Timothy Ferriss's Blog, page 101
October 15, 2014
Tony Robbins on Morning Routines, Peak Performance, and Mastering Money
“Our revenues are now over $5 billion annually. Without access to Tony and his teachings, Salesforce.com wouldn’t exist today.”
– Marc Benioff, Founder of Salesforce.com
“[Tony] distills the concepts of the best investors in the world into practical lessons that will benefit both naïve investors and skilled professionals.”
– Ray Dalio, Founder of Bridgewater Associates, the world’s largest hedge fund
Tony Robbins is the world’s most famous performance coach. He’s advised everyone from Bill Clinton to Serena Williams, and from Leonardo DiCaprio to Oprah (who calls him “superhuman”).
For years, you’ve also asked me to interview him in-depth — so here it is! I flew to Florida to spend time with Tony in his home, and what ensued was an epic two-part conversation. It covers just about everything imaginable.
My visit coincided with his first new book in 20 years: Money–Master the Game.
I love Tony’s work and it helped me start my first company, but when I got an early draft of the book, I thought to myself–really? Another book on money? Ugh. I prepared to be bored, especially since I think of myself as an experienced investor [pats self on back]. Instead, and very surprisingly, I was blown away. Before I knew it, I was pushing off other work, letting my dinner get cold, and staying up hours past bedtime each night, all because I couldn’t stop reading.
Why?
First off, he saved me years of my life! Over the last 10 years, I’ve been approached by several top hedge fund managers, who’ve suggested I write The 4-Hour Investor by collaborating with them and their friends. Tony has written that book perfectly, so it saves me the trouble. I can just point people to this book. Which leads me to…
Reason number two, he goes DEEP with many of the investing icons I’ve always wanted to meet, including Paul Tudor Jones (who he’s coached for 10+ years), Ray Dalio, Carl Icahn, David Swensen, Kyle Bass, and many more. These are the hard-to-interview “unicorns” who consistently beat the market, despite the fact that it’s called impossible. In this book, they disclose details and examples I’ve never seen anywhere else, and I’ve read A LOT of books on investing. For me, the interviews alone were worth the entire book.
Third, he solved the problem that I couldn’t. How do you write a book for both the novice and the sophisticated expert? How do you account for the differences in goals (e.g. growth versus security) without creating a mess of a book with no structure? He nailed it.
Fourth, and last for this blog post, this book isn’t just about “investing.” It’s about clear thinking and clear priorities applied to big things. By the time I’d read half of the book, I’d already taken steps that doubled my income for that month. While it wasn’t stocks or bonds, the principles of the book translated to my other business decisions. Obviously, you’re mileage will vary, but I found the flexible toolkit worth as much as the specific recommendations related to asset allocation, etc.
In the following interview, we dig into everything: Tony’s morning routines, his diet, how we works with the world’s highest-performing athletes and traders, common misconceptions about him, the most typical money mistakes he’s uncovered, and on and on. I even ask him to palm my entire face (pic coming soon, I promise).
Enjoy!
Tons of links and goodies in show notes below…
If you can’t see the above embedded players, here are other ways to listen:
Listen to it on iTunes.
Stream by clicking Part 1 here and Part 2 here.
Download both as MP3 by right clicking (Part 1, Part 2) and choosing “save as”.
This podcast is brought to you by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results.
Also, how would you like to join me and Sir Richard Branson on his private island for mentoring? It’s coming up soon, and it’s all-expenses-paid. Click here to learn more. It’s worth checking out.
QUESTION(S) OF THE DAY: What is the best piece of investment advice you ever received or read? Please let me know in the comments.
Scroll below for all show notes, and thank you for listening!
Do you enjoy this podcast? If so, please leave a short review here. It’s very important to keep the show going.
Subscribe to The Tim Ferriss Show on iTunes.
Non-iTunes RSS feed
Selected Links from the Episode
Myelin
Evernote
Marc Benioff
Ray Dallio
Warren Buffet
Carl Icahn
Grandmaster Jhoon Rhee
Kyle Bass
Charlie Rangel
Marc Andreessen
October 9, 2014
Ramit Sethi on Persuasion and Turning a Blog Into a Multi-Million-Dollar Business
If you want detailed tactics and hilarity, Ramit Sethi is your man. Here one quote from this episode, to give you an idea: “Indian people don’t get punched, dude. We don’t get into fights. We’re doing spelling bees.”
Ramit Sethi built his personal finance blog up to 500,000+ readers per month, and has since turned it into a revenue generating monster. I don’t use that phrasing lightly. In this episode, we dig into the nitty-gritty tools, software, and experiments he’s used to turn a college side project into a multi-million-dollar business with 30+ employees.
Tons of amazing links and goodies below…
Stream with the player below:
If you can’t see the above, here are other ways to listen:
Listen to it on iTunes.
Stream Part 1 here and Part 2 here.
Download both as MP3 by right clicking (Part 1, Part 2) and choosing “save as”.
This podcast is brought to you by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results.
Also, how would you like to join me and billionaire Richard Branson on his private island for mentoring? It’s coming up soon, and it’s all-expenses-paid. Click here to learn more. It’s worth checking out.
QUESTION(S) OF THE DAY: Do you think I should create a course of some type? If not (and if writing a book isn’t an option), what would you like to see me create next? What would be most helpful to you? Please let me know in the comments.
Scroll below for all show notes.
Enjoy!
Who should I interview next? Please let me know on Twitter or in the comments.
Do you enjoy this podcast? If so, please leave a short review here. It keeps me going…
Subscribe to The Tim Ferriss Show on iTunes.
Non-iTunes RSS feed
LINKS FROM THE EPISODE
Visit the Tim Ferriss Book Club on Audible
www.IWillTeachYouToBeRich.com
www.PBWorks.com
Ramit’s compilation of the best “Freeloader Comments”
Kevin Kelly article: 1000 True Fans
From Geek to Freak: How I Gained 34 lbs. of Muscle in 4 Weeks
Digg.com
Gigaom.com
Ramit’s post on the 4 Hour Blog: The Psychology of Automation: Building a Bulletproof Personal-Finance System
Hacking Kickstarter: How to Raise $100,000 in 10 Days
The $28,000 question: Why are we all hypocrites about weddings?
Learn more about Opening the Kimono® Event
How to Raise a Financial Wizard
YourSurrogateAsianFather.com
Check out Mark Bustos’ Instagram
50ProvenEmailScripts.com
12 Lessons Learned While Marketing “The 4-Hour Body”
A special giveaway from Ramit for our listeners
Books Mentioned in the Episode
The Checklist Manifesto: How to Get Things Right by Atul Gawande
Mindless Eating: Why We Eat More Than We Think Mass Market by Brian Wansink
The Robert Collier Letter Book by Robert Collier
Age of Propaganda: The Everyday Use and Abuse of Persuasion by Anthony Pratkanis and Elliot Aronson
The Social Animal by Elliot Aronson
Never Eat Alone: And Other Secrets to Success, One Relationship at a Time by Keith Ferrazzi
Iacocca: An Autobiography Mass Market by Lee Iacocca and William Novak
What They Don’t Teach You At Harvard Business School: Notes From A Street-Smart Executive by Mark H. McCormack
Entrepreneur Resources Mentioned in the Episode
Basecamp – Web-based project-management tool
Google Docs
Aweber – Email marketing and autoresponder software
Infusionsoft – A complete sales and marketing automation software for small businesses
Surverymonkey – Create and publish online surveys in minutes, and view results graphically and in real time
GitHub – Powerful collaboration, code review, and code management for open source and private projects.
Asana – A web and mobile application designed to enable teamwork without email.
