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5 Random But Useful Things I Learned At A Private Equity Conference

From My First Million · Published Jul 4, 2025 · Watch on YouTube

TL;DR

The video recounts speaker notes from an LA trip, including a real estate conference (ReConvene) where a attendee named Will used a "low status technique" (self-deprecation, hyping others) to become the most popular person.

Key insights

  • Will's low-status approach at conferences: he self-deprecates (calls his business "the hardest form of real estate that will pay you the least"), always redirects attention to others, gives hyperbolic
  • Paul Graham's city essay is referenced: San Francisco whispers "you're not ambitious enough", New York whispers "you're not rich enough", LA whispers "you're not hot enough". The speaker notes LA peop
  • "The richer the guy, the weirder the guy" – outlier successful people often have unconventional relationships, hobbies, or social skills. The speaker suggests this is because they were willing to be u

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