one of the super skills of the future or even of the present is just going to be figuring out how to ignore the vast majority of things that are created but I don't see many people who kind of come up with that degree of focus and I think mostly the answer is simple and hard and
0:16
people won't complex and easy thinking is hard you have to become become a cognitive Miser in my opinion especially with this onslaught of the new thing of the day maybe each person who creates content on the internet should be limited to like 10 posts like I don't believe that someone has more than like
0:35
10 things to say we always are looking for these people that we call kaleidoscopic aliens you often find them coupled to these highly irrational obsessions and it looks like they've somehow picked you know the right thing that was very insightful but it's actually just a result of the cosmic
0:52
pendulum swinging and they haven't moved at all and they've been irrationally obsessed with this thing for six or seven or eight years and then Magic happens well hello everyone it's Jim o shamas with another infinite Loops I have a very special guest today and I
1:13
told him I wouldn't do this and I'm going to lead with it my guest Mark Daniel the managing partner of digital XYZ which is a multi-stage metaverse Investment Company looking at accelerating Computing gaming crypto AI immersive learning also a 20133 the fellow which we'll talk about but he
1:34
told me something as we were chatting before recording and that was he thinks podcast could potentially be dangerous which I could hardly wait to hear why um Mark welcome I ambushed you there I I started with the thing I promised I would thank you thank you for having me
1:56
um well you know I I think that like and this is some I guess relevant to my story as well what I've always been most passionate about is how culture and Technology coevolve right culture being the set of stories that we live in um cult technology you know kind of
2:13
influences those stories and creates new ones more than anything else and when you think about that kind of Helix that loop I think that's the most powerful force in human history um I think there's probably a kind of analysis paralysis that affects a lot of people and I think that you know this probably
2:31
started with you know Tim Ferris maybe 10 15 years ago now who I think produced so much great value for people but then it went too far where people can't you know have a morning now because they're too worried about their morning routine um I think in a more on a more kind of serious note
2:52
um if you think about having voices in your head you have literally now invited voices into your head um if you think about kind of some of these uh kind of biblical ideas and if you think about kind of this idea of luciferian intellect um that the devil is beautiful not ugly and the way he
3:15
might work inside of you is in ways that make you feel quite good um mean then you think about the idea that for two or three hours a day for the first time in human history you are listening to people telling you essentially how to live your life and how to spend your
3:30
very scarce time and you could spend years and years of your life just listening to people telling you how to live maybe that's not the best thing and this is literally the first time in history because of headphones you know this is literally in the last 10 15 years where two three four hours a day
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of just passive time you're ingesting ideology around how to live your life um and I don't think that's necessarily good for people there is so much of that which I actually agree with says the guy who hosts the podcast with more than 250 episodes um I I think that the I I
4:10
am very very bearish on what we used to call listicles uh prescriptions this is how you must conduct yourself if you wish to be you know fill in the blank right to be if you want to make money you've got to do these 10 things number seven will shock you like the more I would see those things about
4:33
seven years they got really popular around 2017 2018 I just literally would break out in hives whenever and in fact I did a thread on Twitter saying for [ __ ] sake don't listen to me don't you know because one of the things that I see there is you can have even two honest minded parties okay let's let's
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STI at that the person making that list honestly actually thinks that he or she is helping people by doing so okay so no other agenda they they actually do believe that also the person reading that list same thing their agenda is I I wanna I want to level up I wanna I want
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to do better you know I I understand my weaknesses I understand my strengths that's a big assumption um but I I really want to do it even then I think you're right about the idea that ideas live rentree in a lot of heads and the classic interpretation like schizophrenia for example I have a
5:48
theory that schizophrenia is potentially filter failure and it's just that the brains of people who suffer from schizophrenia don't have the filters that the rest of us have right like I remember I when I was doing kind of a deep dive on Neuroscience it was like
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the number of data points or visual auditory whatever type of stimuli that hit us like every second is massive and our brains filter it out to just the stuff that we think is very very important without that filter you squander your attention to your point right and and so I guess my my question
6:33
to follow would be I have an I have an answer for your complaint uh I I read transcripts of podcasts that I'm interested in very different way of coming into your uh perception uh how about you do do you think that I'm just doing a half measure there or elaborate I think that um
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I think there's a few ideas here I think that and to be clear I'm very Pro ingestion of new information but I think that maybe each person who creates content on the on the internet should be limited to like 10 posts like I don't believe that someone has more than like
7:21
10 things to say right like you can't make 600 videos on working out but that's what our uh kind of the business model the internet pushes you to do do there's not 30 different bicep workouts that you need to record right there's probably like one right um so I think like finding the very best thing and
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ingesting that one thing very carefully is incredibly productive anything that's derivative of that um I don't think it's productive um my personal kind of information diet consists of reading things that are Timeless like very very very old and then things that are very
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very very very new um and things are usually written from a um position that's not particularly commercial right so I'm much more interested in Reading like an actual research paper and then trying to look through the you know 70 pages of citations and infer what I think about that versus the kind of blog
8:16
post on the research paper does that make sense it does and I think that um you know one one of the things that uh it's it's difficult for me because I'm you know like anything I'm I'm not deterministic I'm much more probabilistic in the way I think about things right and this idea that it's a
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yes no black white you know zer1 100 I think most things live in the middle right and the idea that I'm very very bullish on is the nature of what I call the human Colossus which is first off the internet um and then our ability to connect with uh others no matter where
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they are like we have a thing we call the great reshuffle at OSB where we say all the old models are collapsing um and just people have habituated their go-to playbooks and and right now we're at the part of the Great reshuffle where they're just really beginning to notice these playbooks
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aren't working anymore and in fact not only are they not working they they now almost appear like a joke like I always make fun of the world economic forum and klouse who who I often say reminds me of even a campier version of Dr Evil and and like literally he he doesn't know that so
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they're using these tonee campaigns on the internet that they're spending a [ __ ] ton of money on and really they don't understand that all they're doing is feeding the meme makers and and everything else so I definitely think though that on the one hand the benefit
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of someone who is a true creative right and when I was a kid in you know the 80s or I wasn't a kid it's it was between age 20 and 30 but like if you were a great writer or you had a great idea or you had any of that there was just no way for you to literally get that out there to a even even even a small
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audience frankly um because if unless you were an academic and you had the Avenue of writing a paper or a study or or whatever you had to go through a series of Gatekeepers that were basically in my view there to reinforce the existing narrative and not like highlight uh the things that were brand
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new it's one of the reasons why I love Robert Anon Wilson so much was I learned so much about that counterculture in when I was in single digits as a kid uh that literally figured out or tried to figure out ways to get those ideas out there but you know it's like MOG graphs