Screenflow – Screen recording and editing software for Mac
Dropbox – A free service that lets you bring your photos, docs, and videos anywhere and share them easily
Wufoo - Online form builder with cloud storage database
Skype – A freemium voice over IP service and instant messaging client
Visual Website Optimizer – A/B Testing Software for Marketers
Umbel – a tool for understanding your audience
Documentaries Mentioned in the Episode
2 Million Minutes: A Documentary Calculating the Educational Divide
Jiro Dreams of Sushi
Show Notes
Why Ramit Sethi’s parents added the “R” to his original name, Amit
His grassroots beginnings as a personal finance teacher to friends
How his persistence garnered exposure for his blog in the Wall Street Journal
How his site functions like a laboratory
Why you only need to focus on caring for 1,000 die-hard fans
How a few world-class posts can change your life forever
The “secret recipe” for attracting lots of people to your posts and making them fall in love with your content
Ramit’s email practices and marketing techniques that generate 99% of his revenue
The entrepreneurial tools and software Ramit’s team uses to systematize the daily functioning of the business
A common email practice that people share as the “Law of God” that is completely false
Why you should encourage people to unsubscribe from your email list
How to sell a product without coming off like a spammy Internet marketer
Why Ramit turns away customers who have personal debt
What roles race and culture play in Ramit’s life
How I Will Teach You To Be Rich is like the Asian father some of us never had
His book recommendations for entrepreneurs
The longest lie his father ever told and why Ramit can’t wait to do the same to his children
The best investment he’s made for under $100
Email tips for building respectful relationships with busy people
October 7, 2014
Tony Robbins and Peter Diamandis (XPRIZE) on the Magic of Thinking BIG
If you want to 10x or 100x your results and impact, this interview with Tony Robbins and Peter Diamandis is a must listen.
Where else can you find two people who regularly advise everyone from Serena Williams to Bill Clinton, from NASA to the world’s fastest growing companies? Here’s their next project, if you want a sneak peek.
Stream with the player below:
If you can’t see the above, here are other ways to listen:
Listen to it on iTunes.
Stream here.
Download is as MP3 by right clicking here and choosing “save as”.
This podcast is brought to you by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results.
Also, how would you like to join me and billionaire Richard Branson on his private island for mentoring? It’s coming up soon, and it’s all-expenses-paid. Click here to learn more. It’s worth checking out.
Now, on to this episode’s guests… Note that show links are included below their bios.
TONY ROBBINS
Tony Robbins has consulted or advised international leaders including Nelson Mandela, Mikhail Gorbachev, Margaret Thatcher, Francois Mitterrand, Princess Diana, and Mother Teresa. He has consulted members of two royal families, members of the U.S. Congress, the U.S. Army, the U.S. Marines and three U.S. Presidents, including Bill Clinton. Other celebrity clients include Serena Williams, Andre Agassi, golf legend Greg Norman, and Leonardo DiCaprio. Robbins also has developed and produced five award-winning television infomercials that have continuously aired on average every 30 minutes, 24 hours a day somewhere in North America since their initial introduction in April 1989.
PETER DIAMANDIS
Dr. Peter Diamandis has been named one of “The World’s 50 Greatest Leaders” by Fortune Magazine.
In the field of Innovation, Diamandis is Chairman and CEO of the X PRIZE Foundation, best known for its $10 million Ansari X PRIZE for private spaceflight. Today the X PRIZE leads the world in designing and operating large-scale global competitions to solve market failures. Diamandis is also the Co-Founder and Vice-Chairman of Human Longevity Inc. (HLI), a genomics and cell therapy-based diagnostic and therapeutic company focused on extending the healthy human lifespan. He is also the Co-Founder and Executive Chairman of Singularity University, a graduate-level Silicon Valley institution that studies exponentially growing technologies, their ability to transform industries and solve humanity’s grand challenges. In the field of commercial space, Diamandis is Co-Founder/Co-Chairman of Planetary Resources, a company designing spacecraft to enable the detection and mining of asteroid for precious materials.
Scroll below for all show notes. Tons of amazing links and goodies…
Enjoy!
Who should I interview next? Please let me know on Twitter or in the comments.
Do you enjoy this podcast? If so, please leave a short review here. It keeps me going…
Subscribe to The Tim Ferriss Show on iTunes.
Non-iTunes RSS feed
Selected Links, Including Projects, Books, Etc.
BE SURE TO VISIT THE FIRST TWO TO SEE WHAT WE’RE WORKING ON
BOOKS MENTIONED
The Spirit of St. Louis by Charles Lindbergh
Man Who Sold the Moon by Robert A. Heinlein
The Singularity is Near by Ray Kurzweil
As a Man Thinketh by James Alan
Man’s Search for Meaning by Viktor Frankl
The Fourth Turning by William Strauss
Generations by William Strauss
###
QUESTION OF THE DAY: What books or resources have most inspired you to think BIGGER, to 10x your results or impact?
October 3, 2014
How to Travel to 20+ Countries…While Building a Massive Business in the Process
[Preface: The above is a pic of Necker Island, Richard Branson's private island. Would you like to join me and Richard Branson on Necker for a week of mentoring? Here are the details on how you can get an all-expenses-paid trip. It'd be great to meet you.]
The following is a guest post by Breanden Beneschott, co-founder and COO of Toptal, a marketplace for top developers. I have no affiliation with the company, but I found Breanden’s story fascinating.
This post covers how he traveled through 20+ countries while building a company, experiencing the best the world had to offer. His how-to instructions include travel tools, shortcuts, and all the non-obvious systems you’d expect from a great engineer.
For context and to kick us off, an excerpt from Breanden’s email to me might be helpful. Edited down a bit, here it is:
We started Toptal 3.5 years ago from my dorm room at Princeton (I think a week after I met you briefly in Ed Zschau’s class [TIM: I guest lectured there], where I decided to do my final paper on the company). By the time I finished school six months later, Toptal was doing well with clients and engineers all over the world. We decided to move to Eastern Europe and keep practicing what we were preaching, in terms of scaling a company via a completely distributed team. Doing so allowed us to funnel nearly all profits back into growing the business (and live like kings for next to nothing). We are now approx 60 team members and 1000 engineers (e.g., top-100 Rails contributors, guys from CERN, university professors, etc.) working with thousands of clients (e.g., Beats, Zendesk, Artsy, JPMorgan, etc.) with virtually zero restrictions when it comes to location.
People constantly ask me how I manage to travel and work the way I do. I had always hoped outside (non-Toptal) people would see this post and be inspired to join us or pick up and travel while working on their own big ideas.
BTW, I do expect that comments will highlight the ambiguity of the “growing hundreds of percent year over year” statement. We’ve very deliberately avoided most press until now, as we didn’t want to build a company based on PR, and we’ve never publicly announced our revenue. Right now we are well north of XXM/yr [TIM: I replaced the actual number with XX but, suffice to say, they have 9-figure acquisition offers and term sheets] and growing like a weed, but few non-core people know that. So do you see any tactful way of preempting those sorts of comments?
Yep, I do. I could include your email like I just did.
Now, on to the details. This is a good one, folks, so keep reading. Breanden’s tips apply mostly to the mobility and travel pieces of the puzzle; if you’d like additional business-building tools, I highly suggest this article on rapid testing (in a weekend), this article on hacking Kickstarter, and this post on all aspects of marketing and PR.
Enter Breanden
[The following is based on my personal experience as a traveling engineer and founder. Feel free to contact me any time at breanden [at] toptal [dot] com.]
I’ve lived and worked remotely in approximately 29 countries since I finished school three years ago. I’ve been running Toptal, a venture funded company growing hundreds of percent year over year—all from my laptop, phone, and tablet.
