In today's live show, Colin and Armando go over the notion of Antifragility, how to make yourself an antifragile individual and how building antifragility is going to be the best thing you can do for yourself and your family in the long run.
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[00:00:00] Antifragility is a strategy where if we have zombie apocalypse or as our collapses or anything along the spectrum, you're actually going to get better.
[00:00:08]Right. So the, so actually that's a good thing. We'll define the three main ideas. And this is of course from auntie to Love's book and seem to love this book. Antifragile. I highly recommend everyone read it and these ideas apply to everything in life. So it's kind of a way to simplify like good and bad.
[00:00:25] Like we know that when. We're not doing things we should, it's creating fragilities. We're more fragile. We're weaker. We know that when we're doing things we should be doing, whether it's our money or finances or health or work, whatever we become stronger. Okay. So these three words help define that.
[00:00:40] Right? Let's go through them real quick, fragile, robust and antifragile. All right. What do you think fragile means? Like how would you define that? fragile would essentially be, weakness in a sense where you're not able to handle outside external factors outside sellers.
[00:00:58] Exactly. And only basically break, right? Like, like a wine glass, like doesn't, it's fragile. It doesn't get better if you're throwing it around, like it, it just breaks. There's no way to benefit from disorder or chaos or stress. All right. Robust is like a steel drum. So what are the properties of steel drum?
[00:01:18] Like how would you think about that? Like in, with the idea of being robust, a steel drum has a good base. You're talking about the musical instrument, like a steel drum, right? No, I'm talking about, I'm talking about like an oil drum. Oh, like in Jamaica. Nice. I like feeling hot.
[00:01:36]I was like, this is going to, he's going to tie this in somehow. You were trying hard to think about it, dude. I was like, it's sturdy. It's got it. It's concave. It makes people happy. It's plays notes, no actual oil and oil drum. Famine, sandals, Jamaica. All right. An oil drum. Yeah, no,
[00:01:55]sorry to the listeners, man. Oh man. No, [00:02:00] an oil drum is definitely, it's a sturdy, it's a sturdy item. If anything the fact that it can hold oil in. It makes it not fragile because the oil is so it's specifically made to that. The oil doesn't eat through the material. Yeah. Well, it's you might be thinking a little bit too deeply about it.
[00:02:18] The simplest way to think about it is in a steel drum. If you drop it off a mountain, it's still going to be a steel drum at the bottom of the mouth. It might be misshapen a little bit. It might be dented. It might not look the same, but like it's. Kind of indestructible for the most part, leave me like in the meadow.
[00:02:35] Yeah. So if something you're robust that it's like, your you're pretty damn strong, like maybe you're not like perfect infallible completely. Cause you can obviously melt the steel drum down with enough heat, but in everyday life you're pretty damn solid. Right. So there are some things in life. Well, you know what, I'll come back to robust.
[00:02:57]Let's go to antifragile because then we'll understand how all three of these connect cause the spectrum. And they all kind of define each other by merit of what it is or isn't antifragile. In fact, why don't you try to find that? What do you think that means? Based on, we just went from fragile to robust.
[00:03:09] Now we're at antifragile. Eddie fragile is essentially being able to. Not that you don't come in contact with stressors, but being able to better handle outside stressors. So when something happens to you, then you may not be reactionary or it may not affect you as much. And I would say even further, you have a plan and you have an action to execute on.
[00:03:32] Something to execute on when things go awry, like, like what's happening in Texas, you and your family you got up, you got going, you didn't have a plan, but you had a plan in a way you were ready to go. I think, yeah I would say like antifragile would be, not only being re like not only being able to handle outside stressors, but then.
[00:03:54]Taking it a step further and making it something else and taking an action. Okay. So [00:04:00] do you know what the Hydra is? Yeah. Yeah. From Greek mythology, right? Yeah. What do you know about it? To explain it? Cut off his head and another one grows back or another one. You get that head and another one.
[00:04:12] Okay. You get two heads. Yeah, exactly. So think about that. How is a hydro the perfect definition of antifragile, because. If you become it. I mean, the Hydra, you can't, it's almost like you can't kill it in the story. You eventually kill it. But the theory of being antifragile like a Hydra is like every time something hits you, you come back way stronger.
[00:04:35] Exactly. That's what antifragile is. Yeah. So you were kind of saying it, but you're missing the key words. Antifragile gains from disorder. Okay. So grows from disorder. Okay. So think about. If you take a dumbbell and you looked at a bunch of times, do you know what is happening inside your body when you're doing that?
[00:04:53]Stress, right? Yeah. But what is happening to the muscle muscular level is definitely stress. Like, cause we don't walk around with dumbbells. It's a stress that we're moving. Right. We're moving something. So what happens at the muscle though? Cool. Muscle fibers. What do they do?
[00:05:04] They start to break down, right? Yeah. Right. So you're breaking your body down then what happens later on recovery and what does recovery do? Recovery makes it stronger. Exactly. That's what that's what it is. So perfect. And antifragile strategy is I take away and I move it. It stresses my body. My body gets physically weaker.
[00:05:24] Like, so I'm a weaker human after I do that. And then I rest and recover and through the process, don't a super compensation, your body recovers and grows back stronger so that it's better able to deal with that stress in the future. That makes sense. Cause when you're really sick, you don't work out.
