In part 2 of this episode, Jon and Elizabeth pick up on the previous episode's discussion about the lessons Jon took from the Berkshire Hathaway annual shareholder forum and dive deeper into their own personal experience and thoughts surrounding other life lessons important to the journey of entrepreneurship. These topics include:
– The changing business landscape with the innovations that AI brings and the importance of adaptability to stay afloat.
– Recognizing the value of cash as an investment tool.
– Psychology of investing and business and how to navigate through bad actors.
– Figuring out your path first to then seek good information and mentors to guide you.
– The dangers of “living on default” and not taking control over the type of life you want.