Croatia · Bosnia · Italy · France · Switzerland · Germany · Austria · Georgia · Romania · Serbia · Slovenia · Spain · Ukraine · Morocco · Brazil · Canada · Paraguay · Argentina · Uruguay · New Zealand · Australia · Hong Kong · USA · England · Turkey · Chile · Slovakia · Czech Republic · Lebanon
I don’t have an apartment. I don’t have a house. I don’t have an office.
I hate the cold, so I summer hop.
Everywhere I go, I meet great engineers who end up becoming invaluable parts of Toptal.
I encourage everyone in Toptal to travel, and a lot of us do. Some of us travel for week long “breaks” throughout the year, and some of us live out of a suitcase like me. Few of us ever stop working for a full day.
I’m writing this because…
I was repeatedly asked if I had some sort of guide or checklist for traveling/working the way I do. Especially for first-timers, the idea of adventuring while working can be daunting. There are a lot of details to consider, and I’ve learned a lot from my own trial-and-error.
The more I thought about it, the more I realized a guide like this was actually missing.
The 4-Hour Workweek was great, and I like Tim Ferriss a lot. But what if you want to work more than 4 hours a week? I like working crazy hours. I don’t want a lifestyle company. I want to solve hard problems. I want to build something big and give it my all.
I want a book on how to create a billion-dollar company while becoming a fighter pilot. (I’m trying to build a world-changing company while becoming a professional polo player.) That would be inspiring. But until it comes, maybe this post will be helpful to a few people.
Why travel?
Because it’s unbelievably awesome.
Now is the time: it’s feasible like never before. You can put in a full work day no matter where you are. If you’re standing in line for airport security, you can listen to The Changelog. If you’re in the Hungarian countryside, you can work perfectly via 4G. If you’re flying across the world, you can work from the moment you buckle in to the moment you stand up to get off the plane. The airport will have WiFi to push a commit if your plane didn’t. You can travel while producing some of the best work of your career, and you will grow with every new stamp in your passport.
The secret benefit: avoiding burnout.
I don’t take vacations. I don’t want to work hard to build a company that makes lots of money so I can piss off and go on holiday. I’m at a start-up. I’m a part of it, and it’s a part of me. This is a marathon, and there will be a winner. Traveling and working allows you to go non-stop. There is no burnout. There’s no staring at a clock or calendar waiting for the EOD/weekend/break. You’re refreshed weekly, and you can hone your focus and structure your time so you are a cross functional superstar who never stops learning.
Playing polo (often with Toptal developers) in Argentina. Total cost for sponsorship: 400 pesos (~$40) for t-shirts.
Length of travel
I usually stay in places for ~3 months. Why?
It fits under the constraints of the typical tourist visa.
More on that in a second.
It gives you time to relax and focus in between the stressful travel sessions.
Power trips of 9 countries in 3 weeks are for students on holiday. You need to be able to stop traveling and focus on work.
It gives you time to really explore and get to know a place and people.
There are almost certainly local tech meetups, and there are likely to be other Toptal engineers wherever you go now as well.
You can really try local culture.
Learn to play polo in Argentina. Practice capoeira in Brazil. Go to trance festivals in Europe. If you don’t know where to start, join Internations and go to expat meetups.
It helps with costs.
Trips of this duration help you negotiate special medium-term deals on apartments, cars, vespas, etc.
Who to go with
A close friend/colleague
You can split costs for a lot of things like cars, hotels, etc. You can also split the research and push each other to do things you might not do yourself (like go out to new places, go on adventures, rent a boat, etc.).
Alone
Not for the faint of heart, but not everyone has the flexibility you do as a software engineer. If you don’t have anyone to go with, don’t let it stop you. With Internations and a network like Toptal, you can almost certainly go anywhere and immediately find people with lots in common.
A girlfriend/boyfriend
Can be by far the most expensive option, but it’s probably the most rewarding and fun. Nothing brings compatible people together like adventure. However, nothing drives incompatible people apart like stress, so be careful. The other thing to consider is whether your significant other will also be working during your travels. If so, that’s tremendous, and you are very lucky. If not, that can be very hard. The added costs of having a dependent aside, you don’t want to be in a position where someone resents you for constantly working during what they’ve misunderstood to be a vacation. Luckily there are many interesting careers in addition to software engineering that are now doable remotely (e.g., executive assistant, translator, designer, tutor, entrepreneur, etc.).
What to take
Backpack
Always a carry on. Pretty much always with me.
How to Travel to 20+ Countries…And Build a Massive Business in the Process
[Preface: The above is a pic of Necker Island, Richard Branson's private island. Would you like to join me and Richard Branson on Necker for a week of mentoring? Here are the details on how you can get an all-expenses-paid trip. It'd be great to meet you.]
The following is a guest post by Breanden Beneschott, co-founder and COO of Toptal, a marketplace for top developers.
This post covers how he built a massive company while traveling through 20+ countries, experiencing the best the world has to offer. His how-to instructions include travel tools, shortcuts, and all the non-obvious systems you’d expect from a great engineer.
For context and to kick us off, an excerpt from Breanden’s email to me might be helpful. Edited down a bit, here it is:
We started Toptal 3.5 years ago from my dorm room at Princeton (I think a week after I met you briefly in Ed Zschau’s class [TIM: I guest lectured there], where I decided to do my final paper on the company). By the time I finished school six months later, Toptal was doing well with clients and engineers all over the world. We decided to move to Eastern Europe and keep practicing what we were preaching, in terms of scaling a company via a completely distributed team. Doing so allowed us to funnel nearly all profits back into growing the business (and live like kings for next to nothing). We are now approx 60 team members and 1000 engineers (e.g., top-100 Rails contributors, guys from CERN, university professors, etc.) working with thousands of clients (e.g., Beats, Zendesk, Artsy, JPMorgan, etc.) with virtually zero restrictions when it comes to location.
People constantly ask me how I manage to travel and work the way I do. I had always hoped outside (non-Toptal) people would see this post and be inspired to join us or pick up and travel while working on their own big ideas.
BTW, I do expect that comments will highlight the ambiguity of the “growing hundreds of percent year over year” statement. We’ve very deliberately avoided most press (we don’t want to build a company based on PR), and we’ve never publicly announced our revenue. Right now we are well north of XXM/yr [TIM: I replaced the actual number with XX, but it's impressive] and growing like a weed, but few non-core people know that. So do you see any tactful way of preempting those sorts of comments?
Yep, I do. I could include your email like I just did. Gin helps with such decisions.
Now, on to the details. This is a good one, folks, so keep reading…
Enter Breanden
[The following is based on my personal experience as a traveling engineer and founder. Feel free to contact me any time at breanden [at] toptal [dot] com.]
I’ve lived and worked remotely in approximately 29 countries since I finished school three years ago. I’ve been running Toptal, a venture funded company growing hundreds of percent year over year—all from my laptop, phone, and tablet.
Croatia · Bosnia · Italy · France · Switzerland · Germany · Austria · Georgia · Romania · Serbia · Slovenia · Spain · Ukraine · Morocco · Brazil · Canada · Paraguay · Argentina · Uruguay · New Zealand · Australia · Hong Kong · USA · England · Turkey · Chile · Slovakia · Czech Republic · Lebanon
I don’t have an apartment. I don’t have a house. I don’t have an office.
I hate the cold, so I summer hop.
Everywhere I go, I meet great engineers who end up becoming invaluable parts of Toptal.
I encourage everyone in Toptal to travel, and a lot of us do. Some of us travel for week long “breaks” throughout the year, and some of us live out of a suitcase like me. Few of us ever stop working for a full day.
