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#434November 18, 202212:32

Framework Friday: Easy Choices, Hard Life. Hard Choices, Easy …

About This Episode

Shaan Puri and guest Andrew Wilkinson discuss mental frameworks for better decision-making, specifically focusing on the idea that making hard choices leads to an easier life. They explore how to overcome psychological biases, the importance of clarity in leadership, and how incentives often blind people to necessary changes in their business.

Episode Description

Episode #387: Shaan Puri (@shaanvp) and Andrew Wilkinson (@awilkinson) discuss the idea that making hard choices, doing hard things, can actually make life easier. -----

Show Notes

  • Show Notes:
  • 05:20- Do the hard thing
  • 06:00- What are your blindspots
  • ----
  • Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
  • ----
  • Additional episodes you might enjoy:
  • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
  • #209 Gary Vaynerchuk - Why NFTS Are the Future
  • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
  • * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
  • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates
  • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
  • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

Links

  • * Influence, Robert Cialdini
  • * Charlie Munger, "The Psychology of Human Misjudgment" speech
  • * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
  • * Want more insights like MFM? Check out Shaan's newsletter.
  • ----

Key Takeaways

1

Apply the 'hard choices, easy life' filter to decisions; if two options seem equal, the harder one is likely better because your brain is artificially discounting it due to short-term pain avoidance.

2

When considering firing an employee, first ensure you have provided absolute clarity on their role and what winning looks like; if they still fail after two weeks of clarity, the decision is clear.

3

Combat cognitive biases by regularly asking if you would make the same investment or hire today from scratch, rather than relying on the inertia of past decisions.

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Quick Stats

Duration12:32
Guests1
Ideas Discussed0
Topics4

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TF
Tim Ferriss