4min chapter

287. David Perell: Being a Hedgehog When You're a Fox, Living With the Twitter Algorithm, Learning from Tyler Cowen, and Building Mass for Leverage

Love Your Work

CHAPTER

How Did You Get Your First Grant Through Tyler Coan's Emergent. Vanters?

When i was 22 years old, i emil tyler, and i would love to interview you on my podcast. And we i remember right at the andes head that you're a kindred spirit. So really life changing stuff. Now, you've been given four grants through tyler coan's emergent Vanters. How did that happen? What is that relationship structure like? What have you goten out of tyler's the frickan best?

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Episode notes

Speaker 1

Speaker 3

I interrupted your story. You were you were had gone into financial services because it sort of made use of your natural skills. But at some point you kind of circled back to poker or to gambling. So I'm kind of interested in that trajectory or how you got interested in thinking about the connection between those two things. You know, I didn't circle back. I never gave you. I was gonna say never left. He just

Speaker 1

had to make his mother-in-law happy. Right. I know the story. Yeah. It was more and more percentage of my income. One of the things I kind of find interesting is I have made within a fairly narrow range the same amount of poker every year my whole life. You know, since age, well since age eight anyway. And I get a feeling. If I haven't made my quota for the year by September, October, I'll play a ton of poker. If I make a bunch of money early, you know, by May, I've hit the number. I kind of, I don't feel like you can rest easy. Yeah. And the poker earnings are completely separate from any other money I make. The other money I make sort of goes into a bank account and it's used for the things you spend money on. The poker money is to prove to myself that I don't need anything but my wits to survive. Take away everything I own. I can make a living in poker.

Speaker 3

Well, well, that itself is kind of telling because I would imagine that the fact that you can, if you hit your quota early on, you can sort of put it down at that point is very different from what I think of as a gambling mindset. Of course, people are compulsive gamblers who would just keep gambling until they've lost everything because they can't,

Speaker 2

they can't do anything else. What's your loss quota, John?