Brene Brown Archives - The Blog of Author Tim Ferriss

Brené Brown and Edward O. Thorp (#739)

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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 #409 “Brené Brown — Striving versus Self-Acceptance, Saving Marriages, and More” and episode #596 “Edward O. Thorp, A Man for All Markets — Beating Blackjack and Roulette, Beating the Stock Market, Spotting Bernie Madoff Early, and Knowing When Enough Is Enough.”

Please enjoy!

Bios of guests may be found at tim.blog/combo.

Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, YouTube Music, Amazon Music, Audible, or on your favorite podcast platform.

Brought to you by AG1 all-in-one nutritional supplement, LinkedIn Ads marketing platform with 1B+ users, and LMNT electrolyte supplement.

Transcript of the full Brené Brown episode | Transcript of the full Edward O. Thorp episode | Transcripts of all episodes

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What was your favorite quote or lesson from this episode? Please let me know in the comments.

SELECTED LINKS FROM THE EPISODE
SHOW NOTES
  • [06:06] Notes about this supercombo format.
  • [07:09] Enter Brené Brown.
  • [07:30] Changing in a lasting, meaningful way.
  • [08:03] Is self-accepted complacency possible?
  • [10:53] My woo confession about a crux skill.
  • [13:06] Narcissism: the shame-based fear of being ordinary.
  • [14:06] Efficacy isn’t always efficient.
  • [15:48] Pathology as armor that can’t be discarded.
  • [16:28] What are you unwilling to feel?
  • [17:04] Discarding armor that no longer serves us.
  • [21:26] Curiosity as midlife’s superpower.
  • [22:53] There’s trauma for all of us.
  • [23:33] An 80/20 marriage hack.
  • [25:18] Decisions in a family-focused family.
  • [27:04] Parenting from compliance to commitment.
  • [29:31] Enter Edward O. Thorp.
  • [29:54] Edward’s background, and what drew him to apply mathematics to gambling.
  • [37:04] Edward’s first blackjack trip to Vegas, reference materials used, and his meeting with Claude Shannon at MIT.
  • [40:13] Edward and Claude devised a method to beat roulette using the first wearable computer, according to MIT.
  • [42:16] Despite being 89, Edward looks great for his age; he discusses his approach to staying in shape over the years.
  • [50:22] Edward explains how he got into finance and investing, and the people he met along the way.
  • [59:25] Edward shares what convinced him that Warren Buffett would one day be the richest man in the world after their first meeting.
  • [1:03:58] Edward discusses the frameworks he would teach in an investing seminar for modern students, including those without a strong math aptitude.
  • [1:08:52] Edward shares lessons learned from investing that are transferable to other areas of life.
  • [1:11:02] Edward, a long-term thinker at 89, offers advice for those who struggle to think beyond the short-term.
  • [1:15:40] Edward explains how he discovered something suspicious about the Madoff brothers’ business practices 17 years before others caught on.
  • [1:24:17] Exploring mental models of externalities, the tragedy of the commons, and fundamental attribution errors.
  • [1:33:32] Edward recommends reading and listening material for those who want to enact positive change in the world, politically or evolutionarily.
  • [1:38:51] Edward shares which investors, besides Warren Buffett, impress him and why.
  • [1:42:52] Edward discusses how he balanced growing a business with personal life and what led him to wind things down.
  • [1:47:56] Edward defines independence and shares how he spent his time after winding down the investment side of his life.
  • [1:49:30] Edward shares what he’s particularly curious about learning at the moment.
  • [1:51:40] Reflecting on a conversation between Joseph Heller and Kurt Vonnegut, and other parting thoughts.
    • SELECTED LINKS FROM THE EPISODE

    Connect with Brené Brown:

    Website | Unlocking Us Podcast | Twitter | Facebook | Instagram | LinkedIn

    • Atlas of the Heart: Mapping Meaningful Connection and the Language of Human Experience by Brené Brown
    • Dare to Lead: Brave Work. Tough Conversations. Whole Hearts. by Brené Brown
    • The Gifts of Imperfection: Let Go of Who You Think You’re Supposed to Be and Embrace Who You Are by Brené Brown
    • What Self-Awareness Really Is (and How to Cultivate It) | HBR
    • Narcissism and Other Defenses Against Shame | Psychology Today
    • Rush
    • Brené Brown on Vulnerability and Home Run TED Talks | The Tim Ferriss Show #100
    • Radical Acceptance: Embracing Your Life With the Heart of a Buddha by Tara Brach | Amazon
    • Understanding the Significance of Pandora’s Box | ThoughtCo
    • The Midlife Unraveling | Brené Brown
    • Topo Chico Mineral Water | Amazon

      • Connect with Edward O. Thorp:

