Tony Robbins Interview: Part 1 (Full Episode) | The Tim Ferriss Show (Podcast)

optimal at this altitude I can run flat out for a half mile before my hands start shaking can I ask you a personal question now soon I'm a cybernetic organism living tissue over metal endoskeleton this episode is brought to you by 99designs dot-com which is the largest online marketplace for graphic design with more than eight hundred and fifty thousand registered designers from all over the world who compete for your business I've used them for years and I've used them for some very big projects like the book cover for the 4-hour body which went on to becoming number one New York Times best seller translated into at least I would say 10 15 20 languages and I used 99 designs because I needed results and I needed them very quickly so here's how it works you need a logo a website book cover t-shirt car app whatever you put a description on 99designs comm then people submit designs and in a week or less you have an original design that you love or you get 100% of your money back so check out 99 designs com forward slash Tim you can see some of the projects that I've done personally and you can also get a $99 upgrade for free this highlights your project listing it with a prominent background bumping it to the top of the page and on average this will attract close to 200 percent more designs so check out 99 designs com forward slash Tim and I think you'll like what you see hello ladies and gentlemen boys and girls this is a very exhausted Tim Ferriss and welcome to the Tim Ferriss show so glad to have you you know I am one tired saamne bit right now and I couldn't be happier about it because I've been flying around the country doing various experiments and I had the opportunity to go to Palm Beach Florida to sit at the home of Tony Robbins and ask him just about everything I've ever wanted to ask him and this is a very special interview for me this is the interview the conversation I've wanted to have for 15 years and now that I'm back in SF gathering myself drinking some what appears to be laughing coyote tea I have no idea what's in it could be all sorts of drugs psilocybin and I'm thrilled to be putting this out there for you because Tony is a fascinating character for those of you who don't know him he has consulted or advised leaders including Nelson Mandela Mikhail Gorbachev Margaret Thatcher and Mother Teresa he's consulted members of two royal families the US Congress US Army US Marines three US presidents including Clinton and other celebrity clients would include names you know like Serena Williams Andre Agassi Greg Norman of course the golf legend Leonardo DiCaprio and Oprah Winfrey who calls him superhuman the stat that always just sends my head spinning is that Tony has developed and produced five award-winning infomercials that's of course how a lot of people came to know of him and these infomercials have continuously aired on average every 30 minutes 24 hours a day somewhere in North America since check it out April 1989 it's just Tony TV out there 24/7 insanity this particular conversation is broken into basically three parts the first third of our very long conversation in helps me asking him the questions I've always been dying to ask him ever since I first was exposed to his material and I explained a lot of the background which is kind of hilarious when we get started the second third and the third third would and of course along the way we talk about his daily routines the types of questions that he asks world-class performers and so on the latter portions of this focus on what tony has been researching and and really teasing apart and analyzing for the last well several decades but especially the last four years and that is how do you master the game of money why is there so much financial illiteracy and how do you stack the deck so that you can win because there's a lot of hijinks and there's a lot of nonsense out there how do you actually invest what do you do with your money and it's a huge topic but he has interviewed and in fact coached some of the most unbelievable minds in the world of finance and investing I couldn't believe the list including people like Paul Tudor Jones Ray Dalio who's of course a a whiz in the world of hedge funds and the list is unbelievable Carl Icahn David Swensen who turned one billion into I think twenty three billion for Yale and some curious characters like mark dr. doom Faber Sir John Templeton Kyle Bass who became very very famous for in effect predicting and shorting the the subprime crisis or at least he made his fortune one of his fortunes in in seeing that through through the looking-glass these are these are the these the Navy SEALs the the the the top of the top and he has been able to ask them just about everything that you would want to ask them and a lot of what Tony's going to say is controversial or counterintuitive and no doubt you'll disagree with some of what he says but I guarantee you even if you don't care about investing you think you don't care about investing and by the way if you've decided not to think about investing that is a decision and investing I guarantee that if you listen to this entire conversation which I plan to listen to over and over and it's it has a lot of information that you will take away at least one or two things from Tony that lead you to say holy I've never looked at that aspect of my life that way and it'll turn things upside down and you will walk away with a completely different lens through which you can look at how you're living how you're handling your business and I think you will find tremendous value from this single interview so I will leave it at that you know I don't want to oversell it I will say that for me Tony can be an intimidating guy just in sheer size he's a big dude and he can actually pull my entire face and now we have a photograph of that that I'll share but I get into that in the interview he's also very seasoned pro and I have a lot of respect for him so it takes me five or ten minutes I'd say a let's just say 10 minutes to find my feet in this interview when we hit our stride then all sorts of gems come out and there's a lot of good material in the beginning but give it some time be patient listen to this whole thing it is worth your time so without further ado I think I've had too much laughing coyote tea here's Tony Robbins alright ladies and gentlemen this is Tim Ferriss welcome to another episode of the Tim Ferriss show I have a very exciting episode for you and a very exciting guest mr. Tony Robbins Tony thank you for having me in your home of all places I'm glad to be home that's a very much less to have you here grateful that here as well and we have many different topics I have many different questions I'd love to delve into of course I perhaps unbeknownst to a lot of my fans have a long history with Tony Robbins but not in person this is the first and for those of you who don't know some of the background when I first graduated from school and moved to Silicon Valley to chase the billions that seemed just they were being handed out in 99 I learned a 1999 they were in a way and I was driving a hand-me-down beat-up green minivan from my mom the seats got stolen from inside or at least the back so all my co-workers started harassing me and calling it the molester mobile and the job the company didn't seem to be a long-term fit for me and when I was on a road trip at one point I bought personal power may have been personal power too and I started listening to it to and from work on my commute which is terrible for those who don't know the bear if you're on 101 rows between San Jose and SF it's horrible and ultimately that was one of the catalysts for me starting my first company so simply touch that knowing all that you've done that really touches touches me completely cuz you're an inspiring character to me oh not before our work week is I don't looking for the four hours sleep week at this stage I'd like to be able to pull that one off but but really I think the way you attack subjects and that's what you do you don't look at them you go after mastery of them and the way you experiment and the way you constantly dig underneath to find the organizing principles I feel a kinship with you we're in different stages of life and things like that but I have Norma's respect for you and I don't feel that way about everybody I like everybody I don't respect everybody you deserve the respect because you go deep most people are really they're surface level and what they do so excited to chat with you and see what can come out this comes thank you for sure and I have of course a bunch of self-interested questions that I think will also be interesting to other folks hopefully but what's all impressed me about your entire career and the results that you've achieved is how far you've been able to take it in terms of working with say the top 1% of performers in the world and I read in your your new book which everyone should take a look at we'll be delving into it a lot more as we progress in the interview but there was a quote from mr. Benioff all sales force and who credits you with effectively if there were no Tony Robbins there would be no sales force.com would be quite quick to make I don't think it might have told me exaggerated but he kind of walked me through this it started very much like um ah on the freeway it's no good Valerie every day listening and you get these you're able to reach such a high caliber of individual when you meet