The Game with Alex Hormozi

13 Things I Wish I Learned | Ep 636

Nov 22, 2023

In this discussion, valuable entrepreneurial insights take center stage. The cyclical nature of success and failure is explored, emphasizing that learning is continuous. Alex shares the significance of humility and self-respect, revealing how they influence decision-making. He argues for deep engagement with quality books over quantity. Effective negotiation skills and the dedication to consistent actions are highlighted as keys to extraordinary achievements. Ultimately, the essence of humility is reframed as a respect for others, fostering both personal and collective growth.

31:54

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Quick takeaways

Assume you're dumber than everyone else to make better decisions and learn more.

Gain respect by respecting yourself and behaving in alignment with who you want to be.

Effectively communicate by using simple language that others can understand and explain.

Value deep understanding by reading one great book multiple times instead of many mediocre books.

Prioritize time and commitments, saying no to distractions and non-aligned activities.

Build positive influence, as goodwill compounds faster than money.

Deep dives

Learn more by assuming you're dumber than everyone else

In college, the focus was on proving how smart you are, but in the real world, constantly talking prevents learning and growth.

Life and Opinions

01:08

The Importance of Defining Terms: Understanding Pride and Arrogance

01:19

Lessons on Behavior and Self-Respect

01:24

Intro

3min

Lessons on Self-Respect and Effective Communication

3min

The Essence of Quality Reading

5min

The Path to Extraordinary Achievements and Effective Negotiation

7min

The Power of Humility

12min

The actual entrepreneurial cycle (…) It's not a destination. It's not linear. It's cyclical.” Today, Alex (@AlexHormozi) shares valuable life lessons and experiences in business and personal growth. Topics covered include continuous learning, embracing humility, recognizing the cyclical nature of success and failure, persistence, negotiation skills, and the importance of long-term commitment and focus. He also emphasizes the value of paying to learn from those more successful to accelerate one's own path to success.

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.

Timestamps:

(0:39) - #1: You make better decisions and you learn more by assuming that you're dumber than everyone else.

(4:04) - #2: The hardest respect to earn is one’s own.

(5:26) #3: If you want to control what people think, control what they say.

(6:53) - #4: You get more out of reading one book that's great five times than out of reading five mediocre books

(9:22) - #5: Most champions do not have something that you do not. They lack something that you have.

(10:20) - #6: Goodwill compounds faster than money.

(11:29) - #7: You're going to die. And two weeks after you die, most people will have forgotten about you.

(12:23) - #8: Extraordinary accomplishments come from doing ordinary things for extraordinary periods of time.

(14:09) - #9: If it's worth doing, it's worth doing well.

(16:43) - #10: Be willing to negotiate everything except for your values.

(19:17) - #11: Humility.

(21:32) - #12: The happy man has a thousand wishes. The sad man has one.

(24:19) - #13: Failure leads to learning. Learning leads to success. Success leads to complacency, complacency leads to failure.

(26:30) - Bonus: I would pay any amount of money to make obvious truths real for me.

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(This episode is a re-run. Original airdate was on November 8, 2022)

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The Game with Alex Hormozi

13 Things I Wish I Learned | Ep 636

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Learn more by assuming you're dumber than everyone else

Earn respect by respecting yourself first

Equip others with the words to describe your business

Deeply understand the knowledge of a book through repetition

Champions eliminate distractions and maintain singular focus

Goodwill, compounding faster than money

Don't give weight to others' opinions after death

Extraordinary accomplishments come from ordinary actions over time

If it's worth doing, it's worth doing well

Negotiate everything except for your values

Increasing regard for others leads to humility

Focus on actions and learning rather than happiness

Failure, learning, success, complacency cycle

Pay any amount to acquire obvious truths

Life and Opinions

The Importance of Defining Terms: Understanding Pride and Arrogance

Lessons on Behavior and Self-Respect

Remember Everything You Learn from Podcasts