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The speaker discusses the importance of working with partners in business and the necessity of protecting oneself in such collaborations. They recount two recent instances involving students who faced challenges in their partnerships. In one case, two members from an owner forum were attempting to form a partnership, while in another, a member partnered with someone met at a boot camp to engage with a third party as general partners. The speaker emphasizes the need to ask fundamental questions, particularly regarding written agreements and the nature of their relationship with the individuals involved. This highlights the need for clear documentation and understanding in business partnerships.