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and if you weren't in San Francisco for the summer of love in 1967 man you didn't know anything about it so is it is it a question mark that you think that we've just let the pendulum go too far or are you more can you are you more precise in your analysis of this I might
11:28
be of the super skills of the future or even of the present is just going to be figuring out how to ignore the vast majority of things that are created so I think for um people who are I think there's probably two things of modernity that are remarkably unique one is that you have access to all the world's
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information in your pocket two is that you can kind of walk up to any major airport in the world and be anywhere else in the world in 24 hours and neither one of those features would you know any King who's lived through human history have been able to conceive now if those things are not um
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kind of placed on top of the correct kind of value system they actually become corrosive not productive right um because wander lust whether it's in love or location or in Focus ends up being usually quite corrosive but if you understand how to ignore the vast
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majority of things obviously the kind of uh L Nature of you know the internet is very very advantageous um but I don't see many people who kind of come up with that degree of focus um and I think that on the life advice Stu on the career advice Stu on anything that's you know
12:45
advice driven I think mostly the answer is simple and hard and people want complex and easy and podcasts are great for complex and easy but the answers are usually simple and hard and you just have to kind of do the work um so I don't know kind of where will land um but I think for the people who kind of
13:03
have the right set of values this is going to be a golden age the next 20 or 30 years of them being able to create and then I think there's going to be this really big stratification where you see more and more people who are continuously lost and kind of induce themselves into this almost you know
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mildly schizophrenic um lifestyle yeah and uh just let's let's drill down on that because I agree and the ability to ignore I love that training because that's right in my opinion I I I think that the ability to ignore almost everything honestly it's like uh I'm I I
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I'm a big fan of Twitter because I honestly think that it could kind of grow into a global intelligence Network and it's had its ups and downs and I was a big fan of that when Jack ran it I didn't get all hysterical neon bought it and but one of the things that I do
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notice there is those sput up time Cycles uh you know if you if you an Orwell fan the two-minute hate right like who who's it today um as as my friend Alex Dano loves to point out who's it on Twitter and you just don't want to be it ever um but but you see these things have been sped up the
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flywheel happen so fast and and and then it's kind of like oh no no no we're doing the new new new new new thing today and and that and that just destroys all of your intellectual uh uh calories right like thinking is hard and you you have to be C A cognitive Miser in my opinion
14:49
especially with this onslaught of everything you know the the new thing of the day most of it's worthless but I I want you to keep going with your some of the answers are simple and straightforward give me a couple examples of what you mean like marriage health building a business building a
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great portfolio all of those things are quite simple and quite hard right whenever I find myself trying to over complicate something it's usually because I know what the answer is I don't want to accept what the answer is because it's going to require me to sweat right there it's always the guy who's
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out of shape who's asking about push-up variations in the gym right it's always the guy who can't do one push-up he's like but do I put my hands here and then do I do like a jumping pushup or do I do underhand it's like no just like keep going until you can't anymore right and
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I think that that tends to be correct in every um every kind of stream of your life that's worth developing like you just have to do the simple hard thing 90% of the days each year and then do it for like 10 years and then look up and see where you're at um and that tends to
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work out pretty well that's really honestly the only thing that I've seen work out well that's not luck driven we could not be more aligned on that advice like I I I I I love the doub Jing I've been reading it all my adult life finally began to understand it when I was in my mid-50s I'm not terribly quick
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but you just made a great point like there the the completion porn um the completion porn is really uh challenging also right so it's like I think it's much better to watch the 10 greatest films 10 times than to watch a 100 films once you know um and again like that's just not the way that our culture is set
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up today yeah and I wonder honestly whether our culture ever was set up that way right like I'm sure you're familiar with some the uh speculation about why we developed language and I came across an academic paper that I thought was really funny but they were serious and
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it was we developed language to gossip yeah because you know we were living in hun gatherer tribes and you know you want to fit in before you can stand out and if you can't say [ __ ] Grog over there is a is a liab he's not pulling his share of the work here you would have a physical
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altercation that you could express that with and that language allowed us to kind of go just take the temperature of the room right with all of our other trib mates hey what do you think about Grog over there right so so I definitely think it's kind of built into our human
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OS um to enjoy diversions so to speak um absolutely yeah but but spiritual Divergence would have been quite rare um um and the it's very recent the explosion of choice that we have is very recent and the explosion of media is even more recent right like you didn't have a thousand if you were born 100
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years ago and you were fortunate enough to be literate which globally would have been rare you wouldn't have had a thousand books that you could have read you sure as hell would not have had Instagram and Tik Tok and television right um so your choices were much more
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constrainted indeed they were uh but I was going to uh demonstrate that uh you or illustrate with a different story your point I can always tell whenever I put anything up online right about the D I have a universal rule anyone who comes back to me and says which translation should I read a is not going
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to ever read it seriously and B if they do read it they're not going to understand it yeah it's funny so so I I think that has been a message of mine uh from our earlier conversations and why I wanted to have you on was for like I have a different context than you right
19:14
I I was born in 1960 you're much younger but my context sort sort of saw that shift right yeah from from where you really wanted to get deep domain knowledge and we were chatting before we began the recording about how this world kind of unfairly treats people like me well and by that I mean I have deep domain
19:40
knowledge on Asset Management specifically quantitative algorithmic uh Investment Management right the rest of my domain knowledge varies but you usually just enough to be dangerous right and and so if you're fcil and you can sort of talk about anything this type of environment favors
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you and if you're not it doesn't until it does though because that's what I want to ask you next like what you know uh your company a digital XYZ essentially you're looking for Diamonds in the Rough right and I'm sure that a few of those I'm going to ask for your
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definition of how you find that and what you call a diamond in the row but I'm sure that one of the things is they're doing something that the vast majority of people would nether take the time nor the effort to to really become expert at am I am I in the right ballark yeah yeah absolutely I think
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that um I think with the best Founders that we meet we always are looking for these people um you know that we call kaleidoscopic aliens they've had some bizarre set of Life Experiences I've kind of shown them the fourth dimension and they also can kind of thrive in the
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most adverse and ambiguous environment which is outer space right and when you find these people you often find them you know coupled to these highly irrational obsessions at a pre-commercial um point in time and then the cosmic pendulum is always swinging and it looks like they've somehow picked
