Tim Ferriss, Entrepreneur; Public Speaker; Author, Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers
Naval Ravikant, CEO and Co-Founder, AngelList—Moderator
Whether you’re a millionaire-in-the-making or just trying to check off your to-do list every single day, you’re always on the hunt for how to do your best, but where do you even start? Enter Tim Ferris of Four-Hour Work Week, and his latest book Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers. Just for you, Tim picked the brains of 200+ of the most creative, successful leaders from around the world to help you do better every day, including Brene Brown, Malcolm Gladwell, Jamie Foxx, Reid Hoffman, and dozens of others. He asked them actionable questions (What does the first hour of their day look like? What do their workout routines look like and why? What are the biggest time wastes they avoid?) so that you can apply their philosophies to your own life. To quote Tim, who tried many of these tactics himself, “The lessons have made me millions of dollars and saved me years of wasted effort and frustration.” Come hear from Tim at INFORUM, and who knows—maybe you’ll end up featured in his next book!
Thanks a lot! Tim Ferriss ist truly inspiring and interviews with him are always fun to listen to.
I like tim because he's smart and knows how to learn stuff fast, but people need to remember that he's human aswell. when people treat him like the mesiah, then you llook at what he says, then it doesn't look like useful information.
48:00 cough Dave Asprey
Must have gotten some mycotoxins stuck in my throat
My Hero, People like him fuels me!
"The most important
"The most important relationship you have is with yourself" -- Naval Ravikant.
CLIP USED FROM: https://tim.blog/2020/10/14/naval/
Filtering the non-essentials and focusing on what’s important: the art of living. Each episode is an alchemic blend of thoughts on books I’ve read, the esoteric world of health and fitness, some cryptocurrency dabble and the nature of consciousness.
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#NavalRavikant #Meditation #TimFerriss #TheTimFerrissShow
Found this really insightful!
Also, we have hadeda's in Australia too, less annoying though (they don't make any noise) also they have a cool nickname, Bin Chicken ahahha!
I think you did capture the best part from the podcast. I had known of Naval from Joe Rogan's podcast but this one with Tim hit closer to home. I really need to try out his way of meditation. Quite exited about it.
Naval Interviews Nassim
Naval Interviews Nassim Taleb at blockcon. They talk Antifragil, Skin in the game, Black Swan, Crypto and more!
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Super interesting! Crazy how such interesting content has such little views on here! I've recently discovered Naval and Taleb and currently going through their content :)
SUMMARY NOTES P1
Taleb went from practice → theory (trading → academic in modelling)
YOU DONT WANT TO IMPRESS YOUR PEERS - AWARDS DONT MEAN ANYTHING!
REALITY JUDGES YOU - IT'S THE INVERSE OF HOW YOUR PEERS JUDGE YOU! TALKING ABOUT YOUR PLANS TO OTHERS DOESNT MEAN ANYTHING! JUST CHANGES PPLS PERCEPTION - BUT AT END OF DAY YOUR RELATIONSHIP WITH REALITY IS WHAT COUNTS!!!!!!
THE ONLY PERSON YOU WANT TO IMPRESS IS YOUR ACCOUNTANT - OR THE PERSON WHO CHECKS YOUR NET PROFITS
ACADEMIA IS A BIZ WHERE PPL ARE ENTIRELY JUDGED BY PEERS AND NOT REALITY
STOP TRACKIING INPUTS - YOU WANT TO TRACK OUTPUTS!
Kinda reminds me of Naval and his rules of not playing the status game - as it's 0 sum game and waste of Energy and Focus and Time
PSEUDO EXPERTS COMPARE THEMSELVES TO ACTUAL PPL DOING THE WORK IN REALITY - *****LOOK AT THE IMAGE ON THE BACKDROP!
WOW, INTERESTING! - NAVAL SAYS EVEN THO HE GOT ECON + COMP.SCI DEGREE LEARNING MACRO WAS A USELESS ALMOST DISTRACTION FROM REALITY - VENTURE INVESTING!