I’m writing this because…
I was repeatedly asked if I had some sort of guide or checklist for traveling/working the way I do. Especially for first-timers, the idea of adventuring while working can be daunting. There are a lot of details to consider, and I’ve learned a lot from my own trial-and-error.
The more I thought about it, the more I realized a guide like this was actually missing.
The 4-Hour Workweek was great, and I like Tim Ferriss a lot. But what if you want to work more than 4 hours a week? I like working crazy hours. I don’t want a lifestyle company. I want to solve hard problems. I want to build something big and give it my all.
I want a book on how to create a billion-dollar company while becoming a fighter pilot. (I’m trying to build a world-changing company while becoming a professional polo player.) That would be inspiring. But until it comes, maybe this post will be helpful to a few people.
Why travel?
Because it’s unbelievably awesome.
Now is the time: it’s feasible like never before. You can put in a full work day no matter where you are. If you’re standing in line for airport security, you can listen to The Changelog. If you’re in the Hungarian countryside, you can work perfectly via 4G. If you’re flying across the world, you can work from the moment you buckle in to the moment you stand up to get off the plane. The airport will have WiFi to push a commit if your plane didn’t. You can travel while producing some of the best work of your career, and you will grow with every new stamp in your passport.
The secret benefit: avoiding burnout.
I don’t take vacations. I don’t want to work hard to build a company that makes lots of money so I can piss off and go on holiday. I’m at a start-up. I’m a part of it, and it’s a part of me. This is a marathon, and there will be a winner. Traveling and working allows you to go non-stop. There is no burnout. There’s no staring at a clock or calendar waiting for the EOD/weekend/break. You’re refreshed weekly, and you can hone your focus and structure your time so you are a cross functional superstar who never stops learning.
Playing polo (often with Toptal developers) in Argentina. Total cost for sponsorship: 400 pesos (~$40) for t-shirts.
Length of travel
I usually stay in places for ~3 months. Why?
It fits under the constraints of the typical tourist visa.
More on that in a second.
It gives you time to relax and focus in between the stressful travel sessions.
Power trips of 9 countries in 3 weeks are for students on holiday. You need to be able to stop traveling and focus on work.
It gives you time to really explore and get to know a place and people.
There are almost certainly local tech meetups, and there are likely to be other Toptal engineers wherever you go now as well.
You can really try local culture.
Learn to play polo in Argentina. Practice capoeira in Brazil. Go to trance festivals in Europe. If you don’t know where to start, join Internations and go to expat meetups.
It helps with costs.
Trips of this duration help you negotiate special medium-term deals on apartments, cars, vespas, etc.
Who to go with
A close friend/colleague
You can split costs for a lot of things like cars, hotels, etc. You can also split the research and push each other to do things you might not do yourself (like go out to new places, go on adventures, rent a boat, etc.).
Alone
Not for the faint of heart, but not everyone has the flexibility you do as a software engineer. If you don’t have anyone to go with, don’t let it stop you. With Internations and a network like Toptal, you can almost certainly go anywhere and immediately find people with lots in common.
A girlfriend/boyfriend
Can be by far the most expensive option, but it’s probably the most rewarding and fun. Nothing brings compatible people together like adventure. However, nothing drives incompatible people apart like stress, so be careful. The other thing to consider is whether your significant other will also be working during your travels. If so, that’s tremendous, and you are very lucky. If not, that can be very hard. The added costs of having a dependent aside, you don’t want to be in a position where someone resents you for constantly working during what they’ve misunderstood to be a vacation. Luckily there are many interesting careers in addition to software engineering that are now doable remotely (e.g., executive assistant, translator, designer, tutor, entrepreneur, etc.).
What to take
Backpack
Always a carry on. Pretty much always with me.
September 30, 2014
The Tim Ferriss Show: Tracy DiNunzio on Rapid Growth and Rapid Learning
This single interview with Tracy DiNunzio, founder of Tradesy, was recorded in three short parts. You can:
Listen to all three on iTunes
Download them as MP3s (right click “save as”): Part 1, Part 2, and Part 3.
Download the transcript (PDF, Word)
Or stream them now below (If you’re reading this in e-mail, please click here to stream):
This podcast is brought to you by The Tim Ferriss Book Club, which features a handful of books (4-6) that have changed my life. Here is the list, including free samples of every one.
Also, how would you like to join me and billionaire Richard Branson on his private island for mentoring? It’s coming up soon, and it’s all-expenses-paid. Click here to learn more. It’s worth checking out — trust me.
Now, on to this episode’s guest…
Tracy DiNunzio is a killer. She’s the self-taught founder and CEO of Tradesy.com, which has taken off like a rocket ship. She’s raised $13 million from investors including Richard Branson, Kleiner Perkins, and yours truly, and board members include the legendary John Doerr. Tradesy is on a mission to make the resale value of anything you own available on demand. Their tagline is “cash in on your closet.”
Tracy is in the trenches 24/7, making it the perfect time to ask her… How has she created such high-velocity growth? How did she recruit the investors she did? What’s been her experience as a female founder? What are her biggest mistakes made and lessons learned? This multi-part series, fueled by wine, will answer all this and more.
Even if you have no desire to start your own company, this 3-part series will get you amped to do big things.
This episode touches on a lot of cool stuff. It’s a mini-MBA in entrepreneurship, hustle, and tactics.
Scroll below for all show notes. Tons of amazing links and goodies…
Enjoy!
Who should I interview next? Please let me know in the comments by clicking here.
Do you enjoy this podcast? If so, please leave a short review here. It keeps me going…
Subscribe to The Tim Ferriss Show on iTunes.
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Show Notes and Select Links from the Episode
Tracy DiNunzio’s unlikely resume
How her business model reflects her lifestyle, and why that’s intentional
How another startup (and her bootstrapping) helped her find her husband
The story of bootstrapping her first company, Recycled Bride, and how she traded skills for food
Why the current day is the best (and worst time) to start an online company
How she funded and launched Tradesy
Why she chose venture capital rather than continuing to bootstrap
The trade-offs — the cons — of venture capital
Common mistakes Tracy made when she began pitching to investors
How the rules of dating apply to pitching investors
The creative way she found her CTO and technical co-founder… on Craigslist
Addressing the pink elephant in the room — What’s her experience as a woman in the tech start-up world?
The “Hail, Mary” that kept Tradesy going before its upswing
What attracted iconic investors like Sir Richard Branson and John Doerr to Tradesy
How to spend 13 million dollars without blowing it
Numerous resources for would-be entrepreneurs
Tracy’s advice to anyone who is unhappy in their current career
LINKS FROM THE EPISODE
Visit the Tim Ferriss Book Club to find a new book each month (or so) that’s changed my life
My book selection on Audible
Learn more about Shima-uta (The Boom song)
Get more information about Rokudenashi Blues
Tradesy
Check out the deals I’m involved with in the startup world
Learn more about Kay Brothers Amery Vineyards Block 6 Shiraz Vintage 2010 and other wines by Kay Brothers
Airbnb.com
Uber.com
More info about Chromatik
Learn more about Big Frame
Get more information about ChowNow
Listn – Listen to your friends’ music for free
Venture Hacks
Angel List
Learn more about Randy Komisar
Jobs at Tradesy
Tradesey iPhone App
Tradesey on Facebook
Tracy DiNunzio on Twitter | Facebook | LinkedIn
Books Mentioned in the Episode
The 22 Immutable Laws of Marketing: Violate Them at Your Own Risk! by Al Ries
The Monk and the Riddle by Randy Komisar
Good to Great and the Social Sectors: A Monograph to Accompany Good to Great by Jim Collins
The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone
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QUESTION OF THE DAY: What startup resources (books, articles, interviews) have you found most helpful or inspiring? Please share in the comments!
