

My favorite: “Have ridiculous expectations.”

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On Business and Investing:

"You have to think unreasonably. You have to have unreasonable goals, otherwise you will react emotionally. In a simple framework you might double or triple your money and tell your friends about it while you sell out making $50k... (cont.)

..."Yet, the nearly insane person who has an audacious goal of holding $50-100M will ride through the noise until he gets closer to his/her goal and be unfazed by near-term moves.

Think long term, position yourself asymmetrically and have ridiculous expectations."

"When people are running away from something, you should be running toward it."

"Real estate is not my thing for making massive money but a good way to store wealth and at least enjoy the investment while you live there."

"In crypto, you are in a world of short-term thinkers, and you need to think on a 10 year scale to separate yourself."

On Life (taken from his journal):

"On your last day, the person you could have become meets the person you are and became....

Give up unhealthy lifestyle - sleep, diet, exercise
Give up short term mindset
Give up playing small
Give up your excuses
Give up the fixed mindset
Give up believing in the magic bullet
Give up your perfectionism
Give up multi-tasking

Give up your need to control everything
Give up saying “yes” to things that don’t support your goals
Give up toxic people
Give up the need to be liked
Give up wasting time

He taught me to always be positive, look for the opportunity where everyone least expects it, multiply your goals by 100x, think long-term, and enjoy every moment of life with your family and friends because you never know which day will be your last.