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you know the right thing that was very um you know very insightful and very premeditated but it's actually just a result of the cosmic pendulum swinging and they haven't moved at all right and they've been irrationally obsessed with this thing for six or seven or eight years and then magic
21:40
happens and we're always looking for that we're always looking for those types of earned insights and um the thing that you said about kind of these cultural relevancy Cycles being so compressed is incredibly astute because um I think when you look at really young Founders they're often now getting kind
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of robbed of their calligraphy years right so when you think about could jobs have done Apple without the calligraphy years if from 16 you feel like you need to be X Y or z um you know you might not have the time to kind of putter around or feel like you have the time to putter
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around and explore your passions as much as maybe um someone would have before there was kind of the startup culture or founder culture that became kind of uh in Vogue you know um so this is something we think about a lot yeah the literally the ideas that I ultimately put into practice with my
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company's uh capital and usan asset management literally were uh generated because I had the luxury and privilege of sitting alone in a room for basically three years reading everything I could because I loved the stock market because it seemed to me to be this Ultimate Puzzle
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and kind of the Olympics of business and because I did have all of these different interests that's perfect for the stock market right but then as I was look looking at it I'm like okay so most of what people are saying it's just pure horseshit how can I get to First principles and like how to approach it
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but that took me more than three years alone in a room reading physical things that I had to go to a library to get and and I and I wonder and this is actually making me think about it for the first time in this connection I just wonder is that even possible with young people today
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because I was in my early 20s when I did that I think it's possible it's just um challenging but because of the um the flattening of the world where everyone is discoverable you know can we find 12 people a year where that is the case absolutely and I think the best
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young Founders today are better than ever before because they started being incredibly commercial and creative at a very young age and they had these kind of weird um they had these weird kind of when you think about like from my generation and before me I was born in 94
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you would have a lemonade stand you gr when I was eight or nine years old I was selling Palm pilots in my you know little neighborhood in Tennessee like these stupid things right you have kids today where they're building whole world at 12 on Roblox and it goes from being pre-commercial let me build a cool
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Universe for my friends to making millions of dollars by the time they're 16 I mean we've invested in someone who's building essentially the lvmh of Roblox and he just started as an incredible ugc you know user generated content creator on Roblox and Minecraft when he was 13 14 is already making
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millions of dollars you know clearly we're in the wrong business um but for the best kids I mean they're better than ever but for how many people are able to break out of these algorithms very few yeah that is something that I have pondered a lot um you know our very own
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CTO here shy Adventures is still not legal to drink and he he started uh when he was I think single digits taking apart phones making them better finding the Spy wear and you know I said I would say to am Misha like why'd you do that he goes I just was so curious and that's
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speaks to your obsession he was obsessed with trying to figure this out and and so I I definitely agree Obsession like I was obsessed um in terms of trying to find the answer Misha was was certainly obsessed but I think you're absolutely right today both men and women are starting a
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lot younger and yeah do do you use that as kind of like a filter when you're trying to find these Kaleidoscope aliens well I think you know like when we were setting up our business one of the things that we really spent a long time studying is just the history of iconic companies and I think when you um
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look at the history of iconic companies maybe the most important takeaway is that they're overwhelmingly idiosyncratic and if that's the case whenever you get into really tight playbooks as of venture capis you're in trouble because there's going to be there's a very quick and easy
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counterfactual that if you actually know the history of iconic businesses that you could pull right so I think that like it's amazing when we find someone who's able to contribute at that level from a very young age but there's just as many examples of people who've done
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something completely different you know they were complete failures at age 30 who then start an iconic business and what we've seen is that even in these career paths they tend to be extraordinarily nonlinear right in wealth creation they tend to be extraordinarily nonlinear um and there's
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a lot of these kind of yard sticks that end up not really mattering how successful you're are at 20 30 40 50 it doesn't really matter um and you know if you even take Buffett you know most most of his financial success was created at an age where many of his kind of contemporaries would have you know
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closed shop or retired you know so we don't really worry about how old someone is we love it when we meet young people I think the thing that is amazing about young people is that they're squarely on plan a of their life and the optimism of someone who's on plan a is infectious is
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something that always chasing um you know but that optimism and that energy and that freedom to just focus on one thing is remarkable but I would say that's probably the only thing that um you know we look at uniquely with young people and then I think just they have
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this openness around what's possible right so there's a lot of you know calcifications that we have intellectually that we have to fight just because we're a little bit older where you know 15 year old doesn't even see the lines that we see right they're much more fluid in the way that their
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their mind can kind of dance so I think that's the other kind of benefit of talking to lend people yeah and one of the things that we're doing uh my company is you know what ER patterns are right yeah yeah so that genius 20- year-old who's our CTO I've asked to build out AI agents that go searching
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for her patterns um and uh I love your idea by the way uh we're doing something very similar where where we're doing we're taking every iconic company from the past um and we're going all the way back um even including the south sea Trading Company that Isaac Newton lost a
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fortune then it was iconic it was so iconic that can you even imagine what I often see the people slaying crypto or whatever online and just imagine the the how incredible the Furies to get in to the south sea Trading Company would have been absolutely but like literally they do
29:35
it's like it's like the um notion of the heroes Journey right Campbell's classic story you know when I first read about it I and I read him by the way in for all of our listeners and and viewers watch his watch his uh video in here's one I'm going to contradict myself um but thank you Walt Whitman do I
29:56
contradict myself of course of course I do I contain multitudes um Bill read his books they're pretty boring and dry as dust uh watches interviews with Bill Moyers um on PBS because he's really good uh in those but when I was reading the first book I'm like wait a minute so
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there is AO there's an underlying pattern to these stories that we all love and then the minute you start seeing it right your reticular activating system gets activated and you just start seeing Heroes J everywhere but it's it is a fact like if you look at the stories that are the most popular
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that the and and I know stories are very important to you because they create the culture in which we live uh they're kind of the operating system of culture yeah what you do find are underlying patterns ER patterns primitive patterns that if you can unlock those and you're in that
