Timothy Ferriss's Blog, page 16
October 9, 2023
Rich Paul — The Power Broker and Superstar Agent Behind LeBron James, Draymond Green, and Others (#697)
Illustration via 99designs“Just stay at it. It’ll turn. In the dice game, we used to have to be able to say, “Can you stand the rain?” A guy is throwing point after point after point and you would have to stand in there and stand the rain and eventually they turn and things go the other way.”
— Rich Paul
Rich Paul (@RichPaul4) is the CEO and founder of KLUTCH Sports Group, the powerhouse agency representing some of the biggest athletes across major professional sports. Paul founded KLUTCH Sports in 2012 in his hometown of Cleveland, Ohio, where he forged a unique and personal approach to representing top NBA talent—putting athletes first and empowering them to build careers and brands on and off the court.
In 2019, KLUTCH Sports partnered with United Talent Agency (UTA). Paul serves as UTA’s Head of Sports and is an agency partner, and he was appointed to UTA’s board of directors in 2020. In 2019, Paul was named GQ’s “Power Broker of the Year” and dubbed “The King Maker” on the cover of Sports Illustrated. In 2021, TIME recognized KLUTCH Sports on its first-ever list of TIME100 Most Influential Companies, and Variety recently named Paul to their “Variety500” list of the most influential business leaders shaping the global media industry. Paul is also credited with driving the reversal of the so-called “Rich Paul Rule,” which would have banned agents without a college degree from representing NCAA student athletes.
In 2021, Paul and three former Nike executives formed a company called ADOPT, a creative agency focused on sport, wellness, nutrition, tech, and other consumer-facing products. In 2022, Paul joined the board of trustees of LACMA and the boards of directors of Funko and Designer Brands Inc. In 2023, he joined the board of directors of Live Nation. Paul is also a minority partner of the SpringHill Company.
His new book is Lucky Me: A Memoir of Changing the Odds.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Watch the interview on YouTube here.
Brought to you by AG1 all-in-one nutritional supplement, Helix Sleep premium mattresses, and Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#697: Rich Paul — The Power Broker and Superstar Agent Behind LeBron James, Draymond Green, and OthersThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is brought to you by Helix Sleep! Helix was selected as the best overall mattress of 2022 by GQ magazine, Wired, and Apartment Therapy. With Helix, there’s a specific mattress to meet each and every body’s unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk-free. They’ll even pick it up from you if you don’t love it. And now, Helix is offering 20% off all mattress orders plus two free pillows at HelixSleep.com/Tim.
This episode is brought to you by Shopify! Shopify is one of my favorite platforms and one of my favorite companies. Shopify is designed for anyone to sell anywhere, giving entrepreneurs the resources once reserved for big business. In no time flat, you can have a great-looking online store that brings your ideas to life, and you can have the tools to manage your day-to-day and drive sales. No coding or design experience required.
Go to shopify.com/Tim to sign up for a one-dollar-per-month trial period. It’s a great deal for a great service, so I encourage you to check it out. Take your business to the next level today by visiting shopify.com/Tim .
Want to hear an episode with LeBron James (and Mike Mancias, his top-secret trainer)? Listen to our conversation here in which we discussed injury prevention and recovery, self-care, career longevity, the power of sleep, environmental optimization, diet, self-talk, tattoos, and much more.
#349: LeBron James and His Top-Secret Trainer, Mike ManciasWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Rich Paul: Lucky Me: A Memoir of Changing the Odds by Rich Paul | Amazon Klutch Sports Group | United Talent AgencyRich Paul, NBA Power Broker, Growing Up and Finding Peace | The New York TimesLeBron James’s Agent Is Transforming the Business of Basketball | The New YorkerRich Paul: NBA Free Agency Belongs to LeBron’s Agent | Sports IllustratedLeBron James’s Representative Completes His Own Journey | The New York TimesGlenville | Encyclopedia of Cleveland History | Case Western Reserve UniversityCleveland Muny Football LeagueRich Paul Circa 1993 | InstagramFree Agency Explained | NBA“Rich Paul the GOAT”: Having Negotiated $900+ Million After Jarred Vanderbilt Extension, LeBron James’ Agent Receives Massive Shoutout | EssentiallySportsWhite Men Can’t Jump | Prime VideoReport: Stephen Curry Made 77 Consecutive 3-Pointers in Practice, Hit 94 of 100 | Bleacher ReportHow an Oilers’ Warren Moon Throwback Jersey Linked Lebron James to His Agent Rich Paul | ChronJames Baldwin | WikiquoteVideo: Charlton Heston, Sidney Poitier, Marlon Brando, Harry Belafonte, James Baldwin in a Roundtable Discussion on Civil Rights | SlatePaul Speaks Out About Negative Consequences of ‘Rich Paul Rule’ | NBC SportsWarren Buffett Was ‘Terrified’ of Public Speaking and Took 3 Steps to Conquer His Fear | Inc.comRich Paul: Power Broker of the Year | GQCooking for the Pros | Sports IllustratedHourly Professional Athlete Salary | ZipRecruiterMagic Johnson, Wayne Gretzky, and 13 Great Players Who Couldn’t Coach | Bleacher ReportWhy We’re OK with LeBron James Being Mr. Nice Guy | Bleacher ReportIn My Lifetime, Vol.1 [Explicit] by Jay-Z | AmazonI Want You by Marvin Gaye | AmazonGood Times | Prime VideoHow the Record Sale of “The Sugar Shack” Made Ernie Barnes the Comeback Kid | ArtsyMortal Kombat | WikipediaSHOW NOTESEditor’s Note: Timestamps will be added shortly.
The store where Rich’s story began.The cover choice for Rich’s memoir, Lucky Me.How Rich negotiated a lucrative free agency period.Street gambling as a youth.Good advice for avoiding bad deals.Meeting and creating an enduring relationship with LeBron James.The influence of James Baldwin.Rich’s experience with higher education and thoughts on the so-called “Rich Paul rule.”Best investments of time, energy, or money.How Rich beat out bigger competition to land clients.Helping aspiring pros establish the infrastructure they need to succeed.Key ingredients for emotional support and stability.Driving home the importance of preparing for a career’s rainy days.LeBron James’ ego.Why is Rich’s book titled Lucky Me?When the entrepreneurial impulse leads to darkness.The Ernie Barnes piece in Rich’s collection.Player empowerment.Rich’s most influential confidence builders.What prompted Rich to write Lucky Me?Rich’s billboard.Parting thoughts.MORE RICH PAUL QUOTES FROM THE INTERVIEW“Some people define the business card and some people are defined by their business card.”
— Rich Paul
“Just stay at it. It’ll turn. In the dice game, we used to have to be able to say, “Can you stand the rain?” A guy is throwing point after point after point and you would have to stand in there and stand the rain and eventually they turn and things go the other way.”
— Rich Paul
“I don’t really have a lot of gray in me. It’s pretty black and white.”
— Rich Paul
“Now, we all have ego. Don’t get me wrong, you have to have an ego to have confidence, but you’re not invested in your ego. You’re not leading with the ego. You know when the ego is supposed to come out the room and when it’s not.”
— Rich Paul
“I know it may seem dark and gray and bleak and challenging, but you tend to think that everyone’s paying attention to you and what you’ve got going on. And so you get discouraged, but in reality, they’re not. Everyone has their own problems. Just get through yours. Get through them, continue to push, continue to persevere, and you can end up in a different spot.”
— Rich Paul
“I was extremely lucky to go through some of the things that I went through to help shape me and mold me to understand life’s challenges and to be able to survive those thunderstorms emotionally … to get out on the other side.”
— Rich Paul
The post Rich Paul — The Power Broker and Superstar Agent Behind LeBron James, Draymond Green, and Others (#697) appeared first on The Blog of Author Tim Ferriss.
October 6, 2023
My Mental Health Routines and Tools (Includes Extensive Resources)
This upcoming Tuesday, October 10th, is World Mental Health Day.
Highlighting mental health is important to me for deeply personal reasons. Treatment-resistant depression, bipolar disorder, and addiction run in my family. I’ve lost multiple friends to suicide and almost committed suicide in college. Opioids and alcohol have claimed the lives of family members and some of my closest childhood friends.
But despair need not lead to deaths of despair.
This blog post compiles resources that have helped me and millions of readers. They include books, documentaries, podcast episodes, videos, and much more.
Below are the three resources that have received the most positive feedback. Each is intended to be highly practical and tactical:
Blog post: Some Practical Thoughts on Suicide . Podcast episode: My Healing Journey After Childhood Abuse .Blog post: “Productivity” Tricks for the Neurotic, Manic-Depressive, and Crazy (Like Me) .If pressed for time, the below short video describes some of my daily practices for warding off and managing depression:
And if you remember only one thing, remember this: there is light on the other side.
I wouldn’t have believed this even 15 years ago, but I now consider myself living proof that deep, lasting change is possible. You are never alone, and it is never hopeless. The resources below the P.S. and P.P.S. are intended to light the fire of hope.
Don’t give up. I’m right there alongside you, as are millions of others.
Much love to you and yours,
Tim
P.S.
In 2018, I created the Saisei Foundation to focus on ambitious scientific research and cutting-edge clinical treatments of intractable conditions, including treatment-resistant depression, opioid addiction, anorexia nervosa, and post-traumatic stress disorder (PTSD). Projects have been published in leading journals (e.g., The Lancet, NEJM) and featured in media coverage (The New York Times, The Wall Street Journal, GQ, and dozens more) around the world. Click here to learn more about the foundation and its mission.
P.P.S.
Crisis
If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat 988lifeline.org. Crisis Text Line: text “HOME” to 741741 to connect with a crisis counselor for free, 24/7 support.
Suicide
National Suicide Prevention Lifeline at 1-800-273-8255. Beginning July 16, 2022, dialing 988 will also route calls to the lifeline. If you’re outside of the US, please click here for a list of international hotlines.
The below list of resources includes podcast episodes, books, documentaries, and more.
VIDEOS ON MY YOUTUBE CHANNEL
My Daily Practices and Habits to Fight Depression How to Cope with Feeling Unfocused or Overwhelmed Breathing Techniques to Reduce Stress and Anxiety | Dr. Andrew Huberman How to Meditate Brené Brown on How to Navigate the Emotions You’re Unwilling to Feel How to Use Your Phone… So That It Doesn’t Use YouTHE TIM FERRISS SHOW PODCAST EPISODES
Jack Kornfield — Finding Freedom, Love, and Joy in the Present | The Tim Ferriss Show #300
Jim Dethmer — How to Shift from Victim Consciousness, Reduce Drama, Practice Candor, Be Fully Alive, and More | The Tim Ferriss Show #434
Chris Palmer, MD, of Harvard Medical School — Optimizing Brain Energy for Mental Health, The Incredible Potential of Metabolic Psychiatry, Extraordinary Case Studies, and Harnessing Mitochondria for Anxiety, Depression, OCD, PTSD, and More | The Tim Ferriss Show #633
Tara Brach on Meditation and Overcoming FOMO (Fear Of Missing Out) | The Tim Ferriss Show #94
How to Design a Life — Debbie Millman | The Tim Ferriss Show #214
Dr. Gabor Maté — New Paradigms, Ayahuasca, and Redefining Addiction | The Tim Ferriss Show #298
Paul Conti, MD — How Trauma Works and How to Heal from It | The Tim Ferriss Show #533
Richard Schwartz — IFS, Psychedelic Experiences without Drugs, and Finding Inner Peace for Our Many Parts | The Tim Ferriss Show #492
Overview of Psychedelic Fact vs. Fiction — Microdosing, Mind-Enhancing Methods, and More | The Tim Ferriss Show #377
Blake Mycoskie — Psychedelic Sequencing, TOMS, The Hoffman Process, and Conscious Uncoupling | The Tim Ferriss Show #446
Michael Pollan — Exploring the Frontiers of Psychedelics | The Tim Ferriss Show #365
Sam Harris, Ph.D. — How to Master Your Mind | The Tim Ferriss Show #342
Dr. Gabor Maté — The Myth of Normal, Metabolizing Anger, Processing Trauma, and Finding the Still Voice Within | The Tim Ferriss Show #620
Nick Norris — Navy SEAL and Athlete on Training, Post-Traumatic Growth, and Healing | The Tim Ferriss Show #378
Dr. John Krystal — All Things Ketamine, The Most Comprehensive Podcast Episode Ever | The Tim Ferriss Show #625
BOOKS AND SUGGESTED READING
Radical Acceptance: Embracing Your Life with the Heart of a Buddha by Tara Brach
Awareness by Anthony de Mello
“The Quick-Start Guide to Healing Trauma and Psychological Wounds” by Neil Strauss (article)
Waking the Tiger: Healing Trauma by Peter A. Levine with Ann Frederick
The Body Keeps the Score: Brain, Mind, and Body in the Healing of Trauma by Bessel van der Kolk
How to Change Your Mind by Michael Pollan
The Healing Journey: Pioneering Approaches to Psychedelic Therapy by Claudio Naranjo
The Drama of the Gifted Child: The Search for the True Self by Alice Miller
The Courage to Heal: A Guide for Women Survivors of Child Sexual Abuse by Ellen Bass and Laura Davis
The Courage to Heal Workbook: For Women and Men Survivors of Child Sexual Abuse by Laura Davis
The Complete Enneagram: 27 Paths to Greater Self-Knowledge by Beatrice Chestnut
DOCUMENTARIES
Trip of Compassion. This documentary affected me so deeply (and immediately) when I first saw it that I flew to Tel Aviv, met the filmmakers, and offered to help launch the film digitally worldwide. Everything I’ve done for this film is 100% pro bono, and all proceeds go to the filmmakers.
