Seth Stephens-Davidowitz introduces his new book 'Who Makes the NBA,' discussing key factors for NBA success, genetics versus training, and impact of coaching. They brainstorm ideas for monetizing AI-driven sports analytics, showcasing the transformative power of AI. The podcast also explores the unique perspective of New York Jews, Shaq's work ethic, data analysis in basketball draft picks, and the impact of AI tools in writing and data analysis.
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Quick takeaways
NBA coaches play a crucial role in fostering teamwork and improving team performance.
The NBA draft often undervalues certain player traits, leading to inefficiencies in player selection.
The use of AI tools, like ChatGPT, has revolutionized the writing process by speeding up data analysis and generating insightful visuals.
Self-publishing offers authors more control, marketing opportunities, and the ability to negotiate unique deals and partnerships.
Deep dives
The Importance of Coaching in the NBA
NBA coaches play a crucial role in the success of a team by encouraging players to pass the ball more frequently, even when they have incentives to focus on scoring. Great coaches are able to overcome the individualistic mindset of players and foster teamwork, leading to better performances and more wins.
Inefficiencies in the NBA Draft
The NBA draft often undervalues certain player traits, leading to inefficiencies in player selection. For example, players with big wide hands tend to outperform those with smaller hands, yet teams often overlook this attribute. Additionally, players who were highly ranked in high school but fall in the draft are typically still undervalued and make for valuable choices.
The Impact of AI in Writing a Book
The use of AI tools, such as ChatGPT, has revolutionized the writing process by significantly speeding up data analysis. The AI tools not only assist in crunching large sets of data, but they also aid in generating insightful charts, graphs, and even artwork. This has enabled authors to complete entire books in a fraction of the time it would have taken previously.
The Future of AI
AI continues to evolve and improve, and its potential for revolutionizing various industries is immense. While there may be a plateau in terms of significant leaps forward, the ultimate goal is to develop AI to a point where it becomes an infinitely smart assistant, capable of conducting complex analyses and offering unparalleled insights in a fraction of the time.
The Benefits of Self-Publishing
Self-publishing allows authors to have more control over their work and the ability to market it themselves. Unlike traditional publishing, self-published authors can experiment with pricing, partner with email lists for marketing, and take advantage of advertising opportunities not available to traditionally published authors. Self-publishing can also be more enjoyable and fulfilling for authors, as they have the freedom to promote their own work without restrictions and feel a sense of ownership and personal connection to their book.
Monetizing Self-Published Books
While getting rich from self-published books may not be common, there are opportunities for authors to earn money. Through strategies like partnerships and deals, self-published authors can generate income beyond book sales. For example, they can collaborate with individuals or businesses with large email lists to promote their book and split the profits. This ability to negotiate unique deals and partnerships is a major advantage of self-publishing compared to traditional publishing.
Success and Persistence in Self-Publishing
Self-publishing presents opportunities for individuals to make money in their respective fields by utilizing their passions and unique expertise. While success rates may vary, persistence, consistency, and developing a dedicated community are key factors in achieving success. Building a strong subscriber base for a newsletter or blog through providing valuable and engaging content can lead to monetization opportunities. Additionally, finding niche topics or unique data analysis angles within a field can attract devoted followers and open up avenues for profitability.
Overcoming Backlash and Haters
When monetizing creative work or pursuing unconventional paths, there may be backlash from individuals who disagree or feel disappointed. It is essential for creators to embrace their unique style and lean into criticism from haters, finding humor and motivation in negative feedback. Removing the pressure to please everyone and focusing on their passion and dedicated community can help creators overcome the fear of backlash and continue to thrive in their creative endeavors.
Today we reunite with Seth Stephens-Davidowitz, the acclaimed author known for "Don't Trust Your Gut." Seth introduces his new book "Who Makes the NBA," a trailblazing work written in just 30 days using AI. He shares how AI tools, particularly ChatGPT's code interpreter, inspired him to blend his passion for basketball with data science, creating an innovative approach to sports analytics.
Seth dives into the fascinating insights from his book, addressing questions like the key factors for NBA success, the role of genetics versus training, and the impact of coaching on players' careers. The discussion also covers intriguing topics like the hypothetical best NBA player at a uniform height and the global distribution of NBA talent.
James and Seth further explore the business side, discussing strategies to monetize Seth's groundbreaking work. They brainstorm ideas for expanding the reach and impact of his AI-driven approach to sports analytics, offering insights into the potential of AI in both creative and commercial realms. This episode offers a unique blend of sports, data science, and business innovation, showcasing the transformative power of AI in modern industries.
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My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!
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Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts:
What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!
Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!
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Visit Notepd.com to read our idea lists & sign up to create your own!
My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!
I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com
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Thank you so much for listening! If you like this episode, please rate, review, and subscribe to “The James Altucher Show” wherever you get your podcasts:
