Sieva Kozinsky - Long-Term Thinking is an Advantage - Ep.212 [TLAO Replay]

Think Like an Owner

Feb 27 2024 • 1 hr 14 mins

Ep.212: Alex Bridgeman (@aebridgeman) is joined by Sieva Kozinsky (@sievakozinsky). My guest on this episode is Sieva Kozinsky, co-founder of Enduring Ventures, a holding company founded in 2019 with 17 acquisitions to date. Sieva and I met at a dinner following the Berkshire Hathaway meeting in Omaha, his first time attending the meeting. A theme from our first conversations in Omaha that continues through this episode is long-term thinking being a huge advantage, and that compounding happens everywhere. Reputation, lessons, and learning - well beyond capital alone. Given that our guest last week, Eric Jorgenson, is the CEO of one of Enduring's companies, I thought this would be a timely episode to bring back to the top of the feed We talk about Sieva’s background as a founder and how it impacts his role at Enduring Ventures, how he discovered he is a better buyer than a builder, great companies and founders he’s studied and taken lessons from, and much more. Enjoy! Listen weekly and follow the show on Apple Podcasts, Spotify, Google Podcasts, Stitcher, Breaker, and TuneIn. Learn more about Alex and Think Like an Owner at https://tlaopodcast.com/ I want to tell you about the audience survey we are currently running. These surveys help us create the best content for listeners and better understand your needs and interests. Thank you in advance for sharing your feedback, we greatly appreciate it.  Take the survey here: https://bit.ly/3QLBB1N Links: Sieva on LinkedIn Sieva on Twitter Enduring Ventures Founders Podcast Titan: The Life of John D. Rockefeller by Ron Chernow The Gambler: How Penniless Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History by William Rempel Topics: (00:00:00) - Intro (00:04:27) Belief Documents (00:09:13) Long-termism trends (00:11:57) Takeaways from the Berkshire Event (00:20:36) Helping employees & executives think and behave like an owner (00:26:17) Being a Buyer vs. Builder (00:33:08) Culture Index (00:35:55) The importance of having experience as a founder/operator to succeed at Enduring (00:44:50) Perretto Prinicples (00:54:17) Habits, tactics, and learnings from biographies on great founders and companies (01:08:46) What strongly held belief have you changed your mind on? (01:10:06) What’s the best business you’ve ever seen?