« Freakonomics Radio

248. How to Be Tim Ferriss

2016-05-19 | 🔗
Our Self-Improvement Month concludes with a man whose entire life and career are one big pile of self-improvement. Nutrition? Check. Bizarre physical activities? Check. Working less and earning more? Check. Tim Ferriss, creator of the Four-Hour universe, may at first glance look like a charlatan, but it seems more likely that he's a wizard -- and the kind of self-improvement ally we all want on our side.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
This podcast dynamically inserts audio advertisements of varying lengths for each download. As a result, the transcription time indexes may be inaccurate.
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can also become a w and my c sustaining member with a contribution of just five or ten dollars a month. Thanks is always for listening to for economics, radio if you don't try hard, no matter how much time you have this always going to be someone else who has a similar amount of talent who works you and therefore up reforms It's very easy. I think in a digital age, easier than ever to confuse being busy with the productive in there does not seem well what, if I did something with some or passion. What. If I found something to be of deeper interest to me, I thought maybe I should give it a go and see if it was actually possible to improve. Let's start with in sixty seconds or west. We actually do in a given day. If you have such a thing as a given day, I would say interviewing exe tracking down eccentric weirdos, who are really good at one thing or another formulae a plan for some type of experiment involving their observing.
gender findings and then recording- and that is what I do most days. That is TIM Ferris. He is what is he Thirdly, I am a human guinea, pig and professional development for a final self improvement episode. A man whose entire life in career are one big pile of self improvement of accelerated self improvement, as evidenced by his book titles. The for our work week before our chef before our body, Jim Ferris, is in fact such a poster boy for self improvement. you might be, as I first was a bit suspicious. I'd seen your face, and I knew that you were the four hour blank guy and, of course, I assumed that you were Total Charlotte, of course, right cuz. That's. How could you not with the title like that TIM Ferriss, charlatan or self improvement? Wizard you'll be the judge, as we cover everything from
Humble beginnings and very much the run of the litter in school and some rough patches serve had extended periods of depression that I've become better at mitigating over time to his good fortune. In start up, investing Facebook also do very well to the reason of millions of people. Do every single thing the TIM Ferris tells him to do so. The objective is to provide you with tools and was for taxing your hourly output. Is there any when here is an interested in ten axing their hour. The output now I don't think so. from W and Y see studios. This is for economics, radio, the podcast that explores the hidden side of everything. Here's your house, Stephen Abner,
TIM Ferris recently stopped by our studio, with a head full of ideas and, as you'll hear a bellyful of sardines, I suppose my professional life can be split into writing books at all sound, like infomercial products, most notably the four hour week and then tech investing, so if you had a noun or maybe to describe what you think of yourself as what is the noun, noteworthy teacher, I dont you myself as a writer. First and foremost, I always thought I was gonna end up teaching ninth grade specifically because I had a lot of really formative influences I think that fork in the road or a lot of crucial, decisions are made by young books, but I've. U my job as a sting, many many different things performing experiments then providing the cliff notes to be a teacher.
not long ago. You also started a podcast which is called the TIM Fair show. Now what you want to go and do a thing like that, as we all know that podcasting is not where it was intended to be. Break between large but projects, and I have this nasty- have riding along books for our shafts looks are day. Six hundred seventy page, you books are so weird in the best way there not narrative from beginning to end, even when they kind of feel a little bit like those self help books with boxes and charts, you're just Z, me in a way that reminds me I'll, be honest with you of one, person where they went else, which is my mom. My mom was a kind of Brooklyn girl who ended up in upstate Newark, try be a pioneer woman and raise eight kids and she did it. She had a figure out of his stuff and that's what strikes me is what you had this intense curiosity or need, or something to figure out stuff and then tell other people about it,
which, as you know, generous of you, where does that come from? Why? Why are you not satisfied with just being like everybody else? I think the answers to Fulton were won. My mom always encouraged me to march to my own drummer said. That was how to do she exposed. Me and my brother. I over one sibling younger brother, too many many different environments advanced and have much money growing up, but there was that a budget for books and my mom would take us to experience things first hand like go to the beach and take leftover. Chicken deny them the strings and fish for Crabtree threw back, but the the list just went on and on and if we grasp on anything and became really passionate than she would end in my father as well. Put all their support behind them and, secondly, growing I was born premature as very, very small until about Cessna sixth grade small enough to get beat up at recess until six.