MACRO IS ANOTHER BRANCH OF POLITICS - USELESS ARGUING - MICRO IS USEFUL THO
AT END OF THE DAY IS THERE A P/L OR SOMETHING IKE IT? WHERE REALITY RESULTS ARE THE FINAL JUDGE OF YOUR PERFORMANCE AND VALUE - NOT SOME RANDOM EXTRACTED CIRCLE OF BS
Hammurabi's law - as explained by Taleb - makes you unable to hide risk! this is key - you CANNOT HIDE RISK - YOU MUST UNDERSTAND THE CONSEQUENCE AND TRY TO NOT FALL VITIM TO IT!
HAMMURABI'S LAW - CORE MESSAGE = YOU CANNOT WALK AWAY FROM THE RISK YOU HAVE HIDDEN - NEED SYSTEMS AND DESIGNED ENV FOR THIS TO BE THE CASE - YOU CANNOT TAKE ANY SHORTCUTS OR LIE TO YOURSELF!
Banks don't make any money they survive of taxpayers money - bankers know how to hide risks very well from society
YOU CANNOT HAVE ANY UPSIDE IF YOU DO NOT BEAR THE POTENTIAL DOWNSIDE AS WELL - YOU NEED TO OWN YOUR RISK IF YOU WANT TO SUCCEED!!!! --> NAVAL-"TAKE ACCOUNTABILITY"
After the initial Hammurabi rule - laws where softened and now the Golden rule came about had 2 types +ve Golden Rule "do unto others as you would like them to do unto you" and -ve Golden Rule - "Don't do unto others as you wouldn't want them to do unto you" → -ve golden rule way more impactful and useful cos stops ppl from forcing others to do things which they wouldn't mind to be done onto themselves but others would not like
there used to be golden rule considerations where things where a bit fairer and ppl where paid back when they lost out on something - but in present times we do not follow the golden rule no longer
at no time in history but very small periods did you have leaders who took less physical risks than the common follower
basically more power = trading status for obligation to protect
but in present times this is not the case - warmongers can lead from the back and not put their own neck on the line or skin in the game!
Back then the leaders where on the front line and the ppl who traded their status for risk - unlike now
damnnn only <1/3 of emperors died in their bed of natural causes - rest died in battle or where assassinated!
Zahavian (costly) signalling - a phenomenon that general populations can tell if you have skin in-game or not!
virtue used to exist where ppl would display that they had their skin in the game - but now fake virtue exists - ppl act as if they have skin in the game whilst really they're not on the frontline - yet trying to order others around (politics, academia, businesses leveraging peer given awards etc)
****TALEB RECOMMENDS IF YOU'RE YOUNG YOU SHOULD FOCUS ON STARTING A BUSINESS! DO NOT JOIN AN NGO OR JOBS FOR SALARY → YOU NEED TO TAKE RISKS AND FAIL - STARTING A BUSINESS GIVES SOCIETY WAY WAY MORE VALUE THAN WORKING FOR SOMEONE ELSE OR JOINING AN NGO
BASICALLY STARTING AND FAILING BUSINESSES IS THE SAME AS VIEWING A FALLEN SOLDIER - YOU'VE DONE SOMETHING MORE HONOURABLE THAN SOMEONE WHO NEVER BECAME A SOLDIER → START YOUR OWN BIZ AND HAVE SOME SKIN IN THE GAME! YOU'LL BE OF MORE VALUE TO SOCIETY THIS WAY THAN VIRTUE SIGNALLING FROM YOUR ZONE OF COMFORT!
EQUALITY OF OUTCOME IS IMPOSSIBLE BUT WE CAN STRIVE TOWARDS EQUALITY OF OPPORTUNITY - EDUCATION IS ONE TOOL WE CAN USE TO HELP MOVE SOCIETY CLOSER TO THIS
CAN ALSO USE A MORE -VE METRIC TO CALCULATE EQUALITY OF OPPORTUNITY - HOW MANY LARGE BUSINESSES FAIL? IF IT'S HIGH THEN YOU KNOW THE INVERSE OF THIS MAY ALSO EQUAL THE CHANCE TO SUCCEED! (NOT EVERYTHING IS 0 SUM GAME THO)
WOW OK - SO DOESNT MATTER HOW MUCH SOMEONE KNOWS OR SAYS THEY'VE ACHIEVED AT THE END OF THE DAY DO THEY HAVE SKIN IN THE GAME? - HAVE THEY DONE WHAT THEY SPECIALIZE IN - IN REALITY? DO THEY HAVE SKIN IN THE GAME? NAVAL SAYS: "A LOT OF PPL ASK IF HE HAS ANY RECOMMENDED TEXTBOOKS ON GAME THEORY → GROWING UP HE NEVER READ ANY GAME THEORY BOOKS - HE'S JUST BEEN IN MANY GAME THEORY SITUATIONS IN REALITY AND THAT'S HOW HE LEARNT GAME THEORY!" → AT END OF THE DAY FIRST Q TO ALWAYS ASK IS DO YOU HAVE SKIN IN THE GAME???!