with such people whether they're presidents athletes like Serena Williams Agassi actors like Hugh Jackman whoever it might be Benioff Scott was you know Tony said to me that the quality of my life was the quality of my questions so what I would be curious to know is when you meet with these top performers where do you start what are the questions that you ask them well I ask questions for I meet them the question I want to ask before I meet them is who are they what are they made of what are they after what's preventing them from getting it where their wounds was their deepest pride not in a negative way like what are they proud of how to find as much as I can in advance so that I can be really effective and efficient when I meet them when you meet somebody yourself myself the most valuable thing we have is our times I try to be beyond respectful of that but also I load my brain with all the distinctions I can so they want to enter into an interaction with someone more engaged I have a disproportionate amount of information ideas insights wisdom available to me and then I can react to what's really happening in this moment so I have what I think in advance and then I have what what the moment shows me and I I think the blend of that is really valuable because in the moment people can show up on all kinds of ways right you know something to show the meanest person on earth can be kind in the moment yeah the kindest person could be very mean in the moment right so I really I liked I liked to grab both those and then do when I meet them is I want to try and understand what is it that they really need not only what they want right because what you want I'm sure you've experienced this I have my life gotten what you want then you're like is that where is like what the hell because what really makes us fulfill human being is what we need and there's only so many needs so I dig under what the needs are I look at what's their model the world how they approach meeting those needs and every model has limitations and challenges mind yours anybody's and so that tells me before I even meet them where the real challenge is and that I listen for what the surface challenges and my goal is all the surface challenge but also give them more than they bargained for solve at the deeper challenge ultimately my goal is that they have a greater quality of life and most people I work with have an extraordinary life they may not realize it they may have forgotten it I know lost track of it unless I'm doing with somebody which I also deal with who's you know coming back from Afghanistan with PTSD and they got light sensitivity and they can't sleep at night they wake up in cold sweats and they're shaking while they're talking to me that's a different game boom you know that's something's got to be dealt with in a different way but when you're talking about peak performers their challenges are usually they're hungry for more right that's the nature probably people listening to this there's a list of Tim Ferriss there to listen for more it give me something beyond what everybody else is talking about and then you're always seeking to try and find that by not limiting it to yourself same as myself let's go find whoever's best in these areas and what I pulled together and let's find the organizing principles that codify this so I'm looking to figure out you know what is that more that they want and or what is it that's stopping them and then I I go into the experience and just absorb what's there and the combination the two is how I'm able usually get pretty extraordinary results but without the prep when most people know about me is the level of prep on you right like I can get up and my pinky do six days in a row without you know I know turning that nature at this stage that's not intelligence that's experience that's a 40,000 hours not 10,000 hours you know over the years but I still prep because I what I do is I activated my nervous system that knowledge base of what I want to be able to serve somebody with I try to bring that to the surface so it's readily available it's the difference between emotional intelligence and what I call emotional fitness emotional intelligence is the key intelligence is the capability to deliver something Fitness is the readiness to be like that happened so I am stood in being emotionally fit or being emotionally fit for that person in the moment and when you when you interact with people for instance Paul Tudor Jones because legendary investor in trader or Agassi or anyone who's at the peak of their game and suddenly enters a slump yes what are the commonalities if any that you've spotted in the best of the best who then cease for a period of time being the best of the best what triggers that type of downslope everybody's got different triggers there's some common patterns one pattern is doing so well that you go beyond your vision and you know it's the astronaut syndrome you know what do you do when you've you know you're 31 years old you flew to the top of the mountain right on top literally look back at the earth inside the picture we've all seen photograph come back shake the president's hand have the ticker tape parade okay now what he do with the rest your life right and so most those astronauts of you know their histories they went through some really tough times somewhere alcoholic some got addicted to prescription drugs and so you know in some cases that's why enter people's worlds as they've done so well they've called the market you know almost hour by hour or a week in advance and they made more money in a day than most people have ever dreamed of when everybody else lost their shirt and everybody want to know what to do okay I have done that now what do I do after I've called the market during the worst day in history you know most people lose momentum men or they get distracted because it's like we need something to go for we all need what I call a compelling future something that will get us up really keep us up late and excite us the least nature of a high performer and if you don't have that life feels very dead for those people and so you know be present eight states and ever Bill Clinton spanked me I was with him in Aspen and I was there a fundraiser and asked me to come visit him and they threw me in the cards come down the hill with me was on those serene moments in the lights of flash and would come down Red Mountain and Aspen if you know the area and he said crossing me that's right after the blue dress incident to come out and he's a Tony and it's just like I'm still so young he said you know what am I gonna do when I leave you know what I'm gonna do my 50s that's the wildest thing as if I were you I get the hell out quick because he's talking about you know I've run a third time if I could I was teasing him about it but he found a compelling future bill cuenta de as something even greater in his life that he's going for so the slump shows when people outrun their vision or the slump can show when they meet their vision but it's not fulfilling or the slump shows when people just end up developing some patterns they're unaware of that cost them and this can be so such a small thing with an athlete that can occur and sometimes it shows like a Tiger Woods when something happens in their emotional life and while they try to say I'm an athlete here and I'm a human being over there they don't separate and so what I got to do in those situations regardless of what triggered it is I've got to come in and get them to re-enter in their nervous system what made them so effective and you understand Milan the idea that the more you do something the more you why yourself it's like the myelin of the white portion of the brain it's almost like using if I do something over and over again I literally wire myself with this myelin I'm it's like having high-speed you know cable in there whatever the appropriate I don't know what it is anymore high-speed really is these days the proper term but versus you know having dial-up if you have something opened over again you can process so much more rapidly so I will find where is that myelin and that person what specific pattern will hook them back up again to that part of their brain where it's effortless to that part of the brain where they in state and they don't even think you know Andre Agassi was decades and decades ago you've been number one in the world and all sudden he dropped I was number nineteen or something at that stage it's like 90 91 92 whatever it was and and nothing worked and nothing worked because he kept working on his swing and he kept working on his wrist and he was really upset with his father who was his coach there was all these dynamics going nobody wants to talk about he was actually the point he chaired later on but he was thinking about quitting you know playing the game this is really early in his career and you know he's gotten injured and Andre is very frustrated and Brooke Shields brought him to me they were just dating at that time and said I don't need positive thinking he said you know what you know Tony's not positive thinking he's going to show you these strategies so he comes to me I sit down with him and I said I said Andre he's telling me about how he's doing this I said think of a time he hit the tennis ball perfectly I said don't think about go to it I got him in state got him cut in that place where the my lens being fired off and then I said to him feel that you feel that yeah gelsen were you thinking about your wrist this is no I said how