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!
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Timestamps:
[00:00] Start
[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.
*
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Past guests on [The Tim Ferriss Show] (http://tim.blog/podcast) include [Jerry Seinfeld] (https://tim.blog/2020/12/08/jerry-seinfeld/) , [Hugh Jackman] (https://tim.blog/2020/06/26/hugh-jackman/) , [Dr. Jane Goodall] (https://tim.blog/2020/04/16/jane-goodall/) , [LeBron James] (https://tim.blog/2018/11/27/lebron-james-mike-mancias/) , [Kevin Hart] (https://tim.blog/2020/05/20/kevin-hart/) , [Doris Kearns Goodwin] (https://tim.blog/2018/09/07/doris-kearns-goodwin-leadership/) , [Jamie Foxx] (https://tim.blog/2015/12/06/jamie-foxx/) , [Matthew McConaughey] (https://tim.blog/2020/10/19/matthew-mcconaughey/) , [Esther Perel] (https://tim.blog/2017/05/21/esther-perel/) , [Elizabeth Gilbert] (https://tim.blog/2020/05/08/elizabeth-gilbert/) , [Terry Crews] (https://tim.blog/2017/12/20/terry-crews-how-to-have-do-and-be-all-you-want/) , [Sia] (https://tim.blog/2020/08/12/sia/) , [Yuval Noah Harari] (https://tim.blog/2020/10/27/yuval-noah-harari/) , [Malcolm Gladwell] (https://tim.blog/2016/06/21/malcolm-gladwell/) , [Madeleine Albright] (https://tim.blog/2020/05/27/secretary-madeleine-albright/) , [Cheryl Strayed] (https://tim.blog/2017/03/30/cheryl-strayed/) , [Jim Collins] (https://tim.blog/2019/02/18/jim-collins/) , [Mary Karr,] (https://tim.blog/2020/11/11/mary-karr/) [Maria Popova] (https://tim.blog/2014/10/21/brain-pickings/) , [Sam Harris] (https://tim.blog/2020/05/15/sam-harris-2/) , [Michael Phelps] (https://tim.blog/2021/01/21/michael-phelps-grant-hackett/) , [Bob Iger] (https://tim.blog/2020/01/16/bob-iger/) , [Edward Norton] (https://tim.blog/2019/10/31/edward-norton-motherless-brooklyn/) , [Arnold Schwarzenegger] (https://tim.blog/2015/02/02/arnold-schwarzenegger/) , [Neil Strauss] (https://tim.blog/2014/06/24/neil-strauss/) , [Ken Burns] (https://tim.blog/2019/09/12/ken-burns/) , [Maria Sharapova] (https://tim.blog/2017/08/26/maria-sharapova/) , [Marc Andreessen] (https://tim.blog/2016/05/29/marc-andreessen/) , [Neil Gaiman] (https://tim.blog/2019/03/28/neil-gaiman/) , [Neil de Grasse Tyson] (https://tim.blog/2019/10/03/neil-degrasse-tyson/) , [Jocko Willink] (https://tim.blog/2016/09/21/jocko-willink-on-discipline-leadership-and-overcoming-doubt/) , [Daniel Ek] (https://tim.blog/2020/12/03/daniel-ek/) , [Kelly Slater] (https://tim.blog/2020/09/08/kelly-slater/) , [Dr. Peter Attia] (https://tim.blog/2019/11/27/peter-attia-fasting-metformin-longevity/) , [Seth Godin] (https://tim.blog/2016/02/10/seth-godin/) , [Howard Marks] (https://tim.blog/2018/09/25/howard-marks/) , [Dr. Brené Brown] (https://tim.blog/2020/02/06/brene-brown-striving-self-acceptance-saving-marriages/) , [Eric Schmidt] (https://tim.blog/2019/04/09/eric-schmidt/) , [Michael Lewis] (https://tim.blog/2020/05/01/michael-lewis/) , [Joe Gebbia] (https://tim.blog/2018/03/08/joe-gebbia-co-founder-of-airbnb/) , [Michael Pollan] (https://tim.blog/2018/05/06/michael-pollan-how-to-change-your-mind/) , [Dr. Jordan Peterson] (https://tim.blog/2021/03/01/jordan-peterson/) , [Vince Vaughn] (https://tim.blog/2017/05/31/vince-vaughn/) , [Brian Koppelman] (https://tim.blog/2020/04/23/brian-koppelman/) , [Ramit Sethi] (https://tim.blog/2019/05/07/ramit-sethi/) , [Dax Shepard] (https://tim.blog/2020/11/18/dax-shepard/) , [Tony Robbins] (https://tim.blog/2014/10/15/money-master-the-game/) , [Jim Dethmer] (https://tim.blog/2020/05/18/jim-dethmer/) , [Dan Harris] (https://tim.blog/2020/11/19/dan-harris/) , [Ray Dalio] (https://tim.blog/2017/09/13/ray-dalio/) , [Naval Ravikant] (https://tim.blog/2015/08/18/the-evolutionary-angel-naval-ravikant/) , [Vitalik Buterin] (https://tim.blog/2021/03/08/vitalik-buterin-naval-ravikant/) , [Elizabeth Lesser] (https://tim.blog/2021/03/16/elizabeth-lesser/) , [Amanda Palmer] (https://tim.blog/2019/04/18/amanda-palmer-2/) , [Katie Haun] (https://tim.blog/2021/02/18/katie-haun/) , [Sir Richard Branson] (https://tim.blog/2017/10/09/richard-branson/) , [Chuck Palahniuk] (https://tim.blog/2020/09/02/chuck-palahniuk/) , [Arianna Huffington] (https://tim.blog/2017/10/18/arianna-huffington/) , [Reid Hoffman] (https://tim.blog/2015/08/31/the-oracle-of-silicon-valley-reid-hoffman-plus-michael-mccullough/) , [Bill Burr] (https://tim.blog/2017/09/17/bill-burr/) , [Whitney Cummings] (https://tim.blog/2015/06/26/whitney-cummings/) , [Rick Rubin] (https://tim.blog/2015/05/15/rick-rubin/) , [Dr. Vivek Murthy] (https://tim.blog/2020/03/26/vivek-murthy/) , [Darren Aronofsky] (https://tim.blog/2017/09/09/darren-aronofsky/) , [Margaret Atwood] (https://tim.blog/2022/02/22/margaret-atwood/) , [Mark Zuckerberg] (https://tim.blog/2022/03/24/mark-zuckerberg/) , [Peter Thiel] (https://tim.blog/2014/09/09/peter-thiel/) , [Dr. Gabor Maté] (https://tim.blog/2018/02/20/gabor-mate/) , [Anne Lamott] (https://tim.blog/2021/07/09/anne-lamott/) , [Sarah Silverman] (https://tim.blog/2022/01/12/sarah-silverman/) , [Dr. Andrew Huberman] (https://tim.blog/2021/07/06/andrew-huberman/) , and many more.
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