#110 Jim Collins: Relationships vs. Transactions

The Knowledge Project with Shane Parrish

Farnam Street

Business, Investing, Entrepreneurship

4.7 • 2.9K Ratings

🗓️ 4 May 2021

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

Renowned researcher and author Jim Collins makes his second appearance on The Knowledge Project, this time to share a wealth of life lessons learned from his mentor and collaborator, Bill Lazier. Jim recently released BE 2.0 (Beyond Entrepreneurship 2.0), an ambitious upgrade of his first book Beyond Entrepreneurship, co-authored with Lazier and focused on effective leadership style. Shane discusses all new topics with Jim in their follow-up conversation, including what it means to be a mentor and a father, why we should trust by default, why we confuse living a long life with a great life, and the difference between being afraid of risk and being afraid of ambiguity.

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Transcript

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0:00.0	If I stand back and I think about what are my absolute most primary values,
0:04.4	they are curiosity and relationships.
0:07.0	Bill's basic view of the world was number one, life is short.
0:11.5	You never know what's going to go away.
0:14.0	And in the end, what is that up to?
0:17.5	What is meaningful?
0:19.5	And Bill believed that people break into two buckets.
0:23.5	There are those who kind of come at life as a series of transactions.
0:27.5	And there are people who come at life as building relationships.
0:31.0	Bill believed that the only way to have a great life,
0:34.0	you can have a successful life doing transactions,
0:36.0	but the only way to have a really great life is on the relationship side.
0:41.0	Welcome to the Knowledge Project. I'm your host Shane Perish.
0:58.5	This podcast sharpens your mind by helping you master the best
1:01.5	what other people have already figured out.
1:03.5	If you're listening to this, you're not currently a supporting member.
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1:15.0	and other member-only content, you can join our FAS.blog slash podcast.
1:20.0	Check out the show notes for a link.
1:22.0	Today I'm speaking with Jim Collins, author, student, teacher,
1:26.0	and researcher of what makes great companies tick.
	...

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