The Work. This documentary tore my heart apart but simultaneously gave me tremendous hope. It strikes me as particularly important for men (or those who want to better understand men) to watch, but the intensity isn’t for everyone. It’s exhausting to watch.
How to Change Your Mind (Netflix mini-series). “Author Michael Pollan leads the way in this docuseries exploring the history and uses of psychedelics, including LSD, psilocybin, MDMA and mescaline.”
DOSED. It’s one of the best and most beautifully shot docs I’ve ever seen about psychedelic medicine. It showcases the struggles, misfires, and successes in the concrete jungles near Vancouver instead of in an Amazonian jungle. For me, it was quite emotional, as it shows opioid/opiate addiction firsthand, and my aunt died of a Percocet and alcohol overdose close to when I first watched this documentary.
From Shock to Awe. If you like Trip of Compassion, or if you have an interest in psychedelics, ayahuasca, veteran affairs, or healing, take a look at this documentary. I’ve watched it 3x already and highly recommend it. Even if you don’t watch the film, the two-minute trailer is worth checking out.
RESOURCES, ORGANIZATIONS, AND TOOLS
Dialectical behavior therapy | Wikipedia
The Dialectical Behavior Therapy Skills Workbook: Practical DBT Exercises | Amazon
Dialectical behavior therapy (DBT) | Peter Attia, MD
Cognitive Behavioral Therapy (CBT) | Mayo Clinic
How Somatic Experiencing Can Help You Process Trauma | Healthline
What is Internal Family Systems? | IFS Institute
Parts Work Therapy for Complex PTSD | Dr. Arielle Schwartz
Hakomi Method | Hakomi Institute
Imago Relationships
The Waking Up app
Dissociation and Dissociative Disorders | Mental Health America
Dissociation FAQs | The International Society for the Study of Trauma and Dissociation
The Center for Psychedelic and Consciousness Research | Johns Hopkins
Centre for Psychedelic Research | Imperial College London
The Conscious Leadership Group
The Enneagram Institute
The Center for Nonviolent Communication
Paradigms of Ketamine Treatment | MAPS
Psychedelic Science: Magic Mushrooms | MAPS
MDMA-Assisted Psychotherapy | MAPS
Psychedelic-Assisted Therapy (Resources) | tim.blog
About Holotropic Breathwork | Grof Transpersonal Training
What is the Hoffman Process? | Hoffman Institute Foundation
SUPPORT LINES:
Crisis
If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat 988lifeline.org
Crisis Text Line text “HOME” to 741741 to connect with a crisis counselor for free, 24/7 support.
Suicide
National Suicide Prevention Lifeline at 1-800-273-8255. Beginning July 16, 2022, dialing 988 will also route calls to the lifeline.
Violence, Abuse, and Sexual Abuse
National Domestic Violence Hotline 1-800-799-7233 or text LOVEIS to 22522
National Sexual Assault Hotline 1-800-656-HOPE (4673) or Online Chat
National Sexual Violence Resource Center
Children
National Child Abuse Hotline 1-800-4AChild (1-800-422-4453) or text 1-800-422-4453
Child Welfare Information Gateway
If you have tips, advice, or resources that have helped you, please share them in the comments below.
The post My Mental Health Routines and Tools (Includes Extensive Resources) appeared first on The Blog of Author Tim Ferriss.
October 2, 2023
Be Useful — Arnold Schwarzenegger on 7 Tools for Life, Thinking Big, Building Resilience, Processing Grief, and More (#696)
Illustration via 99designs“Don’t just worry about climbing a ladder that someone else has built. No, build your own ladder. Just don’t wait for anyone else. That’s what I did.”
— Arnold Schwarzenegger
Arnold Schwarzenegger (@schwarzenegger) is an Austrian-born bodybuilder, actor, businessman, philanthropist, bestselling author, and politician. He served as the thirty-eighth governor of California. His new book, Be Useful: Seven Tools for Life, is out October 10th, and his daily email newsletter Pump Club recently hit more than 500,000 subscribers and continues to grow as a positive corner of the Internet.
Schwarzenegger has made it his mission to give back. Since his time in the Governor’s house, he’s been working diligently to combat climate change, anti-semitism, ensure fair voting practices, help youth, work with Veterans, and inspire healthy living.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Watch the interview on YouTube here.
Brought to you by Wealthfront high-yield savings account, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating, and AG1 all-in-one nutritional supplement.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#696: Be Useful — Arnold Schwarzenegger on 7 Tools for Life, Thinking Big, Building Resilience, Processing Grief, and MoreThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is brought to you by Wealthfront! Wealthfront is an app that helps you save and invest your money. Right now, you can earn 4.80% APY—that’s the Annual Percentage Yield—with the Wealthfront Cash Account. That’s more than eleven times more interest than if you left your money in a savings account at the average bank, according to FDIC.gov.
It takes just a few minutes to sign up, and then you’ll immediately start earning 4.8% interest on your savings. And when you open an account today, you’ll get an extra fifty-dollar bonus with a deposit of five hundred dollars or more. Visit Wealthfront.com/Tim to get started.
This episode is brought to you by Eight Sleep! Eight Sleep’s Pod Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.
Go to EightSleep.com/Tim and save $250 on the Eight Sleep Pod Cover. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.
Want to hear the first time Arnold Schwarzenegger was on this show? Check out our conversation here in which we discussed how Arnold uses psychological warfare to win, how Twins became his most lucrative movie, mailing bull balls to politicians, how Arnold made millions before his acting career took off, and much more.
#60: Tim Ferriss Interviews Arnold Schwarzenegger on Psychological Warfare (And Much More)What was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Arnold Schwarzenegger:Website | Twitter | Instagram | Facebook | YouTube
Be Useful: Seven Tools for Life by Arnold Schwarzenegger | Amazon Arnold’s Pump ClubTim Ferriss Interviews Arnold Schwarzenegger on Psychological Warfare (And Much More) | The Tim Ferriss Show #60Arnold Schwarzenegger Part 2! Bodybuilding, Investing, and Online Battles | The Tim Ferriss Show #216Arnold Schwarzenegger Had Botched Heart Surgery Before Terminator 6 | VarietyWhat Was Wrong with Arnold Schwarzenegger’s Heart? | HCA Healthcare TodayArnold Schwarzenegger’s First Seven Jobs | FacebookIn Helping Others, You Help Yourself | Psychology TodayArnold | NetflixWhat to Do in Graz – The Mediterranean City of Austria | Borders of AdventureArnold Schwarzenegger Says Nazi Father’s Abuse Caused Brother’s Death | NMEArnold Schwarzenegger ‘Owes His Success to His Upbringing’ | The Banner PressArnold Schwarzenegger Wins Junior Mr. Europe (1965) | Golden Era BookwormThe City of MunichArnold Schwarzenegger Wins Mr. Universe Bodybuilding Contest (1969) | British PathéHercules | Prime VideoA Fistful of Dollars | Prime VideoFor a Few Dollars More | Prime VideoThe Jayne Mansfield Story | WikipediaThe Villain (1979) | WikipediaThe Streets of San Francisco | WikipediaStay Hungry | Prime VideoPumping Iron | Prime VideoHappy Anniversary and Goodbye | Prime VideoConan the Barbarian | Prime VideoThe Terminator | Prime VideoBrotherly Love: How DeVito and Schwarzenegger Turned ‘Twins’ into the Ultimate 1980s High-Concept Comedy | CrackedTwins | Prime VideoKindergarten Cop | Prime VideoJunior | Prime VideoSales Lessons from Arnold Schwarzenegger | LinkedInObvious History: How Arnold Schwarzenegger Made a Million Dollars Laying Bricks | Interview MagazineJay Kernis: A Portrait of Arnold as a Young Art Object | NPR10 Facts About Andy Warhol’s Cowboys and Indians | My Art BrokerThe Switch | Tales From the Crypt WikiTo My Best Friend by Arnold Schwarzenegger | MediumArnold Introduces a New Most Muscular Award Honoring Franco Columbu | Arnold Classic 2020Arnold Schwarzenegger: “My Plan Is to Live Forever” | The Hollywood ReporterEnd of Days | Prime VideoSardinia’s Blue Zone Lessons | Blue ZonesThree Risks of Too Much Screen Time for Teens | The Greater Good Science CenterCalifornia’s Crazy Recall | Westmont CollegeSHOW NOTESEditor’s Note: Timestamps will be added shortly.
Recovering from heart surgery.Age 10 entrepreneurship.Arnold’s dad and the importance of being useful.Arnold and his brother: same upbringing, different outcomes.Building ladders and never thinking small.When Arnold’s self-bet to be a comedic lead paid off.We’re all in sales.The significance of shifting gears.Grieving Franco Columbu.Aging.Arnold’s current state of self-identity.What Arnold hopes readers take away from Be Useful.Parting thoughts.MORE ARNOLD SCHWARZENEGGER QUOTES FROM THE INTERVIEW“No country ever was built by people sleeping in. Austria was not built by people sleeping in. America was not built by people sleeping in. People struggled, people suffered, people worked their asses off to build this country.”
— Arnold Schwarzenegger
“Through comfort, no one ever grows.”
— Arnold Schwarzenegger
“Don’t just worry about climbing a ladder that someone else has built. No, build your own ladder. Just don’t wait for anyone else. That’s what I did.”
— Arnold Schwarzenegger
“I realized then the importance of selling. That no matter what you have — if you have a podcast, if you have a movie, if you have a painting, if you have a car, a technology, a medicine, whatever it is — if people don’t know about it, you have nothing. The more people that know about your product or about your talent, the more you can go and be successful.”
— Arnold Schwarzenegger
“You can be the biggest celebrity in the world, but you still get your back pain. You still get your hip pain. You still get your shoulder pain. You still get your elbow pain. You still get numb fingers. You still have to watch your heart. You still have to watch the diet. … This is all so that we stay alive longer. The time you’re born, your time is set. It’s set. The only thing that changes it is you.”
— Arnold Schwarzenegger
“I’m the guy that climbs up Mount Everest and sees another bunch of peaks. ‘Oh, my God, I didn’t even know they were there.’ And I climb them. That’s what I do, just a continuous climb. Nothing changes.”
— Arnold Schwarzenegger
“In lifting, you can only know how much you lift if you’re willing to fail.”
— Arnold Schwarzenegger
“I’m not a self-made man. I have to recognize that my training, my money, everything comes from a lot of different people. … When you recognize that, you now have the responsibility of going out and helping others.”
— Arnold Schwarzenegger
The post Be Useful — Arnold Schwarzenegger on 7 Tools for Life, Thinking Big, Building Resilience, Processing Grief, and More (#696) appeared first on The Blog of Author Tim Ferriss.
September 28, 2023
Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More (#695)
Illustration via 99designs“Outcome over ego.”
— Shane Parrish
Shane Parrish (@ShaneAParrish) is the entrepreneur and wisdom seeker behind Farnam Street and the host of The Knowledge Project podcast, where he focuses on mastering the best of what other people have already figured out. Shane’s popular online course, Decision by Design, has helped thousands of executives, leaders, and managers around the world learn the repeatable behaviors that improve results. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes.
Shane is the author of Clear Thinking: Turning Ordinary Moments into Extraordinary Results.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Watch the interview on YouTube here.