September 15, 2014
What I Learned Losing a Million Dollars
(Photo: Ariel H.)
“One of the rare noncharlatanic books in finance.”
– Nassim Nicholas Taleb, author of The Black Swan and Antifragile
“There is more to be learned from Jim Paul’s true story of failure than from a stack of books promising to reveal the secret formula for success…this compact volume is filled with a wealth of trading wisdom and insights.”
– Jack Schwager, author of Hedge Fund Market Wizards
The newest book in The Tim Ferriss Book Club (all five books here) is a fast read entitled What I Learned Losing a Million Dollars. It packs a wallop.
This book came into my life through N.N. Taleb, who has made several fortunes by exploiting the hubris of Wall Street. Given how vociferously he attacks most books on investing, it caught my attention that he openly praises this little book.
My first dinner with Nassim was in September of 2008. It was memorable for many reasons. We were introduced by the incredible Seth Roberts (may he rest in peace), and we sat down just as Lehman Brothers was collapsing, which Taleb had — in simple terms — brilliantly shorted. We proceeded to drinking nearly all of the Prosecco in the restaurant, while talking about life, business, and investing. Lehman Brothers would end up the largest bankruptcy filing in US history, involving $600+ billion in assets.
The next day, I had a massive hangover and a hunger to study Nassim. Step one was simple: reading more of what he read.
I grabbed a copy of What I Learned Losing a Million Dollars, and I’ve since read it many, many times. For less than $20, this tool has helped me avoid multiple catastrophes, and I can directly credit its influence to roughly 1/2 of my net worth (!). The ROI has been incredible.
The book — winner of a 2014 Axiom Business Book award gold medal — begins with the unbroken string of successes that helped Jim Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to 7-figure losses, and the essential lessons he learned from it. The theme that emerges: there are 1,000,000+ ways to make money in the markets (and many of the “experts” contradict one another), but all losses appear to stem from the same few causes. So why not study these causes to help improve your odds of making and keeping money?
Even if you don’t view yourself as an “investor,” this book can help you make better decisions in life. Also, the stories, similar in flavor to Liar’s Poker, are hilarious and range from high-stakes baccarat to Arabian horse fiascos. For entertainment value alone, this book is worth the time.
I hope you enjoy — and benefit from — the lessons and laughs as much as I have.
Get the audiobook for free when you try Audible
Buy the audiobook on Audible
Buy the Kindle version
For those who enjoy both audio and Kindle, as I do, the above editions are synced with Whispersync. This means that if you get both the audio and Kindle, you can switch between the two. For instance, I like to read Kindle books on my iPhone on the subway, then pick up and listen to the audio while walking outside.
Would you be interested in interviewing the co-author, Brendan Moynihan? Brendan is a Managing Director at Marketfield Asset Management ($20 billion of assets under management) and the Senior Advisor to the Editor-in-Chief of Bloomberg News, among other things.
If you’re a journalist, blogger, podcaster, etc. interested in the book’s lessons, feel free to reach out to him at bmoynihan [at] bloomberg {dot} net.
I recently interviewed him myself for an hour about investing, how he met Jim Paul, and much more. Click below to listen to the conversation, or (if reading via email) you can click here to stream/download the MP3:
For those who want a short synopsis of the book, here you go:
Jim Paul’s meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all — his fortune, his reputation, and his job — in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul’s disastrous decisions and examine the psychological factors behind bad financial practices in several economic sectors.
Paul and Moynihan’s cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.
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September 12, 2014
Can You Rewire Your Brain In Two Weeks? One Man’s Attempt…
Can you rewire your brain in two weeks? The answer appears to be — at least partially — yes.
The following is a guest post by Shane Snow, frequent contributor to Wired and Fast Company and author of the new book SMARTCUTS: How Hackers, Innovators, and Icons Accelerate Success. Last year, he wrote about his two-week Soylent experiment, which went viral and racked up 500+ comments. He knows how to stir up controversy.
In this post, Shane tests the “brain-sensing headband” called Muse.
It’s received a lot of PR love, but does it stand up to the hype? Can it make you a calmer, more effective person in two weeks? This post tackles these questions and much more.
As many of your know, I’m a long-time experimenter with “smart drugs,” which I think are both more valuable and more dangerous that most people realize. This includes homemade brain stim (tDCS) devices (I wouldn’t recommend without supervision) and other cutting-edge tools. If you’d like to read more on these topics, please let me know in the comments.
In the meantime, I hope you enjoy Shane’s experimentation!
Enter Shane Snow
The electrodes needed to be adjusted to fit my sweaty head, which was apparently the largest size the product could accommodate.
I was sitting on a porch in palpable D.C. humidity, on a midsummer’s morning at Bolling Air Force Base, trying to get a quartet of EEG sensors to connect my brain to my Samsung Galaxy. The purple box on my screen kept blinking in and out of sync.
Inside the house, my friend’s two-year-old was jumping violently on the sofa—the same sofa that the shedding 15-pound cat named Endai and I had shared for the past week. The house was in shambles; movers were busily trucking everything away to my friend’s soon-to-be new home in New Mexico. Hence the porch.
I had been sleeping on said couch due to the abrupt ending of an 8-year relationship, which had left me stunned and homeless for the preceding three weeks. As luck would have it, the anti-anxiety pills my shrink had prescribed for me to take “as needed” were back in New York in my friend Simon’s living room. Crap. My calendar had just alerted me that I’d missed the Skype call start time for my company board meeting, right before the movers unplugged the Internet. Meanwhile, a platoon of military helicopters had decided to play what appeared to be a game of “who can hover the longest over the neighborhood”. Chuk, chuk, chuk, chuk, chuk. CHUCK. CHUCK.
My stress levels were high.
Seemed like as good a time as any to try out my new gadget: a brainwave-sensing headband called the Muse, and its companion app, Calm.
I placed the band’s centimeter-wide contact strip of electrodes against my forehead and rested the plastic against the top of my ears, fiddling with the fit until my phone finally registered a solid connection for each of the sensors, two on my temples, two behind my ears. I donned my white Audio-Technica DJ headphones and fired up the app, which in a soothing voice instructed me to sit up straight, and breeeeeeeathe.
Calm is a simple meditation exercise: Count your breaths. Don’t try to force them. Your body knows how to breathe. Simply pay attention, the female voice in my headphones told me. After Muse calibrated to my brain’s “active” state—by making me brainstorm items in a series of topics—I was given five minutes of nature sounds to breathe to. When calm and focused, I enjoyed the sound of lapping waves and birds tweeting; when my mind wandered, sturdy winds picked up and the birds flew away.
At the end of five minutes, the app confirmed: I am not very calm.
Thus began my two week experiment in brain therapy. I’d been planning on acquiring a Muse after having caught wind of its development nearly two years before, but who knew it would finally be released during the most anxious time of my adult life? Two weeks was plenty of time, Muse inventor Ariel Garten told me, for the Muse focus training exercises “to reduce perception of pain, improve memory, improve affect, reduce anxiety, and also improve emotional intelligence.”
Seemed a little good to be true, but I was willing to test it.