Very much the run of the litter in school, and I was hyper If so, my mom is looking for a solution to this and threw me into kid rustling, so kid dressing her way class based and I ended up embracing that is my primary sport and got to NASH level, torture of high school and a big competitive How was that I studied the science of weight, cutting very good at losing weight and then regaining those coming from Say one. Seventy eight hundred seventy pounds, two hundred fifty two parallel, which is how many classes like four or five quite a few yards. So I became an amateur so just in studying the various approaches to wait send understanding what I had to do to maintain performance so using say potassium, sparing, diuretics even hours, but something elbow over the counter like a dandelion route, and so I think, just the two to provide context.
People, that is where I realise the benefits and risks and nuances of experimentation. You grew up in what many people know as the Hamptons, but not in a lifestyle was what must be Do you think of the Hamptons think of the Hamptons lifestyle right, your town, that's right, no white, shorts and tennis or agates. Would you folks do for a living, my dad? there was a real state broker and local rusty broker. Mom was, and still is, physical therapist and would did you have jobs as a teenager and suchlike? Oh yeah, I worked as a primarily busboy at a place called snowflake boss, twigs and then the lobster or a lot of people know the lobster rural or they might call it ll, but no locals called that's the Lahti Wrong just now, very well known, because the show the affair, your how old, now thirty eight and What is your spousal or partnership status, single single video, the right. Molly too, I have independent
is nine or ten months. All she travels with you. She said With me, almost all the time and I've heard you say that your food for her is I'm dry kibble with sardine on top grizzled over it re? So I can soon after a conversation. Oh my podcast, with scientists named Dominic Dagestan O, whose acute genesis of Kiehtan expert, began consuming sardines in the mornings and found that it from travelling. In particular, I often give Molly, dehydrated, say bison or different wild game when I'm at home in San Francisco, but from travelling? I can get her to eat. Try kibble with the sardine I'll, just little tavern insults all sorts of dermatological issues which I assume correspond to other types of health benefits. Internally rat ended. You start eating sardines for the dermatological benefit tell for more for the other components, other benefits eat him every day. Almost every day I started,
almost every added to the extent that I will travel if I'm gonna be gone four weeks, I will literally by cases the sardinians there, the rats and see what? their small enough that they dont Bio accumulate as much say heavy metals as something like an outer court. I love that store. I hope it's true I you know, I am choosing to believe the narrative Ferris majored in east asian studies at Princeton, but he blows looking for business as well, he opened some high and gems. In Taiwan he sold audio tapes of college admissions advice. Neither those worked out. He had better luck, teaching, speed reading, but that board with that soon after graduation, he founded a company called brain quickened which sold a nutritional supplements meant to wealth. Quicken your brain
and then Bobby Quick, which was pitch to athletes. Ferris says who's, making a lot of money, but he was also badly overworked. So he took a leave of absence, went to Europe. He expected the company to tank in this it didn't, did even better without him made him wonder if the whole notion of working forty and sixty in eighty hour weeks might be overrated, so your first but the for our work week. I am curious, goes I don't know the word I'm looking for is not fraud, but I'm pretty sure you work many more hours, then four hours per week, yourself rain, so is that a prescription? Was it a wish or was it a kind of metaphor for what one needs to create the objective, the book for this? Be blue, haven't read it and I am sure many of the people that is to provide you with tools and principles for
taxing your hourly output and the reason it gained. I think a foothold in the finance world with people a catch for managing also with people in the start up world see as a very large massacre in coming. is that they are looking for sources of leverage right to get more output for each impotent thee, FF our work, we title was one of twelve titles that I tested on Google Adwords. So I created campaigns to test the respective titles and Subtitles Lynch looked at the click through rates which went to under construction pages, and that perform the best of the options that I have came in. Second, second, why are you better question, but what was worst dear recalling the very worst, the worst I think,
