The Mindset Behind Building a Great Little Business | Brad Jacobs

0:00So I looked at that org chart and said this is a messed up org chart, which is great for making money.

0:05If you can find something that's messed up and easy to unmess up, booyah, there's your money.

0:11There's your opportunity to make a lot of money.

0:12You've made a few billion dollars.

0:15What lessons have you learned about money and spending money and living with money that you wish you knew sooner?

0:21You know, Susan, you throw me off a little bit with the question because when you look at the numbers, the real growth has been through M ⁇ A, through acquisitions.

0:29What's been my secrets on acquisitions?

0:30Here's the gist.

0:31A lot of people have a rigid business plan that's spelled out for many years and that's it.

0:37And it's very...

0:37It doesn't usually work.

0:39Why?

0:39Because life changes.

0:40Markets change.

0:41Economies change.

0:42And if you're rigid, if you're just rigid thinking, you're going to have things come your way to make money for shareholders and feel, well, it's nice.

0:49It's great, but it's really not our thing.

0:51That's a bad way of thinking.

0:52You said you can get a lot of things wrong if you get the big trend right.

0:56What major trend are you most interested in right now?