Electroencephalography (EEG—the recording of electrical activity emitted from the brain) has come a long way in the last 100 years, since doctors drilled holes in monkeys heads to attach sensors, and eventually glued contacts with cathode ray tubes to intact human skulls to map brain activity. They discovered that the brain emits oscillating signals of variable frequency, and the frequency of the oscillations indicates what’s happening—at a high level—in one’s mind. These “waves” are generally delineated into categories based on frequency ranges:
Delta waves: indicate deep sleep. (1-3 Hz)
Theta waves: indicate deep relaxation or meditation. (4-8 Hz)
Alpha waves: indicate a relaxed brain state, what Garten calls “an open state of mind.” (9-13 Hz)
Beta waves: indicate alert consciousness and fire up when you’re actively thinking. (14-30 Hz)
Gamma waves: indicate high alertness and are often associated with learning. (30-100 Hz)
Source: Wikimedia Commons
The original purpose of EEG was the study of epilepsy. Over the decades, however, as computers improved, neuroscientists’ increasing capability to process the enormous amount of data the brain throws off allowed them to experiment with EEG for other uses, such as attention therapy.
In his 2007 book, The Brain That Changes Itself, neuroscientist Norman Doidge made mainstream the then recent (and surprising) finding that “the brain can change its own structure and function through thought and activity.” Our intelligence and tendencies are not locked in once we’re no longer children, as popular belief once held. Once our brain was wired, it could still be rewired. Doidge called it, “the most important alteration in our view of the brain since we first sketched out its basic anatomy and the workings of its basic component, the neuron.”
This adaptability factor of the brain is called “neuroplasticity.” You may have seen dubious advertisements for “brain-enhancing games” and other gimmicks that drop the term neuroplasticity in impressive-sounding (but often meaningless) marketing speak. Despite this misuse, the plasticity of our neurons is, in fact, fact. Our brains use it to wire themselves naturally, but in the past several years scientists have developed a simple procedure to “hack” them.
Neurofeedback training, or NFT as the scientists call it, is a conditioning method wherein a patient is hooked up to an EEG and shown how active her brain is, thus allowing her to concentrate on exercises that exploit neuroplasticity to build mental muscles that allow her to consciously affect her resting brain activity. Clinical studies have shown that NFT helps the majority of patients to improve their cognitive control and have also helped ADHD sufferers significantly improve their ability to focus. NFT has even been shown to have a positive effect on depression.
The two prerequisites to being able to pull off NFT are EEG sensors and a computer processor that can turn an EEG scan into real-time feedback. The electricity coming off the brain is orders of magnitude weaker than a standard AA battery, which means sensors must be powerful, delicate, and well-attached to pick anything up. Doctors have found that the skull reduces the signal significantly and thus would prefer if we didn’t have skulls (for examination purposes, that is), but have mostly settled on using wet sensors—electrodes affixed to the scalp or forehead using conductive gel.
The breakthrough that enabled a more practical, portable EEG device like the Muse claims to be, was the advent of dry sensors, or metal contacts that can use the skin’s own moisture or sweat to attain the necessary conductivity.
“Brain waves are very, very, very quiet. They’ve had to make their way all the way through your thick, thick skull,” Garten says. But sensor technology is improving at a rate that indicates we’re two to three years away from non-contact sensors, she predicts.
And in 2014, processing power is no longer a problem. “Ten years ago we were using fiber optic cable to make sure that you got this extraordinary data into what was like an egg carton and an ancient Commodore computer so that they could do all the processing,” Garten says. “Now, we can just use a phone and Bluetooth.”
The 2013 Muse prototype
When I’d first laid hands on the Muse a year and a half before, it was a chunky slab of plastic and metal. Garten and I met up at a design gallery in Manhattan for a demo of the prototype headband she’d been working on for the better part of the last decade. A Canadian fashion designer turned neuroscientist, she spoke earnestly about the potential applications for measuring one’s brainstate to ameliorate stress and perhaps one day cure ADHD and anxiety.
Garten’s prototype Muse measured the activity of these waves and output them to an iPad like a seismograph. After I donned the plastic headband, I watched in real time as slowing my breathing or concentrating on something or simply talking affected the different wave forms.
“The long term vision is this tool is going to be a regular part of our daily lives,” Garten told me. “You know, like pedometers that help people manage and understand their physical exercise. Brain health is going to be something that is on everybody’s mind. Up until now, there has been no way to, basically, like put a stethoscope up to your brain and say, ‘How is it doing?’”
Ten years ago, a NFT system with Muse-like capabilities (often found in a chiropractor’s office) would cost 5 figures and a closet-worth of space. Now the processing power lives on a standard smartphone, and Muse sensors cost $299.
Eventually, Garten predicted, doctors would actively use it to treat the mentally ill. Programmers would build brainwave-control apps for gaming and smart homes and surfing the Internet on top of Muse’s technology.
But for now it just gives you tweety birds.
My porch session resulted in precisely zero of them:
This session, for which I got a score of “31% calm,” would be the first of many mental workouts in my DYI NFT experiment. Would regular usage of the Muse headband actually change my brain and help fix my anxious life? Or would it turn out to be another wearable that’s more hype than help?
THE EXPERIMENT
The 2014 Muse headband
The hypothesis (aka sales pitch) was that by using Muse, I’d improve my ability to focus and maintain my cool during my stressful day-to-day.
So for fifteen days, I performed a five-minute Muse Calm session each morning within an hour of waking up and shaking off sleep. I’d sit in a similar setting (straight-back chair in a room alone), in similar clothing (comfortable, shorts and t-shirt, no shoes), with no distractions (accomplished via Bose noise-canceling earbuds) every time.
Additionally, I performed a series of sessions in various random non-comfortable settings, to test whether different mental exercises produced different results, or whether I could remain calm while being assaulted by various outside forces—which is the real goal of NFT, rather than simply getting better at a “game” in quiet isolation.
Though the app would tell me if my brain was getting better at calming itself during the exercise, the less easy-to-quantify result would be to see whether my level of general anxiety would decrease as I got better at the Calm app. (I.e. am I forming these alleged neural pathways?) Garten and Calm each told me that once I completed enough sessions (5,000 points’ worth), the app would unlock insights about how my brain was doing, which could shed some light on my meta-state. But I also tracked my overall emotional and mental state by keeping regular journal entries throughout the two weeks.
For a control—and as a basic BS test—I performed a session while reading a book instead of doing the breathing exercise. I read three pages of Murakami’s new one, Colorless Tsukuru Tazaki, and my brain was all sorts of active. Mr. Murakami, your work is stimulating. Science hath proven it:
THE RESULTS
Most of my morning sessions took place between 8 and 11 a.m. I keep a somewhat irregular sleep schedule (a source of anxiety, or symptom?), but aim for 7 hours a night. The important part for this experiment was to make sure that I did my Muse session within an hour of waking, but after I had stopped being groggy. In other words: before my morning exercise, after my morning pee.
I kept the morning schedule up with a few exceptions: on August 18, the Muse Calm app caused the headband to think my brainwaves had completely flatlined. I contacted the Muse team, and they confirmed that this was indeed a bug that they were working on fixing that day. On August 20, 22, 24, and 26 I skipped my morning session due to extenuating circumstances. (The 24th, for example, was my birthday, and I stayed out until 8 a.m.. My first session that day was at 4 p.m. and resulted in a hangover-level 31%.) But throughout my 15-day experiment, I never went a day without doing one or more sessions, and I never went two days without doing a standardized morning session.
In all, I completed 24 sessions. Here’s how my morning sessions went over the course of the two weeks:
You’ll notice that I did pretty poorly for the first several sessions, then experienced a jump in improvement on August 17. What this chart doesn’t show is that though it was that August 17 was actually the seventh session I’d done in total. So I was getting better, but I’m not entirely sure why such a dramatic jump. You’ll also notice a slight dip on the 25th and 27th. On these days, I was having a couple of particularly anxious mornings (due to personal issues); however, on these days I still maintained double the calm as my first few sessions—which were less emotionally fraught than these days.
