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My First Million

Bill Gurley: 6 Out of 10 People Are Making This Mistake

My First Million

Hubspot

Investing, Entrepreneurship, Business

4.72.9K Ratings

🗓️ 9 March 2026

⏱️ 53 minutes

🧾️ Download transcript

Summary

Run your life like a $100M business. Get Sam's system here: https://clickhubspot.com/fhs Episode 803: Sam Parr ( https://x.com/theSamParr ) sits down with legendary investor Bill Gurley ( https://x.com/bgurley ) about how to avoid the biggest mistake you can make in life.  — Show Notes:  (0:00) 6 out of 10 people hate their job (11:24) Insane determinism (14:15) Finding your fascination (21:19) Underrated advice: Peer Groups (26:55) Dancing to work (28:44) Learning leadership (33:19) Risk vs uncertainty  (42:19) Be fearful when others are greedy — Links: • Runnin’ Down a Dream- https://www.amazon.com/Runnin-Down-Dream-Thrive-Actually/dp/0593799666  — Check Out Shaan's Stuff: • Shaan's weekly email - https://www.shaanpuri.com  • Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents. • Mercury - Need a bank for your company? Go check out Mercury (mercury.com). Shaan uses it for all of his companies! Mercury is a financial technology company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC • I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out: beehiiv.com/mfm-challenge — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth • Sam’s List - http://samslist.co/ My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /

Transcript

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0:00.0

If you're crafting your own personal career and your high agency, AI is like a jetpack.

0:05.8

We've taught children, young adults, how to grind.

0:08.5

We've taught them to persevere for the sake of perseverance.

0:12.0

And if you're stuck, you're stuck.

0:13.9

In order to do these exercises of finding your passion, you sort of have to be like a ruthless asshole, you think?

0:19.0

Unless you're trying to find that edge, somebody else may be.

0:22.6

You have to understand the difference between risk and uncertainty.

0:26.2

People most that threat by AI are the ones that aren't continuously learning

0:30.4

that are just doing the same thing they did 10 years ago.

0:33.3

How many times when you were doing it did you want to quit?

0:35.2

I don't ever remember wanting to quit.

0:37.0

Really?

0:55.5

Really. What did the voice say when it was like I found my calling? I feel like I can rule the world. I know I could be what I want to. I put my all in it like no days off. On the road, let's try, I want to talk about the book, because there's a bunch of crazy stats in the book. I want to talk about the Nobel because there was this, there's a bunch of crazy stats in the book.

0:59.7

I want to talk about the Nobel laureate thing. That was interesting. But the craziest, like, one of the craziest things early in the book, I think, did you run this survey? And it said that like six or

1:04.5

seven out of ten people hate their job. Yeah, so I had a co-writer, co-researcher on the book,

1:10.0

and we spent a ton of time together on

1:12.6

Zoom calls, and someone encouraged us to dive into a bunch of academic literature. We came across

1:19.2

this Gallup poll that said 53% of people aren't engaged at work. And so we had this idea

1:26.5

to ask like a thousand people, if you could start your career

1:29.5

over again, would you do it differently? And seven out of ten said yes. And then we took that to

1:36.5

to warn people analytics to do the official academic version. So you make sure you get all the

1:42.4

statistical data correct. And their number came back six out of ten so still a really big number and

...

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