Transcript
0:00 I got a sports facility. We're generating about 3 and 1/2 mil a year, but my question is not about this. My question is about >> My wife. We have to talk. >> >> 14 years ago, I opened the first the only professional team here in Vegas, and I failed miserably. At the fourth year, my wife told me it's either the the team or we're divorcing. Now, I know how why I failed, and here I am with an opportunity to bring the team back.
0:26 >> Okay. >> Should I go and do it the right way this time, or this is something that if you feel, you know, why you have a good thing going on, why go back to something bad? >> From a business perspective, >> >> it's actually I think it's fairly black and white. So, you don't have a business question, you have a life question. The framework that I would use I I I like the regret minimization framework of looking at 85-year-old me coming back to the present and saying like, would I be okay with failing at this business and torpedoing the one that was working so that I could say I had a shot, cuz you can't play out, oh, I get, you know, the team becomes a billion-dollar company.
1:03 Well, it's like, yeah, duh, that of course we'll do that one, right? But, we have to look at what's the worst-case scenario, and am I okay with that worst-case scenario? If I'm okay with the worst-case scenario, then I'm going to take the swing. If I'm not okay, then I just say that I'm not going to sleep with every woman and I will have to get married at some point.