Dan Martell - September 24, 2023


It’s hard to make a good deal with bad people


Episode Stats


Length

42 seconds

Words per minute

214.08582

Word count

153

Sentence count

10

Harmful content

Toxicity

3

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Most people try to use legals and contracts to mitigate risk because they know in their heart that that person they re working with sucks. They know that person is not trustworthy. They ve heard negative things, they ve already seen the writing on the wall, and yet they try to do a deal with a bad person thinking that they ll figure out this weird mechanics of the legals to make sure that they never lose out. Never works.

Transcript

Transcript generated with Whisper (turbo).
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
00:00:00.000 Most people try to use legals and contracts
00:00:03.220 and complicated structures to mitigate risk
00:00:06.200 because they know in their heart 0.99
00:00:07.840 that that person they're doing to deal with sucks. 0.90
00:00:10.480 They know that person's not trustworthy. 0.98
00:00:12.260 They've heard negative things.
00:00:13.520 They've already seen the writing on the wall
00:00:15.840 and yet they try to do a deal with a bad person
00:00:18.780 thinking that they'll figure out
00:00:20.300 this weird mechanics of the legals
00:00:22.460 to make sure that they never lose out.
00:00:24.380 Never works.
00:00:25.380 Recently, I was doing a business deal
00:00:26.820 And my partner in the deal is one of the best humans alive.
00:00:30.160 And at the end of it, we got on a call with the lawyers, the accountants.
00:00:32.840 We had a quick conversation.
00:00:34.040 And 32 minutes later, we made a decision on how we're going to divvy things up.
00:00:37.720 That's an example of making life easier when you work with people that you trust.