a lot of bad ones? But there was a broad band and white sand or something wowzer. She s more like that and but to talk about my personal prospectus. That's the first contacts and second pieces. The book is not about being idle. It's about having control of Europe. non renewable resources. Time than applying you want to, but the other kind of miss perception of the for our work week is especially cause. It's got a palm tree on the cover, Russia, the active is not to stare out into space rubbing. Cocoa butter on your belly? For the rest, your life? It's about optimizing power but said the implication is hey. You don't have to work so hard, You can still accomplish what you need to financially whatever, but the real message of the book is the way that You think about filling up our time with quote work, which is often less work and more just connect. Garbage is silly way to think about the world it. I think that is that a lot of our assumptions are erroneous and misplaced. It
and that we don't test them very well, so the bark part of the reason that the book initially took off in the texts. Fear aside from the fact they live in Silicon Valley, kind of right in the Middle EAST, which box is that I talked to measure Also, it was very much the language of start up. What are your Kpi? Is your key performance indicators, water, the metrics that you're trying to improve? How do you do analysis determined where the focus and the the very easy I think in a digital age, easier than ever to confuse being busy with being productive and there. It is not the same thing. And doing something well does not make it important, so cerise drive towards efficiency and doing things quickly, oftentimes, not stopping to assess whether or not the things were do are important in the first place, so one key piece of advice at you and a lot of other people, I have given over time is a learning to be better at saying no to stuff. You know, especially as you start to,
seed, a little bit at whatever your succeeding in a firm as an entrepreneur is a writer whatever you. No more people ask you to do stuff and its flattering and you wanna be nice and you, I think the instinct for many peoples to say yes and all of a sudden. You realize that, like eighty percent of your good time is taken up by stuff, it's me. No, it is not so so considering that you're, a big fan of no and considering that you said not so long ago that when you're goals for the new year was to not do any, media. What are you doing here today? The seems like this should be exactly the kind of thing you should not be done. the wall I mean the the goals move around, so they say there two reasons I'm doing it. The first is that I am enjoying working on my own pocket temporary shell, and I think your extremely get what you do. So this is an opportunity for me to observe, interact and get better at what I'm also day,
browsing, okay with violent answer. That answer so all serve the flattery and then that the second reason is that it with when I really rolled down. I realized the fast mature my time which I felt was ill spent, was being consumed by start ups and us about six months ago published a what is it day. Resignation letter are retire the letter we went to celebrate really yeah. I asked I went start ups. But then I should say these were startups. You were not participating your participating as investor primarily correct or Esther and adviser, implies and carries with it much more responsibility in terms of being at the. you can call various founders or otherwise, people really start up so that by stemming the flow of sake, The introduction to email and when our little startups I was able to
reclaim a large portion of the pie that represented my total workers as an early investor in start ups Ferris had already had a number of what he calls lucky bets was goober, wanted a lucky bets definite, although that still private company Facebook was another book, also did very well how early how early reinventing used for the appeal, Alibaba Twitter, that twenty or so other bank at seventy internal problems. And why do you wanna go called Turkey on? That? Was it that you had enough money? Was it that you're sick of that whole either group of people or that kind of idea? Was it you just wanted to change? Was a big went to do other things well I'll give you the short version is probably a ten page. I would call it a scream. At least the real is a little screening every little screen, but the private This is our number one. I realised that in today's environment I was,
