Invest Like The Best
Episode 333 The US Health Crisis
Invest Like The Best

Episode 333: The US Health Crisis

Invest Like The Best

Episode 333

The US Health Crisis

Justin Mares is the founder of TrueMed. We cover the underlying problems in the US healthcare system, his experiences building and investing in consumer brands, and the most interesting ideas around nutrition and health today.

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(00:03:06) - (First question) - Framing the overall problem of the US health system

(00:04:12) - What it would take for America’s health crisis to affect global competitiveness

(00:11:05) - Important changes that have contributed to the decline of health in the US 

(00:14:53) - Other system settings and incentives have contributed to America’s health crisis

(00:16:51) - Thoughts on Ozempic and attempts to engineer solutions for chronic disease

(00:20:07) - Mental health decline, infertility, and other problems tied to the health crisis 

(00:24:33) - When he first discovered this problem and became passionate about it

(00:26:56) - The difficulties of building a health-centric bone broth company 

(00:31:49) - Why no one has a built supply chain sourcing service to create scale economies

(00:34:44) - Other companies he’s built and other things he’s doing to fight the problem 

(00:40:15) - Going to market to simplify the HSA consumer experience 

(00:43:04) - The world of water, environmental toxins and forever chemicals writ large

(00:47:17) - The difficulty in avoiding forever chemicals in our everyday lives 

(00:51:51) - How he searches for and decides on new businesses to start or invest in   

(00:56:52) - The growing popularity and promise of psychedelic therapy 

(00:58:48) - Personality traits of people who feel most at home in Edge City

(01:01:36) - Strategies on sourcing and connecting with ambitious and talented people

(01:06:56) - Childhood nutrition and the impact of their diets and health on society 

(01:11:26) - Capital formation and creating new businesses in a systematic way

(01:19:57) - The kindest thing anyone has ever done for him 

The US Health Crisis

Introduction

Patrick
My guest this week is Justin Mares. Justin has built three consumer health-focused brands over the past decade. Every time I speak with him, he makes me reflect on my own health and the state of our health more broadly. This conversation is no different. As Justin puts it, we're in a health crisis that could ultimately bankrupt our country.

We talk about the inputs, incentives and potential solutions related to that crisis and then move into his experiences building and investing in consumer brands. We finished with a fascinating discussion on why it’s more common to see repeat founders these days. Please enjoy my great conversation with Justin Mares.

Underlying Problems in the Healthcare System

Patrick
I know we're going to talk a lot about the U.S. health system. Maybe the right thing is a framing because we all live in this system and probably haven't thought too much about it or take it for granted. And I think there's some huge underlying problems that trace back maybe 50, 60 years. Could you begin by just giving what you think is the cleanest frame of the overall problem as you see it having built multiple businesses kind of in and around this space?

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