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business right you're in the film producing business which we are if you're in the book producing business which we are uh they can be very very valuable do do do you do you concur with that or am I just a crazy old guy here no absolutely I mean I think there's only a handful you know maybe a dozen
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stories that exists in all of human interaction in all of human life and I think that um there very few people today who lack uh training of the head and there's many who lack training of the heart and sometimes the only way to kind of understand those half dozen to dozen
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stories is to actually have life you know in your life and uh I always tell you know young people that I meet in Silicon Valley do not delay life no matter what you do do not delay life because a lot of the things that you learn in life are going to help you build your vision and manifest your
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vision um so I completely agree with you studying those dozen stories understanding them int intimately also you know earning that wisdom anytime you haven't earned the wisdom that you kind of espouse you have to be you know a little bit weary of where is it coming
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from and how well do you actually know it um all of those things I think are really important in business yeah I agree and and that goes back to your earlier point about things being simple but not easy like you're absolutely bang on about most things right like you you want to you want to have a
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great life pretty simple stuff right get enough sleep eat the right types of foods exercise I mean nobody everybody wants a hack and yeah there there is the easiest hack in the world just anyone do three of five things and you know what your life's going to turn out pretty
32:52
well and yet nobody is interested in that at all and like successful invest thing super easy super easy and yet super hard to get anyone to do it that way right it's like the new new thing yet again right and and I like this theme because I haven't thought about it enough and so you've giv me a really
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cool thing to really contemplate for a long time like on the one hand you there there there is a huge Universe of knowledge around a lot of things investing how to live a successful life how to have a successful marriage you know like these things that are basically basic to us as humans and
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yet and yet like all of that gets ignored all of that is like oh if it was that easy everybody would do it no [ __ ] way actually the opposite like oh why would I ever do that like that's too simple and yeah what what are your thought I mean how how do you solve for
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that I mean I think there's this I don't know if it was Bezos or Bill Gates there was this in but is stuck with me one of them was having a conversation with Warren Buffett and they're like Warren your strategy is so simple like why doesn't it get competed away why doesn't
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everyone do this and Warren says because no one wants to get rich slowly and when I look at the first kind of decade of my career all of my most successful contemporaries um follow the exact same path where the long way was the short way now that 10 years have fast like they just have kept doing the same thing
34:36
I think for me with what we're building with digital you know um the means are the ends and I think if you can find whatever in your life where you will feel like the means are the ends um you're very happy to get rich slowly because you just want to keep doing the same thing um and then the timelines
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don't really um matter so that's how I kind of manage it my own life I just have a life that's full of things that I would keep doing forever and I think if you can kind of get to that point um you have kind of won the great game um and if you don't get to that point where
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you're spinning your life doing the things that you authentically love no matter what other points of validation you have you've lost the great game because that's the whole kind of point if you can get um post just survival which has been most of history is just
35:26
trying to survive you know um so that's how I kind of manage in my own lives and as do I and and I wonder like um I'm interested you have LPS right yeah so I don't have any LPS our Venture arm is uh no LPS I'm the only LP yeah and one of the things that I noticed was it really did give us a
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fairly large advantage in that like we we've made a bunch of Investments that I would have never made if I had to triy to justify them to an LP how do you deal with that tension with your LPS I think for us it's actually been really productive because it creates when you're risking your own money you know
36:14
there's maybe a certain amount of um you know uh leniency that you have um in the way that you follow your Frameworks or strategies um when you are risking someone else's money and you really are connected to I think there's this kind of very nonchalant attitude that a lot
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of asset managers have and investors have of like oh well like you know these people give us cash and whatever and if the returns are great great if they aren't who cares it'll be 10 years from now we take we we do not believe in that at all I think that um as people who've
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had to make our own money when someone goes and trusts us with their Capital we take that extremely extremely seriously if you are working with you know a foundation or an endowment or and you really connect to well where's this money coming from we take that really seriously so um I think about you know
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every single investment we make having to go and walk someone through exactly why we're taking their very scarce resource that they've trusted us with and we're putting it into this opportunity and I love having that accountability I think it longterm will make me you know a much more rigorous um
37:27
and much more disciplined um Steward of capital so I haven't bristled at that yet but of course there's times where we see something that's crazy where like the you know just kind of creative fund side of me would love to be able to invest in it as not to say that I
37:44
wouldn't personally invest in it um but you know Investments that we're doing out of our firm look look a kind of specific way and it's a way that you know our LPS are aligned and having us invest and we respect that yeah um I I was inartful in the way I asked the question because what I actually
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meant was the reverse um with with many many LPs under that rubric of what's going on now what's the hot thing now how do you deal with their their uh impatience if you will or are you lucky enough to have been able to select LPS that do not demonstrate any of those
38:24
kind of hyperbolic discounting things mostly the latter I think we've been really thoughtful um you know I was able to start start our business with a great mentor um and one of the things that he kind of shared with me when we were getting set up is just like the same way
38:40
that you're really thoughtful about the founders you partner with you need to be just as thoughtful about the LPS that you partner with and we really try to exclusively have LPS who are aligned with our vision and our values and can be really scalable and durable durable relationships as our firm and our
38:55
business grows over the next few decades and they can have some type of kind of um strategic value also right they can really contribute to the conversation that's happening um within our community and I think with those types of people they're very aligned to well what are we
39:11
building together over literally the next 50 years I want this to be my last job I'm 30 hopefully I can do it decently well and I'm 80 um so it's never about this one investment or this one fund even it's about you know what's the trajectory of the firm for 40 or 50 years I think that's where the
39:28
conversation tends to um kind of sit sit at with many of our LPS of course you know every three years every four years there's some craze technically that people get really excited about and usually that excitement is warranted but what we've seen going through this just a few times you know in my career is
39:47
that if you could kind of hold back for maybe the first two years after it's on the cover of the New York Times you'll be able to make much better Investments because a lot of the first things the most obvious ideas would have been tried maybe you would miss one or two iconic
40:02
companies that were Front Runners um but there's many things where you're like okay you I mean crypto is a great example of this you think about all the things that were tried in 20 and 21 and then stable coins which no one was that excited about or very few people were
40:15
excited about stable coins ended up being the really durable use case that has really wrecked over you know the ne the last two years right um I think AI will see something similar and that will continue so we love to follow and I think this is where the discipline comes in how can you tenaciously follow a
40:32
