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The Tai Lopez Show

#597 - Fortune Favors The Bold

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 25 January 2022

⏱️ 103 minutes

🧾️ Download transcript

Summary

If you find yourself feeling like you have too little, or too much, you’ll be unhappy. Being too far into one end of the spectrum will be your greatest enemy. Fortune favors the bold, but it also favors the balanced thinker.

Don’t let your emotions or strong beliefs cloud your thoughts. Understand the pros and cons of the past. Read history.

A little pain is okay. Pain is a catalyst, but it must be minimalized. If you’re experiencing pain over and over, something must change.

This is probably the most important podcast I’ve recorded this year. Listen to it carefully. Download it. Listen again later. 

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

The optimal frontier, this is the reward. This is the level of boldness. This is the on that graph. This is the reward for being bold.

0:11.0

Fortune is what you seek. Oh, sorry, this is the other way.

0:17.0

Fortune, here's boldness. Here is the fortune. The optimal frontier. No boldness. You're at the bottom. No benefit, no fortune. You rise in your boldness like Julius Caesar. Like Alexander the Great, but all of a sudden you become too bold like Alexander the Great and

0:38.0

now your reward and fortune is back to zero.

0:41.2

What happened to Alexander the Great? He began to go. to And his troops said, let's slow down, let's slow down, we're already winning the world, we're already winning.

0:58.0

And he said, no, I must be bold.

1:01.0

And an arrow shot him.

1:07.0

Or a person shot him with an arrow, I should say. And he died, I believe, of an infection.

1:11.0

At a young age, I believe he was 31. He had conquered the known world, but he did not understand the optimal, the efficient frontier.

1:20.0

And you find that an efficient frontier in every area of life making money.

1:24.4

There's a Daniel Kahnman won a Nobel Prize in this subject more he's a cross between maybe an economist and a neuroscientist.

1:35.0

And what he said was, okay, so

1:40.0

when you're making $40,000 a year in the United States, you're not very happy.

1:45.0

Right?

1:48.0

Everything's out of reach.

1:49.0

You don't feel like you have enough fortune.

1:51.0

And you begin to make more money and this marginal reaction is a huge

1:54.8

reaction when you go from making 40 to 100,000 dollars but then at some point increase

2:00.6

in money doesn't increase happiness.

2:04.0

More money, more problems.

2:06.0

Look at some of the people at the top of the fork list.

2:10.0

Some of them like Elon Musk even admit that they have times of, you know, tremendous unhappiness, depression, so on.

...

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