in many ways. Replaceable, as an investor, in other words, are such a surplus of capital that, if I said no they're gonna, be ten other people in line to say yes, even if the terms were outrageously unfavourable and dangerous, and if people were price shopping, meaning looking for hi valuations or take money at the table and nothing more, it made it very difficult and unpleasant for me to do a good job as response will invest or even from not using other people's money and on my own, the second reason, I think the the dynamic right now in the market. Are such that its extremely difficult for me as a single person. Doing this part time to filter the signal the noise and when I realized I dont do moderation while cell, if its it'll, it's much more effective in fact required for me to say I'm not doing any deals period. Zero! I'm curious! Do you think that, as a strategy would be useful to a lot of people
spheres having nothing to do with. You know investing in other, equally valued. Absolutely if you look at behaviour modification and you look at sea, the work be J fog at Stanford or otherwise. I think that cold turkey is often times much more effective than trying to tie treat back in May particularly when you're dealing with compulsive predictable. On the other hand, it may be that the people that we learn about who were successful, it called Turkey or the discipline people and that the ones that we don't hear about so much are the ones who try it and then acts like a little bit and then their back to where they were over sure. I think they're there's absolutely the risk of a survivor ship by us right just like mutual funds that advertise their performance and in a magazine a b and c it'll. Here by the losers, which is
Jones I get the stocks are in the dowager, I'm gonna write or we should all have the ability. The DOW Jones Industrial Average has to get rid of the ones at heard. Our average right or the people who were lionize than magazine covers for like saying no to a billion dollar acquisition offer and taking it to twenty willingly here by the losers, because the stories in his interesting second cells may copies Ferris is what you might call Syria obsession honest at the moment. One of his obsessions is lucid, dreaming so listen dreaming is very. Demonstrable in a lab, and it is the phenomenon of coming conscious of the fact that your dreaming, when your dream, you can cultivate the ability to trigger this, which allows you to do very interesting things. What do you need to do, whether physiologically or chemically or whatever, to prepare for lucid dreaming? Well physiologically having a basic understanding of sleep like goals is helpful
If you can wait. You're soft during a ram cycle, a week for say ten to fifteen us and then go back to sleep that will oftentimes increase the frequency of of inducing lucidity. If you wanted to yet a little out there. There are some people who take, for instance, who posing a which is in a sealed, colonist race, inhibitor prior to sleep, in the belief that it facilitates lucid dreaming of China. I have difficult to say: if that is causal or placebo or otherwise, but seems to be a plausible mechanism if I understand correctly, you once nearly attempted suicide, not know exactly what that means. That's true represent Tell me what do I tell me a little bit about not only talk about it, and this is this experience. I shouldn't underscores not uncommon ads
this pressure cookers in terms of universities, there's a confluence of of what perceived to be major negative life events all at once, including incredible difficulty with senior thesis and thesis adviser at Princeton. Proof administration about taking a year off to focus on testing. If you different jobs, because I felt like I was being funneled into the Goldman Sachs Mackenzie so the world when I knew that wasn't a fit for me, secondarily Let me take the time to sir do a good job on my thesis and was told two things. First by my my senior these adviser, oh you're, just gonna cop out this better, be the best thesis I've ever seen or In fact, I'm gonna give you a bad grid, which is a huge percentage of your departmental GPA for the entire time in your undergraduate education and then, secondly, when I went to the people, I thought would be willing to help because of this purported focus on undergraduate
education and health, and what not. I was told in no uncertain terms that that tenured, professor, would never do such a thing, and that was the end of the conversations I felt really trapped in a corner. Did you planet, did you envisioning yeah, I did were you depress. I was innocent, to run in the males in my family and both sides, so happy stand did periods of depression that I've become. Better mitigating over time, but the most important thing I've ever written, I think, is some practical thoughts and suicide along post on this. I really think its most importantly I see that you are our or have crowd funded. A study about treating depression with Silver Simon reigned at Johns Hopkins. Is that related to your own experience? Very much related, citing that and I'm gonna be doing more at Johns Hopkins, also funded some besides studies, easy herself and