      Website | Twitter

      • Beat the Dealer: A Winning Strategy for the Game of Twenty-One by Edward O. Thorp | Amazon
      • Beat the Market: A Scientific Stock Market System Edward O. Thorp and Sheen T. Kassouf (PDF) | ResearchGate
      • A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market by Edward O. Thorp | Amazon
      • University of California
      • How to Play Blackjack | Vegas How To
      • Blackjack Basic Strategy Chart by Edward O. Thorp | Chasing the Frog
      • Kelly Criterion | Investopedia
      • A Brief Journey Inside the IBM 704 | Archival History of Computing at MIT
      • National Academy of Sciences
      • A Favorable Strategy for Twenty-One by Edward O. Thorp | ResearchGate
      • American Mathematical Society
      • The Stockpicker’s Burden, and Other Lessons | Barron’s
      • How a Math Professor Led a Revolution in Las Vegas | RTD
      • How to Play Roulette | Vegas How To
      • 10 of the Best Compound Exercises for Muscle and Strength | Openfit
      • Aerobics Program for Total Well-Being: Exercise, Diet, and Emotional Balance by Kenneth H. Cooper | Amazon
      • Yes, Race Walking Is an Olympic Sport. Here’s How It Works. | Vox
      • New Mexico State University
      • Stock Warrants vs. Stock Options | Investopedia
      • Black-Scholes Model | Investopedia
      • Cboe Global Markets
      • How Warren Buffett Made Berkshire Hathaway a Winner | Investopedia
      • Equity | Investopedia
      • Market Efficiency | Investopedia
      • Risk | Investopedia
      • Preventing the Spread of the Coronavirus | Harvard Health
      • The 4% Rule | Investopedia
      • Cryogenics | Wikipedia
      • Meet the People Who Want to Live — And Keep Their Wealth — Forever | Policy Genius
      • Global Management Consulting | McKinsey & Company
      • Collar | Investopedia
      • The Card Sharp Who Cottoned onto Madoff’s Fraud in 1991 | Forbes
      • Madoff Investment Scandal | Wikipedia
      • Bear Stearns | Wikipedia
      • National Association of Securities Dealers (NASD) | Investopedia
      • Why Can’t You Go Faster Than Light? | Fermilab
      • Externality | Investopedia
      • Svante Arrhenius, the Man Who Foresaw Climate Change | OpenMind
      • Tragedy Of The Commons | Investopedia
      • Elon Musk Thinks Every Child Should Learn About These 50 Cognitive Biases | Inc.
      • Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger | Amazon
      • Psychology of Human Misjudgement According to Charlie Munger | LinkedIn
      • Fundamental Attribution Error | Ethics Unwrapped
      • Thinking, Fast and Slow by Daniel Kahneman | Amazon
      • Carbon Tax | Wikipedia
      • Moral Foundations of Politics by Ian Shapiro | Coursera
      • The Wolf at the Door: The Menace of Economic Insecurity and How to Fight It by Michael J. Graetz and Ian Shapiro | Amazon
      • Who Lost Biden’s Agenda? Democrats Offer Competing Theories for Failure of ‘Build Back Better’ | NBC News
      • Poll Finds 96 Percent Support Social Security | AARP
      • The Changing World Order: Why Nations Succeed and Fail by Ray Dalio | Amazon
      • Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy by Francis Fukuyama | Amazon
      • The End of History and the Last Man by Francis Fukuyama | Amazon
      • A Quantitative Investment Management Company | Renaissance Institutional
      • The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman | Amazon
      • Leading Global Market Maker | Citadel Securities
      • Princeton Newport Partners | Wikipedia
      • Do What You Love, The Money Will Follow: Discovering Your Right Livelihood by Marsha Sinetar | Amazon
      • Incerto: Fooled by Randomness, The Black Swan, The Bed of Procrustes, Antifragile, Skin in the Game by Nassim Nicholas Taleb | Amazon
      • Catch-22 by Joseph Heller | Amazon
      • Kurt Vonnegut on the Secret of Happiness: An Homage to Joseph Heller’s Wisdom | The Marginalian
        • PEOPLE MENTIONED
        • Tara Brach
        • Esther Perel
        • Steve Alley
        • Herbert Hoover
        • Claude Shannon
        • John Selfridge
        • Tom Wolfe
        • Kenneth H. Cooper
        • Sheen T. Kassouf
        • Warren Buffett
        • Fischer Black
        • Myron S. Scholes
        • Nassim Nicholas Taleb
        • Robert C. Merton
        • Jim Cramer
        • Peter Madoff
        • Bernie Madoff
        • Albert Einstein
        • Charlie Munger
        • Svante Arrhenius
        • Garrett Hardin
        • Elon Musk
        • Daniel Kahneman
        • Ian Shapiro
        • Joe Biden
        • Ray Dalio
        • Francis Fukuyama
        • Jim Simons
        • Kenneth C. Griffin
        • Frank Meyer
        • Marsha Sinetar
        • Joseph Heller
        • Kurt Vonnegut

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