the hell would you think you would ever get back to that people are focusing on your wrist right so I've got to get them back into the pattern that made it work and then oftentimes I've got to help them resolve some other issue that's distracting them that is something else in their life that's pulling and pulling them apart from peak performance his story is an amazing one open the autobiography is one of the well I've ever read that's why it's such a fantastic book just looking at the longevity of your career the the scope and scale of the Tony Robbins Empire so to speak thus your endurance has really impressed me and so I'm wondering after these decades what are your some of your daily routines for instance what do you typically eat for breakfast it's up to you yeah I have salad and fish it's like standard I'm boring as hell because I just know it's fuel yeah um that now I before I met my wife we've been together more than 15 years I was completely anal I was like I met chocolate I had a net ice cream in like 15 years right I was just just crazy and then she came into my life and I forget I thought god this woman's incredible she's a phlebotomist she does the blood she's an acupuncturist she's a nutritionist having these green drinks and we had this lunch and that's where she ordered a hot fudge sundae and I got what and the hell are you doing just living you bastard so she loosened my ass up just a bit because I loved her so I you know she calls it zigging and zagging we Zig zig zag and then she zags or we zag and when I was first with or is like your Zagat we were traveling through Europe you know Rome Italy and you know various parts of France south of France and it's like you know you seem to be sagging every day it was well I'm on vacation and then later on we were traveling some I said you know the problem is we're always traveling so the girl is on vacation but she said is how a great shape but I am fish fish and then and salad I'm I'm a high greens you know protein type of guy very low carbs and my but my regimen is I start with something to strengthen a jolt my nervous system every second day I well sometimes he's into and I'll go in the hot pools and I'm fortunate that multiple homes my home and Sun Valley have natural hot pools that come out of ground to steaming hot and I go on hot pools and then I go there in the river here I go in a 57 degree you know plunge pool that I have and I put every home I have every Sony agent immediately upon waking and waking up it's just like boom every cell in the body wakes up and it's also just like training my nervous system to rock that there is no I'm sure how you feel this is how you perform what's what you do even when a big vacation I do it it's just I don't know now I like it it's a I like that that simple discipline that reminds me the level of strength and intensity that's available any moment even if I'm relaxing I can bring that up at will its Milan I also have a cryotherapy unit all my films are if you've tried crowd therapy I haven't you're it is uh maybe you could wait a minute I can I can put the two words together and I probably get my god but all that you do you're gonna love this I'm surprised I'm glad I'm teaching Tim Ferriss up adventures I'm not the first time I said suck I smell sucked recipe I'm on stage in a weekend I do mind at least I was in program three days it's 50 hours yeah you have been to then I gotta come as my guest on events um I would love to the but I'm gonna give an idea people won't sit for a three-hour movie that somebody spent 300 million dollars on and I got like Usher Oprah going on you know Tony I love you but two hours most like you doing 12 hours later you know Oprah's standing on a chair going this is the most incredible experience of my life on Cameron I should like dude I'm in for all three days but for me one of those days alone I wear odometer and I'm Fitbit that's 26 and a half miles on average Wow we start at 8:30 in the morning I finish at 1:30 or two there's one one-hour break people can vote with your feet no one leaves you know there's on average 20 minutes of just crazy ass standing ovations music stuff that happens the youngest people are just it's like a rock concert it's so much fun but the wear and tear of doing know basically marathon after marathon at the marathon on the weekend and back-to-back it's pretty intense and so over the years like the inflammation my body the demands I've had do everything to kind of reduce it nothing has come close to go out there but cryotherapy was developed in Poland and eastern Germany and the Eastern Bloc countries and what it does is it uses nitrogen so there's no water and unlike an ice bath what you're doing to get spasms and you've got to do and still write you're a boxer you're a runner you're an athlete which is what I would do before hated them there's no none of that process but it reduces your body temperature to minus 220 Fahrenheit and you do it three minutes and it's mind-boggling I'm in fact I happen here and I'll throw you in at the end if you want not as we love to dance I have a unit here I'll go for it but what it does is and I do about three times a week usually not and when I come back from event I do it you know a couple days in Rome and what it does is it takes all the inflammation out your body and you know what inflammation does to every aspect the body in the breakdown but it also it's it sends emergency signals to your brains like resetting your neurological system because your brain going you're going to freeze to death it sounds horrific it really isn't you'll find out it's not that painful going in my cold plunge a 57 degrees feels more jolting than this does even that's cool even though it's colder because you know the fluid of water versus the nitrite is different right the comedy the conductivity exactly right and so but what happens is your nervousness gets a signal so it's like everything your body connects because it's like emergency every part is a reset of your nervous system you get an explosion of endorphins in your body which is really cool so you get this natural high you feel this physiological transformation and you get the reduction of inflammation what it was used for originally is for people with arthritis and I found my first one because my mother-in-law was be calling up and she was just crying and pain and no medication was enough for her and I hate somebody medicated anyway and so I started doing this research and it just started come to the US and now the LA Lakers most football teams that it's spreading like wildfire amongst the sports teams and so that's where it took off so I went got her one and I mean took her I think three sessions and she's out of pain and now there's no day she's in pain now most people can't afford to go by unit but there are local places now they're popping up all over the United States where athletes go where people go where people go for adjuvants amazing to the skin but it's one of the great things I got at first I got it for me and then now I'm addicted so I've got one every three minutes what type of unit do you know the actual model and Brandi oh yeah there's two them the best out there it's was a Java junkie Ju and ka I think it is I'll get it for you my ground stairs and I'll put it in the show nets for the everybody wants to do it but also like if you're in LA there's there's a place there on I'll give to you putting your nails couple of locations there there's some great guys I'm getting another unit this is brand new home so I'm building a you know an additional guest house and ditional slides can and so forth I'm going to eat it though that's better this one it just goes up to your neck and but I'm getting one that encloses you a full room and the reason is about 70% of your Nerf's receptor so from the neck up so when you step into one of those it's even more powerful but I do not undo much unique or different with my life I believe entirely I'll keep digging but the so you have the either the sort of contrast therapy that you mentioned the household the cryotherapy yes you have salad and fish yes out how far after so what is if you were to kind of speck out the first hour of your day well the first the first everyday I do the water I take in the environment and then the first thing I do for I do anything else my days I do what I call priming and priming to me is different than meditating I'm never really a meditator per se I know the value of it but the idea for me of sitting still and having no thoughts just didn't really work out for me I was just a pain in the ass and I just thought it's not natural right is like that's what works but when I'm in nature I feel that for meditation when I stand on stage and someone stands up and my brain it's done I only know what it is but person suicidal I've never lost the suicide for example and you know 37 years not going to what does it mean I won't some day but I never had a thousands and we followed up with them so it's like there's something that comes through me and it's and it's quite meditative it's like I experienced it as a witness you know afterwards it's one of the beautiful gifts in my life so I know that meditation um but for me we're planning is if you want to be have a prime life you got to be in a prime state and you know weeds grow automatically I don't give a damn what it is it might teach Jim Rohn just to say that and so what I do is I get up and I do a very simple process I do an explosive change in my physiology I've done the water already right cold hot then I do it with breath because I know you know all forms of Eastern meditation all understand that the mind is the kite and breath is the string so if I want to move that kite I move the breath so I have a specific pattern of breathing that I do I do 30 of these breaths and I do him it three sets of thirty that creates a profound physiological difference in my body and from that altered state I usually listen to some music and and I go for I promised myself ten minutes and I usually go 30 and you get that misremember sitting I know I do it all of this one room is where I do it this has got a great vibe I'll do this one I do it at night I usually will go outside cuz I love the wind on my face and I love taking the elements and so forth but I do it multiple places I'm on the road I do it doesn't matter what day only that I do not miss priming the reason is I'm not but you don't get fit by getting lucky you don't get fit by working out for a weekend you know you live your life that way fitness is because it's becomes just part of who you are so what I do during that time is I do three simple things and I do it minimum ten minutes three minutes of it is just me feeling getting back inside my body and outside of my head feeling earth my body experience and then feeling totally grateful for three things and I make sure one of them is something very very simple the wind on my face you know the reflection of the clouds that I just saw there but I don't just think gratitude that like I let gratitude fill my soul because when you're grateful as we all know there's no anger it's possibly angry and grateful simultaneously when you're when you're grateful there is no fear you can't be fearful and grateful simultaneously so it's it's a I think it is one of the most important power emotions of life and also up to me there's nothing worse than an angry rich man or woman you know somebody's got everything and they're pissed off when it's right only high number that it is because they they develop a life that's based on expectation instead of appreciation agreed and I tell people you want to change your life faster than trade your expectation for appreciation you have a whole new life so every day I heard that in and I do it very deeply emotionally then the second three minutes I do is a total focus on feeling presence of God if you will however you want a language that for yourself but this inner presence coming in and feeling that heals everything in my body my mind my emotions my relationships and my finances I see it as solving anything needs to be solved I experience the strengthening of my gratitude of my joy of my strength of my conviction of my passion and I just let those things happen spontaneously and I focus on celebration and then service because my whole life is about service that's what makes me feel alive so I flood myself with that with a breathing pattern that I take that does the opposite takes the breath down through my body and back up again and then the last three minutes are me focusing on three things I'm going to make happen my three two three and I have some big things that I'll do and sometimes I'll do things that are smaller but I see them filled and experience them so it's a really simplistic process ten minutes but I come out of it in my power it doesn't matter if I had two hours sleep I'm now ready you know it doesn't and I do this even I have no sleep that's how committed I am as I say I've always said there's no excuse not to do ten minutes I mean if you don't have ten minutes you don't have a wife right and that's how I got myself to do it and now that I've done it you know twenty to thirty minutes is almost always what it is because it actually feels extraordinary and where can people learn more about the breathing pattern or could you describe it I'm putting a link on why because I just started to share this just recently and I'll get it for you I don't know what has not taught me yet but they'll be up shortly I think this week okay awesome and I'll also put that in the show notes guys so that's just for our workweek comm forward slash podcast and you'll be able to find this episode only I have to ask what type of music do you usually listen to well I have a variety but for that meditation I have one in particular which is a oneness meditation that a friend of mine made it foods from India that I find really profound as no singing and anything like that is just the sound of a vibration that's going on and I just love it but that's what I'm doing currently in the past over the years I've used all kinds of different piece music but I don't use modern music or pop music or rock we I just have to work out you know rap I know it just feels weird to be doing rap while you're meditating but again what's Dubin is I don't leave this meditation because I look at it as it's the priming courage love joy its priming gratitude it's priming strength it's priming accomplishment it's priming you know when I'm doing my gratitude piece I'm doing the circle of who's closest to me and you know circling that out to everybody I love and sending that energy and healing out to them as well so to me that's if you want primetime life you got a prime daily well I like I like the term priming also because I think that most people who struggle with meditation or even attempt to use meditation are utilizing it for that purpose they're doing it first in the morning and you know when you said if you have 10 minutes you don't have a life right of me of something that Russell Simmons said to me which was if you don't have 30 minutes to meditate you need three hours and I don't always do 30 minutes but I do meditate in the morning and it's been a canary consistent pattern through among all the people that I've interviewed so far on the podcast really practically a hundred percent well that's one uh and of course we'll get to Ray Dalio but yes also very avid meditator he's coming with me to India in a couple weeks well that'll be an amazing for a week of this experience oh mazing so the when people hear the name Tony Robbins I think many different people have different assumptions or images in their in their heads what are the biggest misconceptions or the biggest misconception about you oh my god tell you so many right that's how you talk to you know when you've been in the culture at any level for any period of time people put their projections out to what you are and then also you know I didn't help myself I did infomercials at a time but you know I didn't want to do infomercials there's just I had these insights and skill sets and I didn't have it if I was a great singer which I'm clearly not there was a distribution channel right I could do that if I wasn't bullshitting myself I could rock the world but in my world was write a book which must be put on read go do some speeches so I looked around saw these silly-ass infomercials and I said these guys are a disaster Tommy vu come be on my boat watch me get these women and I'm rich and I'm like oh my god it's disgusting so I thought you know if you really did something that was real and the kind of people I reach you know I'd like to pay for endorsements they'll do it you know maybe people start to understand this is real and maybe they help me reach people and it did it got me Bill Clinton that got me prince panat got me I got me a pretty amazing group of people Penn State but also you know my the company keeps so when you're between spray-on hair and you know you know whatever it is you make diamonds but you know then you you know you've seen as that and also I talk fast I'm a passionate son of a and so I'm not talking about shows I'm dressed cells I'm talking about cuz my brain functions that speed right that's how my brain goes slowing it down is just so boring to me I brought the faster I go the stronger my brain becomes the quicker I come to solutions so you know when I'm most excited I want to serve people it speeds up so that helps when you've got a room of people where you can move and modulate that energy but when you're seeing somebody on TV and they look like they're crazy sombitch in their six seven and they got hands big than your head you know you start going you know who is this guy with the people that have actually like yourself or Marc Benioff or you know President Clinton or whoever who you know actually entered into my work once they entered in my work they go oh my god this is very difference I think most people think in a commercial guy or salesman or a motivator I mean I hate the word motivate is the bane of my existence because I've never been that I've never I don't believe you should just go pump yourself up I believe in intelligence I believe see things as they are if you can see his yard you can't lead alright but don't see it worse than it is you got an excuse not to try that's what most people do they make it much worse than it is because they're afraid of failings they come up with a reason why a story why it's not there and I don't tolerate that I'm not the guy that says there's no way there's no weak something I go let me show you the goddamn weeds aren't less police every is out right now stop bullshitting let's do it you know I'll do it with you that's my approach I think most people think it's a public approach because you know the media sees 10,000 people in a room and they're jumping up and down and you know you know what is this piece so that's because I believe that learning that the I believe what I do for people at its essence when I do events is he cubed them EQ biz I entertain them first because people in our society want to be educated but they'd much rather be entertained so if I can rock you and get you to have an experience where you feel fully alive then and doesn't matter who you are you're you know you're from any stage of life any socio-economic background then I'm gonna I'm gonna I'm going to be able to have your education go deeper and then so that's the second part I give you the best education the best tools and the third one is I empower you while you're in this date I get you to do things that you won't forget two things that will be in your body do things that create momentum so I think the misconception at least my perception is they don't realize I'm really a strategist I mean I consider you a strategist and I know your inspirational everything else but being inspiring is nice you know it's like motivation is nothing wrong with it it's like warm baths you should take one or you stink you know but but but that's not enough that's never been what I've been about but you know most people in our society our interesting days like if you're looking to improve yourself people in our world think that's natural the average person's like what's wrong with you I remember I had the I took a company public when I was what 39 years old had really wonderfully had 40 million bucks extraordinary and the man who ran my company been the former CEO of CBS brilliant guy brilliant guy Peter and Peter at one point while were in the midst of this company he said I want to go to Harvard I want to take this extension course you know very wealthy guy but head of the largest networks in the world and now heading up my company and I remember three or four people like well it's a matter why is he doing that he lost his agile it's like versus life is growth baby if you don't keep growing you're gonna die I didn't you know but those people are afraid of the unknown they're afraid of I'm not looking good I'm afraid to fail and so that creates a challenge but so I think the answer question is they don't know I'm strategist they don't know how much I really care they have no clue the depth of what I teach or the diversity when I teach subject your body your mind your motions relationships your finances they don't know the real impact or they don't know who I really work with you know the assumption is he's taking over weak people's minds and pumping them up and giving him all systems upon them that's crazy but but I'm not here to try to dispel that what I try to do is the reason I'm still here is the more people you touched the more you reach I don't have to do that the people have been through my events are the greatest people to balance that out in social media it's been really wonderful because people say well this what this guy isn't twelve other people go you've never had experience let me tell what this really is about that's really been a wonderful handsome it to my ability to reach people with social media no I just to reiterate something you said about inspiration being necessary but not sufficient I think that like you having the label sort of motivation or motivational speaker applied to what I try to do is very frustrating because one of the things that differentiate with that label of YouTube oh yeah I don't know it's just an easy label to throw right now it's like what else it's like well I'm not going to read the book so I might as well find a label that I can understand and you know I was going to say at least you get an infomercial but at least you weren't selling the 4-hour workweek on those infomercials you have twice the level of hell that you already get but the the the the difference in your material because I really want to better myself when I was hitting some very rough spots in my first year out of school and the difference between say personal power and a lot of your other material including the new book on on money and finance and investing which you guys at some point I'll try to share some of it with you but I have I would say probably 20 to 30 printed pages of notes in Evernote well just on just on I still have about 50 pages left but it's it's a big book we'll get to that I was calling giving you a pat on the back it's like Oh another 600 page book I know how these go but you give very tactical next steps at the proper time so you you you do sugarcoat the medicine a bit by getting capturing people's attention and not to make this Glengarry Glen Ross you know AI da but you you have to have those elements in the proper sequence or you can't elicit action from people that's right and that's something that you've got huge you've been very influential on my teaching which is how I would view my writing because of that model and so if you look at say the 4-hour workweek is one instance the reason that I have these comfort challenges at the end of each chapter is because I know I'm going to have big asks later and I want to condition people yes to take action I think that your materials it means some of the best in the world I've ever seen in that asset II I want to say some of what you said because it's really important and you're the few people I've heard actually notice it and I've noticed it in your work and I just I didn't know what influenced by me anyway I'm complimented by that but I think you probably got there on your own just by the nature of your thinking the dog bit Johnny Johnny bit the dog same exact words different syntax totally different experience specially if you're Johnny and people don't realize it sometimes when they think on thirty pounds overweight and I'll never get this I've tried everything or I've you know my knife on every relationship sucks you know how do I end up with men or women like this or you know this is my third business and I'm still not there and I'll say that's going to happen they don't realize that victory is near and the reason is it feels like a million miles away and they're doing the right things but at the wrong time or they were doing the wrong things you know they're doing the right things the wrong sequence you know I mean so there's timing is so and I want some of you and I know we can't control some of those freaking luck but the more you study how things grow or the bee organizations or human beings or families or communities or the way in which people you know study ontology or study of knowledge there's a sequence it's like I know somebody's phone number and I dialed the wrong order I don't reach them but I do that same exact ingredients the right over and that's what people need very often often they just need a slight twist and they don't know it and they give up and so my part of my passion is to help people find that two millimeters you know that little tiny shift that changes it all one of the people I have these people that I've coached over the years that are the best in the world at what they do and and I'll take on clients who I think by touching them I can touch in mass number people that's I start with Paul Tudor twenty one years ago and it's turned out really well with his Robin Hood group growing image giving away a billion to over this time and the impact that's had but one of these people is one of the top two even idea facial surgeons in the world and I remember want to go see him one day for one of our sessions and he was late and I'm waiting and I'm no problem I'm busy and the nurse says he's gonna be a while she says he said dr. Hoffman said why don't you come in and watch I said wow love that so you know I get all scrubbed off the whole thing come in he's got rock and roll music in there and this guy is like an artist and a scientist mixed together the most powerful blend with a giant heart and I go into the music's blaring hey Tony hey he won't watch this he cuts his like it lifts this woman's face off I felt a little state change and that's my god you know I stayed around for a few minutes just you know to put up that I can handle this and I said you know I got a few calls I got a fake so I go into his office just use my office make a call so I'm recovering in his office here a basket and they're using uh I'm not a squeamish guy without was I just wasn't prepared right so I'm sitting his office and he's in front of stage of life where you know this is a guy that sultan of brunai paid two million dollars to fly him over like 15 years ago 20 years ago to do to his family's faces this is a guy that anybody in Hollywood who had the money he's in those days there's no but him the best on earth because he mathematically figured out how to trigger beauty by what you and I would call sub modalities like I'd Chuck a shorthand for you an NLP term right those little triggers in the visual triggering device that effect kinesthetic change in human being and so I'm sitting at his desk a he's got this manuscript so I'm curious and then he was working on and he wants to finally teach other surgeons because he sold is one of just himself anymore he wants his material not to die and he's got a hundred and maybe 150 pictures the most beautiful in the world the last twenty years across culturally around the world stars movie stars different countries they've got the same thing for men and then he's got his drawings and he showed that just ironic he goes through these shows that he makes no more than seven changes ever and the biggest change he makes is two millimeters and yet I saw an 84 year old woman look like she was an early 50s and gorgeous and that's all the changes he made on her I'm telling you it's