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heretics.

179. James Altucher | How to fail up

heretics.

Andrew Gold

Personal Journals, Documentary, Society & Culture

4.4968 Ratings

🗓️ 5 October 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

James Altucher is simply one of the most fascinating people I’ve ever spoke to, so I had to get him on the show. He made millions selling his website company – and then blew it all over the next couple years. He since made and lost millions many times. James Altucher links: https://jamesaltucher.com https://twitter.com/jaltucher https://notepd.com Andrew Gold links: http://youtube.com/andrewgold1 http://instagram.com/andrewgold_ok http://twitter.com/andrewgold_ok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

When you lose that money on the way down there is nobody at the bottom there is nobody left nobody

0:06.1

people like and admire successful people and they're scared of people who are on the way down

0:11.7

because hey maybe someone that's going to rub off on me

0:14.2

we often use money as the metric to decide status maybe I could have asked for help a

0:19.2

little bit more but I was a shame.

0:22.0

Two days guest is one of the big names in the failure industry.

0:27.0

Obviously that's not a real thing.

0:29.0

But James Altutcher is simply one of the most fascinating people I've ever spoken to, so I had to get him on the show.

0:34.9

He made millions selling his website company and then blew it all over the next couple of years.

0:40.6

Down on his luck, he noticed that nobody who was there for him on the way up was there for him on the way down.

0:47.8

He started writing 10 ideas a day, whether creative, financial, personal, whatever on a notepad.

0:57.0

And he'll talk about how that, along with emails of ideas or full of ideas for others got him back on his feet.

1:05.0

He since made and lost millions over and over again.

1:09.0

He seems to do it on a daily basis.

1:11.0

He recently made worldwide headlines after writing a negative essay about New York

1:15.7

after COVID, believing that it won't recover. It was read out by the likes of Joe Rogon, but

1:21.3

also New York native Jerry Seinfeld, who called James a

1:25.6

putts, which is Yiddish for idiot. James certainly isn't an idiot. He's a chessmaster

1:32.3

for one, and he now has a website called note PD.com

1:36.2

where other users are encouraged to come together and write their 10 ideas.

1:41.9

It's everyone sharing ideas and growing as a community. It's how

1:45.9

humanity should be and I love it. I was recently a guest on his podcast,

...

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