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The Playbook With David Meltzer

The Fastest Way to Get to Where You Want in Life

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.6 • 1.9K Ratings

🗓️ 7 July 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

Be radically humble. Identify those people who have the right situational knowledge or experience or who sit in a position that you want to be in. To do that, you have to be one thing: radically humble. Realize that most people love to give. Most people freely give their advice to those that value it. Most people love to share their experience, their situational knowledge. Even their relationship capital— most people love to give to those they emotionally connect with. The reason they love to give is ego based. It’s really not a humble thing at all. They feel separate or superior when they’re giving, and in a scarce world, they feel better about themselves when they give. You can always identify humble people because not only can they give unconditionally (without expectation or trading) but they can also ask for help. When it comes to humility, I like to talk about how the practice of humility opens your world to new skills and knowledge, key components for people who strive for great-ness in their decision making. Take Kobe Bryant, for example. Most know him as one of the best scorers in NBA history, a champion by any definition of the word. But Bryant did not let his previous successes cloud his judgment when starting the media portion of his career. He was humble enough to call upon others who had different skill sets and a different knowledge base, and that’s why his early forays into media, such as his Oscar Award–winning short film Dear Basketball, have been such a hit with audiences. In an interview with Jimmy Fallon on The Tonight Show, Bryant shared the simple, humble way that he was able to attach such respected names as composer John Williams and animator Glen Keane to his project: he asked. As Bryant told the audience, when it comes to learning any skill or gaining knowledge when you are unsure, “the best way to learn is to reach out and ask.”1 Even one of sports’ all-time greats understands that the practice of humility will help leaders avoid the traps that their egos are apt to send them into. Tweet me @davidmeltzer your favorite takeaway from today's episode and come ask me questions live every Friday at 11:00 am PST / 2:00 pm EST. Text me at (949) 298-2905 or email me at [email protected] to join! Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The next time the market goes down, I'm going to have what I think is the best economic

0:03.3

genius of our time with years of experience to tell me, oh, you got $30 million

0:08.2

day? This is what I would do with it. This is entrepreneurs, the playbook.

0:12.4

People that think they're stupid won't what? It's the biggest tragedy of all of them.

0:15.6

They won't ask for help. Anybody asked me why I lost all my

0:18.8

money because I didn't ask for help. I made one bad assumption and didn't

0:22.0

ask for help. All I had to do is ask for help. I could have accelerated

0:27.1

everything that I owned at that time just by asking people that I've been there before,

0:31.3

like I have now, right? I've been through four cycles of the economy at 51. I've seen

0:35.5

the up and the down four times. I know how you can make money on the down and how to make money

0:39.9

on the up. I know how to save. I know how to leverage myself. And I'm still asking for help.

0:44.8

And when the next dip happens, I'm going to go to the experts, the experts, including Warren Buffett

0:50.6

and I will find his number. I will find someone that knows him and I will get in front of him and

0:56.1

tell him you're going to mentor me. I'm going to be concise. Give me your cell phone when I need

1:02.0

help with a quick question. You're going to answer it for me because I'm going to do anything you

1:06.8

want me to do that I'm capable. Does that sound fair? I will. Because I know he'll say yes.

1:12.1

It's just a matter of me finding the number of where he's going to be or what he's going to do

1:15.7

with getting in front of him, which I will do. But now, the next time the market goes down,

1:20.4

I'm going to have what I think is the best economic genius of our time with the years of experience

1:24.7

to tell me, oh, you got $30 million dollars, Dave. This is what I would do with it. Okay, thank you.

1:31.3

Why should I guess? That guy seems to be a lot smarter about this kind of thing than I am.

1:36.6

He kind of studies it every day since he's been like 16. I think he's 86 or 90 now. I think he

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