In this episode of EYL, hosts Rashad Bilal and Troy Millings sit down with guest Derrick Hayes, a successful entrepreneur and CEO. The conversation revolves around the mindset of a winner, the challenges of being a CEO, and the importance of creating opportunities for others. The video transcript reveals Derrick's perspective on winning and self-improvement. He acknowledges that as a winner, he often feels like he's losing because he focuses on what went wrong and how he can improve. However, he also mentions that he feels like he's winning because he works hard and is relentless in his pursuit of success. Derrick emphasizes the importance of being hard on oneself and not settling for mediocrity. He believes that by not congratulating oneself too often, it fuels the drive to achieve more. He also highlights the significance of waking up every morning and doing what one loves, as many people are unhappy with their lives because they aren't pursuing their passions. The conversation then shifts to Derrick's ventures in Hollywood and content creation. He hints at the possibility of a show featuring Pinky, indicating the incredible opportunities that have come his way as a result of his hard work and success. Derrick expresses the satisfaction of being able to choose what projects to pursue and the importance of only taking on opportunities that align with one's values and goals. Derrick also mentions his role as an investor and the importance of people having their businesses in order before seeking investment. He emphasizes the need for professionalism, preparedness, and a solid business plan when approaching potential investors. He shares his experiences of having to make tough decisions and let go of people he cared about when they weren't contributing to the mission and vision he had for his company. The hosts delve into Derrick's corporate structure, with him revealing the various roles within his company, including a president, CFO, and human resources team. He mentions that some of the positions are filled by people he knew, but he also recognizes the value of bringing in qualified strangers who command respect from the team. The conversation touches on the topic of children growing up in privilege and the potential loss of appreciation for the “grit and grind.” Derrick expresses his intention to provide opportunities and resources to his children while instilling in them the importance of being community leaders and using their privilege to benefit others. Lastly, the dialogue highlights the need for talent that can meet the expectations and vision set by entrepreneurs. Derrick draws on an analogy from Dan Cathy, CEO of Chick-fil-A, comparing entrepreneurs to musical composers who surround themselves with talented musicians. He stresses the importance of not lowering one's standards but instead seeking higher-level talent to align with the overall vision. In summary, this episode explores the mindset of a winner, the challenges of being an entrepreneur, and the importance of creating opportunities for oneself and others. Derrick Hayes' insights and experiences provide valuable lessons for aspiring entrepreneurs and serve as a reminder to be relentless in the pursuit of success while staying true to one's values. Hashtags: #entrepreneurship #successmindset #opportunity #hardwork #selfimprovement #businessgrowth #leadership #gritandgrind #EYL #interview Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

In this episode of EYL, Rashad Bilal, Ian Dunlap, and Troy Millings discuss why the legendary investor Warren Buffett is hoarding a record-breaking stockpile of cash. With a staggering $157 billion in cash reserves, Berkshire Halfway's strategy has caught the attention of investors and economists alike. Ian Dunlap emphasizes that Warren Buffett's large cash reserve indicates a lack of investable assets in the current market. He suggests that commercial real estate, especially in San Francisco, may be overvalued, and a potential bubble is on the verge of bursting. The city's significant homeless issue and potential bankruptcy risk further support this claim. When the bubble does burst, having ample cash on hand allows investors like Buffett to swoop in and purchase assets at the right price. Ian Dunlap also points out the importance of timing in the market. He advises against buying assets solely based on hype or current trends, and instead urges investors to look at macro opportunities. Notably, famous investors like Druckenmiller, Jones, Buffett, and Blackrock are not aggressively buying at the moment, suggesting that it may not be the right time to enter the market. Rashad Bilal adds that hoarding cash serves as a preparation for a rainy day. Being prepared allows investors to seize opportunities when they arise, while others get drenched. Warren Buffett's strategic plan in accumulating cash is not accidental but a deliberate approach to maximize future investments. Troy Millings brings attention to the travel tendencies of investors like Warren Buffett. By analyzing their travel destinations and the thriving economies in those regions, investors can gain insights into their next investment moves. Millings highlights Buffett's visits to China, Taiwan, and conversations about the semiconductor industry as indications of his interests and potential investment directions. The discussion also touches upon the significance of Apple in Buffett's portfolio. Apple has become a safe investment option, outperforming bonds and providing steady returns. Ian Dunlap suggests that investing in companies and opportunities that offer safety and consistent returns is crucial, as not many investments can deliver extraordinary profits. Finally, the hosts urge viewers to recognize the importance of making informed investment choices and finding reliable sources for financial advice. Ian Dunlap encourages those who have benefited from his investment strategies to acknowledge it, emphasizing the rarity of individuals who consistently generate profits for others. This episode of EYL delves into the reasons behind Warren Buffett's cash hoarding strategy and the implications it may have for the overall economy. It offers valuable insights and prompts viewers to consider the macroeconomic factors influencing investment decisions. Tune in to understand why one of the world's most successful investors is opting for cash as the best bet for future opportunities. #WarrenBuffett #Investing #CashReserves #Economy #AssetInvestment #CommercialRealEstate #MarketBubble #TravelTendencies #InvestmentStrategy #Apple #InvestmentSafety #FinancialAdvice #EYL #Entrepreneurship #FinanceDiscussion Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy