The Ledger, every show

“One of the things that I've observed over and over again is that everybody gets surprised about the thing that hasn't happened before their lifetime.”

“If you're looking at a baseball player or a golfer, and you see how their swing is, you should be able to say that's a good swing. So if you just look at the shot, that's a different thing. So you have to know how to look at the swing rather than the shot, rig…”

“And if you can get that radical open-mindedness collective decision making is so much better than individual decision making, but you've got to get over those two barriers.”

“About a third of the people can't get through it, something like that. Over 18 months, you can pretty well find out where you are.”

“What I recommend you do in that case, in almost all cases of making decisions, is find three really great experts who will disagree with each other, openly disagree with each other to try to find the right path.”

“And so if you have a differences in the understanding by kind of saying, Am I a teacher, a peer, or a student? What should I be helps me navigate the best way to approach that.”

“Everything happens over and over again. Right? Everything I, we think of this as, everything's another one of those. So by being able to look at history and make the connections and examine how the mechanics of the cause-effect relationships are, That's what w…”

“Completely eliminates stress, and it fosters creativity, because when you think of creativity, it's not that you go muscle it. It's more like, you know, you take a hot shower, and these great ideas come to you.”

“And when one can reconcile their subconscious thoughts, those instincts, those intuitions with their logic and the consciousness, it's very, very powerful.”

“I went from thinking, you know, I'm right, to asking myself, how do I know I'm right? In other words, how do I triangulate? It gave me the humility I needed To balance with my audacity.”

“I think the greatest tragedy of mankind and the greatest tragedy of most people is to hold opinions in their head that are wrong, that they're attached to, and that they don't stress test.”

“And we literally have scores of these tests and whatever they are that become the scores. So we have believability weighted voting.”

“In which there's a part of our brain, the amygdala, which has this fight or flight thing. And when there's that kind of frankness, and that kind of exploration of one's weaknesses, people can think that they're being attacked instinctually.”

“So it's a transition. It's probably like a transition of trying to eat healthy and exercise and do those types of things. Typically takes about 18 months.”

“The people who come directly from school are tend to be a little bit more arrogant, know a little bit less, and go through a transformation that's pretty much easier. They're more adaptable. So that's why they're prone to like it, but it, but also depending on…”

“I've given personality tests to well, I mentioned that in, in the book, Bill Gates, Elon Musk many, many incredible, successful people, and they all have some elements in common, and then they also have differences, and so there's a path to leadership.”

“In the second stage of your life you're working, and other people are dependent on you. First stage of your life is when you're learning And you're dependent on others. When you get into, let's say, your twenties, or when that is, and you enter your second sta…”

“And, you know, for money, for me, money was not very much a priority to begin with. It just happened to be the thing that I do. It produces a lot of money if you do it well.”

“There is virtually no correlation between the amount of money one has and one's happiness that's pretty well known past a certain basic The factor that's the highest correlation is whether is relationships, sense of community across societies.”

“The first stock I bought I bought only because it was the only company I ever heard of that was selling for less than five dollars a share. And I thought, well, then I can buy more shares. So if it goes up, I'll make more money, which of course made no sense. …”

“To take a Japan, for example, if you were a holder of Japanese bonds, you lost about 80% of your money relative to gold, and about 60% relative to U.S. Bonds, because you received an interest rate that was three percent less than the corresponding interest rat…”

“And from 1966. Until 1984, you had a negative real return.”

“We have a two minute rule. We have mediators. We do certain things to have the protocols to be able to have that disagreement.”

“By writing it down, I was able to communicate with others, so it got us in sync, and then I was able to convert a lot of these two algorithms so that I was able to build a decision-making system.”

“What I'm planning to do is to get the best principles from everybody and then make that all available on an app in which then people can then vote up what are the best principles for that particular thing that they're encountering, and so then when that thing …”

“One of the most important, greatest things in my life, because it allowed me to have an equanimity.”

“If you look at the exact bottom in the stock market, August, When Mexico defaulted, that was the exact bottom in the stock market”

“I was so broke that I had to borrow 4000 dollars from my dad”

“A lot of these tools I'd like to get out there and make public at some point, I'm figuring out how to do that.”

“The only two things I require in a relationship are people to be reasonable, in other words, able to reason, and to be considerate. And I will give People an enormous amount of that, and I expect an enormous amount of that. And that's in all relationships.”

“We have on the data collection processing type of thing, we have a fellow by the name of Dave Ferrucci, who was the person who started and created Watson at IBM.”

“2017 is my transition year. It's why I wrote the book, and it's why I'm in that process.”

“And by the way, it's interesting because I thought I, you know, have a lot of money, and I have a lot of money relative to most people. And then you realize through this that you have a tiny bit of money relative to all that needs to be done.”

“He and I were drunk on New Year's Eve, and yeah, you know, and we had we had this playful, fun challenging relationships, and I decked him, and he then crashed the car when he went home, and his wife chewed him out, and I figured that I was going to lose my jo…”