The Daily Stoic

Tim Ferriss on Making Better Decisions and Solving Problems (Pt 1)

1832 snips
Jan 20, 2024
Tim Ferriss, an acclaimed author and early-stage technology investor, dives deep into the essence of Stoicism. He shares insights on fear setting and reframing failures as growth opportunities. Tim discusses the balance of emotional regulation and decision-making amid public scrutiny, emphasizing the importance of self-awareness. The conversation highlights how viewing problems from a broader perspective can reduce anxiety and foster resilience, illustrating his journey of navigating success and challenges with a Stoic mindset.
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ADVICE

Treat Decisions as Experiments

  • View big decisions as two-year experiments, not permanent identities.
  • This reduces intimidation and allows for flexible adjustments.
ADVICE

Calculate Potential Losses

  • Calculate fixed costs and potential losses before starting a project.
  • Consider the cost of gaining valuable experience, even in failure.
ANECDOTE

Angel Investing as an MBA

  • Tim Ferriss treated angel investing as an alternative to business school.
  • He viewed the potential investment losses as tuition for valuable experience.
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