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    Doomer Optimism, The Economics of Book Publishing, and More

    enJanuary 06, 2022

    Podcast Summary

    • HubSpot: A Single Source of Truth for BusinessesHubSpot's platform eliminates the need for multiple software by organizing and tracking all customer interactions in one place, offering AI-supported features for personalized messaging and lead tracking, making it an effective tool for growing businesses.

      HubSpot's customer platform offers a single source of truth for businesses by organizing and tracking all customer interactions in one place. This eliminates the need to duct tape multiple software together and deal with the resulting complexities. HubSpot's platform also includes AI-supported features that automatically determine the appropriate messaging for specific customers, ensuring a personalized experience. The platform's ease of use and ability to track leads and customer interactions makes it an effective tool for growing businesses. Additionally, the speaker shared his personal experience with using HubSpot for his company and expressed his love for boxing despite concerns about long-term pain.

    • Staying alert and reacting quickly in dangerous situationsBeing aware of surroundings and reacting quickly can prevent harm. Stay calm and alert in potentially dangerous situations, but also know when to act quickly.

      Being aware of your surroundings and having quick reactions can be crucial in potentially dangerous situations. The speaker shared an experience of being in a restaurant during a reported active shooter situation, where they had to react quickly and stay alert. However, he also discussed the importance of being patient and calm in other situations, such as when playing with children or sensing danger from a distance. The speaker's wife was described as having a quick reaction time, while he was more intellectually reactive. The ability to stay calm and alert can help prevent accidents or harm, but it's also important to know when to act quickly. The speaker's personal experiences highlight the importance of being aware of one's environment and being prepared to react appropriately when necessary.

    • Preparing for potential crises vs staying focused on the presentSome people are preparing for potential crises while others remain focused on the present. The pandemic has caused many to reconsider priorities and values.

      The world can be unpredictable, and some people choose to prepare for potential crises while others remain calm and focused on the present. Tucker Max, a former frat boy author, has become a "doom optimist" who believes the world could face significant challenges in the next few years. He's preparing for this possibility by buying a ranch and learning self-sufficiency skills. The pandemic has caused many people to question their assumptions about work, life, and trust in institutions. While some find Tucker's perspective compelling, others remain unsure if they agree with his arguments or are simply charmed by his writing style. Ultimately, the last two years have made many people reconsider their priorities and values.

    • Considering Extreme PerspectivesExploring opposing arguments through steel manning leads to a deeper understanding of complex issues.

      It's important to consider different perspectives, even if they seem extreme or unconvincing at first. The speaker shares an encounter with a person who held controversial views about COVID-19 and related events being part of a psyops mission. While the speaker initially dismissed this idea as paranoid and crazy, he later realized the value of understanding opposing arguments through the practice of steel manning. This means presenting the strongest version of an opposing argument and then evaluating and responding to it. The speaker also shares an example from history, the Rwanda genocide, to illustrate how seemingly unbelievable events can occur. Overall, the discussion emphasizes the importance of open-mindedness and critical thinking in understanding complex issues.

    • Concerns over digital security and the future of warfareStay prepared for the evolving digital landscape and the potential for cybersecurity to become a new battlefield. Embrace innovation and give people space to think.

      The world is becoming increasingly complex, with advancements in technology leading us into new frontiers, including cyber warfare. The speaker expresses concern over the security of our digital information, citing examples of password breaches and the vulnerability of even supposedly secure systems. He also references Elon Musk's discussion on the importance of engineering, particularly in the context of wars escalating into engineering wars, and the potential for artificial intelligence and cybersecurity to become the new battlefields. The speaker emphasizes the importance of preparation and innovation in these areas, as the stakes continue to rise. He also shares an anecdote about the effectiveness of Elon Musk's interviewer, Lex Fridman, who asked Musk a seemingly simple question about going to Mars without interrupting or prompting him, allowing Musk to give a thoughtful and detailed response. The speaker encourages us to learn from this approach, emphasizing the value of giving people space to think and consider their responses.

    • Strategic silence in communicationIn some situations, being silent can be an effective communication tool to make the other person uncomfortable and reveal valuable information.

      Effective communication sometimes involves strategic silence. The CIA agents and great interviewers use this technique to make the other person feel uncomfortable with the silence and compel them to reveal valuable information. This observation was further emphasized by the speaker's personal experience with his father, who was excellent at negotiating but not at building rapport. The father taught him that in negotiations, it's not necessary to build rapport and instead, being awkward or silent can be an advantage. This concept can be applied to various situations, including job interviews and personal relationships, where giving the other person space to respond can lead to deeper insights and understanding.

    • Two types of negotiators: those with leverage and 'madmen'Being unreasonable and insisting on your position can be an effective negotiating strategy, but it may also be seen as manipulative or disruptive.

      There are two types of people in negotiations: those with leverage and those who act like "madmen." The madman, despite not having the leverage, uses stubbornness and unrealistic demands to get their way. They refuse to be practical or cooperative, instead insisting on their position until the other party gives in. This behavior can be compared to an immigrant mentality, where the person is more concerned with getting their way than being well-liked or considering other factors. This person may even go so far as to deny objective reality, such as insisting a heavy bag is light or that they don't need to show ID when required. The key takeaway is that being comfortable in the discomfort of a negotiation and having the confidence to assert your position, even when it may not make sense, can be an effective negotiating strategy. However, it's important to note that this approach can also be seen as manipulative or disruptive, and may not always lead to positive outcomes.

