608: Anthony Pompliano - (How To Live an Extraordinary Life) Luck Is Not Real, Surround Yourself With Compounders, Fire Your Boring Friends, Get On The Plane, Practice Simplicity, & Taking Big Risks608: Anthony Pompliano - (How To Live an Extraordinary Li

Nov 11, 2024

Anthony Pompliano, an entrepreneur and investor, shares insights on living an extraordinary life. He argues that luck is a mental construct and emphasizes the importance of surrounding yourself with ambitious people. Anthony advises firing boring friends to cultivate growth and encourages taking risks. He presents a compelling story about the importance of asking for what you want, showcased in his meeting with his future wife. With a focus on optimism and accountability, he advocates for a proactive mindset in both personal and professional endeavors.

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ADVICE

Leaders Eat Last

Leaders prioritize their team's needs over their own.
Ensure everyone on your team eats before you do, demonstrating service and care.

INSIGHT

Early is On Time

Being on time is actually being late; aim for five minutes early.
Early arrival demonstrates respect for others' time and ensures preparedness.

INSIGHT

Luck is Not Real

Luck isn't real; it's a mental construct, not an external force.
Viewing situations optimistically empowers you to take control.

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Notes

Luck is not real – “Luck is something we conjure in our minds to grapple with the consequences of whatever life may throw our way. Luck is a physiological concept. It’s determined by how we view a situation. Academic studies show that you can become luckier simply by telling yourself that you are lucky.” Pessimists sound smart, but optimists change the world. Believe in yourself. Have agency. Strive to make something happen.
- "Luck is the flip side of risk. They are mirrored cousins, driven by the same thing: You are one person in a 7 billion player game, and the accidental impact of other people’s actions can be more consequential than your own." - Morgan Housel
Surround yourself with compounders and fire your boring friends– Being around other ambitious people who are willing to push you will make you better. Strike the balance between being loyal to longtime friends, and doing anything for them, but spending the bulk of your time around people who will push your edges and make you think bigger.
- Fire your Boring Friends - “If you are optimizing for living an extraordinary” life, you have to fire all the boring friends and find people living extraordinary lives.”
You don’t get what you don’t ask for. I love the story of Anthony meeting his future wife, Polina, for coffee and asking for the next date for that same night. The answer is NO if you don’t ask. It’s worth the potential rejection because the upside is so great. In this case, they got married and have two children. The people who sustain excellence are not afraid to make the ask.
Get on the plane -- When in doubt, go see them in person.
"Experience is a liability when it comes to setting expectations." Sometimes, ignorance is bliss. Not knowing that something is supposed to be hard can be useful.
Respect other people's time - “When I was playing football in college one of our coaches used to say, “5 minutes early is on time and on time is late.” By respecting other people's time they will realize you are a serious person.
Childhood is not a crutch — Don't have a victim mindset to use childhood as a crutch for poor behavior. “It’s easy to use your childhood as a crutch instead of seeing it as a chisel.” - Cameron Hanes
Simplicity signals mastery — Tim Urban is the master at this. As a writer and/or teacher, your writing should make the reader feel smarter, not dumber. Using big complicated words and sentences shows that you don’t know what you’re talking about.
The world seems to separate itself into two groups - the people who never stop learning and everyone else.
Document Good Ideas – Ideas run the world. “I created a system that works well for me. I broke everything down into four areas where I could find a good idea. Books, social media, conversations, and audio/video content.
Advice: "Seek risk. What is the riskiest thing you can do? The greatest returns are on the other side of risk. Run towards the risk."