4.8 • 710 Ratings
🗓️ 20 February 2023
⏱️ 95 minutes
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0:00.0 | when I'm deciding what to learn, I spend way more time than most people, like, trying to |
0:03.2 | figure out, like, what is the critical, critical information that I need? |
0:06.7 | It's just like how it's, once you've ever had this moment one time with learning language, |
0:09.7 | when like you start learning a language a shitty way where you're like, you're memorizing |
0:12.2 | much of random words that no one uses very often. |
0:14.0 | And then like one day you're like, wait a minute, if I just learned like the 300 most common words. I know like half of the words that are useful. |
0:22.9 | And that is just like a holy shit moment, but everything works that way. |
0:26.3 | People who don't have that mental model of the 80-20 rule, |
0:28.9 | you can tell this somebody doesn't really have that model when they're like, |
0:32.4 | this is going to sound crazy. |
0:34.0 | But like, did you know that a small number of rich people have like a large percentage |
0:39.3 | of the wealth? And, uh, and it's like, yeah, that's, yeah. Same for the stars in the universe. |
0:47.6 | Yeah. The small percentage of the stars have most of the mass. Yeah. It's everywhere. |
0:52.3 | Yeah. 20% of your problems cause 80% of your pain. |
0:54.6 | 20% of your ideas or 80% of the value, etc. |
0:57.2 | And so like, you can just tell that most people haven't really, |
0:59.4 | they don't understand the pattern. |
1:00.4 | So they're like, whenever it sees, they're like, |
1:01.4 | oh my God, that's how nature works. Yeah. |
1:28.3 | Hey, everybody. Welcome to The What Is Money Show. I am thrilled to have you here joining me on my mission to help shine light on the corruption of money. |
1:41.2 | Now, if this is your first time listening to The What Is Money Show, I strongly recommend that you go back to episodes one through nine first, which lays a lot of the groundwork for many of the concepts that we explore on the show. |
1:44.7 | These first nine episodes are my series with Michael Saylor, and thousands of people have told me that this is the best podcast series they've ever heard, |
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