Volume Negates Luck | Ep 267

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 12 January 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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 Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:14) - Probability outcome: if you’re a business owner you have to gamble on marketing and assess the probability that you'll get a return on that investment.

(2:19) - Alex dives into how volume plays a major factor in negating luck and probability

(3:15) - The moment a person realizes that they’re reaching their desired outcome, they’re unwilling to continue and say “this is not for me”.

(6:06) - The only thing that separates you from what you want is “skill”

(8:32) - Alex talks about the question he asked his neighbor and how he’s “already twice as wealthy as the average college person who would be leaving”

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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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