This episode is a two-for-one, and that’s because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I’ve curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more excited. The episode features segments from episode #287 “Terry Crews — How to Have, Do, and Be All You Want” and episode #466 “Richard Koch on Mastering the 80/20 Principle, Achieving Unreasonable Success, and the Art of Gambling.”
Please enjoy!
Bios of guests may be found at tim.blog/combo.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Castbox, YouTube, YouTube Music, Amazon Music, Audible, or on your favorite podcast platform.
This episode is brought to you by LMNT electrolyte supplement, Momentous high-quality supplements, and Eight Sleep’s Pod 4 Ultra sleeping solution for dynamic cooling and heating.
Transcript for the full Terry Crews episode | Transcript for the full Richard Koch episode | Transcripts for all episodes
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What was your favorite quote or lesson from this episode? Please let me know in the comments.
SHOW NOTES
- [04:48] Notes about this supercombo format.
- [05:52] Enter Terry Crews.
- [06:17] Terry’s art background and growing up in Flint, Michigan.
- [15:35] A favorite failure.
- [22:40] Two ways of confronting an abusive father.
- [30:41] Terry reflects on his favorite Ralph Waldo Emerson quote.
- [34:20] How Terry coped with imposter syndrome on his first movie set — with Arnold Schwarzenegger.
- [39:17] Enter Richard Koch.
- [39:40] Richard’s non-story story about wines, spirits, and chat shows.
- [41:16] Exception to my “no book quotes” policy for Richard.
- [42:10] Secrets revealed in Oxford’s Bodleian Libraries.
- [47:32] Richard’s peculiar talent and its discovery.
- [50:17] Richard’s investing success despite weak numeracy: the star principle.
- [59:48] Richard’s $1.5 million investment decision.
- [1:03:41] Business “segmentation” in The Star Principle.
- [1:06:40] Principles governing Richard’s portfolio.
- [1:09:07] Richard’s firing from BCG and meeting Bill Bain.
- [1:19:03] The growth share matrix (Boston box) explained.
- [1:22:50] What Bain and Company appreciated about Richard.
- [1:36:07] Results of early partner-like behavior at Bain.
- [1:40:00] Key takeaways from Perspectives on Strategy and other recommended books.
- [1:44:06] Richard’s preference for principles over knowledge and The 80/20 Principle’s origin.
- [1:57:58] Richard’s happiness and time/energy allocation.
- [2:01:16] Comparing journaling styles.
- [2:07:24] Adventurers vs. controllers: who has more fun?
- [2:10:36] Inspiration for Unreasonable Success and How to Achieve It.
- [2:17:50] Richard’s definition of success and nine landmarks of unreasonably successful people.
- [2:20:56] Landmark one: self-belief.
- [2:23:40] Landmark two: Olympian expectations.
- [2:24:34] Landmark three: transforming experiences.
- [2:32:52] Landmark four: one breakthrough achievement.
- [2:35:36] Landmark five: make your own trail.
- [2:35:50] Landmark six: find and drive your personal vehicle.
- [2:45:24] Landmark seven: thrive on setbacks.
- [2:47:54] Landmark eight: acquire unique intuition.
- [2:48:15] Landmark nine: distort reality.
- [2:48:56] How landmarks reinforce each other.
- [2:51:24] Nelson Mandela’s unique intuition during imprisonment.
- [2:58:31] Richard’s annual question instead of new year’s resolutions.
- [3:01:44] Parting thoughts.
SELECTED LINKS FROM THE EPISODE
Connect with Terry Crews:
Twitter | Instagram | Facebook
- Tough: My Journey to True Power by Terry Crews | Amazon
- Who Poisoned Flint, Michigan? | Rolling Stone
- Internet Is Surprised That Terry Crews Is Also a Talented Artist | Bored Panda
- Where Wonder Ignites Creativity | Interlochen Center for the Arts
- Pursue Your Purpose | Western Michigan University
- Terry Playing Basketball at Flint Academy HS | Instagram
- Ralph Waldo Emerson: “God Will Not Have His Work Made Manifest by Cowards.” | Goodreads
- The 6th Day | Prime Video
- White Chicks | Prime Video
- Fear-Setting: The Most Valuable Exercise I Do Every Month | Tim Ferriss
Connect with Richard Koch:
- Unreasonable Success and How to Achieve It: Unlocking the 9 Secrets of People Who Changed the World by Richard Koch | Amazon
- The 80/20 Principle: The Secret to Achieving More with Less by Richard Koch | Amazon
- Windsor Castle
- David Bowie 2002 Interview with Michael Parkinson | YouTube
- Bodleian Libraries | University of Oxford
- Cours d’Économie Politique. Professé a l’Université de Lausanne. by Vilfredo Pareto | AbeBooks
- What Is the Pareto Principle — AKA the Pareto Rule or 80/20 Rule? | Investopedia
