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The Tim Ferriss Show

#680: Richard Koch — Revisiting the 80/20 Principle, The Power of Optimistic Journaling, Studying History to Improve Investing, and The Grand Beliefs of Winners (Plus: The Toxic Beliefs of Losers)

The Tim Ferriss Show

Tim Ferriss: Bestselling Author, Human Guinea Pig

Lifestyle Design, Business, The 4-hour Workweek, Productivity, Timothy Ferriss Show, Startups, Tim Ferris, Entrepreneurship, Longform Interviews, Tools Of Titans, Timothy Ferriss, The Tim Ferriss Show, Tim Ferriss

4.617.4K Ratings

🗓️ 5 July 2023

⏱️ 150 minutes

🧾️ Download transcript

Summary

Brought to you by Secureframe automated security and privacy compliance platform, Eight Sleep’s Pod Cover sleeping solution for dynamic cooling and heating, and Wealthfront high-yield savings account.

Richard Koch (@RichardKoch8020) is an entrepreneur, investor, former strategy consultant, and author of several books on business and ideas, including four on how to apply the 80/20 principle in all walks of life.

His investments have grown at 22 percent compounded annually over 37 years and have included Filofax, Plymouth Gin, Belgo, Betfair, FanDuel, and Auto1. He has worked for Boston Consulting Group and was a partner at Bain & Co. before joining Jim Lawrence and Iain Evans to start LEK, which expanded from three to 350 professionals during the six years Richard was there.

In 1997, Richard’s book The 80/20 Principle reinterpreted the Pareto Rule—which states that most results come from a small minority of causes—and extended it beyond its well-known application in business into personal life, happiness, and success. The book, rewritten in 2022, has sold more than a million copies, been translated into roughly 40 languages, and has become a business classic. It was named by GQ as one of the top 25 business books of all time. Richard’s latest book is Unreasonable Success and How to Achieve It

He has two upcoming books: 80/20 Beliefs, which identifies the very few beliefs in our lives that strongly influence what we do, and, therefore, the results we get, as well as 80/20 Daily, a collection of 365 short daily readings using the 80/20 philosophy to achieve the good life.

Please enjoy!

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This episode is brought to you by Secureframe! Secureframe’s industry-leading compliance automation platform, paired with their in-house compliance experts and former auditors, helps you get audit-ready in weeks, not months, so you can close more deals faster. 

Secureframe simplifies and streamlines the process of getting and staying compliant to the most rigorous global privacy and security standards. They help thousands of businesses achieve compliance with security and privacy frameworks including SOC 2, ISO 27001, HIPAA, PCI, and GDPR. Schedule a demo today at Secureframe.com, and tell them during the demo that Tim Ferriss sent you to unlock 10% off for your first year.

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This episode is also brought to you by Eight Sleep! Eight Sleep’s Pod Cover is the easiest and fastest way to sleep at the perfect temperature. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add the Pod Cover to your current mattress and start sleeping as cool as 55°F or as hot as 110°F. It also splits your bed in half, so your partner can choose a totally different temperature.

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Past guests on The Tim Ferriss Show include Jerry SeinfeldHugh JackmanDr. Jane GoodallLeBron JamesKevin HartDoris Kearns GoodwinJamie FoxxMatthew McConaugheyEsther PerelElizabeth GilbertTerry CrewsSiaYuval Noah HarariMalcolm GladwellMadeleine AlbrightCheryl StrayedJim CollinsMary Karr, Maria PopovaSam HarrisMichael PhelpsBob IgerEdward NortonArnold SchwarzeneggerNeil StraussKen BurnsMaria SharapovaMarc AndreessenNeil GaimanNeil de Grasse TysonJocko WillinkDaniel EkKelly SlaterDr. Peter AttiaSeth GodinHoward MarksDr. Brené BrownEric SchmidtMichael LewisJoe GebbiaMichael PollanDr. Jordan PetersonVince VaughnBrian KoppelmanRamit SethiDax ShepardTony RobbinsJim DethmerDan HarrisRay DalioNaval RavikantVitalik ButerinElizabeth LesserAmanda PalmerKatie HaunSir Richard BransonChuck PalahniukArianna HuffingtonReid HoffmanBill BurrWhitney CummingsRick RubinDr. Vivek MurthyDarren AronofskyMargaret AtwoodMark ZuckerbergPeter ThielDr. Gabor MatéAnne LamottSarah SilvermanDr. Andrew Huberman, and many more.

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Transcript

Click on a timestamp to play from that location

0:00.0

This episode is brought to you by SecureFrame. SecureFrame's industry-leading compliance

0:04.8

automation platform, paired with their in-house compliance experts and former auditors,

0:09.3

helps you to get audit ready in weeks, not months, so you can close more deals faster.

0:14.8

I pulled a ton of you online on social and reviews came back, which were

0:19.4

overwhelmingly positive for SecureFrame. SecureFrame simplifies and streamlines the process of

0:24.8

getting and staying compliant to the most rigorous global privacy and security standards.

0:29.1

They help thousands of businesses achieve compliance with security and privacy frameworks,

0:33.1

including SOC2, ISO27001, HIPAA, PCI, and GDPR. SecureFrame is the most comprehensive

0:40.8

security and compliance automation platform with hundreds of integrations, built-in security

0:45.6

training, vendor and risk management, and more. You continuously detect and remediate

0:50.4

misconfigurations across your technology stack, you also get complete visibility with actionable

0:55.3

insights on critical security and privacy compliance issues. Security training for SOC2, HIPAA,

1:01.0

PCI DSS, GDPR, and more are built into SecureFrame's platform. You can quickly meet

1:06.4

security and privacy compliance requirements and save time assigning, tracking, and reporting

1:11.2

on required training. SecureFrame provides unmatched expert guidance every step of the way with

1:15.7

their 30-plus former auditors and industry professionals. SecureFrame helps you quickly achieve

1:20.8

and maintain compliance so you can focus on other things, like serving your customers,

1:25.2

scaling your business, and growing revenue. So consider automating your security and privacy

1:29.6

compliance with SecureFrame. Schedule a demo today at SecureFrame.com as it sounds,

1:35.4

secureframe.com and tell them Tim Ferriss, that's me, Tim Ferriss sent you to unlock 10% off

1:41.2

for your first year. Again, that's SecureFrame.com and during your demo, tell them that Tim Ferriss sent

1:46.8

you to unlock 10% off for your first year. One more time, SecureFrame.com.

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