Brought to you by Momentous high-quality supplements, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating, and AG1 all-in-one nutritional supplement.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#695: Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and MoreThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is also brought to you by Momentous high-quality supplements! Momentous offers high-quality supplements and products across a broad spectrum of categories, and I’ve been testing their products for months now. I’ve been using their magnesium threonate, apigenin, and L-theanine daily, all of which have helped me improve the onset, quality, and duration of my sleep. I’ve also been using Momentous creatine, and while it certainly helps physical performance, including poundage or wattage in sports, I use it primarily for mental performance (short-term memory, etc.).
Their products are third-party tested (Informed-Sport and/or NSF certified), so you can trust that what is on the label is in the bottle and nothing else. If you want to try Momentous for yourself, you can use code Tim for 20% off your one-time purchase at LiveMomentous.com/Tim. And not to worry, my non-US friends, Momentous ships internationally and has you covered.
This episode is brought to you by Eight Sleep! Eight Sleep’s Pod Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.
Go to EightSleep.com/Tim and save $250 on the Eight Sleep Pod Cover. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.
Want to hear another episode with someone who spends his life learning how to solve problems and optimize time? Listen in on my conversation with Atomic Habits author James Clear, in which we discuss habitual accountability, systemic scaffolding, capturing good ideas, leveraging maximal results from minimal scale, defying algorithms, how success generates opportunities and distractions, building good habits while breaking bad ones, optimizing environment for habit adherence, and much more.
#648: James Clear, Atomic Habits — Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and MoreWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Shane Parrish:Farnam Street Blog | The Knowledge Project Podcast | Decision by Design | Twitter | Facebook | Instagram
Clear Thinking: Turning Ordinary Moments Into Extraordinary Results .The Stopwatch Gang by Greg Weston | AmazonVillage of Carp, ONIntroduction to TELNET | GeeksforGeeksNortel | WikipediaCommunications Security Establishment | Government of CanadaHow a Former Canadian Spy Helps Wall Street Mavens Think Smarter | The New York TimesExperts Explain Mental State of Military Children | The United States ArmyThe Rational Man’s Approach to Fatherhood | Being DadsLetting Children Fail is Not a Dereliction of Duty | Farnam Street BlogSt. Paul’s SchoolLetting the World Do the Work for You | Farnam Street BlogUnlocking Your Potential: What It Means to Do Your Best | Farnam Street BlogIf You Want Something Done, Ask a Busy Person To Do It | Quote InvestigatorBerkshire Hathaway, Inc.35. Amateurs Should Stick With Low-Cost Index Funds | 2008 Berkshire Hathaway Annual MeetingRevisiting Warren Buffett’s Advice to Me in 2008 (Plus: 7 Lessons for Young Investors) | Tim FerrissBuffett: The Making of an American Capitalist by Roger Lowenstein | AmazonDaniel Kahneman on Cognitive Bias and Systems | Walton Family FoundationCognitive Biases Archives | Farnam StreetA Simple Checklist to Improve Your Decisions | Farnam Street BlogThe Sunk Cost Fallacy | The Decision LabResults Are a Function of Position by Shane Parrish | InstagramTime Warp: Warren Buffett on the Stock Market, Circa 1999 | ForbesWhat Is the Bandwagon Effect? Why People Follow the Crowd | InvestopediaSmarter, Not Harder: How to Succeed at Work | Farnam Street BlogMental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) | Farnam Street BlogThe Great Mental Models Volume 1: General Thinking Concepts by Rhiannon Beaubien and Shane Parrish | AmazonThe Great Mental Models Volume 2: Physics, Chemistry and Biology by Rhiannon Beaubien and Shane Parrish | AmazonThe Great Mental Models Volume 3: Systems and Mathematics by Rhiannon Beaubien and Shane Parrish | AmazonSecond-Order Thinking: What Smart People Use to Outperform | Farnam Street BlogThe Stoic Art of Negative Visualization | Daily StoicLateral Thinking: Creativity Step by Step by Edward de Bono | AmazonSix Thinking Hats by Edward de Bono | AmazonLet’s Say FeedBurner Shuts Down… | CSS-TricksA Map of the Disney Entertainment Empire Reveals the Deep Connections Between Its Movies, Its Merchandise, Disneyland, & More (1967) | Open CultureWhy Farnam Street Optimizes for Loyalty, Not Pageviews by Herbert Lui | HuffPostShane Parrish’s Success: Scaling to 300K with Farnam Street | DiscoWhat is a Problem Statement? | Elsevier BlogThe Default-Thinking Method of Problem Solving | Farnam Street BlogAvoiding Bad Decisions | Farnam Street BlogWhy Walking Helps Us Think | The New YorkerAutomatic Rules for Success by Shane Parrish | InstagramFinding the One Decision That Removes 100 Decisions (or, Why I’m Reading No New Books in 2020) | Tim FerrissMaker vs. Manager: How Your Schedule Can Make or Break You | Farnam Street BlogUnderstanding Speed and Velocity: Saying “NO” to the Non-Essential | Farnam Street BlogMuch of What You’re Going to Do or Say Today is Not Essential | Farnam Street BlogAtomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear | AmazonJames Clear, Atomic Habits — Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and More | The Tim Ferriss Show #648The 4-Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss | AmazonThe Slow-Carb Diet One-Pager | Tim FerrissRocks, Pebbles, and Sand: Prioritizing Your Life | Mindful PracticesThe Four Types of Relationships | Farnam Street BlogCompound Interest Definition, Formula, and Calculation | InvestopediaHow James Clear Built a Huge Email List Before He Was a Bestselling Author by Josh Spector | For The InterestedEmail Newsletter by Tim Ferriss | 5-Bullet FridayNaval Ravikant (2017) #171 | Farnam Street BlogInvesting: The Rules of the Road | Farnam Street BlogDeal Flow: The Venture Capital Term for Business Sentiment | InvestopediaInvesting Archives | Farnam StreetInvesting in an Index: Overview, Examples, and FAQ | InvestopediaBill Ackman Liquidates Pershing Square Tontine Holdings, Largest SPAC Ever, and Returns $4 Billion to Investors | FortuneRethinking Investing: Common-Sense Rules for Uncommon Times | Tim FerrissNassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More | The Tim Ferriss Show #691Opportunity Cost Formula, Calculation, and What It Can Tell You | InvestopediaThe 5 Levels of Maslow’s Hierarchy of Needs | Verywell MindShane Parrish: Make It a Little Less about Luck Every Day | I Will Teach You to Be RichPoor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger | AmazonProblem Solving Tools | Farnam Street BlogProblem Solving Archives | Farnam Street“Outcome over Ego.” | InstagramThe Wrong Side of Right | Farnam Street BlogWhy Write? | Farnam Street BlogHow to Think Better: The Skill You’ve Never Been Taught | Farnam Street BlogStudy: Using GPS Navigation “Switches Off” Brain, Makes You Stupid | The DriveWeekly Whiteboard: Slow is Smooth, Smooth is Fast | McChrystal GroupSHOW NOTES[05:43] The Stopwatch Gang influences a D student.[10:54] How a low-grade troublemaker gets vetted for an intelligence job.[17:23] The impact of frequent relocation on a child.[21:33] The benefits of a challenging education (once the tears dry up).[31:09] From 68131-1440.blogger dot com to Farnam Street.[36:10] An early exploration of cognitive biases.[39:39] “Ordinary moments determine your position, and your position determines your options.”[45:55] Incisive, deliberate decision-makers.[47:44] Defining mental models.[50:47] The declaration of platform independence.[52:50] A Farnam Street business breakdown.[56:05] Scrutinizing the problem statement.[1:03:12] The power of asking “And then what?”[1:05:26] Setting yourself up for success with automatic rules.[1:21:31] Doubling down on email and the evergreen.[1:28:05] Investing with the benefit of deal flow.[1:32:41] Thoughts on index fund investment.[1:34:58] Factoring sleep into opportunity cost.[1:43:33] How to make better decisions.[1:48:10] Why should we write in the age of AI?[1:52:08] Parting thoughts.MORE SHANE PARRISH QUOTES FROM THE INTERVIEW“Outcome over ego.”
— Shane Parrish
“Automatic rules turn your desired behavior into your default behavior, and they do it when you’re at your best.”
— Shane Parrish
“Why risk what you have and don’t need for what you don’t have and don’t want to begin with?”
— Shane Parrish
“Are you thinking independently of the circumstances, or are the circumstances thinking for you?”
— Shane Parrish
“Writing is the process by which we realize we don’t understand what we’re talking about. And it’s only when you sit down and put pen to paper or even type out an idea that you have, a decision you’re making, an idea you’re wrestling with, that you sort of see where you don’t understand it. And the process of writing is not only refining that idea and helping you reflect on it, but you actually generate new ideas in the process of writing.”
— Shane Parrish
“You tell yourself a story about why sunk cost doesn’t apply in this situation or why you’re not overconfident in this situation. And the smarter you are, the better those stories get and the more believable they get.”
— Shane Parrish
“If you put Warren Buffett in a bad position where all of his options are bad—it doesn’t matter how smart he is, it doesn’t matter how Warren Buffett he is—everybody looks like an idiot when they’re in a bad position, and everybody looks like a genius when they’re in a good position.”
— Shane Parrish
The post Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More (#695) appeared first on The Blog of Author Tim Ferriss.
September 20, 2023
Sam Corcos, Co-Founder of Levels — The Ultimate Guide to Virtual Assistants, 10x Delegation, and Winning Freedom by Letting Go (Plus: Creating Leverage with Tools, Systems, and Processes) (#694)
Illustration via 99designs“A lack of communication is a lack of performance.”
— Sam Corcos
Sam Corcos (@samcorcos) is the CEO and Co-founder of Levels, an a16z-backed startup that shows you how food affects your health using continuous glucose monitors and other biosensors.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Watch the interview on YouTube here.
Brought to you by Sundays for Dogs ultra-high-quality dog food, AG1 all-in-one nutritional supplement, and Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#694: Sam Corcos, Co-Founder of Levels — The Ultimate Guide to Virtual Assistants, 10x Delegation, and Winning Freedom by Letting Go (Plus: Creating Leverage with Tools, Systems, and Processes)This episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is brought to you by Shopify! Shopify is one of my favorite platforms and one of my favorite companies. Shopify is designed for anyone to sell anywhere, giving entrepreneurs the resources once reserved for big business. In no time flat, you can have a great-looking online store that brings your ideas to life, and you can have the tools to manage your day-to-day and drive sales. No coding or design experience required.
Go to shopify.com/Tim to sign up for a one-dollar-per-month trial period. It’s a great deal for a great service, so I encourage you to check it out. Take your business to the next level today by visiting shopify.com/Tim .
This episode is brought to you by Sundays for Dogs, ultra-high-quality dog food without the prep or mess! I want to give my pooch, Molly, the best of everything. This is especially true when it comes to the ingredient quality of her food. But most healthy dog foods are an expensive, frozen mess. They’re a hassle to thaw and serve, and the prep work eats up time I’d rather spend hiking with Molly. Sundays for Dogs solves my problem with air-dried, high-quality dog food I can store and pour right from my pantry.
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Want to hear an episode with another founder who finds novel ways to manage time? Listen to my conversation with Asana’s Dustin Moskovitz in which we discussed making quicker decisions, avoiding the paradox of choice, difficult but desirable delegation, No Meeting Wednesdays, effective altruism, the future of AI, and much more.