we'll be doing more at the number of different universities most likely, including, and why you in fact I'm curious having been depressed and thinking about suicide in the past. How would you think about depression in the future is something that you kind of failure forestalling constantly, or is it not a feature of your daily life? It's not something I miss fearful of any more. I think that I have identified. Tools include Ding judicious supervise use of what we would typically call second Alex and Fuegians. Just the new branding, perhaps that scientifically and just based on, the preliminary data and publish data have tremendous promise for addressing treatment, resistant depression. I mean beyond anyone's while this expectations thou be one tools, and I also think that that
then a deadly focusing on daily or weekly habits that prevent depression is really the super attention being worth a pound of cure as a very hard when your mind goes into this for through depression logic, that is self defeating to pull yourself out of it. So certain types of exercise on x, related to balance or acrobatics, anything that we are moving your body through space, as opposed to await around your body. Secondly, patient. I voted almost every morning for twenty minutes well in a less so in the evenings, but I do have mindfulness practices in the evening, and then nutrition, there are a few key serve cornerstone elements that, if I control will not prevent me from ever being depressed, we'll mitigated tremendously and would have also come to accept. Is I do think that
very common among people who try to create anything original. I think that its very hard to have the kind of manic ups allow you to see connections between seemingly unrelated dots within our having some troughs? It's it's I'm not! Maybe that's just rationalizing in accepting depression, but it's it's very hard for me to find people in that type of profession, who don't have this pensioner? It's interesting as lotta people talk about the relationship between the two creativity and depression. as if the arrow is travelling in one way, which is it depressed people? You know people like to look at say: look at a hundred, very, very creative people. Look at the incidence of depression seat seems to be higher than among the general population, but yours Jesting, potentially I guess it. There's a causal arrow may be moving in the other direction, which is, if you choose to be a creative tape, in your engaging in an activity of kind of rain
and you know a blank page every day that inevitably might produce highs. That might also be accompanied by in periods of of real mental drought. I think so. just from my own personal experience and observations of a friends were also writers, are songwriters or whatever might be it. The more time spend in your own head, I think in the higher this probabilistic lay the more likely yard latch on to some weird circular reasoning, but I dont romanticize depression. In that way, that, for instance, some music since fetish eyes, drug use, unwilling! Well, you know you do your best work when you're on Coke and heroin and all this stuff it brings out the muse and so on. I think that's a dangerous logic. I appreciate your talk emetic, as you know, it strikes me as a huge paradox. Suicide, particularly but depression also, which is that you know suicide, is, is rather prominent.
in the west and particularly in the U S in a more people, die from suicide them by murder, easily more than double, and yet because there's the taboo around it, we don't talk about it, much impart for fear of figuring it. On the other hand, the downside of that is, if you can't poke around at something, especially empirically it's hard to learn about it and hard to learn what Tina leads. People totally adieu think indeed kind of a left turn that if people spend in this sound simplistic, but the solutions don't have to be complex to perceived complex, problems more time in nature and less reactivity from all of the notifications and push messages, and so on that were bombarded with ad solves a lot of these problems. If fifty deaths
go lift heavy objects and get out walk barefoot. Nature play the dog hand met it in the morning, lady found with it on one of the reasons. Yet one of the reasons I get my head on my own ass and actually focus on something. Besides myself, coming up on economics, radio TIM Ferris answers our frequent He asked questions, including what do you do when a panhandler asks you for money? I do not give money and I'll tell you why we talk nutrition, trends, past and present. I mean like rice, cakes Muzzle just inspectors of insulin and do us a favour. If you like, for economic radio, tell three friends about it. Right now gone away. You can also subscribe to this part cast on Itunes, or rather you get your podcast
and if you go to for economics dot com, you can find our entire podcast archive, along with complete transcripts music credits in more thanks TIM Ferris is a self experimenter. An entrepreneur and investor writer has a podcast called the TIM Ferris Show he's tried some tv. I spent a period of time in Japan. For this a tv show did not take off and I had a week to attempt to learn japanese horseback archery, which has to be pretty easier, horses consents, fear spook easily by half
