These women understood that and they said, вЂOkay, letвЂ™s be pragmatic about our growth. If you lose the person running logistics or sales compliance or accounting, itвЂ™s very disruptive. When you hit your targets each quarter, your attrition of staff is practically zero, and that really matters in a private company. Gronk was there his entire career and even went with Brady to Tampa. They kept winning over and over and over again. LetвЂ™s say youвЂ™re playing for Tom Brady during the years he was at the Patriots. Why do women entrepreneurs get better outcomes? вЂњLetвЂ™s use an analogy of football. Then we looked at the same data for the women, and we discovered that they hit their targets 95% of the time, but they only assumed growth of 15%.вЂќ HereвЂ™s what we discovered: In the companies that were run by men, in our case, they had very high growth targets, but they only hit their targets 65% of the time, and they had average growth rate targets of 30%. Over and over again, these women outperformed, so we started to go look at how they did it. ItвЂ™s not return on capital but return of capital that you care about. ThatвЂ™s what matters when youвЂ™re in a private company and youвЂ™re dealing with entrepreneurs. The outcomes were significantly better on the female-operated companies. вЂњA few years ago, we started to notice the differentiation between our companies run by men and the ones run by women. That really was the foundation of my investment philosophy, because I saw it actually happen.вЂќДЄn interesting trend.

WeвЂ™re middle class.вЂ™ But lo and behold, I saw the effects of 55 years of compound dividends and interest, what that can do for you, and how putting aside some of your income for your whole life accrues incredible benefits later. Your mother died a very wealthy woman.вЂ™ I said, вЂNo, thatвЂ™s not possible. When she passed away, I got a call from the executor of the estate saying вЂYouвЂ™ve got to come down here. She was not a financial analyst, but she invested in telco bonds, S & P companies that paid dividends, and she had a portfolio for over 55 years that sheвЂ™d kept secret from both of her husbands. She didnвЂ™t want someone to have control over her destiny, and so from a very early age in her life, she started putting away 20% of her income from her salary. She really believed in financial independence. She had had a traumatic life in the sense that her life turned upside down when my dad died.

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