High Signal Podcasts Evidence ledger
Method
Browse
← Back to evidence

Evidence receipt / belief

Published · transcript-backed

David Rosenthal: belief

15 Dec 2025 Acquired 10 Years of Acquired (with Michael Lewis)

“I think there are two different things that we're talking about here. One is milking the market, yes or no.”

— David Rosenthal

Source trail

Everything needed to verify it.

Speaker
David Rosenthal
Attribution
Verified speaker
Claim type
belief
Recorded
15 Dec 2025
Publisher
Acquired

Transcript context

…Sometimes they end up having negative value, and you become a person who that's what you're about. It's like you're saying, I'm going to be the person who just follows the financial incentives rather than I'm going to control. They could be useful. They get you out of bed in the morning for a while, but you going to have to control them. I love that you're not milking the market. I think there are two different things that we're talking about here. One is milking the market, yes or no. The other one is, do you want to build an enterprise, or do you want stay a boutique? To your question for us, like why don't we create more Acquireds, we don't want to manage other shows, podcast hosts. People often tell us, oh, you're building this business, you guys are foolish because there are all this key man risk. You're building this great business, but if either of you leave, unfortunately your business has low enterprise value. We're like, but if we sold this business, then we would just go start Acquired. We're already doing the thing.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.

Search evidence