slow down. My breathing remained calm, because if this horse gets it in mind to throw me, I'm not going to have much easier to re invest here. I have the galloping with no reigns in pulling their off your back and shooting at these little targets, decisive dinner place. There was another tv show that also didn't work out, at least as planned. It was called the TIM Ferris experiment. You shot a whole season. Thirteen episodes for network that later changed its mind in each area, Ferris would spend just a few days trying to learn a new skill, rock and roll drumming rally, car racing golf one episode was called urban evasion and he turned into my inner escape harnessed avi following Kevin's. The learning, a broad spectrum of how to escape custody went into my environment. Tell lies Finally, jump
who's, the getaway. The show was made for a new tv S. Platform called up wave which got shut down shortly after Ferris is show star air everything up put in the vault and there is a regime change Simon you're. Are your luck but those able to licence that back and sugar myself on Itunes, which was very sick, well beyond my while the expectations was asked recently by our executive. What did you learn from your various experiences in these different meat, and my hands who has funded yourself if you to finance it? U dont controlling at the end of the day and that become easier and easier to do with tools like Kickstarter with options even for orphaned content. I saw him less tackle. Some of our patented frequently asked questions. Feel free
you give an expanse of answer, feel free to give a lightning round. The answer is no right or wrong way to do these named the hand, for maybe it's more than a handful of things that you do, whether its rituals with its diet, sleep exercise, whatever things that you do too kind. If keep yourself functional and happy and moving forward every day I wake up, probably means, or between eight thirty and ten, a m can establish sit down and meditated for twenty minutes, then I'd brew, T just typically polarity with Termer, can ginger added to it, to which I had who can at oil just high in the medium term, frivolous rights which the brain likes her lunch I can see that as I sit down in the journal, there are two different journals using the five minute channel created by a reader? My faggot really really helpful for setting the tone, and
as for the day, and then morning, pages she's really is tough. A free society exercise good way to trap The monkey mind on paper, so doesn't distract you in sabotage for the rest of the day, and the between that point and lunch these days and often skipping breakfast I will focus on creative public creative, production, poor synthesis, so writing recording exploring If I have any type of Adam in poor health, keeping metaphorically did to deal with that in the afternoon. generally, the routine Every night have gave. very hot soaking bath, no bubbles, no jets that sacrilegious. What is One thing you on that you should throw out, would probably never will the wooden shards of the targets that I hit- one
doing the japanese horseback archways given displayed or just stuffed in a drawer, they are respectively placed on a shelf, and I have no idea. To them. I think I made you gonna keep em. I give him away to people at some point. I just they they have such a strong meaning. For me, that would definitely be high on the list. I also no books. Since just bookshelf and bookshelves note books were recorded, for instance, almost all my work out since, as about sixteen, I dont think indeed those what's your favorite sport to play and favorite sport to watch favorite sport, lay competitive sport. what is an example of a non competitive sport is then not a sport the spirit of large areas to go well, there's a related like kite flying, although we have quite fights and others yeah now agro yoga, something that I'm currently really delving into
it's a combination of, in effect, yoga acrobatics, insert isolate. I performances, the sports that I am best have been best out are generally those that I enjoy. I don't like being really bad things under the club, yeah you're, visiting New York. Now what you do pretty regularly It's not uncommon to run into someone on asking for money, so seems like everybody over the course of their life develop some kind of standard strategy. For that scenario, what's yours, I do not give money, and I'll. Tell you why I at one point paid homeless, gentlemen in San Francisco, to give me a tour of the entire, said homeless, underground in San Francisco, Japan. It was through service that, I think is no longer around a thing, is called for. a global view why a b l is. We are a fifty hundred bucks. Something like that, and he was we explicitly city should never give homeless people money. Then he showed me