mind-boggling and for example he knows that the measurement of the pupil of a woman's ID you measure that size and you measure the distance below your nose to the top of a woman's lip is for only for a woman if that measurement is smaller than the people there i men when they look at this woman's face are driven and sexually attracted to her if it's the same size of people there's attraction if it's just two millimeters more she has an average face if it's more than two millimeters more her face is what he calls but as ugly that was a technical term used at that point but so when I taught whether this like start measuring their eye hits them so he makes this little change and it creates that puckered feeling that men don't even know why it's instinctive it's just a triggering device that's instinctual them so he knows the seven he knows the two millimeters and of like you take somebody 8450 and looking pretty out high and maybe up to a twenty role put a 30 or 40 or 50-year old certainly mind-boggling so I've always like it's like golf right you know two millimeters the difference between you know shanking way over here I'm putting it on the green so that's the whole thing victory is near but you've got to know that very often syntax is all that has to change there's nothing wrong with you there's nothing wrong with the core ingredients got a sequence of different yeah so you mentioned a few things the first is that hand bigger than someone's head or face I think that for everyone listening at some point I would like to see if you can actually palm face and I'll put that out on social media cuz I'm pretty sure that you can and I'm sure everybody would love to see they're probably a lot of people listening you don't like me very much I would like to pull my face so Tony will step in for you later the I'd love for you to mention a little bit about the new book and just sort of a very basic overview and then I have a bunch of specific questions because this is the first book in 20 years where's 20 years and I've read pretty much everything that you've put out that I'm aware of yes and I guess part of me thought a few things when I saw that this book was related to to money and also referring to it as a game in some ways I thought number one what hasn't already been said there's so many books with the problems there's so many books on money and I think that perhaps undeservedly so I feel like I understand a lot as it relates to investing and money and I've read David Swensen I've read about his allocations I've read the annual letters of Warren Buffett I read the letters to shareholders from people like Howard Marx or other hedge fund managers I know some of those guys so I saw a couple names pop up that I recognized and I was and you send the very beginning the book and this is I've tried to do stuff like this in the past so I realize how hard it is you're trying to write a book that the the neophyte someone who's never taken their finances seriously will derive a lot of value from and yet at the same time you say even very sophisticated investors will be able to get a lot out of this book and I thought to myself well boy this is really talking a big game and uh the I mean the interviews at the end of the book alone are worth magnitude of order more than the book itself me about Bogle you've got Ray Dalio who runs that believe it's still largest hedge larger cells from the world largest mutual fund with Bogle Arts hedge fund with Ray Dalio a Carl Icahn who's you know Time magazine put him on the covers master of the universe this guy that sends out one tweet and Apple goes up 17 billion in an hour that's up 50% I was out use that do it and today I don't know if you saw Carl's quite a character ya know that two things one coming what you said that's the challenge I love when I do my business mastery programs I bring people in from usually somewhere between 15 and 30 countries I translate four or five languages there are different financial systems but business the psychology and the strategies of business it's a worldwide game yeah and as I bring people in there that are brand new they come in like just start a business and you got people in there like home acts largest home builder Mexico is when my events you know a billion dollar business and I they credit me with seven or fifteen million dollars increase in two years I was doubling the business and I take this chiropractor or this dentist you know an army of three and so I'm gonna W business in six months so I love that challenge of how do you get both and it's not easy to do area that's far I think we pulled it off and pull it off primarily because of who I not me doing the teaching it's me going the best unearthing getting them some you only the same thing um you know people said why did you write a book in 20 years and how you've been doing well about every four days I'm an airplane I see a quarter million people a year in 15 countries that's what that I'm doing and I love I live for that environment the rawness the aliveness the every moments on the stage you never know who's gonna stand up you don't know what the challenge is gonna be I mean that feels alive and also it's just real and it's now and if it's not working fricking change it who cares but I got to write this I did 20 years ago I'm sitting still and I'm at first oh well makes me crazy and then number two you know you took like my hands my music my voice my face my intensity and now I just got written words which I clearly might have skilled that but when I conjugated I am but I also go this is immortal I can't improve this you know it's like what you write the it's done so I've avoided it like the plague and then also most people don't read frankly yeah it's true they read blogs you know it's like most people I can see a generation looking at this book it's 600 in what 30 pages right but it's these seven steps so you can do a chapter a day thirty days you got a different financial life that's work you're crazy like what you'll do in the weekend you know but what's interesting is they'll say you know why don't you put this in a blog you know why don't you put this in an infographic mastery doesn't come from an infographic what you know it doesn't mean yeah what do you do consistently and you got to go through stages of understanding intellectually which anybody can do but you got to do and you got to get word there's nothing emotional intensity attached that understanding that you actually do it and you got to get enough consistent vocals that gets in your body not two feet about it it becomes who you are and those stages of mastery require it's like I I took Taekwondo I didn't want Taekwondo I wanted to learn Aikido because I was a beautiful art you know and I like the idea they have to hurt somebody ten people attack you at once and it's like wonderful heal so I learned some Aikido but I had the privilege of being exposed to grab Master June Rhee who brought Taekwondo to this country any trained Muhammad Ali and he trained Bruce Lee and his back you punch and so forth amazing history and a beautiful man like the most happy human being ever meet and he loved me and what I did was touched by it and he said would you like to do this and I was 23 24 so I said yes but I must get my black belt fastest time in human history and you must come travel with me we will do this every day I don't like you're insane all right I read your book in two days it's like completely insane so he came and I finished being onstage at midnight or 1:00 a.m. and then I had to go train from 1:00 to 4:00 and then I'd sleep from four to seven thirty three and a half hours four hours sometimes dey'd if I could squeeze it get up and do my next day I didn't ever you know nine months I did get a black belt legitimately in the shortest time history but I hated never want to do it again but I'll never forget I was doing these moves and it's like she is 4:00 in the morning I'm doing the same freaking move and I've done over and over and over again and I said mystery I said can we go to the next move and he said grasshopper this is the next move it on he started laughs he goes the fact that you think this and this is the same move is why we're still doing it it's like I like but you know what it was really true so I'm into mastery and so what I really want to make sure happen with people is that that we got them to that place and when I went to Simon Shuster there's a crazy thing so I'm doing these events alumnus I'm she's been begging me for a book for decades a huge contracting that bigger and bigger and I said only the money I'm not doing with the money so they finally came back and I what triggered me is I saw this documentary called inside job yeah great yeah Matt Damon did the audio on it and it won all kinds of awards but what's happened if you didn't see it I really recommend you see it but I do want to prepare you at the end you're either extremely pissed off or you really depending upon your personality and I was pissed off because they show how a small number of people basically put the entire economic world at risk and and when they put us near imploding the punishment for that was to reward them by putting in the charge of the recovery printing more money and then taxing everybody else on earth and giving their money back just my it's the greatest thievery that's happened in human history and so I thought this is making a because there's no solution and I thought there's got to be a solution I thought you know well I got access the one thing I got