technical boom but that doesn't mean your Capital should follow it and being able to kind of SE separate the intellectual exercise of staying current technologically from the um exercise of actually allocating Capital against a trend are two very different things amen is all I can say I totally
40:52
agree with you and uh you know I it one of the patterns that I have seen emerge is there is a very specific cycle to new things coming on the scene and humans reacting to them so much so that I say you know markets change millisecond by millisecond human behavior barely budges
41:17
Millennia by Millennia your last sustainable Edge is arbitraging human nature right and then just to pick an example out of the at the turn of the 20th century there were hundreds of car companies in America hundreds obviously we know that went down to I mean I mean how many do we
41:39
actually have in the United States right now right but it shrank rapidly uh as all of the kind of the Cambrian like explosion of new things I mentioned the south sea Trading Company like it's really fun to go back and look in the look in the newspapers of the era because all of the
42:01
permutations that people were raising money on it was all just [ __ ] right like for for a immensely profitable Enterprise which has not yet been discovered people are pouring money into it and what what's interesting is not the grift on top it's the way people respond to it right like when the
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culture is a wash in um Mania for you know fill in the blank right it and it's changed dramatically throughout the years railroads same Mania that we have going on right now for AI same thing everything same and and they're like no railroads were completely no exactly the same they
42:48
they you know tons of railroad companies most of them failed most of them [ __ ] everything up and then the few that did had a brief period of time where they did really really super well and then kind of got replaced what are you seeing now that you're like okay I think the
43:08
the Mania is subsiding you mentioned crypto already anything else that that's on your radar is like okay it's seeming to settle down a little bit but here here's where we really think there's going to be legs well I think that we try to we focus on can we discover the most gifted
43:30
people in the world um can we credibly assess if what they're doing is going to be successful can we convince them to work with us and then can we support them if we have convinced them to work with us we find that that alone takes 25 hours a day right we're always behind on that
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job if we then had a lot of time to think about what the world needs outside of that we would likely just try to start the company ourselves which we've done before and we'll do in the future um but we try to really avoid thinking thematically um there's this great chart that shows you the last 20 years of
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venture capital what V BCS think is going to be the hottest company not once has turned into the most iconic company started that year not once so we look at that chart every day literally and it's a reminder on why themes are so dangerous now that's not to say that we
44:29
don't have ideas that's not to say that we don't have hunches of what might be more likely to succeed than other things um but we really spend most of our time trying to assess is does the founder who's going to have infinitely more context than we have is the founder approaching this in the right way I will
44:46
say personally what I'm really excited about is just how all these new technologies are going to combine right so there's a lot of I think kind of combinatorial possibility that will happen in the next 5 or 10 years that we couldn't imagine and that's going to create new technologies that's going to
45:03
create new product experiences that's going to even create new business models that we might not be familiar with so I'm really excited to be open-minded about that yeah and again uh we are so sympatico that's the way we look at the world um the combinatorial uh potential is the
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greatest I've ever seen in my lifetime and not only my lifetime man I mean like when you go back and you look at the history I mean it's overused and so I try to to to use it less but we literally are living at one of the coolest times in human history in my opinion because of the
45:44
combination potential for for example AI combined with virtual reality is going to do you you know the quarterback for the Washington football team what do they call them out the commanders I yeah yeah I I I can't remember the new name but I was interested where I saw he he does his training he's a
46:08
rookie he he does all of his training in VR with the help of AI as well and I'm like yes like here we go this is very cool because this is showing in a medium that most people understand that's another thing that I've had to conclude like I'm not a sports guy at all either
46:30
am I yeah like to me it's sports ball and I even developed an internal algorithm for how to deal with drivers when I was on the road a lot because the only thing they ever wanted to talk about was sports right and so I'm like okay so I'm gonna develop a way to do this I just found out Tom Brady
46:53
retired so I'm way behind well you're not behind me because my question would be who's Tom Brady right exactly but you do got to give in if you really want to communicate clearly with something that has a lot of Mind share with a lot of people and this is like that algorithm that I develop for
47:15
talking with drivers right taxi drivers Eber drivers Etc and it's like I would get in the car and they would say how you doing where you from and then yeah I'm from New York oh what do you think of the Yankees and like I have yeah I don't I don't think I don't think about
47:33
the Yankees I don't know anything about the Yankees but that that was met with sell and silence or in some cases hostility so what I would do then is just say well you know it really depends on what team shows up on the field and then the guy would go oh man you are so
47:53
right and then it's a simple algorithm just feedback whatever he says to him right right so rule for Life yeah it really is right uh I I forever for like 25 years would not read How to Win Friends and Influence People by Dale Carnegie because it was such a [ __ ] cheesy title that I was just like I am
48:15
not gonna read that I'm just not gonna read that and then I finally read it because so many people told me you really got because she says a lot of things there yeah exctly couldna sa me a ton of time but anyway so feedback to them what they say just in a slightly
48:32
different format and I'm not kidding you I had one driver get out and take a selfie with me because and I said why why you want to do that and Marky said to me I want to show people that I finally met somebody who truly understands Sports amazing that's amazing that's amazing it's so true is s
48:58
true yeah because it's like when people come and a I get asked for my advice a lot I you not know why because it's probably horrible advice but the the fact that one of the things that I've noticed is that when people many people not all people obviously but when many people ask me for advice what they're
49:17
really asking me for is agreeing with them yes right they don't they don't want advice they want permission exactly very very different things right yeah and I don't know why I have suspicions but I don't know why but I am extreme I'm like if you try to categorize me socially or
49:39
politically or anything like that I'm very hard to do because like I have certain positions that people would call me a communist for I have other positions that people would say well you you you're an anarco I actually got called an anarco capitalist by somebody
49:56
once I don't even know what that is but it sounds [Laughter] good half Narco capus whatever floats your boat right but the but the idea is very straightforward that most of the time I like I was saying the the one thing that I do have that I'm maybe even kind of obsessed and pathological about is just
50:25
I am extremely anti-authoritarian and even if the authority is right like if an authorit I hate authoritarians of any side of the political Spectrum I I just hate those types of people yeah and so to the point where I did stupid things like yeah when my first child was coming along we
50:51
talked about before we started recording like I had finally convinced myself through looking into the literature and looking at the data and everything this is 1985 so this is a different world yeah nobody wore seat belts back then yeah right yeah and so going into the
51:06
birth of my son in 1985 I finally convinced myself through the data that yes it really does make a difference for me to wear a seat belt yeah I was still living in Minnesota at the time and then [ __ ] Minnesota passed a mandatory seat belt want to do it oh it wasn't
51:27
that I just didn't want to do it I didn't do it I stopped wearing my seat belt for like nine months until my wife just looking at me and she goes you are [ __ ] insane you were the one who convinced me that I should do it right and so look I I recognize that it's probably cost me more in life that that
51:49
it has help me but I just hate being told what to do and maybe that's why maybe that's like some secondary and tertiary benefits that I haven't even thought about like maybe that's why I hate those lists maybe that's why I hate the the 10 things you've got to do for
52:08