My final morning session of the experiment, on August 28, was a serene 89%—my best yet, and just one spike of brain activity away from monk-like zen:
More importantly, I attracted a fucking flock of tweety birds:
Here’s how I performed on my random sessions in less-controlled environments:
Clearly, it was harder for me to focus and remain calm when I was tired or emotionally compromised.
Trains made it easier to focus (likely due to the lack of noise and abundance of leg room). Airplanes tend to give me claustrophobia, but it’s also likely that the vibrations of the plane itself caused my muscles to move (generating louder electrical signals than your brain emits) and made my results so poor during the flight. There certainly was a lot of shaking going on during my flight.
Interestingly, listening to calming music (I tend to put Blackmill’s “Miracle” album on repeat when I want to relax or single-task) outperformed no sound (simply trying to calm myself without an aid). On August 27, my regular session with the app’s wind and waves, resulted in 12% less calm than my music experiment immediately after.
As far as the meta, “how am I doing” portion of the experiment went, I eagerly awaited when I could unlock the “Insights About You” page of the app, after racking up enough “calm points”. Disappointingly, though Garten and Muse Calm both promised me these “additional features and special insights into my brain”, once I unlocked the screen, I got simply a blank, broken page:
When asked, the Muse publicist confirmed that the feature “actually hasn’t been developed yet” and relayed the (in my opinion) unlikely explanation that “there was a miscommunication between the product and dev teams.”
My journal entries indicated a general decrease in agitation and worry by the end of the experiment. My ability to focus on tasks (primarily writing) seemed to improve. I have a tendency to get distracted when I’m writing, and in the same way that the waves-and-wind exercise in the app teaches you to power through distractions and focus on your breath, I felt that I already was improving my ability to notice a distraction but keep it in the background instead of indulging it.
Furthermore, as I walked down busy streets or lay in bed—times when I normally would ruminate—I found myself subconsciously slowing breaths and counting them as a means of shoving out bad thoughts and calming down.
“Many smart people who use their brains a lot are ‘high beta,’” explained my therapist (whose name I’ll omit to maintain a shred of personal privacy) when I asked her about this. An award-winning Manhattan psychologist and author, she has used NFT herself. A few years ago, she used a professional-grade version of Muse to teach her own active brain to be silent. “I couldn’t go to sleep without the TV on,” she said. “The minute it was quiet, my brain would explode with activity.”
With measurement and some mental situps, she calmed her own rumination—as apparently thousands of people have done at clinics that use EEG therapy. That “neuroplasticity” thing that people throw around, it turns out, is real. And it works as fast as one can form a bad habit.
“The brain can be retrained,” she said. “People think it can’t, but it can.”
POTENTIAL ISSUES
One of the main limitations of the Muse Calm app—or at least questions that I had from the beginning—was the validity of the wind-and-waves feedback sound system itself, as well as the “count your breaths” mediation exercise. My assistant, Erin, who’s a yoga instructor and meditation expert by night, was skeptical that the Muse Calm exercise was the most effective method the app could have chosen. Why would you have the distracting sounds get worse when you were most compromised? she said. Doesn’t that create a self-defeating cycle?
Garten responded: “We did a bunch of experimentation on positive reinforcement and negative reinforcement and we ultimately built an application with a mix of both. The negative reinforcements of the wind can definitely be distracting, but what you learn over time is also this lesson in not being judgmental when things don’t work.”
A 2010 study by scientists from the University of Pennsylvania and Georgetown found positive links between “mindfulness training”—the popular meditation practice of calmly noticing, but not changing what’s happening to you—has a positive effect on working memory. The Muse Calm’s “notice and count your breaths” exercise is a form of mindfulness training, and appears to hold up under scientific scrutiny, but the wind-and-waves feedback loop (NFT) throws a bit of a wrench into true “mindfulness”, since the act of being mindful ends up affecting your environment, whereas the point of mindfulness meditation is to notice but not affect.
Could a “pure” mindfulness exercise without the instant and self-reinforcing feedback outperform Calm’s NFT/mindfulness hybrid? Beats me, but it’s a question I’d want to test in future experiments.
Other limitations or potential variables that could affect the science behind my two-week experiment include the following:
Factors such as the exact time I awoke and what kind of bed I slept in changed slightly from day to day, as I was traveling and couch-hopping. While the course of my experiment showed an upward trend in calm, I wasn’t able to duplicate the time and setting of each of my morning sessions precisely, which could affect the results to some degree.
Since I was dealing with the fresh personal trauma, perhaps I was naturally recovering psychologically during the two weeks of my experiment (i.e. regression to the mean). My therapist insists that the relationship wound was too fresh and two weeks is not enough time to work through anything, but it still could be a factor.
This experiment was only two weeks, which I was told would be a sufficient minimum for results. More time could certainly help verify the trends I observed in my short experiment. (And I plan to keep using Muse over the next few months to track just that.)
And of course, my observations about how I was feeling were, by nature, subjective. (However, if my psychological improvement is all in my head, that’s okay by me—it was in my head to begin with! And actually, I’ve interviewed one scientist who’s studying how placebos actually form neural pathways that can physically cure psychological issues. Very interesting stuff happening in this field.)
EPILOGUE
The electrodes had no problem beaming the signal from my sweaty head to my Android this time.
I was sitting on a set of red bleachers in disgusting New York humidity in the middle of Times Square, Manhattan. The familiar female voice in my headphones instructed me to close my eyes, as she had two dozen times before.
Around me, a trillion stressed-out tourists were busily taking selfies and worrying about pick pockets. A troupe of Chinese activists had just accosted me with pamphlets and signs concerning some “Jesuit Father discrimination” something-or-other, meanwhile a quartet of feather-headressed ladies performed a synchronized dance on the steps below me. A bumblefoot pigeon had taken up residence on my step and didn’t seem to want to leave me alone. My entire body was sweating.
I’d just walked through my old neighborhood, a surprisingly painful reminiscence. Unexpectedly, one of my ex’s favorite songs had begun playing on shuffle as I made my way through the crowd, further dampening my mood. In the back of my head were the several overdue stories for editors of various publications in line with my book launch, and the approximately 200 priority emails stacked up in my inbox. I was lugging my entire life in an overstuffed backpack and had just spilled protein drink all over my shorts—which I just now realized were my only available leggings, because I’d left the remaining two pairs of jeans I owned back in my friend Simon’s freezer (here’s why). I was pensive and hot and frustrated and dripping.
Once again, I donned my brainwave headband, which once again told me to breeaaathe.
About halfway through my five-minute session—the twenty-fifth I’d undertaken since meeting Muse—some nearby tourists began singing “Happy Birthday” so loudly that I could hear them through my noise-canceling headphones. A fire engine blared its siren in place for a full minute, stuck one block away in Times Square traffic. My butt burned on the red steps, in the August heat. My posture was killing me.
At the end of five minutes, Muse confirmed: I was pretty damn calm.
The two spikes in active brain activity in this chart were the fire truck and the birthday party, each of which I recovered from almost instantly. Aside from that, my brain state was either neutral or calm the entire time:
Plus I attracted 15 tweety birds:
Despite the chaos in my life, there was no doubt that this little device had made me a calmer person in just two weeks. I could play through the mental and physical pain with twice the composure as just fifteen days before.
Muse has a way to go before the guy with the electric headband on in Times Square doesn’t just look like an idiot. And the Calm app could definitely use work. (Different meditation exercises, please?) However, the science behind what the Muse team is doing is real, the technology promising, and a bevy of independent programmers are already building fascinating applications on top of Muse.
With the development of cheap and portable EEG monitors like Muse, are we a few lines of code away from controlling light switches and video games with our brains? It’ll take a while.
