Volume Negates Luck | Ep 266

The Game with Alex Hormozi

Alex Hormozi

Education, Entrepreneurship, Business, How To

4.9 • 4.8K Ratings

🗓️ 12 January 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

People who don’t understand probability don’t know the word “Luck”. Today, Alex (@AlexHormozi) shares a quick lesson he learned while he was talking to his 18-year-old neighbor about probability, luck, why volume negates both those factors, and tries to paint a different frame of seeing success & the work required to get there.

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 on his path from $100M to $1B in net worth.

Timestamps:

(0:57) - Probability outcome: gamble on marketing, assess return on investment.

(2:02) - Volume negates luck and probability in business.

(2:58) - Realizing desired outcome, unwilling to continue, not for me.

(5:49) - Skill is the only thing that separates you.

(8:15) - Alex's question to neighbor, already twice as wealthy.

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Transcript

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0:00.0	Hey guys, real quick.
0:00.8	So Layland and I are definitely working
0:01.9	on our social media presence if you guys haven't noticed.
0:04.2	And we're just breaking now into linked in.
0:06.4	All right, it's not as bad as I thought.
0:08.3	It's actually been pretty awesome so far.
0:09.5	And you guys have been really cool in there
0:11.0	and people are sharing our stuff a lot.
0:12.2	So if we aren't connected on LinkedIn,
0:14.0	it go ahead and let's connect and let's rock and roll.
0:17.4	One of the key differences that I see with people
0:19.3	who are successful and do grow and do scale
0:23.0	is that they have a firm understanding of probability.
0:27.9	Welcome to the game where we talk about it.
0:29.4	I get more customers, how to make more progress
0:31.2	when how to keep them longer.
0:32.2	And the many failures and lessons we have learned
0:34.0	along the way.
0:34.8	I hope you enjoy and subscribe.
0:36.7	What's going on, everyone?
0:37.7	I want to share a quick lesson that I had yesterday
0:40.4	with my 18 year old neighbor who's
	...

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