#695 - Codie Sanchez - The Secret Mindset Hacks To Become Unstoppable
Oct 19, 2023
02:14:17
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Codie Sanchez, investor and venture capitalist, shares her framework for non-conformity and the value of original ideas. She discusses the importance of questioning assumptions, pushing through boredom, and speaking the truth. The podcast also explores the mindset and habits of successful individuals, the significance of changing perspectives, and the ethics of extreme wealth.
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Quick takeaways
Being willing to take risks and moving quickly are key factors for success.
Surrounding yourself with unruly individuals who challenge you and make you stand your ground is crucial for growth and success.
The power of boredom allows for breathing room and creates space for the best ideas to emerge.
Focusing on what's truly important yields better results and allows for more fulfillment.
Success can be attained through a variety of trajectories, not solely reliant on a tumultuous journey.
Deep dives
The Power of Non-Conformity
In this podcast episode, Cody Sanchez discusses the importance of being a contrarian and how to come up with original ideas. She shares her framework for non-conformity and emphasizes the need to question assumptions continuously. Being willing to take risks and moving quickly are key factors for success. Intentionality and knowing where you want to go are important in order to avoid moving towards things you don't actually want in life. The interview ends with a discussion on the idea of 'when is enough enough?' and the importance of choosing your controversies wisely.
The Gift of Dissent and Unreliable Allies
Sanchez emphasizes the importance of surrounding yourself with unruly individuals who challenge you and make you stand your ground. Having dissenting opinions and people who are not afraid to question your ideas are crucial for growth and success. Being open to changing your mind and adapting to new information is a mark of true intelligence. Unreliable allies who always agree with you can hinder your progress, while those who challenge your thinking help you refine and strengthen your ideas.
The Power of Boredom and Clarity of Thinking
Sanchez highlights the power of boredom, stressing that it allows for breathing room and creates space for the best ideas to emerge. She clears her schedule every morning to avoid cluttering her mind with meetings, offering her ideas the time and freedom to grow. Sanchez also discusses Warren Buffett's approach of giving clarity and focus to thinking strategically before making any decisions. By creating space for clarity and reducing distractions, she finds that her ideas flow more effectively.
Avoiding the Tyranny of the Urgent and Focusing on What's Important
Sanchez tackles the concept of the tyranny of the urgent, explaining that focusing on urgent matters at the expense of important tasks can hinder success. She shares her practice of dedicating specific days for calls and meetings, leaving other days free for deep work and important projects. Emphasizing the value of giving importance to key tasks and avoiding being overwhelmed by urgent matters, Sanchez believes that focusing on what's truly important yields better results and allows for more fulfillment.
The Importance of Personal Obsession and Competence
Having a strong passion and obsession for something, along with competence in that area, is attractive and contagious to potential partners. It is important to focus on bettering oneself and becoming the right person rather than solely searching for the right person.
Finding Partners who are also Obsessed and Competent
Aim to find partners who are also pursuing their own passions and are competent in their pursuits. Shared obsessions and goals create a strong connection and attraction between partners.
The Value of Mastery in Everyday Actions
Small acts of mastery and competence in everyday actions are attractive and impressive. The way a person carries themselves, their skills, and their attention to detail can capture the attention and admiration of others.
The Ethics and Morals of Billionaires
While there are billionaires who have engaged in unethical practices, in general, those who have created immense wealth tend to be kinder and more giving. On the other hand, those living in scarcity can sometimes display negative behavior due to a fear-based mindset.
The Importance of Giving and Receiving
The podcast episode explores the importance of giving and receiving in personal relationships and the impact it has on one's well-being. It emphasizes that giving to others who are also givers can lead to a positive cycle of reciprocity. The speaker shares personal experiences and highlights how helping others brings joy but also mentions the twinge when appreciation or reciprocation is lacking.
The Nuances of Success and Risk-Taking
The podcast delves into the concept of success and challenges the notion that extreme risk-taking and sacrifice are necessary for achieving it. It encourages individuals to find their own path to success without resorting to extreme measures. The speaker discusses the advantages of avoiding bankruptcy and taking calculated risks, suggesting that success can be attained through a variety of trajectories, not solely reliant on a tumultuous journey.
Codie Sanchez is an investor, venture capitalist and a CEO.
Being a contrarian is an alluring idea. Having a unique insight into the world, a different viewpoint that helps you grow and make money and become successful. But how do you actually come up with original ideas and avoid always following the crowd?
Expect to learn Codie’s framework for non-conformity, how anger can be a useful tool, what we can learn from Warren Buffet about not optimising too much, why pushing through boredom is a superpower, how speaking the truth even when it hurts can be critically important, Codie's best advice from the billionaires she’s met and much more...