your morning routine number seven will shock you I hate that [ __ ] let's do the opposite yeah like wake up have a cup of coffee take a shower you're like I'm not doing any of that drinking bourbon sitting in the back right and you know sometimes like literally I I did that for uh when when
52:31
you still had to go to a physical store and buy CDs uh of music I love music right the only I'm not a huge country fan um I'm open to it it's not that I just uni universally and blanketly say it's bad it's just I haven't found my vibe there yet but the way I got that way I think was I used to go to Tower
52:52
Records and literally buy 50 CDs at random yeah at random just so that I could discover like music and and now I think that that instinct that that maximization of the an objective function has gone Haywire like there are way too many things now so now I'm focusing on the idea that if you are an
53:23
incredible curator with good taste the world world is your oyster go in the next 10 to 20 years do you agree absolutely I mean this is like you know there's there's times where the ocean's created in which case you need water bottles then when you when you have a bunch of water bottles you need a new
53:41
ocean right um this is definitely the era of water bottles and curation um and I agree with you like but I you know I I I there's a lot of curators out there I think that even within the curated set you might you run into the same thing I'm really curious to ask you
54:00
about your anti-authoritarian thing like How Deeply do you hold that belief do you is there any belief that you have that you'd be willing to die for or is there any belief that you have where you'd be willing to have some type of real bodily harm belief I I I yeah no I I actually
54:20
have to think about that I would instantly die for my children my grandchildren like if if there was yeah no I know I I I understand uh when you ask the question that's why I said belief yeah um I always joke that I subscribe to the George S patent um idea that let's let the other poor dumb
54:44
bastards die on their Hills yeah and and we're not gonna do that um so God you know I I I think I would die for the belief that if you're going to try to make me live my life on my knees okay I would rather be a free man than living as his life okay that one I'd probably die for
55:15
yeah and I'd probably die like if and it's so easy to play these Mind Games right because you never know until that scary [ __ ] actually happens to you and I've had enough scary [ __ ] in real world happen to me that I can make this somewhat credibly but yeah a huge pinch of salt that and I think I would go if
55:40
if if it was a trolley problem right and and I had to die so that everyone else didn't have to live enslaved yeah I I think I died for that yeah that's the only one that I can actually think that Springs to mind what about you I don't know I don't know I mean I
56:02
think it's a it's it's a really it's an interesting um question because when you think about the kind of most people answer some along these similar lines which is like no there's nothing I would die for yet they they in a way give up their life and their energy on very silly beliefs all day long
56:26
so imagine you spend imagine you're in you're in an era of um imagine you're in an era of very impassioned um positions on Hills that no one would actually die on what a waste of life that is and life's very short so see that a lot that's on the Mind literally this week because we're
56:54
recording this you know the day after the inauguration and I have plenty of friends who are Overjoyed I have plenty of friends who are devastated and I feel like for the last 10 years I've been very neutral you know um for the most part so anyways that's a few a few thoughts but I don't think I don't think
57:15
there's I don't know if there's anything that I would voluntarily commit you know zuku over right now at this point in my life my kids of course that's like a different very different question like a pure system you know I'm not I don't think I'm at that point in my life on anything
57:35
where I'd be willing to throw myself off the bridge for it and I think the reason that I'm that way too is that I think probably most of my deepest H beliefs are wrong and by that I mean all of us I'm not just saying Jim I'm saying saying that if you and I could jump into a time
58:00
machine and go back and we had already been able to identify let's say the 50 most enlightened smartest most knowledgeable wise humans in the world from 500 years ago yeah and we went back to them we interrogated them on their absolute beliefs um you know only a Madman is 100% sure and and I think that most of the
58:28
things those people 500 years ago the smartest most switched on humans on the planet most of what they believed was absolutely wrong and so I'm a huge David de fan as I think you know and one of the ways that he really I I I call it getting deuts killed what was he makes the very
58:51
subtle and yet really profound argument that the problem with static societies is they think they know everything already they think that that they have the answer right so if you're going to use a metaphor they're Sparta they're not Athens right they they are this is the
59:14
way you raise a warrior this is the way you raise a woman Etc and we do not deviate you are punished for deviation exiled or you're killed and so for the most part that isn't true at all like Deutch has this very clever way of getting it across he's like hey what what were the most
59:38
brilliant physicists uh saying about quantum physics and um the internet in 1900 the year 1900 and he's like they weren't saying anything about it because neither one of them existed and and so I I am always steep very deeply in the idea that even as advanced as we are
1:00:02
we probably don't know half a 1% about nothing and that life is this continual generation builds upon generation and yes there is cultural evolution in my opinion cumulative cultural Evolution that is definitely a thing right but you got you got to leave room for error correction and how shitty would
1:00:31
you feel saying yes I I will be the one who hangs for this and just as the the Rope drops you see a thing on you know whatever a screen that is like that idea was completely relevant yeah I mean I think so what what I think you're saying is like the because you do have this or why
1:00:56
would ask you is how do you hold these both these things simultaneously like you do have this belief that on your deepest hell beliefs Millennia to Millennia people don't change life doesn't change um but the those are the very macro things in life the micro things you have
1:01:12
a very high degree of kind of intellectual dexterity and a very high degree of acceptance that you're going to be disproven at some point and I think I I probably mirror that I think that the things are really going to make a difference on my deathbed have not changed over the course of human history
1:01:30
and I spend most of my time trying to get those things right um and then the things that are the micro one of my mentors gave me something I think about all the time which is to not get in the thick of thin things um you have a high degree of dexterity on seems like a good
1:01:48
model yeah it's worked so well so far I'm I'm I'm like I am always quite willing to I I I I'm passionate about unlearning things absolutely me too because what happens is if you don't learn how to unlearn you're just what's the biggest thing you've unlearned in the last year
1:02:14
the biggest thing that I have unlearned in the last year is that wow you should you should have a podcast it's a shame you're so close to maybe we can maybe we can do a co-host day on sometime we should we should because that's a [ __ ] great question um and I don't want to be glib
1:02:42
and just like say an easy thing so let's come back to that what is what that I'll give you mine if you want I would love it there's my one tweet of the year which which was vices that look like virtues are more dangerous than vices that look like vices oh I love that it has really
1:03:05
helped me a lot because I had all these vices that actually looked like virtues but they weren't helping me and I was like well my VI that look like vices were actually less corrosive than my vices that look like virtues because no one no because no one corrects the vices that look like virtues they support them
1:03:22
of course oh I love that because listening to podcast is a great example of this yes so so I'll be Howard Beal uh for those who don't know who that is that's the news anchor in a movie from I think 1970 or early 70s where he loses his mind but actually what happens is he becomes
1:03:46
safe and and he's like I'm that as hell and I'm not gonna take it anymore turn off the TV turn off it it's rooting you it's rooting your mind and of course he's entirely correct but then the way markets work which I which is it just works on so many different levels like of course they're all a gast and
1:04:08
horrified when they see this oh the poor man you got to get him help and all this but then B dunway who plays the kind of the new model Network executive she's like did you notice the ratings for that show yeah it's funny funny have you seen that work no I haven't highly recommend
1:04:30
it if you can if you if you can avoid you know it's obviously Antiquated and dated because of when it was made but oh my God it's like it's so Nails this you know the everyone is horrified by what he's doing then they're like but wait a minute that's getting really R really great ratings
1:04:51
and then of course it just builds from there he becomes the biggest star are on TV and they add all of these things that are just pure [ __ ] and it just gets more and more popular it's I won't spoil the ending it's awesome it is awesome you know the other thing that I think
