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The Game with Alex Hormozi

Strong Beliefs Loosely Held | Ep 799

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 4 December 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned and will learn on his path from $100M to $1B in net worth.

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Transcript

Click on a timestamp to play from that location

0:00.0

What's going everyone? Welcome back to the game. We're talking about growing our businesses,

0:04.3

making more money, helping more people making products that change and improve the world.

0:09.0

That being said, today I wanted to talk about a little bit of a cautionary tale.

0:13.9

Many of us have had people in our lives who we've looked up to and have created these very strong isms or these beliefs

0:25.7

that they will die by. They have unreasonable or unshakable conviction that these beliefs that they

0:35.2

hold are true. And so I'll give you an example, and I'll tell you how this came to be.

0:40.1

So I'm investing in a treatment clinic, so it's a business that helps addicts recover.

0:45.0

My partner in that business was talking to someone who was going to kind of like advise or help

0:51.0

with the business in a different capacity.

0:56.7

He made a statement, which was,

1:03.2

you should never work with your spouse. He brought this up to me, because obviously Layla and I worked together, he said that this particular individual who was successful, whatever,

1:08.6

had worked with their spouse and it didn't work and therefore made

1:11.8

this rule about life. It reminded me of a different time when I went to a private equity firm.

1:17.5

I was introduced to the managing partner. He laughed when I came in the door because at the time

1:21.5

I had a mustache. I had my hair pulled back. Obviously, Leila and I were together. And he pointed to this sign on the door, which did the only three rules that we have in investments

1:32.2

here are no man buns, no husband-wife couples, partners, and no people from Florida.

1:39.9

So I think part of it was a joke or whatever.

1:41.7

The point is, is that people tend to have some

1:45.1

traumatic experience. And when I say trauma, I mean that in the literal sense, which is that you

1:51.4

have an aversive experience, a negative experience that permanently changes your behavior.

1:57.9

That's what trauma is, by the way. So if you touch a stove when you're a kid,

2:01.9

and then you never touch stoves again, then that was a traumatic experience. It was an aversive

...

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