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Tim Ferriss - Curating Curiosities - [Invest Like the Best, EP.369]

1h 26m · Podcast Notes Playlist: Latest Episodes · 08 May 00:00

Invest Like the Best

Key Takeaways

  • Check out theepisodepage

Read the full notes @ podcastnotes.org

My guest today is Tim Ferriss. Tim is a writer, podcaster, and investor. He has written five best-selling books, has been an early-stage investor in Facebook, Uber, Shopify, & other household names, and is the host of one of the biggest podcasts in the world. He started The Tim Ferriss Show as an experiment in April 2014 and has deconstructed world-class performers ever since. Last year, his show crossed 1 billion downloads. Together, we deconstruct his podcast and approach to life. We talk about the art of interviewing, the business behind his podcast, and what motivates Tim to keep teaching through his writing and podcast. Please enjoy this great conversation with Tim Ferriss.

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For the full show notes, transcript, and links to mentioned content, check out the episode page here.
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This episode is brought to you by Tegus, the only investment research platform built for the investor. With traditional research vendors, the diligence process is slow, fragmented, and expensive. That leaves investors competing on how well they can aggregate data — not on their unique ability to analyze insights and make great investment decisions. Tegus offers an end-to-end platform with all the data you need to get up to speed on a company or market: up-to-the-minute financials, customizable models, management and culture checks, and, of course, our vast and growing library of expert call transcripts. Tegus is changing the world of expert research. Learn more and get your free trial at tegus.com/patrick.
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Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes.
Past guests include Tobi Lutke, Kevin Systrom, Mike Krieger, John Collison, Kat Cole, Marc Andreessen, Matthew Ball, Bill Gurley, Anu Hariharan, Ben Thompson, and many more.
Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here.
Follow us on Twitter: @patrick_oshag | @JoinColossus
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).

Show Notes:
(00:00:00) Welcome to Invest Like the Best
(00:03:32) The Evolution of Podcasting with Tim Ferriss
(00:09:56) Crafting Meaningful Conversations
(00:13:26) What Makes Tim Feel The Most Alive
(00:24:06) Who Tim Considers To Be His Mentors
(00:29:06) The Ingredients Of A World Class Performance
(00:31:06) The Business Side of Podcasting
(00:43:15) Identifying Emerging Trends
(00:50:12) Lessons From Building a Small, Efficient Team
(00:52:32) The Power of Constraints in Personal and Professional Growth
(00:53:10) Innovating Against the Grain (Anti-Video Experiment)
(00:54:54) Navigating Fame, Money, and Power
(01:02:00) The Impact of Sharing Difficult Stories
(01:06:18) Meta-Learning: A Framework for Fast, Effective Learning
(01:12:32) Reflecting on a Decade of Podcasting & What’s In Store
(01:24:41) The Kindest Thing Anyone Has Ever Done For Tim

The episode Tim Ferriss - Curating Curiosities - [Invest Like the Best, EP.369] from the podcast Podcast Notes Playlist: Latest Episodes has a duration of 1:26:33. It was first published 08 May 00:00. The cover art and the content belong to their respective owners.

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Key Takeaways

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  • It is important for the founders of a company to truly want the thing that they are creating
  • You must be willing to have thoughts and say things that cause investors to say, “that is the dumbest thing that I’ve ever heard”
  • You can succeed with a consensus idea if you are willing to relentlessly out-execute everyone else, but it is going to be much harder than succeeding with a non-consensus idea
  • Seek honest feedback from users and consumers instead of seeking validation from them
  • Have a broad hypothesis, but be open to the non-obvious thing when it presents itself or when you discover it
  • Winning is a mindset that pervades all else
  • Err on the side of over-persistence; people tend to give up before they really give something a shot

Read the full notes @ podcastnotes.org
Emmett Shear was a gamer long before he helped define one of the most important new media companies at the intersection of gaming, media, and the creator economy. What can we learn from his success as a founder? (hint: it has something to do with truly listening to users.)Check out the new Pattern Breakers Blog at patternbreakers.substack.com for even more Pattern Breaking content from Mike. You can also pre-order Mike's new book Pattern Breakers wherever you buy books.

The Silurian Hypothesis

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  • Future species will likely find evidence of our nuclear tests, which include compounds such as plutonium 244 and 129
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Read the full notes @ podcastnotes.org

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James Altucher Show

Key Takeaways

  • Fears and risks are not reasons why we should not try to move forward and make positive use of new technologies
  • Educators must be explicit about why they are giving certain tasks, in addition to being more explicit about the types of tools that are acceptable and those that are not
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  • Few people retain most of what they are exposed to in school; in fact, 60-70% of kids who go to community college have to receive remediation, not even at a high school level, but at a 7th-grade level
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Read the full notes @ podcastnotes.org

A Note from James:

Oh my gosh, I've been wanting to have this guy on my podcast for literally ten years, ever since I started. I am so impressed with him, and he speaks about a subject near and dear to my heart. Salman Khan, Sal Khan, is the creator of Khan Academy, which was really the first big online academy. It focused on teaching math, coding, and other subjects, effectively reaching people who went through years of school without truly mastering these topics. Khan Academy has had a profound understanding of education and has become a huge phenomenon.

150 million students have used Khan Academy, with that number representing monthly users or registered accounts. Sal Khan recently authored a book on how AI will revolutionize education, titled "Brave New Words: How AI Will Revolutionize Education and Why That's a Good Thing." He discusses the use of AI in education for students, teachers, and employers, providing valuable insights into not only education but also AI and its impact on our lives. He addresses common fears about AI, its role in creativity, learning, and whether it will replace jobs or facilitate new employment opportunities.