1:05:10
like all like self-help people advice people podcast poost whatever creators should have to do I think there should be some type of like life audit that they have that's on their profile so you can see how well their life has gone right so and by the way this is nothing new there's so many philosophers
1:05:34
who lived a horrifically bad Bleak life and like if you could just like see if you could see the man behind the name you be like oh why would I ever take advice from you you know I mean like you you live in a barn with goats right like you know and I think the same thing's
1:05:51
true today to totally true except I would push back on that and I would push back because sometimes I always try to divorce the person from the idea yeah because some I I used to have this idea I I always joke about how I have a tweet prevention team to make sure that I I I
1:06:14
can't get cancelled because like one idea that I had was I was gonna take really really great quotes from horrible horrible people I love that and it started out with one I had from Goring uh z z l to the to the Reich of uh a Edo and like he said I can't even remember
1:06:39
the quote now but it was like a really sensible quote Yeah like kind of like you know get a good night's sleep and yeah that'd be a great coffee T we should make it a coffee table book and then we should also make it a children's book advice from Monsters good advice from Bad monsters I
1:07:06
love it yeah so that's actually I'm gonna write that down we maybe do that we should doish we have a publishing company now so I you're the guy good advice from Monsters I love it but that I mean that title right there really illustrates my point like the the it's really easy again we fall
1:07:28
into these super easy reactionary modes right like argument ad hominum oldest book oldest trick in the book right you know you you you you hate well you mentioned the election yesterday like Trump personifies this right like lots of reasons very easy to hate that guy yeah so rather than look
1:07:57
at like what he saying or doing or enacting or anything it just that's how you get these derangement syndromes right and Elon has one jobs interestingly enough this is interesting now that I'm I'm just thinking about this some of the most impactful people in history have the this syndrome right
1:08:19
like jobs they said he had a reality Distortion field I don't know if that's true maybe it's just that you found like what he was saying so either to you right but not to him right I mean look there's a lot here there's a lot here as a whole separate conversation like the like I think that
1:08:41
the the the war between good and evil is above all of us and you don't know how fragile that line is for you and for a lot of these monsters first of all have to admit that they are highly productive people like not they they knew how to get stuff done right like look at BMW
1:09:09
like they're they're very efficient you know um but um where does that where where does the kind of exit how different does the exit look on the highway of evil and good and at what point does that happen and how sucess are you yourself to it and you might be more suscepti than you think you know
1:09:31
I've definitely found this like I think that we're all hanging on by a threat and um you know it's it's important to have empathy for people who clearly there's people who are remarkable agents of evil right um but there's a lot of people where the the ball broke the wrong way and they got they fell
1:09:55
and um I think that's a a far greater number than you know the obvious kind of Warlords of History I think that that is a incredibly good thesis that should be explored because as I was listening to you I was thinking about uh my you would ask me like what what did I onlearn last
1:10:17
year and I have that running in the back of my head as I'm listening um and one thing that wasn't that I learned it but as when I was younger I was a real prozer like you know my way of algorithmic investing using factors right when I was writing early books about that the only other people writing
1:10:39
about that were academics right and like it was brand new and I was like I was almost like a southern preacher like this is the only way to Salvation and then you know Heaven has lots of doors I think and As I Grew Older one of the things that I really did understand
1:11:04
better was the fragility of all humans not just you and me and you've gotta you've got to understand that it it uh is true about you as well right and if you take those like big five tests I score super low on empathy I I am actually genetically predisposed to low empathy as am I as am I and and
1:11:32
but when I saw it I was like offended and so right we had taken these tests to see how the Team Dynamics and all that mostly [ __ ] to be honest I like second I think second B I was too no why don't we like each other some like I know exactly anyway I got offended
1:11:51
because there was a woman facilitating all these tests right and I called her and I went like what the [ __ ] man why do people come to me with all of their problems if I score so low on empathy and she laughed and she goes Jim the absolute best psychologists and psychiatrists score super low on empathy
1:12:12
then I thought about it for a minute I'm like of course they do because all we we don't take it onto our own feeling self no right that' be terrible imagine like iatrist thinking like I completely understand why you did that you could yeah terrible you'd be done I mean
1:12:32
because like literally you could not withstand that I don't think right yeah I'm I'm gonna use this the next time the next time someone throws my lack of empathy at me I'm gonna pull this out yeah you got to because I I the minute she said that to me I'm like oh I fin that's why you love
1:12:51
me exactly because like I that makes just so much sense to me and and the other thing that I do believe back to simple things right um oh and this might be something that I've really unlearn yeah I used to think that to be a really super good investor you had to not only be internally
1:13:17
dispassionate you had to express dispassion publicly as well right and I think I'm on learning that yeah because I think if you really want to ignite the imagination of others you you can't do it like from a dispassionate well you might really want to consider that AI is
1:13:41
the most human friendly technology of today and and I have all these studies for why that is the case super lame yeah super lame there's also you know there's the there's the great saying that there's a lot of right pessimist and Rich Optimus in the Venture Capital business is certainly true imagine being a
1:14:01
pessimistic Venture capitus which I know a lot of yeah ex exactly well life be miserable yeah I mean like that's also like we we we reoriented everything we do on the Venture side because I found like the traditional side I just was [ __ ] born like yeah and not
1:14:25
interested at all and so I start looking at like what really got me excited and and I looked at all the Investments it did whether they worked or Not Right But but what I found was what I loved was the pre pre prece yeah like with people saying are you out of your [ __ ] mind giving
1:14:47
money to to that person that's where all the fun is in my opinion yeah when we think about making an investment there's there's this visceral feeling that is more powerful than all of our strategies and Frameworks which is that if I wasn't building our firm would I go and beg the
1:15:04
founder for a job I love that hundreds of questions that are baked into that question and I have never had a counterfactual on that so if if the answer is no I would not beg them for a job the company the Investments never worked if the answer is yes there's all these things that could be problematic
1:15:23
the Market's too small you know their co-founders leaving whatever the [ __ ] it is but if I would go and beg them on my hands and knees for a job they've always done well I love that as a forcing function because you know what it it's transferable yes I have found so for
1:15:42
example I'm writing a I've had an idea for a fiction book since 1992 and it would be way too long to tell you the story so we'll do that next time yeah but but one of the things that I started noticing is I would tell people about the idea and only this one because you
1:16:01
know me I'm I I Yap and I I will Yap to anyone about anything that I'm fascinated in and one of the things that I noticed is this this story that I'm actually gonna write this year by the way it's a it's a be Tre Thriller to be honest but one thing distinguished it from every
1:16:24
everything else everyone I told about this idea I've told some very famous movie directors about this idea and each of them said if you write that as a screenplay I will sign the option today amazing right and then my friends who are writers when I tell them about it and tell I'm going to be experimenting
1:16:46
with a writer room they are biting tooth and nail to get into that writer's room yeah so wow what a great like maybe maybe we'll just we'll say this will be the world's shortest podcast and we'll just put this little segment because C is like I'm kidding we're no no nice nice try Mark we're put
1:17:10
the there's a lot yeah there's a lot lot that's that's literally in every in every uh in every creative genre forel has something about this where like if you know you play someone your record and they pick up their phone right you don't have a hit record it's very extremely visceral yeah and you you
1:17:31
