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The James Altucher Show

643 - Election Hacking and Fear of Change with Jason Feifer from Pessimists Archive

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.62.7K Ratings

🗓️ 8 October 2020

⏱️ 106 minutes

🧾️ Download transcript

Summary

Why are people afraid of change, new technologies, and, right now, election hacking!? I talk with Jason Feifer about why people are always more pessimistic than they should be and that optimism and skepticism are powerful tools to set you apart from the masses and find real success. Plus, Jason shares some fun stories about wild pessimism throughout history I realized during this pandemic that most people are "smart idiots". They come across as smart but then cognitive biases kick in and they start acting like fools. Which is why I asked Jason Feifer to come on the podcast and talk about election hacking (is it a real concern?), and other stories of mass pessimism and hysteria. If you understand the pessimism bias, that's the first step in choosing yourself for success. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin

Transcript

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0:00.0

This isn't your average business podcast and he's not your average host.

0:06.8

This is the James Altiger Show.

0:12.8

Today on the James Altiger Show.

0:16.1

There's a lot of pessimists out there.

0:18.0

Almost every good thing that happens, someone is pessimistic about it.

0:22.2

And the 2008 crisis, everyone was saying, oh my gosh, the whole world's going bankrupt,

0:28.0

capitalism is over.

0:29.6

I was arguing with Nurel Rabini on CNBC, kept saying the market's going to zero.

0:35.1

People laughed at me for saying, no, no, no, I'm a big believer, the market's going to

0:39.0

go up in the market.

0:40.3

Went up, not that I'm always right, but I think in general throughout history, it pays to be

0:46.0

optimistic.

0:47.0

You might not be optimistic about any one company or situation or invention, but just

0:52.2

being optimistic about the world is healthy because what other way should you be?

0:58.6

You know, here's some, here's some ways people have been pessimistic in the past.

1:04.4

Right when the iPhone was released in 2007, Steve Bommer, the CEO of Microsoft said, there's

1:10.1

no chance that the iPhone is going to get any significant market share, no chance.

1:16.2

Guess what, Steve?

1:17.5

Apple has sold more than 116 million iPhones this year.

1:22.4

Like, remember when the Y2K bug happened, everyone thought the world was going to collapse

1:25.6

on January 1st, 2000?

1:27.6

Didn't happen, nothing happened.

...

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