THE BEST TEACHER IS REALITY NOT A SIMULAITON OF REALITY!
I DEFFO NEED TO READ TALEB'S WORK - HE GOES IN ON SKIN IN THE GAME CONCEPTS AND WHY EDUCATION ISN'T BEST METRIC FOR REAL WORLD SUCCESS
****INTERESTING, INTERESTING, INTERESTING, INTERESTING!!!!! - WHEN NEEDING TO PICK 2 PPL FOR A SPECIFIC TASK THE PERSON WHO YOU CAN TELL HAS SELECTION BIAS GOING AGAINST THEM IS THE PERSON WHO YOU SHOULD GO FOR! THIS IS COS THEY HAD TO OVERCOME A LOT OF SELECTION BIAS TO GET TO WHERE THEY ARE NOW - SO LIKELY THEY HAD TO WORK HARDER AND THUS ARE LIKELY TO BE MORE GIFTED THAN THE OTHER MORE POLISHED PERSON WHO PROB NEVER ENCOUNTERED ANY SELECTION BIAS!
NAVAL ALSO MENTIONS IN INVESTING WITH STARTUPS - LIKELY YOU'LL AVOID THE PPL WHO LOOK OVERLY POLISHED AND WELL PRESENTED - MORE LIKELY THE SPECIAL PPL WITH POTENTIAL ARE THE ONES WHO HAVE SO MUCH SKIN IN THE GAME AND ARE BURIED IN THE "LAB" WORKING ON THEIR PRODUCT - IT SHOWS THEY ARE FOCUSED AND PROB HAVE MORE POTENTIAL IF THEY WERE LIKELY TO OVERCOME PREVIOUS SELECTION BIASES!
THAT'S INTERESTING - IF BUSINESS PLAN IS TOO WELL WRITTEN THEN IT'S A TURN OFF FOR INVESTORS!
NAVAL'S INTRO TO NASSIM
NAVAL SAYS THAT NASSIM = NATURAL PHILOSOPHER → SOMEONE WHO DOES WORK IN SCIENCE BUT APPLIES IT TO REALITY AND ISN'T WITHIN A SCIENTIFIC INSTITUTION!
NASSIM ON SYMMETRY AND ASYMMETRY
****TRIAL + ERROR WILL ALWAYS OUTPERFORM DESIGN! FROM TRIAL + ERROR YOU'LL FIGURE OUT WHAT WORKS AND WHAT DOESN'T THEN SCALE UP WHAT WORKS AND SCALE DOWN WHAT DOESN'T
****WOW OK - TALEB STATES BY FOLLOWING TRIAL + ERROR OVERTIME WE WILL END UP WITH PRODUCT OR OUTCOME ACHIEVED AS IF IT WAS DESIGNED BY SOMEONE WITH 100+ IQ → BASICALLY ONLY WAY TO HAVE GREAT PRODUCT IS BY TRIAL AND ERROR AND DOING MORE OF WHAT WORKS AND FURTHER OPTIMISE IT AND LESS OF WHAT DOESNT → LINKS TO EVOLUTION VIA NATURAL SELECTION PROCESS!
TALEB MENTIONS THE LINDY EFFECT
1946 ONWARDS WAS WHEN NEWS NO LONGER WAS ORGANICALLY PRODUCED AND DISTRIBUTED BY SOCIETY → RATHER IT WENT TO SMALL MINORITY BIG MEDIA CORPORATIONS WHO CONTROL IT NOW
wow. Highly underrated video. Thanks for uploading.