Podcast Notes Playlist: Latest Episodes

Podcast Notes Key Takeaways

• Jiu jitsu is a way of life to the Gracie family, not a mere hobby or profession
• Royce’s father adapted Gracie jiu jitsu to rely more on leverage and technique rather than strength because he was smaller and weaker than his siblings
• The Gracie family believes in leading by example rather than relying on lectures or arbitrary punishments to teach their kids
  • “I can teach you, I can show it to you, but at the end of the day you are the one that has to do it” – Royce Gracie
• “People get raised in a bubble that gets too soft, and they don’t know the outside world or how it works” – Royce Gracie
  • You should cultivate a relationship with struggle; fearing struggle won’t make your problems disappear and will probably make them worse
• The greatest strength in life is the ability to strive everyday through the blood, sweat, and tears
• Emotional management is one of the most critical aspects of success
  • Don’t seek to control what you feel, but manage how you respond to your emotions
• Without character and morals professional success is meaningless
• A warrior is anyone who dares to be different and pushes forward despite their fears
  • Without compassion you can’t be a warrior because you need something to fight for

Read the full notes @ podcastnotes.org

World renowned champion Royce Gracie is not only one of the most influential figures in Jiu Jitsu and MMA but he is also a father, a teacher, a prankster and someone who looks at life clearly. He shares his feelings about so many different dimensions in life - and then Laird Hamilton joins the conversation and the two of them discuss what it takes to approach your craft at the highest level and to incorporate the attributes of a warrior. Enjoy!

 

Produced by Dear Media. 

Podcast Notes Key Takeaways

• Human beings are toolmakers, we create tools to leverage our ability to do more with less. The 4 main examples of leverage:
  • People   
  • Capital  
  • Code
  • Media   
• Be careful of actions that would multiple your life by 0
  • Don’t do any risk that might make your life go to zero
    • E.g: It’s great if you exercise and don’t smoke, but if you drive drunk you could go to jail or die
• Having a forcing function, like some kind of constraint, is beneficial
  • Having a deadline will force you to get the task done in a specific amount of time
  • COVID forced a lot of companies which didn’t think their company would operate well remotely to go fully remote 
• If you’re building a business, focus on the product first and then the marketing
  • If you focus on marketing first and then the product, you could end up with a Fyre Island situation
• “We need more and more weird people” – George MacGill
  • People who are weird think differently and generate unique solutions to problems

Read the full notes @ podcastnotes.org

Long time friend of the show and all round great human George Mack joins me today as we revisit the world of decision making.

Mental Models are tools you can use to improve your ability to effectively make decisions.

Today we are upgrading our minds as we delve into some of mine & George's favourite mental models from Warren Buffett, Nassim Taleb, Naval Ravikant, Winston Churchill, Tobias Lutke and many more.

Sponsor:

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Sign Up to George's Newsletter - https://eepurl.com/g37gVL

Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast

Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom

-

Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me...

Instagram: https://www.instagram.com/chriswillx

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Email: [email protected]

Also: how does age affect happiness?

Dan Pompa is a respected leader in the health and wellness space, educating  practitioners on the origins of inflammation-driven disease, the therapeutic application of the ketogenic diet, fasting, ancestral-based health approaches, cellular healing, and detoxification.

In this interview, Dan and I discuss:

-Ben's "Two Page" fasting book [14:47]

-How to properly prepare for a fast [26:20]

-Biohacks Ben and Dan use to enhance their fasting protocol [53:21]

bengreenfieldfitness.com/fastwithdan

On today's 5-Minute Friday, Lewis revisits one of his most impactful interviews with health expert Dr. Steven Gundry, who has carefully studied what we put into our bodies. Believe it or not, some of the foods we consider healthy might actually be incredibly damaging.

For more School of Greatness, visit lewishowes.com/960. And text Lewis at 614-350-3960

Also: why do we treat pets better than people?