#686: Dustin Moskovitz, Co-Founder of Asana and Facebook — Energy Management, Coaching for Endurance, No Meeting Wednesdays, Understanding the Real Risks of AI, Embracing Frictionless Work with AI, The Value of Holding Stories Loosely, and MoreWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Sam Corcos:Levels Health | Twitter | Goodreads (Book Recommendations)
Publicly Shared Company-Building and Strategy Docs | Levels HealthSam Corcos DelegationsOrganizational Design PrinciplesOrganizational EntropyPrinciples of Effective Communication (Part 1)Principles of Effective Communication (Part 2)Confidence Is EarnedPrinciples of Decision-MakingWhy We Write Such Long MemosInternal Communications PrinciplesHow We Do MeetingsTeam Building at LevelsTransparency Strategy — Building in PublicAnd Our Follow-up Transparency Strategy, Where We Push Things a Little FurtherJob TitlesHiring PhilosophyCompensation PhilosophyProduct-Design-Engineering BottlenecksHow to Reduce Scope and Combat Scope CreepWhat Should a Startup Prioritize?Software Development Culture Shift — May 2023Levels: A Cultural Anomaly | The GeneralistThe 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss | AmazonExecutive Assistants and Why They Are a Force Multiplier for Our Team | Levels: Inside the Company #26A Tactical Guide to Working with EAs: How to Make Delegation Your Superpower | First Round ReviewAn Exact Breakdown of How One CEO Spent His First Two Years of Company-Building | First Round ReviewImposter Syndrome: Why You May Feel Like a Fraud | Verywell MindNo Rules Rules: Netflix and the Culture of Reinvention by Reed Hastings and Erin Meyer | AmazonThe 15 Commitments of Conscious Leadership: A New Paradigm for Sustainable Success by Jim Dethmer, Diana Chapman, and Kaley Warner Klemp | AmazonNonviolent Communication: Create Your Life, Your Relationships, and Your World in Harmony with Your Values by Marshall B. Rosenberg | AmazonThe Checklist Manifesto: How to Get Things Right by Atul Gawande | AmazonTreat People Like Adults | A Whole New Level #67A Lack of Communication Is a Lack of Performance | A Whole New Level #188Ray Dalio’s Employees Called Out His Terrible Leadership. His Response Vastly Improved Their Corporate Culture | Inc.One Platform to Connect | ZoomAsync Video Messaging for Work | LoomA “Good at Computers” Loom Session with Jackie | Levels HealthThe Birth of Radio Drama | The AtlanticPair Programming | WikipediaFriday Forums | Levels HealthYour Connected Workspace for Wiki, Docs, and Projects | NotionGoogle Docs | Google WorkspaceThe Real Reason the Sound of Your Own Voice Makes You Cringe | The Guardian“I’m Not Listening to Your 3-Minute Voice Note.” | Seth at InstagramIntroducing ChatGPT | OpenAIHow to Create a Great Organizational Culture at Your Company | LoomVirtual Executive Assistants | AthenaThe World’s Work Marketplace | UpworkHeadhunter Agency for Overseas Talent | ShepherdTwilight Imperium 4th Edition | AmazonFind Local Pros | ThumbtackHow Slack Ruined Work | Wired UKFully Automated Time-Tracking Software | RescueTimeThe Low Information Diet | Mr. Money MustacheTrust Me, I’m Lying: Confessions of a Media Manipulator by Ryan Holiday | AmazonSeriously, Juice Is Not Healthy | The New York TimesAddictive Potential of Social Media, Explained | ScopeA Deep Dive Into Levels’ Month-Long Onboarding Program | MediumThe Levels Cultural Handbook | A Whole New Level #39GitLab’s Guide to All-Remote | GitLab1982 Tron Light Cycle Race | YouTubeHow to Blur Sensitive Information | LoomDitch Your To-Do List and Use Your Calendar Instead | MGMT IdeasTetrisWaking Up with Sam Harris AppFactfulness: Ten Reasons We’re Wrong About the World–and Why Things Are Better Than You Think by Hans Rosling, Ola Rosling, and Anna Rosling Rönnlund | AmazonThe Better Angels of Our Nature: Why Violence Has Declined by Steven Pinker | AmazonThe Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses by Eric Ries | AmazonThe Japanese Call This Practice Tsundoku, and It May Provide Lasting Benefits | Big ThinkHow to Host Salon Dinners | Levels HealthDemocracy and the Epistemic Commons | The Consilience ProjectNFTs in Wine: Barrels, Bottles, and Blockchains | The World of Fine WineHow AI Could Finally Give Crypto Its Use Case | Fast CompanyJackie Treehorn’s Doodle Pad | The Big LebowskiFree Online Appointment Scheduling Software | CalendlyPublic Opinion on Scheduling Etiquette Is Shifting | CalendlyInbox Zero and Time Management for Productivity | A Whole New Level #8Shortcut All the Things | Why We Emphasize Keyboard Shortcuts | Levels HealthLess Typing, Fewer Mistakes: How Gmail Snippets Can Save You Time and Effort | ZDNETWhy the Most Successful People Schedule Their Free Time | Inc.What You Do Is Who You Are: How to Create Your Business Culture by Ben Horowitz | AmazonThe Matrix | Prime VideoSix Steps for Successful Postmortem Meetings | AsanaFounder Dynamics | A Whole New Level #14Dustin Moskovitz’s Template: Time Budget | Google SheetsContext Switching is Killing Your Productivity | AsanaMemos over Meetings | A Whole New Level #65Creating a Digital Media Strategy | A Whole New Level #70Making Neural Nets Uncool Again | Fast.aiHow Levels got a 37,000-Person Waitlist | MixergyPlenty of Brainy People Believe in God. Let’s Hear from Them | The GuardianThe Holy Trinity: Doctrine of One God in Three Persons | Christianity.comHow to be Ultra Spiritual with JP Sears | Awaken with JPThe Varieties of Religious Experience: A Study in Human Nature by William James | AmazonPostmodernism | Stanford Encyclopedia of PhilosophyMoral Relativism | Stanford Encyclopedia of PhilosophyA Brief Introduction to Marxism | The Curious ClassroomBurning ManNetwork Theory | WikipediaDunbar’s Number: Why We Can Only Maintain 150 Relationships | BBC FutureEigenvector Centrality | WikipediaThe Strength of Weak Ties by Mark Granovetter | American Journal of SociologyThe Real Strength of Weak Ties | Stanford NewsThe Juice Cart | A Whole New Level #4Creating New Categories: Metabolic Health with Sam Corcos & Andrew Conner, Co-Founders of Levels | The Deep EndJavaScript With Syntax For Types | TypeScriptSam’s Minimum Viable Stuff (December 2021) | Google SlidesPocket US Constitution and Declaration of Independence | AmazonSHOW NOTES[05:08] Delegation implementation and common mistakes.[11:07] Recommended reading for delegators, delegatees, and all humans.[13:26] Building a company culture that treats people like adults.[15:01] Tools for performance and communication accountability.[20:39] Why Sam considers Loom the “most important” tool in the kit.[24:18] Friday Forum.[27:17] Acclimating the recording-averse to Loom.[30:40] Organizing Loom recordings for later search and use.[36:35] Common challenges of sourcing and properly utilizing EAs/chiefs of staff.[43:19] Novelty-seeking and board games.[44:35] Vetting, pairing, and onboarding EAs and chiefs of staff.[48:38] News and social media sobriety.[55:20] Why does new employee onboarding take a month at Levels?[1:00:59] What most delegators wish they’d known as newbs.[1:04:57] Loom security and privacy concerns.[1:08:10] From to-do list to calendar.[1:13:17] How Sam skips the to-do list entirely.[1:16:49] General schedule and repeating items.[1:18:22] Scheduling stress reduction.[1:21:59] Selecting books and hosting themed salon dinners.[1:37:03] Calendly and related social hurdles.[1:38:42] Using email proactively.[1:41:23] The underrated power of hotkeys and shortcuts.[1:44:42] Scheduling spontaneity.[1:48:23] Calendar course correction.[1:49:59] How Sam utilizes multiple EAs.[1:51:58] Improvement growth for intermediate delegators.[1:58:56] The Working with Sam user manual.[2:04:20] Memo culture over meeting culture.[2:11:55] Fighting organizational entropy.[2:14:12] Raised secularly, what does Sam get out of theology?[2:22:54] The perils of postmodernism.[2:26:35] Network theory and relationship management.[2:39:33] The investor-swaying juice cart moment.[2:41:22] Metabolic health and the Levels mission.[2:45:29] Who is Levels hiring right now?[2:46:37] Physical over philosophical minimalism.[2:51:37] Why Sam has a travel-sized copy of the US Constitution.[2:55:21] Parting thoughts.MORE SAM CORCOS QUOTES FROM THE INTERVIEW
“A lack of communication is a lack of performance.”
— Sam Corcos
“One of my new rules over the last couple of years is, I will only purchase a book if it is the next book that I’m going to read. I just found that stacks of books that I have committed to reading, that I have not read, felt like a betrayal of my own commitment to myself.”
— Sam Corcos
“You spend a handful of minutes, 15 minutes, maybe 10 minutes, one time, learning what hotkeys to use. And most people will see a 10 to 40 percent increase in productivity immediately for the rest of their lives. And yet most people don’t take the time to learn them. It is a free productivity boost.”
— Sam Corcos
“If you cannot write out your ideas, you do not have coherent thoughts.”
— Sam Corcos
“Every new surface that you add is an obligation to maintain — maybe forever.”
— Sam Corcos
The post Sam Corcos, Co-Founder of Levels — The Ultimate Guide to Virtual Assistants, 10x Delegation, and Winning Freedom by Letting Go (Plus: Creating Leverage with Tools, Systems, and Processes) (#694) appeared first on The Blog of Author Tim Ferriss.
25 of My Favorite Books, Articles, Gadgets, Tech, and More (So Far in 2023)

What does my audience care about most?
Put another way: if nearly two million subscribers to my newsletter voted with their clicks, what most caught their attention thus far in 2023?
The 25 items below are the most-clicked links from my weekly 5-Bullet Friday newsletter so far this year, which I then further curated for this blog post.
5-Bullet Friday is a short email of five bullet points sent out each Friday, and it has become somewhat famous for crashing websites and selling things out (a.k.a. “the hug of death,” as some readers have put it). Each newsletter describes the five coolest things I’ve found or explored that week, often including books, gadgets, tech workarounds, tricks from experts, strange experiments, and weird stuff from all over the world. My subscribers have seen many things before they’ve gone mainstream.
If you haven’t subscribed, it’s free, and you can click here to sign up in a few seconds. It’s easy to unsubscribe anytime.
Meanwhile, I hope you enjoy the below list as much as I did!
The items were shuffled in no particular order, as more clicks doesn’t automatically mean more valuable, and I didn’t want to bias people towards a few links at the top.
Here we go…
#1: Coffee gadgets I’m using dailyJura ENA 4 (Cost: $999). This was gifted to me by my friend Brad L. He is a die-hard coffee nerd and swore it was the best cup of coffee you could have without a professional barista. Just feed it whole beans, and it handles the rest. This attractive machine also imbues the coffee with a creamy texture that is hard to describe.
AeroPress Original (Cost: The 4-Hour Chef: “This is now, bar none, my favorite brewing method. Remember the Aerobie, the amazing UFO-like disc that you could throw farther than a football field, 20 times farther than a standard Frisbee? Alan Adler, a mechanical engineer and Stanford University lecturer, created it. After conquering the 1980s toy market, he began to obsess over coffee. The result was the AeroPress, which debuted in 2006. Quickly adopted by the specialty coffee community, it offers a simple way to prepare a small amount of excellent coffee, and it’s great for travel. Armed with an AeroPress and a tiny manual hand grinder like the Hario MSS-1B Mini Mill [or the more recently recommended Comandante], you can even make world-class coffee on an airplane meal tray! No mess and no fuss.” If you want to use a beefier and automated burr grinder at home, I now use the Baratza Encore.
[Published in the May 12th newsletter]
#2: List of questions I’m perusing“Questions” by Alexey Guzey. The English is a little rough in places, but I found some of these questions to be excellent reminders and many others to be outstanding brain food.
[Published in the August 4th newsletter]
#3: New blog post I’m excited to share“Revisiting Warren Buffett’s Advice to Me in 2008 (Plus: 7 Lessons for Young Investors).” An old video recently resurfaced on social media. It’s yours truly asking Warren Buffett and Charlie Munger a question at the 2008 Berkshire Hathaway Shareholders Meeting. I was intensely nervous, and the audio makes that clear. This clip went viral, and a number of media outlets (Wall Street Journal, Business Insider, etc.) reached out to me for comment, asking me questions like “What advice would you give a 30-year-old now who’d just amassed their first million?” I decided to take a few of my longer answers that didn’t make it into the pieces and write a blog post with more context.
[Published in the March 3rd newsletter]
#4: Fast and easy game that I’m lovingTaco Cat Goat Cheese Pizza. You can learn how to play in less than a minute. The game is fast, fun, addictive, hilarious, and suitable for all ages. It scrambles brains to the delight of all. Hat tip to game Jedi Elan Lee (@elanlee) for introducing me to this gem!
[Published in the March 26th newsletter]
#5: What I’m excited to share with youA 5-Bullet Friday exclusive! A short motivational video from Arnold Schwarzenegger, just for you. For more motivation and tactical advice from Arnold, click here to sign up for his daily newsletter called The Pump Daily. On the linked-to page, you’ll also get a free ebook describing how Arnold sets and achieves goals, a simple home-based workout, and his hardcore 1970s chest and back workout for anyone who wants to risk a trip to the hospital.