don't and the point is though back to podcast and here's a challenge like to me at least none of this was planed right I mean I I do my homework and I have basic information I talk to you in the past and I know you and everything but what the conversation that we ended up having was not planned
1:17:56
in any way y I think there's a ton of alpha in it honestly I'm gonna use several I mean like what we just covered yeah so that's a podcast you actually do want to listen to right it is yeah it is I mean I'll listen to this oneck I I I like I like your I like your
1:18:22
podcast I love Patrick's podcast cast that one's very professional for me um which is great I think he has probably the best just you know pound per pound learn from the world's great investors podcasts probably today there so there's a handful that I love but those are very
1:18:39
like they're very work oriented at this point you know I mean like I need to stay current with with ideas but like the the the you know how to how to do a shoulder PRS I'm I'm pass that well you know there's a movie My Dinner with Andre and that's what I based this podcast format on have you
1:18:59
ever seen it no it's an old movie it was made in 1981 so I was 21 when I saw it I just discovered it's the full movie is available all one of my favorite directors no no no this is Wallace sha it's right but the direct so you want to hear story sure okay so Louis Maul we okay so we started this community
1:19:27
called Cafe Saturn like eight years ago and the basic idea was that the future would be genre list and that people were very creatively isolated and they should meet people from other genres so they could create things in combination I totally agree with that by the way so
1:19:44
the reason it's called Cafe Saturn is we want to take you know Cafe floor in the 60s in Paris and transport to the year 3000 and the story that ins ated this was Lou Maul was an incredible French director he's 24 years old he shot this film called elevator to the Gallows
1:20:03
which is one of my favorite films ever and he directed this this might Dinner with Andre movie and you know he's in this Cafe in Paris and you know all the celebrities are there and himiway is in one table and you know Bri Baro is another table and Miles Davis is there and Miles Davis Miles is like the
1:20:25
coolest person to ever live and especially at that point in his life walks up and he's like miles miles miles like Miles Davis is not someone you walk up to like you have to watch my film you have to score it right so he sees him there three days in R begs him
1:20:41
and then finally miles is like [ __ ] you kid like I'll come and do it like let me let me watch it the greatest video I've ever seen is Miles Davis is watching elevator to the Galls and he has cigarette and his trumpet and he improvises and plays it live and it becomes the greatest film soundtrack I
1:21:03
think in the history of Cinema and El is an amazing amazing amazing amazing film I I mean right I mean this was his first movie how cool I've never heard of that movie I'm watching it hopefully later to day I love miles stavis so but but yeah so so this podcast Was Meant To Be My Dinner with Andre it was
1:21:31
meant to be you're just eavesdropping on a really interesting conversation yeah and to me that was the that was what I was trying to get done here and and like again this is maybe my anti athor I really hate being categorized and like like stay in your lane and like [ __ ] you I'm gonna change
1:21:56
lanes I'm I'm gonna drive this way over all the [ __ ] you're Lan I am and so like the the idea of of this was very much personified in that movie where it's just like this wild conversation as a matter of fact before recording this I was asking uh our AI uh to take me through all of the uh the
1:22:26
most interesting philosophical points in lby and then I then it came time to chat with you this is far far more interesting so uh but but yeah that kind of podcast that you can't categorize right you mentioned my son Patrick you know what's funny is the other thing
1:22:44
that it illustrates is Patrick did that just for shits and giggles yeah he was working for me at osam at the time he came into my office was like hey would you mind if I like tried to do a podcast and I'm like why why would you ever do a podcast he's like just because I think it would
1:23:03
be interesting and I think like I could learn things where and this was at the beginning of crypto right and so that that's what made him right his first series called ashow yeah where where where he was talking to all these guys who are super famous now who back then
1:23:19
like nobody knew who they were and so they would they all said to Patrick sure I'll talk to you about Krypto one someone interested in this yeah and so but but he was done purely experimentally and then he's like came in after doing I don't know I can't remember 12 episodes and something and
1:23:38
he's like hey I I'm gonna keep doing this if that's cool with you and I'm like that's absolutely cool with me and then telling me this about your podcast get back to work exactly and so like everyone else comes in like after they hear that yeah you know and they're like oh he's letting
1:23:59
him do it because he's his son and and I'm like so bunch of other people came in and said hey I want an experiment with podcasting too I'm like knock yourself out and like can you take a guess how many actually did podcast how many yeah it's not like people think it's a
1:24:19
very easy thing it's not and to do it consistently is incredibly hard and to as a host to be able to essentially maintain a consistent energy and a consistent tone and a consistent presence week after week month after month year after year it's very hard like people look at Joe Rogan and think
1:24:39
he just sits there and talks to people day what a great job no not at all totally I totally agree with that and my assistant who I call my nanny lit literally she knows what I'm doing better than I do I try to hire pair for myself when I was 23 and they're like how old's your kid I'm like 23 it's
1:24:59
me like s this isn't what you think it is like all right [Laughter] whatever so so my daddy would would always like book me back to back to do to catch up on podcasts and things and finally I'm like Ena do you not understand that this is a performance and that you need time both to prepare
1:25:23
but to also so decompress from it and she's like oh that's [ __ ] I know you can do it you're a gas bag just go on like no you're not you're not respecting the talent she's like who who's the talent she's like you're like me you're the talent right just like Ben Halen well you know that's the other
1:25:51
thing man like if you would have said before he rose to prominence right like Eddie Van Halen man you got to check this guy out most people would come back to you and we're like come on you can't be serious and my nanny I'm getting the hook she she knows that I go on and on so she hooks me she
1:26:13
she hooks me via text this has been awesome I'm gonna have you back on uh you can't escape without the final question oh okay here we go the final question is we're going to make you the emperor of the world you cannot kill anyone you cannot put anyone in a re-education camp that's a odd my
1:26:32
anti-authoritarianism but what you can do is we're going to give you a magical microphone and you could say two things into that microphone and the next morning whenever the morning is for the eight billion people on the planet everyone on the planet's going to wake
1:26:48
up and say you know I just had two of the greatest ideas and i' like all the other times I'm going to actually take action against both of these idea what are you going to incept in the world's population I think I would try to incept and I'll I'll share kind of the story with you um when I was
1:27:12
14 in the back stories I've always loved hotels and in my next life I'll definitely own hotels and operate hotels um but that's a money losing Endeavor so I need to make some more money first um and I when I was 14 I had this realization that life is like you're at this incredible six-star
1:27:35
hotel and the pools are amazing and the towels are perfect and you know the restaurant is fantastic not only is it fantastic but your childhood favorite snack just happens to be on the menu and your best friend is there and everything else and you get back from breakfast and
1:27:52
it's like 10:30 a.m. and you get a phone call and they're like Jim do you have a car picking you up at noon like what do you mean like do you have a car picking up at new you know when you're checking out you're like I just got you I think that's what life is and I would encourage people
1:28:10
to take advantage of their full stay at the hotel and really ring the towel out and understand that they're living in the greatest era of human history by a very very very very wide margin and to not kind of get trapped in these three-sided prisons prisons with three walls that
1:28:31
they trap themselves into and to just enjoy it um and savor it because it's very brief and that's the only thing that I would um hope more people would feel or see if I was the emperor is just to wake up to the beauty of what they have um and you know hopefully they would do that that's it I love that um
1:28:56
you know I I it's really hard to come up with an escape plan if you don't know you're in a prison yeah and so many people are in mental prisons of their own construction yeah and so I I love that bet of advice um we should all live our life that way because you're right
1:29:14
the phone call for your car coming com it momento Mor momento Mor the snacks of the Mini mini bar do it all I love it I love it this has been absolutely a delight for me I'm G to definitely have you back on um because this is kind of the essence of what I'm going for with this podcast