Exponential Wisdom

In this episode, Peter tells story of creating Zero Gravity corporation after 11 long years and his struggles with the FAA. 
 Dan talks about knowing when to end the idea using his excitement and disappointment levels as measuring sticks. 
 Peter and Dan agree that you need to test your idea against the marketplace early and Dan explains why he only talks to “check-writers” when determining the validity of an idea.

In this episode, Peter talks about the education system in the world being fundamentally broken and his belief that exponential technology will completely transform how we learn in the next decade. He gives an example where education is AI driven and able to curate an experience in AR, where digital avatars have conversations with you to create the most impactful experience you’d never have from reading a book. Dan and Peter agree the old system was not a system of inspiration or creativity, instead it was a system of doing what you’re told. The new system will be customized education, where AI is helping people learn in the best ways for them. Peter talks about the gamification of learning and gives an example of an unemployed workforce, playing games all day and learning. And once they master a certain level, an employer can offer then a job or a higher paying position.

In this episode, Peter talks about interviewing a recent employee who decided to get an MBA at Stanford Business school and his takeaways in a recent blog. As an employer who has hired hundreds of candidates, Dan shares tips as we head towards a world where you can know anything you want, anytime you want. Peter and Dan discuss why the rapid rate of technological change, a booming job market, and the digitization of education are chipping away at the traditional graduate-level business program, as we’re seeing with the decline of graduate school admissions.

In this episode, Dan explains his dislike of team management meetings and why he developed a new tool called the 4x4. This thinking process helps you clarify and then communicate your expectations to team members. 
 Peter talks about the importance of ensuring his team loves what they are doing and feels fulfilled, while still providing the support needed to meet company objectives. 
 Dan shares a successful example of hiring a recent employee with a 4x4, and discusses how your organization can use this upfront communication tool for better results.

In this episode, Peter believes insurance will start to disappear for most people as tech companies begin covering costs (i.e. autonomous car companies like Waymo offering free insurance to their riders). Dan talks about how AI will disrupt the middleman. He outlines a future scenario in which most individuals will purchase life insurance from a robot online, because the process will be that instant, easy and accurate.

Peter and Dan discuss how insurance companies should flip the business model from retrospectively protecting from risk to proactively protecting you from risk. This would force insurance companies to keep customers alive longer to retain their business.

In this episode, Peter and Dan discuss the idea that there are a lot of great people in the world, but most of them aren’t looking for you. So, you have to show them your ethos, what you stand for, and the type of world you want to create. Peter says the term “work” has a bad connotation and should be redefined as something you want to go contribute  to or be a hero to somebody. As Dan says “properly structured, working is one the great sources of meaning and pleasure in a lifetime.”

Dan discusses hiring people in their “unique ability” as he teaches at Strategic Coach, an entrepreneur should only being doing activity that they can uniquely do. When hiring at Coach, who we’re looking for is someone who wants to focus on their unique ability and wants to be on a team.

In this episode, Dan gives his biggest takeaways from the book (StrategicCoach.com/go/156) starting with a special tool he calls the “lifetime extender” and an idea to eliminate retirement. Peter talks about the notion of purpose being fundamental to longevity, and why human are purpose driven animals. Dan and Peter describe mindset as a skill being like a muscle, and like going to the gym, requires work. Reinventing who you are in the present when new technology comes online is critical for a happy long life.

In this episode, Peter describes the transformation of the retail experience. In the past, you might think of something you need, look it up in the Yellow Pages and then go to the store to see if it was in stock. In the future, you might instead have a frictionless conversation with your AI, which is always listening and knows your preferences. 
 Dan and Peter talk about the fact that every company will eventually go bankrupt. If you’re not constantly trying to fundamentally reinvent your company now, how can you make a massive change?
 Peter gives the example of ExP Worldwide, a company that went from the 2008 real estate crisis to reinventing as a fully virtual company with zero offices and a virtual campus for staff to meet online.

In this episode, Peter talks about when there is no privacy, it’s hard to do wrong-doing. When everyone is watching, you think about the consequences of your actions. Dan believes blockchain will come into existence because of public demand. In the future if companies are making money on someone’s personal information, then they will get a small percentage of that profit. Peter discusses a time in the future when an AI software shell is watching everything all the time, we will give it permission to watch us and collect every data on us because it will make our lives amazing.

In this episode, Peter describes technologies changing the real estate game, including aerial ridesharing and transportation-as-a-service, VR office headquarters, and 3D-printing personalized houses in days.

Dan mentions that humans will always crave a sense of “home,” a place where you want to relax, and how virtual houses won’t be able to replicate this feeling. 
 Peter described the process of buying a new house and why “Smart Houses” connected to the IoT, imbuing the house with intelligence and making it responsive, will change the way we interact.