    • Elon Musk's Unwavering Commitment to His GoalsElon Musk believes in giving it his all or dying trying when facing engineering challenges, and refuses to quit despite criticism or financial struggles.

      Elon Musk's determination and refusal to quit are key factors in his success in solving seemingly impossible engineering problems. During an interview, Lex Friedman asked Musk about overcoming obstacles and getting inspiration, to which Musk replied that one should decide if it's worth doing and then give it their all or die trying. Musk also mentioned that quitting is not in his nature. This mindset was evident in his response to critics during Tesla's early days, where he refused to give up despite the company's financial struggles. Musk's attitude towards engineering challenges is to carry on and "fuck it," we'll get it done. While some of Musk's actions and humor may not appeal to everyone, his unwavering commitment to his goals is undeniably inspiring.

    • Understanding the world through physics and critical thinkingPhysics teaches us fundamental rules and critical thinking helps apply them to various aspects of life, including business and policy-making. First principles thinking and considering extreme scenarios can lead to better decisions and potential breakthroughs.

      Physics provides a fundamental understanding of the world and teaches us how to think critically. According to the speaker, physics is the only field that deals with real rules, while everything else is a recommendation. This perspective can be applied to various aspects of life, including business and policy-making. The speaker emphasized the importance of first principles thinking, which involves starting from the bottom and understanding the fundamental truths, rather than relying on analogies or assumptions. He also highlighted the concept of thinking in the limit, which means considering extreme scenarios to understand the true value or cost of something. By applying these principles, one can make better decisions and potentially discover breakthroughs. For instance, in the context of manufacturing, thinking in the limit can help determine the ideal costs as the volume increases. Overall, the speaker's insights encourage us to think deeply and critically about the world around us, rather than relying on superficial assumptions.

    • The importance of internet consent notices for user privacyAuthors earn varying income from book sales, with some relying on additional revenue sources like courses, coaching, and consulting.

      While the internet's pop-up consent notices may seem like a nuisance, they serve an important purpose in protecting user privacy. However, the conversation also touched upon the financial realities of being an author. Mark Manson, the best-selling author of "The Subtle Art of Not Giving a F\*ck," shared a humorous anecdote about his parents not fully understanding his job until he sold more books than Hillary Clinton. Yet, despite selling millions of copies, Manson revealed that his advance was his only significant income from book sales. He made additional revenue from selling courses, coaching, and consulting. This contrasted with Dan Bilzerian, who self-published his book and kept all the profits. These insights offer a fascinating look into the world of publishing and the various ways authors monetize their work.

    • Authors may not make significant profits from book salesAuthors can make money through speaking engagements despite minimal profits from book sales

      While authors like Mark Manson, Dan Blazerian, and David Goggins may go viral and sell large quantities of books, they often don't make significant profits directly from their sales. The economics of publishing are skewed against first-time authors, and even successful authors like Ryan Holiday and Tim Ferriss may not see substantial profits until they have multiple hits. Additionally, self-publishing can change the game, but the costs of production and distribution leave authors with a small profit per book. However, authors can make money through speaking engagements, where they can command high fees. Overall, writing a book may not lead to direct financial gains, but it can open up new opportunities and provide intangible benefits.

    • Preparing for emergencies: Self-sufficiency during unexpected eventsMaintaining essential supplies like food and water ensures self-sufficiency during emergencies, providing peace of mind and security.

      Prepping for emergencies, such as food storage, is not just for end-of-the-world scenarios but also for everyday emergencies and natural disasters. Mormons have a long-standing tradition of preparing for emergencies as part of their religion, but it's not limited to them. Prepping involves having a constant supply of essential items, such as food and water, to ensure self-sufficiency during unexpected events. The cost of prepping is minimal compared to the potential benefits. It's not just about surviving the worst-case scenario but also about being prepared for everyday emergencies. Prepping is a practical and smart approach to life that can provide peace of mind and security.

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    Episode 593:  Sam Parr ( https://twitter.com/theSamParr ) and Jason Fried ( https://x.com/jasonfried ) open up about personal finances, raising kids around wealth and dealing with risk.  — Show Notes: (0:00) Sam and Jason play Would You Rather... (5:15) Loosening the grip on the stick (12:35) The pale blue dot (14:03) Why does the businessworld deserve our best lessons? (18:30) Early days vs. vs. middle days vs later days (24:47) "A founder's job is to inject risk" (29:36) “Cool wears off but useful never does” (31:07) Striking balance with a business partner (34:14) The value of talking about money (37:28) Navigating luxury with kids (40:08) Midwestern values on blast (43:39) The truth about luck (46:55) Staying up vs. staying off (49:45) New insights from old biographies — Links: • [Steal This] Get our proven writing frameworks that have made us millions https://clickhubspot.com/copy • The Most Important Thing - https://tinyurl.com/9ym3xw5b • Peter Lynch books - https://tinyurl.com/2nf87pzb • The Pale Blue Dot - https://www.planetary.org/worlds/pale-blue-dot • The Messy Middle = https://tinyurl.com/2paw5jmk • Sam’s List - http://samslist.co/ • Newspapers.com - http://newpapers.com/ • Pessimists Archive - https://pessimistsarchive.org/ • Grab HubSpot's free AI-Powered Customer Platform and watch your business grow https://clickhubspot.com/fmf — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano
    My First Million
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