Podcast Notes Intro

• There are 3 types of audiences:
  • Superfan: They pay retail price for a product and will look for your product
  • Casual fan: They only have one of the criteria listed above
  • Non-fans: Have zero of the traits listed above
• The 4 Myths of Bundling:
  • 1) Bundling is bad for consumers and providers
    • Truth: By bundling, you produce value in 2 ways: providers get access to casual fans and consumers get access to products they may become a fan of
  • 2) Revenue from bundles should be allocated based on usage
    • Truth: When dividing up revenue, you have to look at the Marginal Churn Contribution or how many customers would leave the bundle if a single service was removed
  • 3) Bundles will always feel like a rip-off to consumers since they represent a lack of choice
    • Truth: Because there is a lack of transparency about the price of each component in a bundle, people sometimes feel they’re being rip-offed when they’re actually getting a good deal
  • 4) The best bundles are narrow and have very similar products so they make sense to consumers
    • Truth: The best bundles maximize casual fan overlap and minimize superfan overlap 
• When you have a bundle, there are two main ways of increasing revenue:
  • Getting more subscribers
  • Raising the subscription price
• As an investor, don’t look for subscription companies that try to leverage their price, look for companies that maintain price but find ways to add more users
  •  “When you start seeing a subscription service increase prices, people look at it as a willingness to pay indicator, I look at it as a, I saturated my ability to continue growing my base and I now have to monetize my existing base more” – Shishir Mehrotra

Read the full notes @ podcastnotes.org

My guest today is Shishir Mehrotra and the topic of our conversation is the bundle: offering access to multiple products, services, or providers for a single bundled price. This topic is full of incorrect pre-conceived notions, and as it turns out, the bundle is one of the most powerful ideas in business. Properly harnessed it is good for everyone involved. Shishir explains the ins and outs of bundles in this conversation.

Shishir ran product at YouTube for years and sits on the Spotify board of directors. He founded and now leads Coda (which is “A Doc” spelled backwards) in 2014, to bundle together productivity apps like docs, spreadsheets, databases, and applications. I love this wonky, detailed conversation which has me thinking differently about many businesses and business strategy. Please enjoy.

 

This episode is brought to by Koyfin.

 

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

(2:08) – (First question) – The arc of his career

(3:32) – Why he has an interest in bundling

(7:45) – The concepts of superfan, casualfan, and nonfan businesses

(11:05) – Using Spotify as an example of bundles

(13:24) – The first myth of bundling: Bundling is bad for consumers

(17:53) – The second myth of bundling: 1st vs 3rd party providers and the bundlers

(23:03) – Low usage but high Marginal Churn Contribution (MCC) business

(24:26) – How insurance fits into these models  

(26:37) – Myth 3 of bundling: How this impacts consumers

(32:12) – How marginal costs play into the thinking of bundling

(34:54) – Myth 4: Bundling things that have nothing to do with each other

(39:51) – How bundling companies can apply this into their product development

(43:21) – Strategic advice to companies building bundles

(49:01) – How price and pricing power play into advantages for certain bundlers

(54:16) – How does bundling play into his investing thesis

(56:47) – Most interesting bundles he’s observed

            (58:44) – Eigenquestions: The Art of Framing Problems

(59:14) – What the future of this trend is

(1:02:24) – What is an eigenquestion

(1:06:29) – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on Twitter at @patrick_oshag

#436: Books I've Loved — Maria Popova and Tyler Cowen  | Brought to you by Audible.

Welcome to another episode of The Tim Ferriss Show, where it is my job to sit down with world-class performers of all different types—from startup founders and investors to chess champions to Olympic athletes. This episode, however, is an experiment and part of a shorter series I’m doing called “Books I’ve Loved.” I’ve invited some amazing past guests, close friends, and new faces to share their favorite books—the books that have influenced them, changed them, and transformed them for the better. I hope you pick up one or two new mentors—in the form of books—from this new series and apply the lessons in your own life.

Maria Popova (@brainpicker) is a reader and a writer who writes about what she reads on Brain Pickings, which is included in the Library of Congress permanent web archive of culturally valuable materials. She is the author of Figuring, the editor of A Velocity of Being: Letters to a Young Reader, and the creator and host of The Universe in Verse, an annual charitable celebration of science through poetry at the interdisciplinary cultural center Pioneer Works in Brooklyn.

