DeepSummary
The episode is a two-for-one format, celebrating the podcast's 10th anniversary and 1 billion downloads by featuring segments from previous episodes with Terry Crews and Richard Koch. Terry Crews discusses his art background growing up in Flint, Michigan, a failure that taught him an important lesson, confronting his abusive father, and overcoming imposter syndrome on his first movie set.
Richard Koch shares his story of discovering the 80/20 principle in Oxford's Bodleian Libraries, investing success despite weak numeracy through the "star principle," his $1.5 million investment in Betfair, and the importance of principles over knowledge. He explains the genesis of his book "The 80/20 Principle" and how he applies the principle to his life.
Koch then introduces his new book "Unreasonable Success and How to Achieve It," defining success and outlining the nine landmarks of unreasonably successful people, including self-belief, transforming experiences, finding a personal vehicle, acquiring unique intuition, and distorting reality. He provides examples like Nelson Mandela's intuition during imprisonment.
Key Episodes Takeaways
- Face fears and take risks to achieve success, as exemplified by Terry Crews' mantra and Richard Koch's principle of thriving on setbacks.
- Look for guiding principles over just accumulating knowledge, as Koch advocates with the 80/20 rule and other frameworks.
- Identify your personal vehicle and find ways to drive it relentlessly in pursuit of a breakthrough achievement that changes the world.
- Nurture self-belief, high expectations, transformative experiences, and unique intuition - landmarks Koch identifies as crucial for unreasonable success.
- Be willing to make your own unconventional path and distort reality rather than simply accepting constraints.
- Allocate time and energy purposefully to cultivate achievement and happiness islands in line with the 80/20 principle.
- Learn from failures and setbacks which can provide vital feedback and new perspectives rather than platitudes about resilience.
- Adopt a long-term, adventurous mindset when pursuing unreasonably ambitious goals rather than conforming to others' expectations.
Top Episodes Quotes
- “God will not have his work made manifest by cowards.“ by Terry Crews
- “Knowledge is great, but principles are better. Principles are ideas that enable you to sort the knowledge, help you to analyze it, and get to the essence of the matter as simply and quickly as possible.“ by Richard Koch
- “Nelson Mandela was a leading member of the ANC who got caught and convicted and sent off to total of, I think, 19 years in prison, a life sentence, actually. He was quite lucky to escape the noose, and we were very lucky that he did.“ by Richard Koch
- “In your whole life, what is your breakthrough achievement going to be if you want to change the world?“ by Richard Koch
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Episode Information
The Tim Ferriss Show
Tim Ferriss: Bestselling Author, Human Guinea Pig
7/4/24
This episode is a two-for-one, and that’s because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I’ve curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more excited. The episode features segments from episode #287 "Terry Crews — How to Have, Do, and Be All You Want" and episode #466 "Richard Koch on Mastering the 80/20 Principle, Achieving Unreasonable Success, and the Art of Gambling"
Please enjoy!
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Timestamps:
[04:48] Notes about this supercombo format.
[05:52] Enter Terry Crews.
[06:17] Terry's art background and growing up in Flint, Michigan.
[15:35] A favorite failure.
[22:40] Two ways of confronting an abusive father.
[30:41] Terry reflects on his favorite Ralph Waldo Emerson quote.
[34:20] How Terry coped with imposter syndrome on his first movie set — with Arnold Schwarzenegger.
[39:17] Enter Richard Koch.
[39:40] Richard's non-story story about wines, spirits, and chat shows.
[41:16] Exception to my "no book quotes" policy for Richard.
[42:10] Secrets revealed in Oxford's Bodleian Libraries.
[47:32] Richard's peculiar talent and its discovery.
[50:17] Richard's investing success despite weak numeracy: the star principle.
[59:48] Richard's $1.5 million investment decision.
[1:03:41] Business "segmentation" in The Star Principle.
[1:06:40] Principles governing Richard's portfolio.
[1:09:07] Richard's firing from BCG and meeting Bill Bain.
[1:19:03] The growth share matrix (Boston box) explained.
[1:22:50] What Bain and Company appreciated about Richard.
[1:36:07] Results of early partner-like behavior at Bain.
[1:40:00] Key takeaways from Perspectives on Strategy and other recommended books.
[1:44:06] Richard's preference for principles over knowledge and The 80/20 Principle's origin.
[1:57:58] Richard's happiness and time/energy allocation.
[2:01:16] Comparing journaling styles.
[2:07:24] Adventurers vs. controllers: who has more fun?
[2:10:36] Inspiration for Unreasonable Success and How to Achieve It.
[2:17:50] Richard's definition of success and nine landmarks of unreasonably successful people.
[2:20:56] Landmark one: self-belief.
[2:23:40] Landmark two: Olympian expectations.
[2:24:34] Landmark three: transforming experiences.
[2:32:52] Landmark four: one breakthrough achievement.
[2:35:36] Landmark five: make your own trail.
[2:35:50] Landmark six: find and drive your personal vehicle.
[2:45:24] Landmark seven: thrive on setbacks.
[2:47:54] Landmark eight: acquire unique intuition.
[2:48:15] Landmark nine: distort reality.
[2:48:56] How landmarks reinforce each other.
[2:51:24] Nelson Mandela's unique intuition during imprisonment.
[2:58:31] Richard's annual question instead of new year's resolutions.
[3:01:44] Parting thoughts.
*
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Past guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.
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