Author James Altucher explains to Codie Sanchez why sharing strategic ideas freely with potential high-profile connections is superior to charging a fee.
Assertion Supported
Altucher: Jerry Seinfeld wrote NYT op-ed attacking him, Cuomo emailed it
“Even Jerry Seinfeld wrote an op-ed in the New York Times just trashing me, which then Andrew Cuomo emailed to, like, everybody in New York State”
Opinion
Altucher: Finance Media Figures Falsely Pretend They Are Never Wrong
“Finance, nobody was doing that. Like, I realized like, everybody was perfect in finance. They never were wrong. They were on CNBC, like, oh, well, of course, they're gonna raise, decrease interest rates, and the market's gonna go up or down, and everybody's, l…”
Insight
Altucher: Nobody wants to steal your ideas in 99.999% of cases
“First off, no one really wants to steal your ideas. In most, in 99.999% of the cases, no one could give a shit about your ideas.”
Insight
Altucher: Positive customer feedback carries zero informational value
“When someone says something positive, it actually has no informational value.”
Insight
Altucher: People Connect Deeply Through Shared Failures, Not Superficial Wealth
“And it's a, the language of the, our past fears and failures, that is the real way we all connect. Like if we all just had like a billion dollars and we met at cocktail parties, we're going to connect in this real superficial way. But if we're saying, look, I …”
Assertion Contradicted
Altucher: Google Manually Replaced His Post With Suicide Hotline
“There was a point where, because I wrote about this, there was a point where if you Googled, how do I kill myself, I was like the number one search result on Google, and then enough people complained that Google had to manually put in the national suicide hotl…”