The 3 Surprising Businesses That Make Kid Rock $30M+/yr
About This Episode
Sam and Shaan explore the diverse and lucrative business portfolio of musician Kid Rock, including his $30M-per-year Nashville bar and his professional rodeo league. They also discuss strategic 'info diets,' emphasizing the value of reading historical shareholder letters, leveraging expert networks for industry insights, and hiring personal AI tutors to stay ahead of technology.
Episode Description
Show Notes
- 0:00Kid Rock, our honorary Billy of the Week
- 8:13Shaan's *new* rules for content (Partial list)
- 9:05Rule 1: Older is better
- 13:07Rule 5: Early. Arbitrage. Exploit
- 17:58Rule 4: Pay for learning
- 19:45Sam's cheat code for better alpha
- 23:57How Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History
- 29:48Three rules of wealth. Compounding rate, length of runway, and…
- 34:11Must Listen: Business Untitled
- 36:28LeBron James is now a podcaster?
Links
Check Out Shaan's Stuff
Check Out Sam's Stuff
Key Takeaways
Use expert networks like GLG or TGIS to gain competitive intelligence by interviewing former executives of rival companies to avoid repeating their past mistakes.
Prioritize 'older' high-signal content like historical annual shareholder letters and personal annual reviews over addictive, low-value social media newsfeeds.
Hire a specialized personal tutor to synthesize rapid developments in complex fields like AI, effectively buying back 10 hours of research time for every one hour of focused learning.