“Mistakes of omissions are much worse than mistakes of commission because if you do a deal that you shouldn't have done, you lose your money, but if you don't do a deal that you should have done, maybe you lost 100x the money or 200x the money that you could have made.”

you know, there's another actually interesting insight that most people don't think about. Our business, as you know, our business is not symmetrical. Mistakes of omissions are much worse than mistakes of commission because if you do a deal that you shouldn't have done, you lose. Your money, but if you don't do a deal that you should have done, maybe you lost 100x the money or 200x the money that you could have made. And your partners, even if they happen to be smart, and even if there's no internal politics, which is two very big ifs, they are never going to push you to do a deal that otherwise you would not have done. They would push back against deals that you want to do. And the thing is, even if they are right nine out of ten times, it's enough that one time because of they pushed back, you couldn't do a deal that you wanted to, and that deal was 100x, that the whole thing wasn't worth it. You know, that you would have been better off doing the nine deals that they, the bad deals that they, thanks to them, you didn't, and but you missed one…