access because I call you know coach Paul for 21 years and I mean he's never lost money in 21 years and mine Bobby his company's never lost in 28 years I was brought in when he's having a tough time to help take things to the next level and I thought I know these people I know this process what if I took with the ultra-wealthy nutball out and brought it in so I think I got this great strategy but assign Mystery's wanted book forever the first thing he says no way you get tell me know your Tony no you know Jonathan's your brain man turn to carpet study you don't want to do this he goes people are dying for a book on peak performance for you're dying for a book on anything but not finance this this category is a dead carcass is what he said it's been picked clean sandbender sailer I qur'anic like so did the head of the financial division he goes there's nothing new to say I said that's because everybody's attacked the same way I'm gonna go to the people that know nothing platitudes of the same BS he actually offered me a larger advance to not new financial book and I said what I'm not doing it for that I'm in for this book and so now he's really through which is really wonderful in fact the head of that division came back and said he said I really thought the categories dead I had the division he goes this is a wife so I'm real proud of it but I think what's great about the book is there's not a word in there that's coming from me on the financial side I don't tell you my opinion who gives a with my opinion is I want to write values opinions owner Jack Boggs man I want no car likens but no no no it Mary Callahan Erdos who's head of JP Morgan and manages 2.3 trillion with a t I want to know her opinion when it comes to the emotional psychological side yeah that's my baby for 36 years those big nerds are clearly mine I'll stand on them so I'm real proud of what it is and I think anybody reads it will be touched and I wrote it to empower readers of all pipes but I also wrote it because I was looking thinking about a vehicle or writing another wrong in my opinion I think the system is clearly you know guys you know if you read Flyboys or you talked to Michael Lewis or anybody like and they'll describe to you how high-frequency trading today is so extreme we've all heard about it but it's just so extreme it takes 500 milliseconds for you to click on your each trade and say I want to buy the stock of Apple and you got guys that have spent a quarter of a billion dollars to straighten lines with using Chicago New York so they can save 1.4 milliseconds and they're going to trade hundreds maybe thousands of times they know you're going after Apple they know what to do to make money little micro profits one of the H of T groups was going to go public last year said into their filings you know how many losing days they had in four years and you're not one one losing day in four years it's front-running so the system's rigged but even though it's rigged you can still win that's why I wrote this book I want you you can still win and here's how to win and here's the people showing you how to win so I want to write that wrong I wanted people to have an advocate but I also I'm pretty passionate about take care of people as society's forgotten and I decided in Italy I wanted that like raise my game they they cut eight point seven billion dollars in food stamps last summer most people didn't notice it it's equivalent every family who's being supported going without food for one week out of the month for 12 straight months and I've been supporting I've you know my family was fed when I was 11 years old I had no food family this man came by and delivered a turkey and food he was just the delivery guy changed my life and made me believe strangers care so I cared about strangers I've been paying it forward and I've said 42 million people in 37 years this year I'm going to feed 50 million people and myself personally I'd started what I'm gonna dance the book I'm gonna I'm gonna wait and sell books and see how it goes I'm just gonna dance all that was like well I want I don't want to do ten nine hundred twenty million to thirty so now I'm doing fifty million and I'm getting matching funds I have feeding America delivering the food and I'm getting matching funds targeting a hundred million people this year alone and then I'm putting a system in place to sustain to sustain that so doing this book has been opening up doors to thinking larger because when you're sitting with Carl Icahn and he goes yeah I just closed the deal today I made two billion dollars two billion the day I was there after only 18 months of investment where he put anything every start was a small number in net finet flex yeah I made it that day and he's now putting all this money in a polito's you know does it little tweet and 17 billion of value goes up right away or you're sitting with Kyle bass who took 30 million and turned in a two billion to two years in the middle the sub-prime god you know crisis and again tell me that's like holy cow I mean I started learning things which it changes the scale of your thinking so I'm babbling here because what I want people know is two things yes I think this truly if you give yourself the gift of this book it's a category breaker but it'll show you step by step but I go where you where you want to be if you're highly advanced you're going to learn out of the 55 plus say 50 but is really 55 plus Nobel laureate self-made billionaires henchmen guys biggest in the world I put the 12 biggest in the book and you know I wanted these guys with a the promise of a 45-minute interview of my average one was three hours so I know how you functions I do the same thing but what was really cool but it's like you don't go with a Carl and I get there with Carl the first thing he does is he throws the video crew out it's like Carl what's the deal I never met her before he's like no I said I just changed my mind like okay how did you leave you will do the audio no I don't what the audio no I want to do this interview take your pencil and your pen here get over here and I said I'll give you ten minutes right and you know Howard your friends and it's you know three hours later I'm out you know pictures of you his wife then you know and he said you got it really you got a way to help change this world you know at any doors of the book and supports it so I want people to know that this has been a four year journey of going to the smartest people on earth and finding out the vast majority of them are incredibly genuine and wanting the average person to do well they just didn't think there was anybody who could translate and when they saw that I could and I could pitch and catch with him because I knew eighteen hours of prep before I sit down with Ray Dalio they won't want to share things that they've never shared before it later on me we can talk about what I learned from my dad it was pretty amazing oh yeah no I do want to talk about Ray and fascinating guy I mean I'm so fascinating at the entire world I mean whether it's and there's so many different breeds this is something I want to talk about but you have say the Paul Tudor Jones for those who probably haven't ever seen a very old I think it's available like bootleg VHS called the traitor yes is an amazing old documentary you can find it I but you can see his style versus say you know the high frequency guys or a renaissance yes at all PhD is right outside of wall street's but and once and then you have the the Ray Dalio types and all things in common if you look a lot of different strategies if it's summer let's let's let's shake the tree of the corporate guys and make sure we get more value out of it right now Carl you know and some guys are like Templeton I got dated him multiple times for he died it's like wait for it you know the bloodletting no one the streets that's an advice on the streets but it's like when maximum pessimism hits that's when you make all your money that's what he did and then there's the guys like bold which is it's the index baby and and Wednesday's even more above it it's the index baby so they hope you approaches but what's in common I think is I tell you four things I thought stood out and one is overly simplistic and that's why people don't pay attention to but these guys pay attention to it they don't lose half the Pico linking is not losing and they are obsessed every single one is obsessed they're not losing money I mean a level of obsession that's mind-boggling and it isn't just these investors you know Sir Richard Branson for example you know people see Richard and he's such an outgoing playful crazy guy kind of introverted that's hilarious but when it comes to athletics and taking on challenges he's out in the world but you know his first question every business is let's the downside now I protect it right like when he did his piece with virgin I mean that's a big risk and start an airline he went to Boeing and negotiated a deal they could send the planes back of it didn't work out he wasn't liable without the lovelies guys think that so they look to see how do I not lose money first because the average person has no clue if I lose fifty percent in 2008 well guess what you got to make a hundred percent to get even not fifty percent because your principles gone down so I should have like people don't understand you lose 60 percent it's two hundred percent to get even and so the average person you know lives in a world where they try not to lose money but they're not obsessed these are