Scott Galloway: Do This In Your 20s To Make Millions In Your 30s

The key is not finding your passion but finding your talent and then committing to developing mastery. And if you can develop mastery in anything that has a 90+ percent employment rate... the economic accoutrements, the camaraderie, the prestige, the relevance, just the sheer joy of mastery will make you passionate about whatever it is.

The number one source of retention, the number one lever for retention, people think it's compensation, people think it's culture, its whether or not that person has a friend at work.

The sexier the business, the lower return on investment.

'08 to present is probably going to go down as the greatest extended bull market run in history. People don't understand just what an anomaly the last 16 years have been relative to the history of the market.

That would be my advice to people is be humble when you have wins—because a lot of it isn't you—but also forgive yourself because, you know, again, a lot of it isn't you.

Everyone on this podcast, everyone we know, everyone we care about, what they think of us, they're going to be dead in 100 years. In a blink of the history, nothing you say or do or what anyone else thinks of you is going to matter for very long.

If you're ambitious and you want to have influence or economic security, before you collect dogs and kids, you got to get to a city. Two-thirds of economic growth is going to happen in just 20 cities.

I think the key to building a small businesses retention.

You are never more prone to a really big mistake then right after a big win.

If you don't have a kitchen cabinet of people that you learn enough about that you can mimic them, you're trying to play a team sport solo; you're on the field alone.

If you aren't trying really hard and taking risks and failing and then knowing when to pull the plug and move on, you're not taking advantage of the American embrace of risk and failure.

This notion, the myth of balance, get over it. If you expect to be influential or economically secure, you're not gonna have a lot of balance for a long period of time.