And by the way… Arnold handwrites his emails. Check out this gem from earlier this week, shared with permission:

[Published in the January 13th newsletter]
#6: Portable cold plunge I’m enjoyingThe Cold Pod. For anti-inflammation and mood elevation, cold is the simplest solution I’ve found. I desperately wanted to cold plunge while at an Airbnb, but what to do that doesn’t leave a chest freezer behind? I found this inflatable Cold Pod on Amazon, and it works surprisingly well. Yes, you need to refill with ice, but it’s been a godsend. Pro tip: the less water you use, the less ice you need to lower the temperature.
[Published in the August 4th newsletter]
#7: What I’m rereading“100 Tips for a Better Life” by Conor Barnes (@Ideopunk). This is a surprisingly good list, despite the generic headline. Thanks to Ryan Holiday (@RyanHoliday) for the recommendation.
[Published in the July 21 newsletter]
#8: Winter jacket that’s saving my assStio’s Environ XT Jacket. I recently replaced my old ski jacket/shell with this, and I’m thrilled that I did. It’s lightweight, durable, and has made even windy negative temperatures easy to handle with a proper base layer and midlayer. The Stio Environ XT is one of SKI Magazine’s “Best Men’s Ski Jackets of 2023,” and I chose Afternoon Azure for color. Here’s the description from the website: “Primed and ready for sidecountry hits, all-day tours, and storm laps in the resort, this jacket is for the minimalist who never uses his powder skirt and the purist who knows exactly what he needs.”
[Note: If the Stio jacket is sold out (it’s popular!), this Men’s Shralpinist Stretch Recycled Jacket from Jones Snowboards is a great alternate. Hat tip to Brad for the recommendation.]
[Published in the February 3rd newsletter]
#9: Article I’m rereading“Taming the Mammoth: Why You Should Stop Caring What Other People Think.” This remains one of the most empowering articles I’ve read in recent years. It’s hilarious and amazing. For double trouble, pair it with my interview with the author, Tim Urban (@waitbutwhy).
[Published in the February 3rd newsletter]
#10: List I’m studying“The 50 Best Places to Travel in 2023.” I am planning my next adventures, both in the U.S. and abroad, and this list had some unexpected gems.
[Published in the July 21st newsletter]
#11: Device I’m still using weekly to save my back and neckThe Body Back Buddy, which was originally recommended to me by Dustin Moskovitz (@moskov), co-founder of Asana and Facebook. Here’s how Dustin answered my “best purchase for Tribe of Mentors: “The Back Buddy by the Body Back Company is my favorite purchase from the past five years, bar none. Most basically, it allows you to administer self-massage anywhere on your back with the full leverage of two hands, but I’ve also really gotten to know and appreciate all the little knobs and other features over the years. I’ve even learned how to manipulate parts of my skeletal structure (i.e., self-chiropracty) and incorporate it into my yoga practice.”
[Published in the August 18th newsletter]
#12: Science fiction short story I’m reading“The Last Question” by Isaac Asimov. This 10–15-minute read is really spectacular. DO NOT read anything about this story before digging in, as even a small spoiler can ruin it. Special thanks to Adam Robinson (@IAmAdamRobinson) for sending it to me.
[Published in the April 21st newsletter]
#13: Book that I couldn’t put downSaga: Compendium One. This is a raucous masterpiece! After two close friends recommended it within 48 hours, I bit the bullet. I haven’t read graphic novels in ages, but this NSFW gem blew me away. I tore through it in two days. It’s rare that both the writing and artwork grab me, but this did it. Deep bow and “More please!” to Brian K. Vaughan (@briankvaughan), Fiona Staples (@fionastaples), and FONOGRAFIKS. Don’t let the page count scare you, as it moves quickly with the artwork. Think of it as a 150–175-page book.
[Published in the March 31st newsletter]
#14: YouTube summary I’m sharing with friends“A Massive Upgrade To ChatGPT! (This is Crazy).” This short summary of new ChatGPT features really underscores how explosively the scope of AI tools is expanding. It looks like ChatGPT could quickly become WeChat on steroids for the English-speaking world. Thanks to NP for sharing this.
[Published in the March 24th newsletter]
#15: What I’m reading“Why AI Won’t Cause Unemployment” by Marc Andreessen (@pmarca). Even if you don’t read this, take a second to look at the primary graph.
[Published in the April 21st newsletter]
#16: Magic trick I’m watchingInfinite Chocolate Bar Trick. Special thanks to Simon Coronel, world champion of magic, for making me aware of this.
[Published in the April 28th newsletter]
#17: Article I’m reading“How My Father and I Drew a New Life” by Brian Frazer for The New York Times. This is a truly remarkable essay with lessons for all readers. Short and easy. If you’re having trouble accessing the essay at the above link, try this one.
[Published in the June 23rd newsletter]
#18: What I’m watching“The drawing advice that changed my life.” This video has great advice for anyone looking to expand their creativity. It also has pithy and powerful principles (alliteration!) for anyone looking to procrastinate less.
[Published in the May 26th newsletter]
#19: What I’m wearing for skiing and touringORTOVOX Merino Thermovent Hoody. From the description: “The HOODY is made of 99% fine merino wool. Thanks to the mesh structure in the torso and arm areas, this super-lightweight base layer wicks moisture away perfectly and provides ventilation. And the air pockets in the special structure make it particularly warm. Merino wool is naturally temperature- and moisture-regulating. A small pack size and ideal weight-to-warmth ratio will delight all tourers who value comfort and low weight.”
[Published in the January 27th newsletter]
#20: What I’m using for better sleepNayoya Acupressure Mat. This was originally introduced to me by acrobat phenom Andrii Bondarenko, but I’ve realized that the smaller portion intended for the neck is perfect for helping calm low-back stiffness and muscle spasms. I’ll lie on this for 5–10 minutes as I read before bed then ditch and go to sleep. It seems to substantially reduce tightness and discomfort throughout the night, and the neck-roll portion is much easier to pack for travel.
[Note: If the Nayoya mat is sold out (it’s popular!), you can find similar products online, like this mat from Sivan with 4.3/5 stars and 1900+ ratings.]
[Published in the August 25th newsletter]
#21: What I’m reading“How We Spend Our Days Is How We Spend Our Lives: Annie Dillard on Choosing Presence Over Productivity” by Maria Popova (@brainpicker).
[Published in the May 12th newsletter]
#22: Comic book series I’m lovingTokyo Ghost, written by Rick Remender, drawn by Sean Murphy, and colored by Matt Hollingsworth. Lazarus #1, written by Greg Rucka, drawn by Michael Lark, and colored by Santi Arcas. Reckless, written by Ed Brubaker, illustrated by Sean Phillips, and colored by Jacob Phillips. I posted the covers on Instagram for those who’d like to take a gander.
[Published in the May 12th newsletter]
#23: What I’m watching“Michael Jackson on Fire Diorama.” This is the best thing I’ve seen on the Internet in a looong time. Keep watching. It just gets weirder. Huge thanks to Oli for sending this to me. I have no idea how he tracked this down on a YouTube channel with five videos, but what a gift! First, you see an amazing craftsman, and then…
[Published in the April 7th newsletter]
#24: Short video that’s making me laugh“Letterkenny Problems Ep. 1.” This clip is only 90 seconds long and will offend at least 69% of you. Consider yourselves warned. Description: “Two good old boys from Letterkenny, Ontario, tell you their problems.” Hat tip to Dr. Montucky for this gem, which I needed in the midst of a serious week.
[Published in the March 17th newsletter]
#25: Article I’m reading“The four-hour workday” by Oliver Burkeman. Hat tip to Cal Newport for this one. I love Oliver’s perspective and writing style. From the essay: “Something I’ve long understood about myself is that whenever I get stressed about the number of things on my plate, or anxious about the challenges of a specific project, it’s an excellent idea to do the opposite of what comes naturally to me.” For a perfect pairing, also take a look at Parkinson’s Law, a satirical but practical concept I explored a lot in The 4-Hour Workweek.
[Published in the August 4th newsletter]
Want to see more? Take 10 seconds and sign up for 5-Bullet Friday here. Each Friday, you’ll get a short email of five bullets, sending you off to your weekend with fun and useful things to ponder and try. If you dislike it, it’s easy to unsub. Easy peasy, lemon squeezy.
The post 25 of My Favorite Books, Articles, Gadgets, Tech, and More (So Far in 2023) appeared first on The Blog of Author Tim Ferriss.
September 19, 2023
In Case You Missed It: August 2023 Recap of “The Tim Ferriss Show” (#693)
Welcome to another episode of The Tim Ferriss Show, where it is my job to deconstruct world-class performers to tease out the routines, habits, et cetera that you can apply to your own life.
This is a special inbetweenisode, which serves as a recap of the episodes from last month. It features a short clip from each conversation in one place so you can easily jump around to get a feel for the episode and guest.
See it as a teaser. Something to whet your appetite. If you like what you hear, you can of course find the full episodes below or at tim.blog/podcast.
Please enjoy!
Timestamps:
Co-Founder and CEO of Asana Dustin Moskovitz: 00:03:08:14
Visionary entrepreneurs Daniil and David Liberman: 00:10:41:03
Award-winning game designer Justin Gary: 00:15:27:08
Legendary physical therapist Dr. Shirley Sahrmann: 00:20:04:20
Included episodes:
The Brothers Who Live One Life — The Incredible Adventures of David and Daniil Liberman (#689)
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercastIn Case You Missed It: August 2023 Recap of “The Tim Ferriss Show” (#693)This episode is brought to you by 5-Bullet Friday, my very own email newsletter that every Friday features five bullet points highlighting cool things I’ve found that week, including apps, books, documentaries, gadgets, albums, articles, TV shows, new hacks or tricks, and—of course—all sorts of weird stuff I’ve dug up from around the world.
It’s free, it’s always going to be free, and you can subscribe now at tim.blog/friday.
The post In Case You Missed It: August 2023 Recap of “The Tim Ferriss Show” (#693) appeared first on The Blog of Author Tim Ferriss.
September 11, 2023
Arthur C. Brooks — How to Be Happy, Reverse Bucket Lists, The Four False Idols, Muscular Philosophies, Practical Inoculation Against the Darkness, and More (#692)
Illustration via 99designs“Intention is fine, but attachment is bad.”
— Arthur C. Brooks
Arthur C. Brooks (@arthurbrooks) is the Parker Gilbert Montgomery Professor of the Practice of Public and Nonprofit Leadership at the Harvard Kennedy School and Professor of Management Practice at the Harvard Business School, where he teaches courses on leadership and happiness. He is also a columnist at The Atlantic, where he writes the popular “How to Build a Life” column. Brooks is the author of 13 books, including the 2022 #1 New York Times bestseller From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life and his newest Build the Life You Want: The Art and Science of Getting Happier with co-author Oprah Winfrey. He speaks to audiences all around the world about human happiness and works to raise well-being within private companies, universities, public agencies, and community organizations.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
Brought to you by Wealthfront high-yield savings account, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating, and AG1 all-in-one nutritional supplement.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#692: Arthur C. Brooks — How to Be Happy, Reverse Bucket Lists, The Four False Idols, Muscular Philosophies, Practical Inoculation Against the Darkness, and MoreThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is brought to you by Wealthfront! Wealthfront is an app that helps you save and invest your money. Right now, you can earn 4.80% APY—that’s the Annual Percentage Yield—with the Wealthfront Cash Account. That’s more than eleven times more interest than if you left your money in a savings account at the average bank, according to FDIC.gov.
It takes just a few minutes to sign up, and then you’ll immediately start earning 4.8% interest on your savings. And when you open an account today, you’ll get an extra fifty-dollar bonus with a deposit of five hundred dollars or more. Visit Wealthfront.com/Tim to get started.
This episode is brought to you by Eight Sleep! Eight Sleep’s Pod Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.
Go to EightSleep.com/Tim and save $250 on the Eight Sleep Pod Cover. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.
Want to hear another episode with someone who leads the world toward greater kindness by example? Have a listen to my most recent conversation with Jack Kornfield in which we discussed the point of consciousness, yogic swoons and anesthetic autopiloting, how the Buddha might deal with anxiety, the dimensions of meditation, reliably eliciting the non-self, cultivating a more joyful mind, and much more.