But I, at least, am a step closer to mind over matter.
Breeeeathe….
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Question of the day: What do you think are the next frontiers of self-experimentation and self-tracking? What would you like me to test for you? Please let me know in the comments by clicking here.
September 9, 2014
The Tim Ferriss Show: Interview with Peter Thiel, Billionaire Investor and Company Creator
“Freedom lies in being bold.” – Robert Frost
This episode’s guest is the incredible Peter Thiel.
Peter is a serial company founder (PayPal, Palantir), billionaire investor (first outside investor in Facebook, 100+ others), and author of the new book Zero to One. Whether you’re an investor, entrepreneur, or simply a free thinker aspiring to do great things, I highly recommend you grab a copy. His teachings on differentiation, value creation, and competition alone have helped me make some of the best investment decisions of my life (e.g. Twitter, Uber, Alibaba, etc.).
This podcast episode was experimental, as I was on medical leave. It includes both audio and written questions. What are Peter’s favorite books? Thoughts on tech and government, and more? Answers to these “bonus questions” can be found in the text below.
For the longer, main audio discussion, you can:
Listen to the episode on iTunes
Download it as an MP3 (right click “save as”): Here it is.
Or stream it now below (If you’re reading this in e-mail, please click here to stream):
Now, a bit more on Peter…
Peter Thiel has been involved with some of the most dynamic companies to emerge from Silicon Valley in the past decade, both as a founder and investor. Peter’s first start-up was PayPal, which he co-founded in 1998 and led to a $1.5 billion acquisition by eBay in 2002. After the eBay acquisition, Peter founded Clarium Capital Management, a global macro hedge fund. Peter also helped launch Palantir Technologies, an analytical software company which now books $1B in revenue per year, and he serves as the chairman of that company’s board. He was the first outside investor in Facebook, and he has invested in more than 100 startups total.
There are a lot of lessons in this podcast, even more in his new book, and below are a few follow-up questions that Peter answered via text.
Enjoy!
TIM: What is the book (or books) you’ve most often gifted to other people?
PETER: Books by René Girard, definitely — both because he’s the one writer who has influenced me the most and because many people haven’t heard of him.
Girard gives a sweeping view of the whole human experience on this planet — something captured in the title of his masterwork, Things Hidden Since the Foundation of the World — but it’s not just an academic philosophy. Once you learn about it, his view of imitation as the root of behavior is something you will see every day, not just in people around you but in yourself.
What is your favorite movie or documentary?
PETER: No Country for Old Men — a movie about whether all events are simply random, but also a work in which no detail is left to chance. I catch something new every time I watch it.
To increase technological growth/progress, what are the key things you think the government or people should do for greatest impact?
PETER: Libertarians like to call out excessive regulations, and I think they’re right.
But it’s a vicious circle: when governments make it harder to get things done, people come to expect less; when expectations are low, technologists are less likely to aim high with the kind of risky new ventures that could deliver major progress. The most fundamental thing we need to do is regain our sense of ambition and possibility.
For those who want to improve their ability to question assumptions or commonly held “truths,” which philosophers, or reading, or exercises, or activities might you suggest?
PETER: It’s a great exercise to revisit predictions about the future that were made in the past.
People write a lot of history, and they make a lot of predictions, and I consume a lot of both. But it’s rare that people go and check old predictions. It’s a way to see — with the benefit of hindsight — the assumptions that people didn’t even know they were making, and that can make you more sensitive to the questionable conventions that surround us today. For example, The American Challenge by Jean-Jacques Servan-Schreiber argued in 1968 that Europe would be eclipsed by relentless American progress. But that progress never came. It’s instructive to go back and see why Servan-Schreiber was optimistic.
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Now, some questions for you all…
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August 29, 2014
The Tim Ferriss Show: Interview of Kevin Kelly, Co-Founder of WIRED, Polymath, Most Interesting Man In The World?
This single interview — one of my favorites of all-time — was recorded in three short parts. You can:
Listen to all three on iTunes
Download them as MP3s (right click “save as”): Part 1, Part 2, Part 3.
Or stream them now below (If you’re reading this in e-mail, please click here to stream):
This podcast is brought to you by The Tim Ferriss Book Club, which features a handful of books that have changed my life. Here’s the list. You can also find all 20+ episodes of this podcast here. Some are sober and some are drunk, but the guests are all great.
Now, on to this episode’s guest…
Kevin Kelly might be the real-life Most Interesting Man In The World.
He is Senior Maverick at Wired magazine, which he co-founded in 1993. He also co-founded the All Species Foundation, a non-profit aimed at cataloging and identifying every living species on earth. In his spare time, he writes bestselling books, co-founded the Rosetta Project, which is building an archive of ALL documented human languages, and serves on the board of the Long Now Foundation. As part of the last, he’s investigating how to revive and restore endangered or extinct species, including the Wooly Mammoth.
This episode touches on a lot of cool stuff. SERIOUSLY, A LOT.
Just scroll below and your head might explode. Tons of amazing links and goodies…
Enjoy!
Who should I interview next? Please let me know in the comments by clicking here.
Do you enjoy this podcast? If so, please leave a short review here. It keeps me going…
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Show Notes and Select Links from the Episode
Kevin Kelly’s biggest regret
His lesson in finding contentment in minimalism and “volunteer simplicity”
How he realized that writing actually creates ideas
Why he promised himself that he would never resort to teaching English while traveling abroad
The “creator’s dilemma,” or how you have to go lower to get higher
Why you don’t want to be a billionaire
His realizations after doing a “6 months until death” challenge
His Kickstarter-funded project linking angels and robots
Why a self-proclaimed ex-hippie waited until his 50th birthday to try LSD for the first time
Why a population implosion is probable in the next 100 years
The greatest gift you can give to your child
The criteria for Amish technology assimilation
What technology-free sabbaticals can do for you
Long Now Foundation’s vision of a better civilization
The graphic novel for young people on how to become indispensable
His favorite fiction book
The great resource Kevin compiled for documentary lovers
How he accumulated enough books to fill a two-story library
Mythbuster’s Adam Savage’s organizational method, which transformed Kevin’s life
The project that everyone should undertake at least once in life
The advice he would give to his younger self
LINKS FROM THE EPISODE
Visit the Tim Ferriss Book Club to find a new book each month (or so) that’s changed my life
Wired Magazine
Learn more about the All Species Foundation
The Rosetta Project
Long Now Foundation
Get more information about 1,000 True Fans
Learn more about Voluntary Simplicity
This American Life, Episode 50 with Kevin Kelly
Tim Ferriss Show Episode 2: Interview with Josh Waitzkin
True Films – Kevin Kelly’s site about documentaries
Learn more about sodium valproate
www.Uline.com – shipping, industrial, and packing materials
Adam Savage – host of Mythbusters
Elance – resource for hiring freelancers
Whole Earth Catalog
KK.org – Kevin Kelly’s website
Books Mentioned in the Episode
Cat’s Cradle by Kurt Vonnegut
Vagabonding: An Uncommon Guide to the Art of Long-Term World Travel by Rolf Potts
Cool Tools: A Catalog of Possibilities by Kevin Kelly
What Technology Wants by Kevin Kelly
The Psychedelic Explorer’s Guide by Kevin Kelly
The Adventures of Johnny Bunko by Daniel H. Pink
So Good They Can’t Ignore You by Cal Newport
Shantaram: A Novel by Gregory David Roberts
Searching for Bobby Fischer: The Father of a Prodigy Observes the World of Chess by Fred Waitzkin
True Films by Kevin Kelly
Documentaries Mentioned in the Episode
Man on Wire
King of Kong
State of Mind