exactly where they know because for the homeless, guy who's getting retaining. But I now so right, it's it's! You have to take it into account, but he walked me through the tenderloin through all these different. Is, and you pointed out where to get clothing where to get housing were to get blankets where to get food where to get all these resources, he said anyone who is asking for money is doing so to by drugs or alcohol TIM. What is something that you believed for a long time to be true until you found out, you were wrong, I believe, for very long. I was an athlete that that low fat high carbohydrate was and acknowledges. I it rather yeah ends. I think, there's a decent amount of evidence, circumstantial or direct to suggest that low fat diets create a hosting issues ranging from joint problems to amend area like the cessation of menstruation, I mean it's, it's it's
think entirely unnatural for sit in tree people or for athletes, and all said when you forbid people to discourage people from consuming a thing weather. In that case it's fatter could be. You know anything that you can think of. It's not like most people will instead consume nothing. They'll consume more of something else. For the compliment right- and in this case the compliment was a lot of carbs in a lot of sugars that contributed to, if we believe, the science that we're reading too, a contributed to all kinds of chronic and underlying problem. So absolutely I mean like rice, cakes, Marshall just checked herself at insulin, so I'm curious when I read the for our chef. It strikes me that you're, a very adventurous, chef and eater But when I hear you talk about your nutrition now, I'm curious what you actually would put on a plate and put in your mouth. So if we were to leave this radio studio and say hey, let's go get something to eat,
Where would we go and what would you eat? I'm not purist about a thousand out to buy it. Actually limit the damage that I might create a so if you want to go out and have sushi needed several pounds of rise, I could do that. It wouldn't caused me any existential acts. But in your optimal me over in New York, Choisya optimal meal, I would say, would be Grass FED steak with vegetables, maybe some lentils. Amber that flow from and I can go out and people is not clear to anyone eating with me. Then I am on a stranger restrictive died when I ordered a restaurant small question here. What is the best possible future invention or discovery for humankind? I would best Possum, first thing that comes to mind is functional safety precautions relate
the artificial intelligence which I think is very difficult. The assurance. How do you create stop gap, rip courts for and intelligence that is, by definition, intended to get to my work into several million hours of human. Reputation in the span of minutes are ours, so they talk to people about it. It about it's really hard for me to understand the contours of it, but the catch twenty report seems to me as we want it to be good enough to be so good that we would be secondary we'd be the animals that somehow managed to create a better intelligence and therefore expendable John. I mean it. This is it. This is a very, very prevalent and intense conversation among technologists right Now- and there are those of course who believe that its summoning the demon and so on. There are those who think it will be a panacea,
There are those who believe it could be both identified. That latter group I mean, I do think that artificial intelligence could solve. Potentially, the greatest dilemmas of our time, which you would name as what the fact that we die too early. The fact, we need to address you name it. I think space. innovation or some very thereof, climate change, world hunger warfare or elimination thereof. I mean it's impossible to conceive of Natalie. solutions that day I would find known problems but the problems but identify that we haven't even noticed yet I've, no, idea, what even the next five years will bring. Though, and I much less twenty years now. Maybe you do I have some gases language it? But I can't talk about, but I would say that when the magic can talk because you know them to be true. Leave caused. There told someone you won't break the prominence, that's right. The latter just proprietary, the information from from companies, but I would say this on that
that a nuclear bomb or bits and bites it can be transmitted through any broadband meaning mechanical and scalable, in a way that something physical like that is not that's right. That is far more uncontainable, then a closely tracked amount of uranium or plutonium, that's a very sobering, no on which who end. So that's not their last question. If you had a time machine sounds like you may know, people who have time issue- When will you travel to and why, I am, would you do there some tempted to say that our travel back in time to eliminate some dictator, tyrant or by everybody, but I thought he would take care and other. We will take her that so my knee jerk responses, I would go back. You can also go into the future and just I dont they'll, go to the figure. I would go back in time and have a lot of drinks with Ben Franklin. You do of men,