obsessed second thing you all have in common every single one of them is obsessed with asymmetrical risk/reward which is a big word it's simply means they're looking to use the least amount of risk to get the max amount of upside and that's what they live for so I'll give an example Paul Tudor when I first went to do the turn around when Paul was having some challenging times we broken his leg you know think about this he did better than anybody in history of the world during the big stock market drop in history literally and then he went to the mountain he went to the moon now what and so lost a bit of the edge and you know got involved in other things and so forth and now he's got a broken leg he's not going the office I got to come inside and go watch that film it's first thing I did I will light tennis shoes I wanted to go see everything about him and study his physiology the way he used to move this guy's not moving at all what his face was like I would breathe tone of his voice what were the physical strategies what were the psychological strategy or the financial strategies I got to go you know to Druckenmiller and Soros I mean the word got access to vac that was unbelievable see what was he like then to put the Planum together to do this turn around and when I started making those shifts in him and you can see the shift happen immediately they got really exciting I got hooked on what was going to happen so as I did this same process basically guess what I was triggered I'm think about do things once I did the same process during these interviews I didn't just look at the trading strategies I looked at the psychology what set it up but here's what I found with Paul to the very beginning in him back on track when he was at his best he made sure every single trade had what he called a 5 to 1 that means if he was gonna risk a dollar he wasn't about to risk unless he was certain he was gonna make five now you're not always right so guess what if I risk it all to make five and I'm wrong I can risk another dollar I still make four I can be ruined four times out of five I still break even their secret is not the theta they're not wrong if they set themselves up where they risk small amounts for big rewards proportionally pull you know he's right at one hour three times he still makes twenty percent so the average person wrists a dollar trying to make how much dollar 10-track about but if I could get 10% Wow my dollar I have 20% would be unbelievable how often can you be wrong not very often not at all right you're in the hole you're starting from the hole you got to build back up so they're a significant worth like I was with Kyle Bass and ass risk - check this out in the middle of the subprime crisis he made two billion dollars out of 30 million because he risked for every six cents he risked he had an upside of a dollar six cents four hundred well you get me wrong 15 times and you're still looking at her I mean he was brilliant to figure it out he's a genius figured out but that risk reward is why it is he showed his kids he ties how do I teach us to the average investors in it and he said that well you could teach the laptop my kids and I said you know he goes we bought nickels and so what do you mean you bought nickels he said well I did research I had this question that's another thing that all these guys did they ask a better question we talked about they get better answers right better quality question better quality answer what's wrong with me you'll come up with stuff how do I make this happen no matter what they'll come up with different answers so his question was where in the world is there a riskless trade with total upside and he started looking around he said I'm worried about inflation so he decided oh gosh of all the currencies in the world a nickel what it's made of today it's not made mostly of nickel by the way he said it's costing the US government nine and a half cents to make a nickel that's how our government functions it was been almost ten cents to make something with half as much right depending on plan yeah perfect plan so he said but you know what just the actual material value right is 628 whatever was six something six and half will call for round numbers so he said if I buy a nickel it's never going less than a nickel I should believe the US government's gone so I've got something that never goes down in value so I got a guaranteed return you know I'm not gonna lose my principle but day one it's worth 36% more than the day I bought it how many investments can you have a 100% guarantee of no Osun if 36% I said yeah but that's melt value and I saw they passed the law a few years ago like Charlie Rangel ever was this was what I pushed it through and goes yeah but Tony said that doesn't matter let me tell you why you said look at pennies when they changed it from pure copper to 10 and all the things they've changed what happened to the old pennies there's a scarcity of them and now a penny from those days they're worth two cents it's a hundred percent more valuable so he said that at some point the government cannot continue to do something cost twice as much some point they'll make a change in the materials and then all these nickels worth an unbeliever melt so he said I just showing my kids here's a risk you need think different than everybody else don't think I have to take huge risk for huge awards say how do I take no risk and get your drawers and because you asked that question continuously and you believe in answer you get it so you know he said listen if I could put mine to convert my entire wealth and matrix that I do and I said you're insane because I haven't say but it's the best possible fundamental investment he started telling me how to do he bought 40 million nickels Wow he has 40 million nickels goes up a room bigger than this right there's the on the ground floor yet his kids dragging them here else laughing have in front of you this like the old treasures so he can legitimately do like the scrooge mcduck backstroke painful and real say so so that's a summer school I'll give you one more and I'll shut the hell up like you're asking me that with it you tell me the difference is the one you know there are differences we've spent hours now the difference is by the way things useful is what's a wine because then it gives something Universal that you apply absolutely now the other one for them is they absolutely beyond a shot of a doubt no they're going to be wrong you look on these talking heads on television of people screaming you and hitting bells and telling you what to buy and they're right right right the best on earth or a values right the the pebbles that you know I don't give it he'll you talk about you want to look at Carl Icahn they all know they're gonna be wrong so they set up a NASA location system that will make them successful they all agree asset allocation is the single most important investment there was one person in terms of your vehicle that was the most important thing about how they attacked it asset allocation was the element there and the last one is they are their lifelong learners I mean these people are machines like you like me like Peter like most people you and I share his friends they just are obsessed with knowing more now because the more they know the more they realize what they didn't know and then they apply that and they go to another level and every time you think you're the best you can be in anything in life your body or motion spirit your finances there's always another level and these guys live by and the last one I thought almost all the more real givers not just give her some surface like money givers that's wonderful but really passionate about giving and it showed up once they saw what I was doing was legitimate that was really real that I mean then they're opening up three hours at a time something whether these guys will never get oh yeah I mean their hours are worth a lot I say no Heath thank you for supporting the sponsors of this show I've used them I liked them and I think you will too 99designs comm forward / Tim it's the world's largest marketplace of graphic designers you can see the projects that I've put up the competitions that I've spearheaded including the book cover of the 4-hour body and you can also get a $99 upgrade for free so check it out at 99 designs com forward slash Tim of course you can subscribe to this show on iTunes you can also find every other episode the show notes links from this episode at for our blog.com that's fo u rho u r VL og calm and just click on podcast there's all sorts of other cool stuff including my interactions when people like Warren Buffett Mike Shinoda Linkin Park the list goes on and on and on and I would love your feedback let me know what you thought of this show who would like to hear on the show next and any other thoughts really you can find me at twitter @ @ t ferrus that's twitter.com /tf ER Riss and on facebook at facebook.com forward slash Tim Ferriss with two R's and two S's until next time thank you for listening you

Channel: Tim Ferriss

Views: 174,155

Rating: 4.7501488 out of 5

Keywords: tim ferriss, 4 hour workweek, 4 hour body, 4 hour chef, forbes, timothy ferriss, entrepreneur, author, writer, best-seller, public speaker, angel investor, ferriss, twitter, Facebook, stumbleUpon, evernote, uber, tim ferriss blog, timothy ferriss speaker, Tony Robbins (Musical Artist), Public Speaking (Literature Subject)

Id: A7jOqYWJUKg

Length: 68min 30sec (4110 seconds)

Published: Fri Oct 30 2015