#684: Jack Kornfield — How to Reduce Anxiety and Polish the Lens of ConsciousnessWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Arthur C. Brooks:Website | Twitter | Facebook | Instagram | TikTok
Build the Life You Want: The Art and Science of Getting Happier by Arthur C. Brooks and Oprah Winfrey | Amazon From Strength to Strength: Finding Success, Happiness, and Deep Purpose in the Second Half of Life by Arthur C. Brooks | AmazonHow to Build a Life by Arthur C. Brooks | The AtlanticThe Secret to Happiness, According to This Harvard Professor: A Reverse Bucket List | Inc.comThe 3 Equations for a Happy Life, Even During a Pandemic by Arthur C. Brooks | The AtlanticWhy Are Rhumb Lines (Loxodromes) a Constant Track Direction? | GIS GeographyHow Thich Nhat Hanh Taught the West about Mindfulness by Arthur C. Brooks | The Washington PostFestschrift | EtymonlineThree Different Paths of Buddhism | The Namchak CommunityCatholicism: Beliefs, Practices, History | Learn ReligionsThe Miracle of Mindfulness: An Introduction to the Practice of Meditation by Thích Nhất Hạnh | AmazonMemories from the Root Temple: Washing Dishes | Plum VillageHow to Pray the Rosary | Rosary Center & ConfraternityWhat Is Transmission Meditation? How Meditation Moves Between Us | About MeditationBuild Strength and Muscle Fast with Occlusion Training | Scientific AmericanAre There Benefits with Occlusion Training? | Mind Pump ShowOcclusion Training Cuffs | AmazonYour Body, Your Health, and Your Happiness | The Art of Happiness with Arthur C. BrooksArthur Brooks: French Horn Taught Me Everything I Needed to Know | SurtilConfessions of a Catholic Convert to Capitalism | America MagazineBasilica of Saint Mary of GuadalupeThe Miraculous Image of Our Lady of Guadalupe | The Catholic CompanyArthur Brooks | Harvard UniversityWheaton College, ILComplicated and Complex Problems In The Conservative Heart | What Would Spidey Do?Three Identical Strangers | Prime VideoRoots of Major Depression Revealed in All Their Genetic Complexity | Yale NewsSpark: The Revolutionary New Science of Exercise and the Brain by John J. Ratey and Eric Hagerman | AmazonExercise Promotes the Expression of Brain-Derived Neurotrophic Factor (BDNF) Through the Action of the Ketone Body β-Hydroxybutyrate | eLifeChanging Our Brains, Changing Ourselves | APAPositive and Negative Affect Schedule (PANAS) | Lee Kum Sheung Center for Health and HappinessMeasuring Your Happiness Can Help Improve It by Arthur C. Brooks | The AtlanticPANAS Lesson Plan and Questionnaire | Arthur BrooksOprah Winfrey and Arthur Brooks on Social Media’s Destructive Power | CBSHow to Stop Being So Envious by Arthur C. Brooks | The AtlanticThe Three Macronutrients of Happiness | Arthur Brooks, TikTokIs Pornography Addictive? | APAChoose Enjoyment Over Pleasure by Arthur C. Brooks | The AtlanticHow Wanting Less Leads to Satisfaction by Arthur C. Brooks | The AtlanticThe 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss | AmazonRolling Stones: (I Can’t Get No) Satisfaction | The Ed Sullivan ShowThe Neurobiology of Homeostasis | Knight Lab, UCSFThe Hedonic Treadmill — Are We Forever Chasing Rainbows? | Positive PsychologyThe Four Idols: Money, Power, Pleasure, and Fame | The Curiosity ChronicleThe Happiness Revolutionary | Harvard MagazineHedy Lamarr (Mar 31, 1957) | What’s My Line?The Summa Theologiæ of St. Thomas Aquinas | New AdventFame is Prison | Lady Gaga, TwitterThe Demon Mara, Who Challenged the Buddha | Learn ReligionsTim Ferriss on How He Survived Suicidal Depression and His Tools for Warding Off the Darkness | The MarginalianFentanyl Awareness | DEABetter Call Saul | Prime VideoFinding Nemo | Prime VideoThe Benefits of ‘Forest Bathing’ | TIMEMeditation, Mindset, and Mastery | The Tim Ferriss Show #201When Working Harder Doesn’t Work, Time to Reinvent Your Career | HBS Working KnowledgeWhat is Stoicism? | Daily StoicKings of Kings | Hardcore HistoryAshes to Ashes Dust to Dust: Behind the Saying | LoveToKnowHow to Find Good Places to Stargaze | NASA Solar System ExplorationThe Brothers Karamazov by Fyodor Dostoevsky | AmazonMeditations by Marcus Aurelius | AmazonMoney (Actually) Can Buy Happiness | Harvard Business SchoolHigh Income Improves Evaluation of Life but Not Emotional Well-Being | PNASIncome and Emotional Well-Being: A Conflict Resolved | PNASGive Your Money. Give Your Time. Don’t Tell Anyone. by Arthur C. Brooks | The AtlanticOpinion: Let’s Restart the Adoption Movement by Arthur C. Brooks | The New York TimesBabylonian Talmud: Tractate Sanhedrin | Jewish Virtual Library“These Go to 11.” | Spinal TapLosing Their Religion? New Report Shows Spaniards Are Turning Their Backs on Faith | El País EnglishThe Silence of the Lambs | Prime VideoThe Science of Happiness and Wellbeing | Harvard UniversityHow Does Jewish Matchmaking Work? | My Jewish LearningThe One Ring | Tolkien GatewayThe Paradox of Choice | The Decision LabDo Opposites Attract? Here’s What Science Says | BetterHelpYoung Love | Arthur Brooks, InstagramThe Kind of Love That Makes People Happiest by Arthur C. Brooks | The AtlanticLove, Actually: The Science behind Lust, Attraction, and Companionship | Science in the NewsThink About Your Death and Live Better by Arthur C. Brooks | The AtlanticShining the Light of Death on Life: Maranasati Meditation (Part I) | Barre Center for Buddhist StudiesShining the Light of Death on Life: Maranasati Meditation (Part II) | Barre Center for Buddhist StudiesNine Stages of Decay | WikipediaHistory of Memento Mori | Daily StoicPremeditatio Malorum | Daily StoicMeaning and Purpose in Life and Work | The Art of Happiness with Arthur BrooksWhat Is Nihilism? | Verywell MindExistentialism | Stanford Encyclopedia of PhilosophyTabula Rasa | WikipediaThe Gay Science by Friedrich Nietzsche | AmazonWhat an Ayahuasca Retreat Showed Me about My Life | VoxStart With Why by Simon Sinek | AmazonOpinion: The Father’s Example by Arthur C. Brooks | The New York TimesDoes Arthur Brooks Have the Secret to Happiness? | GQHow to Get Ahead: Faith, Friends, Family and Work | Independent.ieThe 4-Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss | AmazonReached Your Peak? Now Teach and Be Happy, Says Arthur Brooks | 24LifeHappiness in This Life is Impossible — Arthur Brooks Explains Why That’s Actually the Best News Ever | The Sunday PaperLibrary of Tibetan Works and ArchivesThe Leadership and Happiness Laboratory | Center for Public Leadership — Harvard Kennedy SchoolThe Twelve Steps | Alcoholics AnonymousA Higher Power for Atheists and Agnostics: Six Alternatives to God | The Freedom CenterAristotle’s 10 Rules for a Happy Life | The AtlanticQuit Lying to Yourself by Arthur C. Brooks | The AtlanticThe Best Friends Can Do Nothing for You by Arthur C. Brooks | The AtlanticYPO Forum | YPOWhy So Many Men Feel Lonely Today | Psychology TodaySurprising Differences between Lonely Women and Lonely Men | PsychCentralSimon Sinek: Feedback is a Gift | FourBlockDon’t Objectify Yourself by Arthur C. Brooks | The AtlanticArthur Brooks: Strength to Strength | Super SoulThe Noonday Demon: An Atlas of Depression by Andrew Solomon | AmazonWinston Churchill and His ‘Black Dog’ of Greatness | The ConversationClif Bar Variety Pack | AmazonBrazil Nuts and Testosterone: Is There a Link? | HealthlineWhat Is Exposure Therapy? | APAIsaiah 50:7 | Bible GatewayHow to Be Happy After You Fail by Arthur C. Brooks | The AtlanticSHOW NOTESEditor’s Note: Timestamps will be added shortly.
The reverse bucket list.Intention without attachment.Writing Thích Nhất Hạnh’s obituary.Buddhist views through a Catholic lens.Occlusion training and physical fitness over 40.Arthur’s semi-mystical teenage experiences in Mexico.Arthur’s academic dad on complex vs. complicated.Happiness hygiene for genetically baseline gloominess.Happiness and unhappiness: hand in hand.Being effective with one’s affects.The three macronutrients of happiness.Identifying (and learning to live with) our idols.Secularly securing transcendent perspective.Money doesn’t buy happiness — it lowers unhappiness.Tithing and adoption.How Arthur and his wife met, and how their values aligned over time.Advice for seeking love in the modern world.Death meditation.Finding personal purpose and meaning.Four fundamental micronutrients of happiness.Translating a need for change into action.Aristotle’s secrets to happiness.Real friends help us put the kibosh on self-deception.Reflecting on the repercussions of living for the mirror’s approval.Collaborating with Oprah on Build the Life You Want.The point Arthur hopes people don’t miss in Build the Life You Want.Reading recommendation: The Noonday Demon.Exposure therapy: making pain part of one’s medicine.A practical way to be grateful for life’s bad things.Parting thoughts.MORE ARTHUR C. BROOKS QUOTES FROM THE INTERVIEW“Happiness is not the goal and unhappiness is not the enemy. Getting happier is the goal.”
— Arthur C. Brooks
“Physical fitness, for me, is a way to manage my negative affect. It’s actually a happiness technique for me. It doesn’t make me happier. It makes me less unhappy. That’s what physical fitness will do — it’ll buy you less unhappiness.”
— Arthur C. Brooks
“The best marriages are completely honest, but the honesty is a gift and never a weapon.”
— Arthur C. Brooks
“Most learning doesn’t happen when the professor talks about something. If you understand everything the professor says, it’s not a hard enough class, and you don’t have a very good professor. He has to blow your mind with something, and you’ve got to go away and think about it. And then you learn it through your own thinking. That’s analytical meditation, or mental prayer.”
— Arthur C. Brooks
“The number one thing that Oprah and I will be very disappointed about is that people don’t actually become more fully alive through the transcendent passage of both happierness and the unhappiness that is a part of what it means to be a real person.”
— Arthur C. Brooks
“My goal is training [people] to be happiness teachers. … Understand, change your habits, share with others.”
— Arthur C. Brooks
“Intention is fine, but attachment is bad.”
— Arthur C. Brooks
“It is the voyage itself that is the adventure of life, not actually reaching the particular destination — whether it’s the original one or one that turns out to be better or worse or wherever you wind up. And that’s the way you’ve got to live your life.”
— Arthur C. Brooks
“One of the things that I teach my students at HBS is that I would never invest in the firm of an entrepreneur who’s unwilling to give her or his heart away. Because it’s the single most risky entrepreneurial thing that you can do, putting every bit of capital at risk. If you’re not willing to give your heart away, I’m not going to put my money in your fund.”
— Arthur C. Brooks
PEOPLE MENTIONEDOprah WinfreyPeter AttiaMother NatureGautama BuddhaThe Dalai LamaThích Nhất HạnhKelly StarrettSal Di StefanoJesusJuan DiegoMary the Blessed VirginElvis PresleyDavid BrooksJacqueline BrooksCharles C. BrooksBilly GrahamRichard J. DavidsonMarina BrooksMick JaggerThomas AquinasAristotlePlatoIbn Rushd (Averroes)MaimonidesLady GagaJohn MiltonFaustMaraJohann Sebastian BachRyan HolidayEpictetusAlexander the GreatEd CookeFyodor DostoevskyMarcus AureliusMichael I. NortonAshley V. WhillansDaniel KahnemanAngus DeatonMatt KillingsworthEster Munt-BrooksFrodo BagginsSamsonJean-Paul SartreSøren KierkegaardSigmund FreudFriedrich NietzscheSimon SinekCarlos BrooksŚāntidevaScooby-DooJoshua GreeneBatman/Bruce WayneCarl JungAndrew SolomonWinston ChurchillNeale Donald WalschThe post Arthur C. Brooks — How to Be Happy, Reverse Bucket Lists, The Four False Idols, Muscular Philosophies, Practical Inoculation Against the Darkness, and More (#692) appeared first on The Blog of Author Tim Ferriss.
September 7, 2023
Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691)
Illustration via 99designs“If you must panic, panic early.”
