There's Always a Way to Win

0:00Stop whining. Every position has an advantage. Younger means cutting edge, older means more experience. Smaller company means more personalized, bigger company means longer track record. Rich means resources to use, broke means nothing to lose. You aren't limited by your resources, only your resourcefulness.

0:27There's always a way to win. Just not always a enough desire to win. The uh position of simplicity as well, I think. There's so much of today is about trade-offs, it's cool.

0:50Looking across all of these, I can't see any of them that would be improved by complexity. Young, old, small, big, rich, broke. It's a universal rule that cuts through all of them, which I think is really interesting. But yeah, I everybody is able to find a reason why the situation that they're in is either great, but more typically not great.

1:17Because finding all of the ways that the thing that you have or don't have either limits you or restricts you in a way that it wouldn't if you were somebody else or in a different situation allows you to front run why you might fail in future. >> This is the reason why inversion is one of the most powerful ways to get what you want. Because we are hardwired to survive, and part of survival is threat identification. What are all the problems that exist around me in my environment, in my life that threaten me?

1:54And so, when you try to think about what's good with your life, you have to sit there and be like, "Okay, I have to do my 5-minute journal in the morning and think what three" And you're like sitting there, you're like, "Okay, what three things am I grateful for, right?" And you have to like try to do that, especially if you do different things every day, right? But what's interesting, and this is why I think Munger was so was so brilliant with this, is if you frame what are all the threats that I have to accomplishing what I want, what are all the things that are going to get in my way, um if I had to guarantee failure, what would I do?

2:26It's much easier to come up with the list of all the things that will guarantee failure. Because we're programmed to find those threats. And then all you have to do is just flip it. As soon as you figured out that monster list of the things that guarantee your failure, and then you just do that. >> You know what's a cool version of this? If you were to design a day or a lifestyle for your worst enemy who's trying to beat you, what would it be?

2:49Uh and the inversion of the inversion is imagine that you were going up against you, but with a mustache. It's you versus a mustache, and this version of you is doing everything that they can to beat you. They know all of your failures, they know all of your shortcomings and your fears. What would that person do? Just do that. Do what that person would do that would beat you. Do what you with the mustache would do to beat you. And that's one of George's ideas, and I think it's really cool. It's the same as basically what would you do if you had 10 times the agency, because presumably that person would have way more agency. They wouldn't doubt themselves as much, they'd be more decisive. Uh they would reduce complexity, there would be less distracted.

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