A good I know, em and there's a lot of reasons to lovely. Tell me why him because he wasn't afraid to be an amateur, and as an amateur with beginners, mind. I think, a fresh pair of eyes. He was able to create many. Many breakthroughs and multiple fields that have shaped civilization in the world as we know today, and he was also, though, at the same time, a bit of a merry pranks her and a bit of a showman, and I just to freely enjoy that combination being able to
publish very big serious objectives, while not taking yourself to seriously is something I aspire to well done. Tim Ferris Extra covenant. Thank you and with that, ladies and gentlemen, self improvement month has conclusion. I hope you ve learned at least a little bit about how to be more productive, had become great it just about anything and get more grit in your life, had win games and beat people and finally, how to be TIM. Ferris remember if free economics, radio is worth anything more than zero to you. Please consider
King donation to W and my see the public radio station that produces the show you can find a link at for economics, dot, com, slash donate or by texting. The word freak to the number six nine eight six. Six thanks very much coming up next week on four economics radio. What do you think when you hear the name? Lester has become home so the greatest and the dog story of all time that it is the biggest patching upset we ve ever seen it in the UK and around the world a hundred thousand pounds which is disappointing thing to have missed. I think they could actually towns again next year Lester City miracle, and why it matters its next time and for economic operators.
For economic radio is produced by w when my c studios in Dublin productions. This episode was produced by catch him, a highly which our staff also includes urban Gunjay Jake, how it merit Jacob Christopher Worth: Gregg Results, KY, Alison, Hockenberry and Caroline English. You can find all our previous episodes and for economic start com. You can also subscribe to this package on Itunes war. Wherever you get your pockets, he there Stephen dubbing again, one more thing. If you like for economics, radio, I think you'll also like the latest episode of people, I mostly admire the podcast hosted by my free economic, spreading co, authored, Steve Levin. Here's what it sounds like a guest today, Sue bird. She collects championships she's for W Nba Championships, Vibe Euro, the best about championships to energy.
a championship for International Basketball Federation, world cups and for limpid gold medals. I'd love to talk about the economics of professional best about so the average player in the NBA made eight point three million dollars into that the nineteen and in the W Nba the average with eighty thousand is frustrating just now. I think. Actually, if you look at twenty twenty? Our minimum is now higher, but we all put in the same amount of work. So is it? hard to swallow, knowing that somebody else's work is being rewarded at times by I live in reality. I understand business and economics. Some people look at us as like charity. They go will will help them out like an it in a terrible. What sense, not unlike this business,
vestment way and we think do look at us as an investment immediately. Its talked about how we don't make money- and it's like fifty years ago in the nba- did either, but people are willing to make that investment get behind it and growing people. I mostly admire you can find on your favorite podcast up either Stephen dubbing again one more thing. If you liked the episode you just heard, we think you like something else in the friggin hammocks radio network. Look for this interview on the new podcast people. I mostly admire with host Steve, let my guest today Sue bird. She collects championships she's for W Nba championships, five euro, the best while championships to end she ate championships for
international basketball Federation, world cups in four Olympic Gold medal. I would think that, in order to be the player you are, you would have to be a person who actually gets better under pressure rather than worth. Well. Obviously, there are people who are known for heading big. Shots are known for playing while in big gains that exists for sure, but I think we kind of frame it the wrong way. It's not that you're gonna make nine at it. It's that you might make three at a ten but somebody else's, making zero it's on, whose most successful. It's like who's, the most successful the least successful. That is, people mostly admire you can find it on your favorite podcast app subscribe now, so that you don't miss single episode.
Transcript generated on 2021-01-25.