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The Tai Lopez Show

Game Theory: Strategy for Entrepreneurs & Life Decisions

The Tai Lopez Show

Tai Lopez

Business

4.86.9K Ratings

🗓️ 11 February 2020

⏱️ 31 minutes

🧾️ Download transcript

Summary

“Spend at least a couple hours per day really thinking through what you’re doing in your life” - Tai Lopez

(click to tweet)

Unintended consequences often negate the good that a regulation or ruling in government is trying to do. In fact, often the problem that was supposed to be solved is simply magnified through the unintended consequences, and the same thing can be true for your life.

That is why I believe that entrepreneurs, and really everyone else as well, need to learn game theory, to understand the various ways in which their decisions will affect other people’s decisions, thereby potentially changing the outcome, and sometimes reversing the good you were trying to do with the decision in the first place.

Listen to this episode to learn more about game theory and how it can apply to the decisions you make.

Also, make sure to checkout the new Tai Lopez Flash Briefing on Alexa!


“In the modern world, you need to be careful not to be overstimulated” - Tai Lopez

(click to tweet)


Points to Keep In Mind

  • A lot of regulations have unintended side effects that must be considered
  • For every action, there is an equal and opposite reaction
  • Humans have a desire to simplify complex topic to understand them, with the result often being that the wrong conclusion is reached
  • Mother nature always laughs last
  • Entrepreneurs need to understand game theory
  • Always consider how your actions will be perceived by others, not just the immediate impact
  • The current education system encourages students to pump information into their brain and then dump it out once they finish the test
  • In the modern world, you need to be careful not to be overstimulated
  • Spend at least a couple hours per day really thinking through what you’re doing in your life
  • The human body is built to do HIIT: High Intensity Interval Training
  • It’s always better to sell to the willing


See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

A lot of people think you should just never cut down a tree.

0:02.4

They don't understand the natural cycle, all things live and die.

0:04.8

And if you never cut down any trees, that's not natural.

0:12.0

People who jog too much, their whole body falls apart.

0:14.6

You're built to do what first one trainer is called hit.

0:17.3

High intensity interval training.

0:18.9

We're basically who walk, sprint, rest, and walk.

0:21.7

Very few times in history, did people have to just jog for 30 miles.

0:25.7

Remember, every action has opposite and equal reaction.

0:31.0

Looking at this piece of land to invest in 1100 acres of Virginia.

0:36.6

And it's a big corn field.

0:38.8

One of the big problems in the world.

0:40.3

Bigger than carbon, bigger than global warming.

0:44.5

See how it's lighter up at the top of the hill?

0:47.4

All the good soil washes to the bottom.

0:49.8

It's called erosion.

0:51.1

And more important in solving global warming,

0:54.8

in the way that you hear about in the media,

0:57.5

is fixing what's called carbon sequestration.

1:01.3

Basically, it means if you protect the soil, don't let it erode.

1:06.8

It binds up in the soil, all the things that go into the atmosphere

1:12.2

and cause global warming.

...

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