Tyler Cowen (@tylercowen) has a personal moonshot: to teach economics to more people than anyone else in the history of the world—and he might just succeed. In addition to his regular teaching at George Mason University, Tyler has blogged every day at Marginal Revolution for almost 17 years, helping to make it one of the most widely read economics blogs in the world. Tyler cocreated Marginal Revolution University, a free online economics education platform that’s reached millions. He is also a bestselling author of more than a dozen books, a regular Bloomberg columnist, and host of the popular Conversations with Tyler podcast.

“Books I’ve Loved” on The Tim Ferriss Show is brought to you by Audible! I have used Audible for many years now. I love it. Audible has the largest selection of audiobooks on the planet. I listen when I’m taking walks, I listen while I’m cooking… I listen whenever I can. Audible is offering Tim Ferriss Show listeners a free audiobook with a 30-day trial membership. Just go to Audible.com/tim and browse the unmatched selection of audio programs. Then, download your free title and start listening! It’s that easy. Simply go to Audible.com/tim or text TIM to 500500 to get started today.

***

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests.

For show notes and past guests, please visit tim.blog/podcast.

Sign up for Tim’s email newsletter (“5-Bullet Friday”) at tim.blog/friday.

For transcripts of episodes, go to tim.blog/transcripts.

Interested in sponsoring the podcast? Please fill out the form at tim.blog/sponsor.

Discover Tim’s books: tim.blog/books.

Follow Tim:

Twitter: twitter.com/tferriss 

Instagram: instagram.com/timferriss

Facebook: facebook.com/timferriss 

YouTube: youtube.com/timferriss

Zach Bush MD is a renowned, multi-disciplinary physician of internal medicine, endocrinology, hospice care and internationally recognized educator on the microbiome as it relates to human health, soil health, food systems, and a regenerative future. www.zachbushmd.com

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Podcast Notes Key Takeaways

• Just because someone is busier than you doesn’t mean they’re more important  
  • Being busy isn’t an achievement 
• Ask yourself: “What is my mission? What is the thing I came here to do?” – Greg McKeown
  • Once you’ve identified your mission and your important tasks, you can focus on them without having FOMO
    • “Instead of the fear of missing out or FOMO, you start to have the joy of missing out or JOMO”
• “When you’re sleep deprived, the executive function of your brain goes down so you can’t discern properly between what’s important and what’s not important” – Greg McKeown
  • Top performers tend to sleep 8.4 hours per night
• You don’t become successful and then become disciplined, you become disciplined and then you become successful
• Every day you should be writing out your to-do list and then prioritizing it
  • Create a new list every day, what was important yesterday isn’t always important today
• Two questions you need to ask yourself: 
  • Who am I?
  • Why am I here?
    • If you never ask yourself those questions, the stuff on your to-do list could be completely wrong

Read the full notes @ podcastnotes.org

Greg McKeown is a public speaker, leadership & business strategist and New York Times Bestselling Author.

Do you feel busy but not productive? Like you're overworked but under-utilised? Do you struggle with information overload?

Success breeds options & opportunities, which often undermines the things that lead to success in the first place.

Today Greg teaches us the art of Essentialism; how not to fall into the undisciplined pursuit of more, how to avoid the trivial many and instead focus our attention onto the vital few. This podcast could change your life, don't miss it.

Sponsor:

Get Surfshark VPN at https://surfshark.deals/MODERNWISDOM (Enter promo code MODERNWISDOM for 85% off and 3 Months Free)

Extra Stuff:

Buy Essentialism - https://amzn.to/3bSd8jy

Check out Greg's Website - https://gregmckeown.com/

Subscribe to Greg's Podcast - https://link.chtbl.com/zXR5Fdfq 

Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast

Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom

-

Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me...

Instagram: https://www.instagram.com/chriswillx

Twitter: https://www.twitter.com/chriswillx

YouTube: https://www.youtube.com/ModernWisdomPodcast

Email: [email protected]