The Tim Ferriss Show

Ep 29: What I Learned Losing a Million Dollars, with Author Brendan Moynihan

Sep 16, 2014
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INSIGHT

Learn From Failure Not Just Success

  • Brendan Moynihan argues books that reveal how people lose money teach more than success manuals.
  • Examining failures exposes repeating behavioral mistakes that lead to large losses.
ANECDOTE

Seventeen Hours Of Taped Confession

  • Moynihan recorded Jim Paul's recollection over a marathon weekend and transcribed 17 hours of tape.
  • He spent years shaping those tapes plus research into the final manuscript.
ANECDOTE

A Traffic Stop That Changed Everything

  • After losing $1.6M, Jim Paul attempted a dramatic suicide plan but was stopped by a traffic stop.
  • He later saw that incident as an accidental safeguard and a turning point.
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