- Interview: Richard Koch, Author of The 80/20 Principle | Boing Boing
- Lenin, Stalin, and Hitler: The Age of Social Catastrophe by Robert Gellately | Amazon
- Betfair
- Boston Consulting Group (BCG)
- The Star Principle: How It Can Make You Rich by Richard Koch | Amazon
- CVC May Bid for Gambling Firm Betfair | The Guardian
- L.E.K. Consulting
- Horse Racing Cards, Results & Betting | Racing Post
- Apple’s Segmentation Strategy, and the Folly of Conventional Wisdom | O’Reilly Radar
- Price Simplifying Vs. Proposition Simplifying: Understanding Your Options by Richard Koch | Entrepreneur
- “Up or Out” Policy: What It’s Like to be Pushed Out Of McKinsey, BCG, or Bain | CaseCoach
- Computacenter
- Bain & Company
- Goldman Sachs
- Headhunter | Investopedia
- What Is the Growth Share Matrix? | BCG
- Comparison and Usage of the Boston Consulting Portfolio and the McKinsey-Portfolio | Hochschule Aalen
- Vanderbilt University
- The Boston Consulting Group on Strategy: Classic Concepts and New Perspectives Edited by Carl W. Stern, George Stalk, Jr., and Michael S. Deimler | Amazon
- Good Strategy, Bad Strategy: The Difference and Why It Matters by Richard Rumelt | Amazon
- Financial Times Guide to Strategy: How to Create, Pursue and Deliver a Winning Strategy by Richard Koch | Amazon
- Richard Koch: $100 Million Net Worth Without 80-Hour Workweeks | Mergers and Inquisitions
- The Financial Times Guide to Management and Finance: An A-Z of Tools, Terms and Techniques by Richard Koch | Amazon
- Managing Without Management : A Post-Management Manifesto for Business Simplicity by Richard Koch | Amazon
- The ‘Law’ That Explains Why You Can’t Get Anything Done | BBC Worklife
- David Yarrow on Art, Markets, Business, and Combining It All | The Tim Ferriss Show #443
- Flow: The Psychology of Optimal Experience by Mihaly Csikszentmihalyi | Amazon
- What My Morning Journal Looks Like | Tim Ferriss
- The Artist’s Way Morning Pages Journal: A Companion Volume to the Artist’s Way by Julia Cameron | Amazon
- Outliers: The Story of Success by Malcolm Gladwell | Amazon
- Forget Liverpool. Hamburg, Germany, Made the Beatles into the Band They Became | Los Angeles Times
- Boris Johnson’s Plan to Get Brexit Done and ‘Hang the Consequences’ | Foreign Policy
- Bob Dylan Meets Woody Guthrie, January 29, 1961 | Music History Calendar
- Song to Woody by Bob Dylan | Amazon Music
- Blowin’ in the Wind by Bob Dylan | Amazon Music
- Jeff Bezos In 1999 on Amazon’s Plans Before the Dotcom Crash | CNBC
- A Short History of the Falklands War | Imperial War Museums
- Lenin’s Brother: The Origins of the October Revolution | Foreign Affairs
- How Walt Disney Funded His Dream by Richard Koch | HuffPost
- Plane Crazy 1928 Sound Cartoon | Walt Disney Animation Studios
- 5 Facts You May Not Know About Disney and Dali’s Lost Project ‘Destino’ | Park West Gallery
- In Search of Excellence: Lessons from America’s Best-Run Companies by Tom Peters and Robert H. Waterman, Jr. | Amazon
- Who Were the Mensheviks and Bolsheviks? | ThoughtCo.
- Antifragile: Things That Gain from Disorder by Nassim Nicholas Taleb | Amazon
- Churchill the Failure: The Paradoxical Truth About the Best and Worst Leaders | Forbes
- Reality Distortion Field | Wikipedia
- A Visit to Robben Island, the Brutal Prison that Held Mandela, Is Haunting and Inspiring | Smithsonian Magazine
- Guidance from the Father of Living an 80/20 Life: An Interview with Richard Koch | Live Your Legend
PEOPLE MENTIONED
- Dwight Eichelberg
- Rebecca King-Crews
- Terry Crews, Sr.
- Patricia Ann Crews
- Ralph Waldo Emerson
- Arnold Schwarzenegger
- Michael Parkinson
- David Bowie
- Vilfredo Pareto
- Adolf Hitler
- Vladimir Lenin
- Joseph Stalin
- Antony Ball
- Adrian Mitchell
- Phil Hulme
- Roy Barber
- Egon Zehnder
- Bruce Henderson
- Bill Bain
- Ralph Willard
- Mitt Romney
- Fred Reichheld
- Mark Allen
- Richard Burton
- Nicholas Brealey
- Northcote Parkinson
- Mihaly Csikszentmihalyi
- Bob Dylan
- Otto von Bismarck
- Winston Churchill
- Herb Asquith
- Malcolm Gladwell
- John Lennon
- Bill Gates
- Jeff Bezos
- Marie Curie
- Leonardo da Vinci
- Walt Disney
- Albert Einstein
- Viktor Frankl
- Sigmund Freud
- Alfred Adler
- John Maynard Keynes
- Madonna
- Nelson Mandela
- J.K. Rowling
- Helena Rubinstein
- Paul of Tarsus
- Jesus
- Margaret Thatcher
- Boris Johnson
- Harry Potter
- Woody Guthrie
- David Shaw
- Leopoldo Galtieri
- Aleksandr Ulyanov
- Mickey Mouse
- Salvador Dali
- Tom Peters
- Robert H. Waterman, Jr.
- Snow White
- Donald Duck
- Nassim Nicholas Taleb
- Steve Jobs
- Bob Iger
- Tobi Lütke
- P.W. Botha
- F.W. de Klerk
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