I finally got the chance to interview Sal Khan about Khan Academy and AI. I learned so much, and I hope you will too.

Episode Description:

In this thought-provoking episode of The James Altucher Show, we embark on an exploratory journey into the future of education with none other than Salman Khan, the visionary founder of Khan Academy. As AI continues to seep into every facet of our lives, its potential to transform educational paradigms stands both as an opportunity and a profound challenge. Salman shares intriguing insights from his latest book, *Brave New Words: How AI Will Revolutionize Education and Why That's a Good Thing*, delving into AI's role not just as a disruptor, but as a potent catalyst for educational equity and innovation.

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James engages Salman in discussions that span the philosophical to the practical, from concerns over AI-induced job displacement to the future of screenwriting in the age of algorithmic creativity. Yet, at its core, this dialogue returns always to the transformative potential of AI in enriching human understanding and connection — whether in interpreting Shakespeare or solving quadratic equations.

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Episode Summary:

00:00 Introduction to the Podcast and Sal Khan's Impact

03:00 Exploring Sal Khan's Personal Background

05:12 The Genesis of Khan Academy

08:26 Transitioning Khan Academy into a Nonprofit Giant

09:53 AI's Role in Revolutionizing Education

12:45 Addressing AI and Cheating in Education

16:03 The Future of Education and AI's Collaborative Potential

24:24 Reimagining the Role of Teachers in an AI-Enhanced World

29:43 Rethinking Education Systems for the Future

34:56 Personalized Learning and AI's Role

40:50 AI's Role in Education: Enhancing Teacher and Student Experiences

43:05 The Future of Education: Trends and AI Integration

44:37 Revolutionizing Assessments and Personalized Learning with AI

54:25 Addressing the Creative Industry's Concerns About AI

01:01:42 Parenting in the Age of AI: Opportunities and Challenges

01:15:34 The Future of Education Credentials and Access

01:20:26 Concluding Thoughts on AI's Impact on Education

Links and Resources:

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  • Khan Academy - A nonprofit educational organization offering free courses on a wide array of subjects: https://www.khanacademy.org
  • OpenAI and ChatGPT - Creators of the Generative Pre-trained Transformer AI models: https://openai.com
  • Tyler Perry - Filmmaker discussing the impact of AI on his industry decisions: https://tylerperry.com
  • Duke TIP (Talent Identification Program) - An example of advanced learning programs for youth: https://tip.duke.edu

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Jocko Podcast

Key Takeaways

  • You must account for your emotional state at the time in which you make a decision
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Founders ✓ Claim

Key Takeaways

  • Check out theepisode page

Read the full notes @ podcastnotes.org

What I learned from reading Driven From Within by Michael Jordan and Mark Vancil.

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Relationships run the world: Build relationships at Founders events

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Get access to the World’s Most Valuable Notebook for Founders

You can read, reread, and search all my notes and highlights from every book I've ever read for the podcast.

You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you.

A few questions I've asked SAGE recently:

What are the most important leadership lessons from history's greatest entrepreneurs?

Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas)

How did Edwin Land find new employees to hire? Any unusual sources to find talent?

What are some strategies that Cornelius Vanderbilt used against his competitors?

Get access to Founders Notes here.

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Episode Outline:

Players who practice hard when no one is paying attention play well when everyone is watching.

It's hard, but it's fair. I live by those words.

To this day, I don't enjoy working. I enjoy playing, and figuring out how to connect playing with business. To me, that's my niche. People talk about my work ethic as a player, but they don't understand. What appeared to be hard work to others was simply playing for me.

You have to be uncompromised in your level of commitment to whatever you are doing, or it can disappear as fast as it appeared.

Look around, just about any person or entity achieving at a high level has the same focus. The morning after Tiger Woods rallied to beat Phil Mickelson at the Ford Championship in 2005, he was in the gym by 6:30 to work out. No lights. No cameras. No glitz or glamour. Uncompromised.

I knew going against the grain was just part of the process.

The mind will play tricks on you. The mind was telling you that you couldn't go any further. The mind was telling you how much it hurt. The mind was telling you these things to keep you from reaching your goal. But you have to see past that, turn it all off if you are going to get where you want to be.

I would wake up in the morning thinking: How am I going to attack today?

I’m not so dominant that I can’t listen to creative ideas coming from other people. Successful people listen. Those who don’t listen, don’t survive long.

In all honesty, I don't know what's ahead. If you ask me what I'm going to do in five years, I can't tell you. This moment? Now that's a different story. I know what I'm doing moment to moment, but I have no idea what's ahead. I'm so connected to this moment that I don't make assumptions about what might come next, because I don't want to lose touch with the present. Once you make assumptions about something that might happen, or might not happen, you start limiting the potential outcomes.

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Get access to the World’s Most Valuable Notebook for Founders

You can read, reread, and search all my notes and highlights from every book I've ever read for the podcast.

You can also ask SAGE any question and SAGE will read all my notes, highlights, and every transcript from every episode for you.

A few questions I've asked SAGE recently:

What are the most important leadership lessons from history's greatest entrepreneurs?

Can you give me a summary of Warren Buffett's best ideas? (Substitute any founder covered on the podcast and you'll get a comprehensive and easy to read summary of their ideas)

How did Edwin Land find new employees to hire? Any unusual sources to find talent?

What are some strategies that Cornelius Vanderbilt used against his competitors?

Get access to Founders Notes here.

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I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

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