— Nassim Nicholas Taleb
“Uncertainty is actually a reason for precaution rather than just throwing caution to the wind and just saying, ‘Well, we don’t know, so what the hell? Let’s just keep going.'”
— Scott Patterson
Nassim Nicholas Taleb (@nntaleb) spent 21 years as a risk-taker (quantitative trader) before becoming a researcher in philosophical, mathematical, and (mostly) practical problems with probability.
Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, The Bed of Procrustes, and Skin in the Game), covering broad facets of uncertainty. His work has been published into 49 languages.
In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 70 technical and scholarly papers in mathematical statistics, genetics, quantitative finance, statistical physics, medicine, philosophy, ethics, economics, and international affairs around the notion of risk and probability (grouped in the Technical Incerto).
Taleb is currently Distinguished Professor of Risk Engineering at NYU’s Tandon School of Engineering (retired). His current focus is on the properties of systems that can handle disorder (“antifragile”).
*
Scott Patterson (@pattersonscott) is an investigative reporter for The Wall Street Journal, currently based in Washington DC, working on climate and energy policy. His new book is Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis, a profile of the rise of “black-swan traders,” such as Nassim Taleb and Mark Spitznagel, as well as a survey of the many perils the world faces today—and how we might fix them.
Scott has covered everything from Berkshire Hathaway to stock exchanges to high-speed traders to the financial regulators. His first book, The Quants, describes the rise of mathematical finance and delves into its role in the 2008 financial blowup. Dark Pools, his second book, tells how computer traders took control of the US stock market, starting from the birth of computer trading in the 1980s to the explosion of high-frequency trading in the late 2000s.
Please enjoy!
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. You can watch the interview on YouTube here.
Brought to you by AG1 all-in-one nutritional supplement, Helix Sleep premium mattresses, and LinkedIn Jobs recruitment platform with 900M+ users.
The transcript of this episode can be found here. Transcripts of all episodes can be found here.
Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#691: Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much MoreThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
Right now, you’ll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That’s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.
This episode is brought to you by Helix Sleep! Helix was selected as the best overall mattress of 2022 by GQ magazine, Wired, and Apartment Therapy. With Helix, there’s a specific mattress to meet each and every body’s unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk-free. They’ll even pick it up from you if you don’t love it. And now, Helix is offering 25% off all mattress orders plus two free pillows at HelixSleep.com/Tim. The 25% off offer is valid until September 10th.
This episode is brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn screens candidates for the hard and soft skills you’re looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.
Using LinkedIn’s active community of more than 900 million professionals worldwide, LinkedIn Jobs can help you find and hire the right person faster. When your business is ready to make that next hire, find the right person with LinkedIn Jobs. And now, you can post a job for free. Just visit LinkedIn.com/Tim.
Want to hear an interview with someone else who history will remember as much more than a successful hedge fund manager? Listen to my most recent conversation with Ed Thorp in which we discussed music as stress reduction, avoiding unnecessary risks, how to become more numeracy literate, the value of long-term thinking, the price of short-term thinking, making the best financial decisions with unknown variables, how to have fun learning about probability and statistics, and much more.
#604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing FadsWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Nassim Nicholas Taleb:Connect with Scott Patterson: Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis by Scott Patterson | Amazon The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It by Scott Patterson | AmazonDark Pools: The Rise of the Machine Traders and the Rigging of the US Stock Market by Scott Patterson | AmazonIncerto by Nassim Nicholas Taleb | AmazonThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb | AmazonFooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb | AmazonAntifragile: Things That Gain from Disorder by Nassim Nicholas Taleb | AmazonThe Bed of Procrustes: Philosophical and Practical Aphorisms by Nassim Nicholas Taleb | AmazonSkin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb | AmazonStatistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications (Technical Incerto) by Nassim Nicholas Taleb | AmazonHoagie HavenThe Wall Street JournalEmpirica Capital | WikipediaUniversa Investments LPThe Collapse of Lehman Brothers: A Case Study | InvestopediaUnderstanding Tail Risk and the Odds of Portfolio Losses | InvestopediaSilent Risk: Lectures on Fat Tails, (Anti)Fragility, Precaution, and Asymmetric Exposures by Nassim Nicholas TalebBlack Monday: Definition in Stocks, What Caused It, and Losses | InvestopediaS&P 500 Returns since 2007 | Official Data FoundationDid Bruce Lee Say This About the Value of Practice? | SnopesWhat Is a Put Option?: A Guide to Buying and Selling | BankrateSystemic Risk of Pandemic via Novel Pathogens – Coronavirus: A Note | New England Complex Systems InstituteThe Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System | The New YorkerDid Justinian Create the First Pandemic? | Montana State UniversityBiological Warfare at the 1346 Siege of Caffa | Emerging Infectious DiseasesGreat Plague of 1665-1666 | The National ArchivesHow Five of History’s Worst Pandemics Finally Ended | HistoryTail Risk of Contagious Diseases | Nature PhysicsDon’t Look Up | NetflixEmperor Joseph’s Solution to Coronavirus | University of MinnesotaThe Lazarettos | Experience DubrovnikRevealed: Singapore’s Strategic Secrets for Staying Ahead | GovInsiderManaging the Crisis: Chronological Overview — Chapter Five: 1982 | FDICA Bob Rubin Trade | Fundamental Finance PlaybookRobert Rubin, Former Exec at Citigroup, Apologizes over Financial Crisis | The Seattle TimesNassim Taleb: My Rules for Life | The GuardianEight Terrific Tactics for Dealing with Haters, According to Tim Ferriss | MaximA Dozen Things I’ve Learned from Charlie Munger about Ethics | 25iqIdentifying the Highest and Best Uses of Capital | CitadelTaleb-Asness Black Swan Spat Is a Teaching Moment | Yahoo!Existentialism | Stanford Encyclopedia of PhilosophyIrrational Man: A Study in Existential Philosophy by William Barrett | AmazonCatch-22 by Joseph Heller | AmazonKurt Vonnegut’s Remembrance of Joseph Heller in The New Yorker | Scripting NewsWhat Is Stoicism? A Definition & 9 Stoic Exercises To Get You Started | Daily StoicThe Opiates of the Middle Classes by Nassim Taleb | EdgeSkepticism | Stanford Encyclopedia of PhilosophyWe’re in a ‘Polycrisis’ — A Historian Explains What That Means | World Economic ForumPrecautionary Principle | WikipediaThe Precautionary Principle | New England Complex Systems InstituteThe Precautionary Principle Explained by Nassim Taleb | Atlas GeographicaIs Nassim Taleb Right About Monsanto Company and GMOs? | The Motley FoolMediocristan and Extremistan: The Two Categories of Random Events | Coffee and JunkFat Tails | American ScientistWhere Do Thin Tails Come From? by Nassim N. Taleb | arXiv: Risk ManagementOn Fox News, Dr. Phil Said 360,000 Americans Die in Swimming Pools Every Year. He’s Wrong by Magnitudes. | PoynterRE: Drowning in Swimming Pools | Nassim Nicholas Taleb, TwitterMini Lecture 12: How to Look at the Risks of COVID Vaccines | N.N. Taleb’s Probability MoocsAfter The Bomb: Survivors of Hiroshima and Nagasaki Share Their Stories | TimeKuru: Causes, Symptoms, and Diagnosis | HealthlineThe Monsanto Saga and Launch of “Toxic Exposure” with Nassim Nicholas Taleb | Healthcare UnfilteredAnother ‘Too Big to Fail’ System in GMOs | The New York TimesThe Regulation of GMOs in Europe and the United States | Council on Foreign RelationsAnalysis: Mixed Message on Weed-Killer Reflects Reality of Scientific Uncertainty | ReutersDavid Cameron in Conversation with Nassim Taleb | RSAKarl Popper Debate | BC Forensic League SocietyWhat Did Richelieu Mean by His “Six Lines” Quote? | History Stack Exchange“The Dose Makes the Poison.” | Chemical Safety FactsUnderstanding is a Poor Substitute for Convexity (Antifragility) by Nassim Nicholas Taleb | EdgeSeven Things You Need to Know About Fannie Mae and Freddie Mac | Center for American ProgressPlaza Accord: Definition, History, Purpose, and Its Replacement | InvestopediaProfit and Loss Statement (P&L) | InvestopediaThe Blow-Up Artist | The New YorkerHow Did George Soros Break the Bank of England? | InvestopediaFat Tails, Ellipticality, and Diversification | Bloomberg Professional ServicesIs Globalization a Black Swan? | Mr. GlobalizationHow Lee Kuan Yew Engineered Singapore’s Economic Miracle | BBC NewsSoviet Influence on the Peace Movement | WikipediaThe History behind Germany’s Nuclear Phase-Out | Clean Energy WireThe Source of Germany’s Nuclear Aversion | The Breakthrough InstituteLessons and Doubts from the Chernobyl Disaster | IFRFHedge Funds Since the Financial Crisis: From Boom to Bust | InvestopediaUS Regulator Calls for Greater Scrutiny of Hedge Funds after Bond Turmoil | Financial TimesThe Tale of the Fed and Long-Term Capital Management | Barron’sHow Tech Startups Have Behaved as New Age Ponzi Schemes by Kirti Dixit | LinkedInWorking with Convex Responses: Antifragility from Finance to Oncology | EntropyHeart Rate Variability: A New Way to Track Well-Being | Harvard HealthIntermittent Fasting 101 — The Ultimate Beginner’s Guide | HealthlinePrincipia Politica Third Draft | Nassim Nicholas TalebDoes ‘Black Swan’ Author Taleb Think ChatGPT Is An Idiot? | BenzingaWhat Is the Talmud? | My Jewish LearningAncient Jewish History: Aramaic | Jewish Virtual LibraryThe Summa Theologiæ of St. Thomas Aquinas | New AdventThe Professor Helping Guide Billions in Climate Spending | WSJ12 Ways the Inflation Reduction Act Will Benefit Birds and People | AudubonRepublicans in the US ‘Battery Belt’ Embrace Biden’s Climate Spending | The GuardianSHOW NOTESEditor’s Note: Timestamps will be added shortly
How Scott and Nassim first connected.Why Nassim would rather be remembered as a scholar than a trader.You can’t forge a new friendship without breaking a few eggs.Silent risk, tail events, and one-trick ponies.What prompted Scott to write Chaos Kings?Pseudo-efficiency, pseudo-optimization, and pseudo-sorries.The joy of writing a preemptive resignation letter.Developing resilience against criticism.Recurring patterns in successful investors.Nassim: contrarian, or simply independent?Jiving with skeptical turkeys.Living in the polycrisis.The precautionary principle.Fat tails, thin tails, and the COVID vaccine.GMO risks and Monsanto intimidation tactics.Implementing the precautionary principle at a large scale.Uncertainty and the climate crisis.Convexity in the face of financial crisis.Are investors overpowered in an interconnected world?Utilizing the precaution principle in the real world (for better and worse).The flow-on effect of having skin in the game.The ponzification of startups and an overdue reckoning.What convexity at the center of all things conveys.Where to find Scott and Nassim.What Nassim is working on now.New insights from ancient words.Parting thoughts.MORE QUOTES FROM THE INTERVIEW“On my grave, I don’t want to be known as a trader, but as a scholar.”
— Nassim Nicholas Taleb
“If you must panic, panic early.”
— Nassim Nicholas Taleb
“Uncertainty is actually a reason for precaution rather than just throwing caution to the wind and just saying, ‘Well, we don’t know, so what the hell? Let’s just keep going.'”
— Scott Patterson
“It’s what I call pseudo-optimization: If you drive a Ferrari 500 kilometers per hour, you’re not going to get there faster than if you ride a bicycle, because obviously you’re never going to get there.”
— Nassim Nicholas Taleb
“I came into Wall Street and started reading about how there’s this belief that people are irrational and the markets are rational and they are predictable because of this. And I thought that is just crazy. To me, I look at financial markets and I see black swans, I see fear and greed. That to me is what drives markets, not rational behavior, rational expectations.”
— Scott Patterson
PEOPLE MENTIONEDNeil ChrissMark SpitznagelSeth RobertsBruce LeeJustinian IYaneer Bar-YamJoseph W. NormanPeter HoPasquale CirilloRobert RubinCharlie MungerRonald ReaganKenneth C. GriffinEd ThorpCliff AsnessFyodor DostoevskyJoseph HellerKurt VonnegutSeneca the YoungerPierre Daniel HuetJoseph Justus ScaligerPierre BayleDavid HumeAl-GhazalBaruch SpinozaAdam ToozeGeorge SorosKarl PopperWarren BuffettElon MuskRupert ReadPhil McGrawDavid CameronVictor NiederhofferLee Kuan YewVladimir PutinJohn MeriwetherAdam SmithAristotleNoahThomas AquinasJoe BidenThe post Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691) appeared first on The Blog of Author Tim Ferriss.
Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691)
Illustration via 99designs“If you must panic, panic early.”
— Nassim Nicholas Taleb
“Uncertainty is actually a reason for precaution rather than just throwing caution to the wind and just saying, ‘Well, we don’t know, so what the hell? Let’s just keep going.'”
— Scott Patterson
Nassim Nicholas Taleb (@nntaleb) spent 21 years as a risk-taker (quantitative trader) before becoming a researcher in philosophical, mathematical, and (mostly) practical problems with probability.
Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, The Bed of Procrustes, and Skin in the Game), covering broad facets of uncertainty. His work has been published into 49 languages.
In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 70 technical and scholarly papers in mathematical statistics, genetics, quantitative finance, statistical physics, medicine, philosophy, ethics, economics, and international affairs around the notion of risk and probability (grouped in the Technical Incerto).
Taleb is currently Distinguished Professor of Risk Engineering at NYU’s Tandon School of Engineering (retired). His current focus is on the properties of systems that can handle disorder (“antifragile”).
*
Scott Patterson (@pattersonscott) is an investigative reporter for The Wall Street Journal, currently based in Washington DC, working on climate and energy policy. His new book is Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis, a profile of the rise of “black-swan traders,” such as Nassim Taleb and Mark Spitznagel, as well as a survey of the many perils the world faces today—and how we might fix them.
Scott has covered everything from Berkshire Hathaway to stock exchanges to high-speed traders to the financial regulators. His first book, The Quants, describes the rise of mathematical finance and delves into its role in the 2008 financial blowup. Dark Pools, his second book, tells how computer traders took control of the US stock market, starting from the birth of computer trading in the 1980s to the explosion of high-frequency trading in the late 2000s.
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Listen onApple Podcasts[image error]Listen onSpotify[image error]Listen onOvercast#691: Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much MoreThis episode is brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.
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Want to hear an interview with someone else who history will remember as much more than a successful hedge fund manager? Listen to my most recent conversation with Ed Thorp in which we discussed music as stress reduction, avoiding unnecessary risks, how to become more numeracy literate, the value of long-term thinking, the price of short-term thinking, making the best financial decisions with unknown variables, how to have fun learning about probability and statistics, and much more.
#604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing FadsWhat was your favorite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODEConnect with Nassim Nicholas Taleb:Connect with Scott Patterson: Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis by Scott Patterson | Amazon The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It by Scott Patterson | AmazonDark Pools: The Rise of the Machine Traders and the Rigging of the US Stock Market by Scott Patterson | AmazonIncerto by Nassim Nicholas Taleb | AmazonThe Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb | AmazonFooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb | AmazonAntifragile: Things That Gain from Disorder by Nassim Nicholas Taleb | AmazonThe Bed of Procrustes: Philosophical and Practical Aphorisms by Nassim Nicholas Taleb | AmazonSkin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb | AmazonStatistical Consequences of Fat Tails: Real World Preasymptotics, Epistemology, and Applications (Technical Incerto) by Nassim Nicholas Taleb | AmazonHoagie HavenThe Wall Street JournalEmpirica Capital | WikipediaUniversa Investments LPThe Collapse of Lehman Brothers: A Case Study | InvestopediaUnderstanding Tail Risk and the Odds of Portfolio Losses | InvestopediaSilent Risk: Lectures on Fat Tails, (Anti)Fragility, Precaution, and Asymmetric Exposures by Nassim Nicholas TalebBlack Monday: Definition in Stocks, What Caused It, and Losses | InvestopediaS&P 500 Returns since 2007 | Official Data FoundationDid Bruce Lee Say This About the Value of Practice? | SnopesWhat Is a Put Option?: A Guide to Buying and Selling | BankrateSystemic Risk of Pandemic via Novel Pathogens – Coronavirus: A Note | New England Complex Systems InstituteThe Pandemic Isn’t a Black Swan but a Portent of a More Fragile Global System | The New YorkerDid Justinian Create the First Pandemic? | Montana State UniversityBiological Warfare at the 1346 Siege of Caffa | Emerging Infectious DiseasesGreat Plague of 1665-1666 | The National ArchivesHow Five of History’s Worst Pandemics Finally Ended | HistoryTail Risk of Contagious Diseases | Nature PhysicsDon’t Look Up | NetflixEmperor Joseph’s Solution to Coronavirus | University of MinnesotaThe Lazarettos | Experience DubrovnikRevealed: Singapore’s Strategic Secrets for Staying Ahead | GovInsiderManaging the Crisis: Chronological Overview — Chapter Five: 1982 | FDICA Bob Rubin Trade | Fundamental Finance PlaybookRobert Rubin, Former Exec at Citigroup, Apologizes over Financial Crisis | The Seattle TimesNassim Taleb: My Rules for Life | The GuardianEight Terrific Tactics for Dealing with Haters, According to Tim Ferriss | MaximA Dozen Things I’ve Learned from Charlie Munger about Ethics | 25iqIdentifying the Highest and Best Uses of Capital | CitadelTaleb-Asness Black Swan Spat Is a Teaching Moment | Yahoo!Existentialism | Stanford Encyclopedia of PhilosophyIrrational Man: A Study in Existential Philosophy by William Barrett | AmazonCatch-22 by Joseph Heller | AmazonKurt Vonnegut’s Remembrance of Joseph Heller in The New Yorker | Scripting NewsWhat Is Stoicism? A Definition & 9 Stoic Exercises To Get You Started | Daily StoicThe Opiates of the Middle Classes by Nassim Taleb | EdgeSkepticism | Stanford Encyclopedia of PhilosophyWe’re in a ‘Polycrisis’ — A Historian Explains What That Means | World Economic ForumPrecautionary Principle | WikipediaThe Precautionary Principle | New England Complex Systems InstituteThe Precautionary Principle Explained by Nassim Taleb | Atlas GeographicaIs Nassim Taleb Right About Monsanto Company and GMOs? | The Motley FoolMediocristan and Extremistan: The Two Categories of Random Events | Coffee and JunkFat Tails | American ScientistWhere Do Thin Tails Come From? by Nassim N. Taleb | arXiv: Risk ManagementOn Fox News, Dr. Phil Said 360,000 Americans Die in Swimming Pools Every Year. He’s Wrong by Magnitudes. | PoynterRE: Drowning in Swimming Pools | Nassim Nicholas Taleb, TwitterMini Lecture 12: How to Look at the Risks of COVID Vaccines | N.N. Taleb’s Probability MoocsAfter The Bomb: Survivors of Hiroshima and Nagasaki Share Their Stories | TimeKuru: Causes, Symptoms, and Diagnosis | HealthlineThe Monsanto Saga and Launch of “Toxic Exposure” with Nassim Nicholas Taleb | Healthcare UnfilteredAnother ‘Too Big to Fail’ System in GMOs | The New York TimesThe Regulation of GMOs in Europe and the United States | Council on Foreign RelationsAnalysis: Mixed Message on Weed-Killer Reflects Reality of Scientific Uncertainty | ReutersDavid Cameron in Conversation with Nassim Taleb | RSAKarl Popper Debate | BC Forensic League SocietyWhat Did Richelieu Mean by His “Six Lines” Quote? | History Stack Exchange“The Dose Makes the Poison.” | Chemical Safety FactsUnderstanding is a Poor Substitute for Convexity (Antifragility) by Nassim Nicholas Taleb | EdgeSeven Things You Need to Know About Fannie Mae and Freddie Mac | Center for American ProgressPlaza Accord: Definition, History, Purpose, and Its Replacement | InvestopediaProfit and Loss Statement (P&L) | InvestopediaThe Blow-Up Artist | The New YorkerHow Did George Soros Break the Bank of England? | InvestopediaFat Tails, Ellipticality, and Diversification | Bloomberg Professional ServicesIs Globalization a Black Swan? | Mr. GlobalizationHow Lee Kuan Yew Engineered Singapore’s Economic Miracle | BBC NewsSoviet Influence on the Peace Movement | WikipediaThe History behind Germany’s Nuclear Phase-Out | Clean Energy WireThe Source of Germany’s Nuclear Aversion | The Breakthrough InstituteLessons and Doubts from the Chernobyl Disaster | IFRFHedge Funds Since the Financial Crisis: From Boom to Bust | InvestopediaUS Regulator Calls for Greater Scrutiny of Hedge Funds after Bond Turmoil | Financial TimesThe Tale of the Fed and Long-Term Capital Management | Barron’sHow Tech Startups Have Behaved as New Age Ponzi Schemes by Kirti Dixit | LinkedInWorking with Convex Responses: Antifragility from Finance to Oncology | EntropyHeart Rate Variability: A New Way to Track Well-Being | Harvard HealthIntermittent Fasting 101 — The Ultimate Beginner’s Guide | HealthlinePrincipia Politica Third Draft | Nassim Nicholas TalebDoes ‘Black Swan’ Author Taleb Think ChatGPT Is An Idiot? | BenzingaWhat Is the Talmud? | My Jewish LearningAncient Jewish History: Aramaic | Jewish Virtual LibraryThe Summa Theologiæ of St. Thomas Aquinas | New AdventThe Professor Helping Guide Billions in Climate Spending | WSJ12 Ways the Inflation Reduction Act Will Benefit Birds and People | AudubonRepublicans in the US ‘Battery Belt’ Embrace Biden’s Climate Spending | The GuardianSHOW NOTESEditor’s Note: Timestamps will be added shortly
How Scott and Nassim first connected.Why Nassim would rather be remembered as a scholar than a trader.You can’t forge a new friendship without breaking a few eggs.Silent risk, tail events, and one-trick ponies.What prompted Scott to write Chaos Kings?Pseudo-efficiency, pseudo-optimization, and pseudo-sorries.The joy of writing a preemptive resignation letter.Developing resilience against criticism.Recurring patterns in successful investors.Nassim: contrarian, or simply independent?Jiving with skeptical turkeys.Living in the polycrisis.The precautionary principle.Fat tails, thin tails, and the COVID vaccine.GMO risks and Monsanto intimidation tactics.Implementing the precautionary principle at a large scale.Uncertainty and the climate crisis.Convexity in the face of financial crisis.Are investors overpowered in an interconnected world?Utilizing the precaution principle in the real world (for better and worse).The flow-on effect of having skin in the game.The ponzification of startups and an overdue reckoning.What convexity at the center of all things conveys.Where to find Scott and Nassim.What Nassim is working on now.New insights from ancient words.Parting thoughts.MORE QUOTES FROM THE INTERVIEW“On my grave, I don’t want to be known as a trader, but as a scholar.”
— Nassim Nicholas Taleb
“If you must panic, panic early.”
— Nassim Nicholas Taleb
“Uncertainty is actually a reason for precaution rather than just throwing caution to the wind and just saying, ‘Well, we don’t know, so what the hell? Let’s just keep going.'”
— Scott Patterson
“It’s what I call pseudo-optimization: If you drive a Ferrari 500 kilometers per hour, you’re not going to get there faster than if you ride a bicycle, because obviously you’re never going to get there.”
— Nassim Nicholas Taleb
“I came into Wall Street and started reading about how there’s this belief that people are irrational and the markets are rational and they are predictable because of this. And I thought that is just crazy. To me, I look at financial markets and I see black swans, I see fear and greed. That to me is what drives markets, not rational behavior, rational expectations.”
— Scott Patterson
PEOPLE MENTIONEDNeil ChrissMark SpitznagelSeth RobertsBruce LeeJustinian IYaneer Bar-YamJoseph W. NormanPeter HoPasquale CirilloRobert RubinCharlie MungerRonald ReaganKenneth C. GriffinEd ThorpCliff AsnessFyodor DostoevskyJoseph HellerKurt VonnegutSeneca the YoungerPierre Daniel HuetJoseph Justus ScaligerPierre BayleDavid HumeAl-GhazalBaruch SpinozaAdam ToozeGeorge SorosKarl PopperWarren BuffettElon MuskRupert ReadPhil McGrawDavid CameronVictor NiederhofferLee Kuan YewVladimir PutinJohn MeriwetherAdam SmithAristotleNoahThomas AquinasJoe BidenThe post Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691) appeared first on The Blog of Author Tim Ferriss.


