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We Study Billionaires - The Investor’s Podcast Network

RWH029: Beyond Rich w/ Pico Iyer

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 9 July 2023

⏱️ 137 minutes

🧾️ Download transcript

Summary

In this episode, William Green chats with famed author Pico Iyer about how to create a life that’s truly richer, wiser, & happier. Pico has written 15 books & delivered 4 TED Talks that have received nearly 12 million views. Here, he shares profound & practical insights drawn from his vast range of personal experience: he’s spent decades as a travel writer; befriended everyone from the Dalai Lama to Leonard Cohen; lost everything he owned in a wildfire; & built a remarkably peaceful & productive life in a tiny apartment in Japan.


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

04:41 - Why Pico Iyer relishes the calm simplicity of his tiny, uncluttered home in Japan.

08:01 - Why he doesn’t use a cell phone & does most of his work without a computer.

13:45 - What advice he gives to youngsters on making a life & not just making a living.  

22:37 - Why going slow has become the ultimate luxury in a world of speed.

26:34 - Why leading business executives are so receptive to his teachings on stillness.

29:55 - How he structures his day to be most productive.

43:57 - Why billionaires like Ray Dalio have embraced meditation.

52:03 - What Pico discovered when a wildfire destroyed everything he owned.

1:17:02 - How Howard Marks applies the Buddhist teaching that everything is impermanent.

1:21:56 - What Pico has learned from decades of friendship with the Dalai Lama. 

1:35:55 - How travel shows Pico the limits of what we can ever truly know.

2:03:55 - What the singer & Zen monk Leonard Cohen taught him about inner riches. 


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


BOOKS AND RESOURCES


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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:03.0

Hi there.

0:04.0

The focus of today's episode is a question that I think all of us can benefit from asking.

0:09.2

What constitutes a truly rich and happy life?

0:13.1

If you're listening to this podcast, the chances are that you're fascinated by the game

0:17.1

of investing and want to play it well so you can make more money and ideally achieve

0:22.0

total financial freedom.

0:23.7

That's fabulous as far as it goes and I love investing too.

0:28.2

But I think we also know that the richness of our lives doesn't really just depend

0:33.3

on how much money we rack up or how many fancy possessions we manage to accumulate or

0:38.2

what car we drive.

0:39.8

In the epilogue of my book, Richard Wise, A Happier, I could have wonderful insight

0:44.3

that the great investor, Arnold Vandenberg, once shared with me when I was interviewing

0:48.5

him at his office in Austin, Texas, Arnold, who's in many ways my favorite role model

0:54.6

in the world of investing, told me,

0:57.0

I'm the richest guy in the world because I'm content with what I have.

1:01.7

I feel wealthier, not because I have more money, but because I've got health, good friendships.

1:06.9

I've got a great family.

1:08.7

He then carried on by saying prosperity takes all of these things into consideration.

1:13.7

Health, wealth, happiness, peace of mind.

1:16.9

That's what a prosperous person is, not just a lot of money.

1:20.0

That doesn't mean a thing.

...

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