[00:05:41] You're not supposed to. You're supposed to rest and recover. Yeah. You're just adding more stress to your immune system, which is already under attack from whatever's under attack on, right? Exactly. Yeah. So, but immune systems, another example, if you are bubble boy, and you've never been exposed to a virus in your life, and then you go out into the real world, what do you think is gonna happen?
[00:05:59]You're going [00:06:00] to die when somebody in your face or anything, microbes in the dirt or something will kill you. But when you grow up as a child, And then you get sick when you're younger and you recover and you get sick when you're a teenager and you recover and you get sick when you're an adult and you recover what do you think you're constantly going through that antifragile process of getting sick, going down, getting rest, coming back, building your immune system, that new antibodies every time.
[00:06:27] Yep. That's exactly what it is. Okay. Like Nisha said, what doesn't kill you makes you stronger. That's the ultimate antifragile strategy. I would say most things do. There's obviously exceptions here in life where, there are exceptions. It just depends on what it is. In fact, I don't know if there are exceptions, I'd have to think about that.
[00:06:44] I'd have to really like make a list of things because when it comes to for Jody antifragility robustness and this actually ties back to the robust part, that's what I wanted to talk about. So there are some things that I don't think you can really make antifragile. Like we talked about a steel drum. It doesn't get better if you damage it.
[00:07:03] Right? Like, but for the most part, damaging it, tossing around whatever, it doesn't really do much either. Right. It's kinda like neutral to outside chaos. I would say a house is like this too. So, we grew up in Florida, you have hurricane proof houses and you get extra, you gotta pay extra money to get things in your roof and you get like special connectors.
[00:07:22] And you're trying to make the house as robust as possible. But if a hurricane comes through every month, It doesn't make the house better. Right. So that's how that, see, that's an interesting, robust and antifragile. So as I mentioned about the physical safety part, like. I don't think there's a way. Well, I guess there's a way where if people are attacking you, it's kinda like the walking dead.
[00:07:43] Like they got, they get better and better. The more they zombies attack them. Like, and then over the years we're just pros at it. So I guess there is a strategy there and that's where training would come in. Like training can help make you antifragile because it's just like the muscle building.
[00:07:55] Like you develop skills, you find your weaknesses, you grow and adapt. You build muscle [00:08:00] memory, but like if I'm going to say buy a bunch of extra food by. Guns and ammo or whatever. It's not like I want people coming at you and you having to kill people to get good at killing people in case there's probably apocalypse, right?
[00:08:11] Like, so it's like, we can't really apply into facility there though. We can be as antifragile as possible and be as robust as possible. So we do training, we have skills we have, even the way we think and being aware and there's different things we can do, but we're trying to, at the very least be as robust as possible so that if stuff does go haywire, We have a strategy and we're just like as safe as we can.
[00:08:32] It's kind of like the house. Like you want to build a fortress if you can, but when you build that fortress things coming out of constantly like isn't really making it better. Although you force you as the, you, as the organism through stress do get stronger. So I guess like if we were smack dab in the middle of a zombie apocalypse and zombies coming at you all time, every day that you survive and have to fight off zombies, you actually get stronger.
[00:08:54] So it isn't antifragile strategy. But if like you have a fortress and zombies are just coming at it every day and like attacking it, like that fortress itself, isn't getting stronger. Right. But, and this is where it gets interesting. If you're in a fortress and zombies are coming at you nonstop.
[00:09:11] Everyday zombies come at you. You could figure out ways to create traps and reinforce certain parts. So you could actually through your action as an, as a walking, talking organism, create an antifragile strategy where you test things, and then you build this fortress where you have like moats and you have wire here and spikes here.
[00:09:29] And then the forges itself could become more and more antifragile. The more zombies come at it. But that's only because you are implementing an antifragile strategy for it. It's kinda, it's kind of interesting to think about it, but the fortunate itself standing there can't do it. Right? But that's why as humans, as walking, talking conscious beings, we can create antifragile strategies for everything in our lives.
[00:09:50] And for the things that maybe we don't have the best antifragile solution for, we can at least aim for robustness. And then these two also we're trying to [00:10:00] prevent fragility as much as possible. That makes sense. So robustness would then be, try to be as prepared as you possibly can for the first time.
[00:10:08] Something like that happens robustness in having a weapon and then self-defense would be getting plenty of range, time possibly hunting. If you can, to understand, tracking an animal or getting around the woods or understanding kind of. Just that general tracking and navigation aspect of hunting is amazing if you never catch anything.
[00:10:27]But yeah. Yeah. Getting cops get plenty of range time before they ever fire their weapon. And that's why they're robust it the first time, God forbid a cop ever has to fire his weapon. He's at range time. He's where he's learned how to pull his weapon properly, learn how to position it.
[00:10:42] It's you're absolutely right. There's robustness and the things that you can't be answered antifragile. And to start with. You get robust in so that when something happens. Yeah. And if you respond and if you have a response strategy, you can create antifragile responses. So the cop that is fired his weapon once every 10 years is not going to be, as we could say, robust as the cop that like fires, or maybe the cop has been like an actual war where it's just shooting at each other all day.
[00:11:11] Right. Like, so, yes. Yeah, it's really fascinating. Let's talk about fragility though, because. That also helps to find how to have an antifragile tragic. Cause there are two sides of the same coin. So for Julie, what are some examples that you can identify in like everyday life? What are some fragilities that maybe you have in your life?
[00:11:29] What some fragilities that you see in society, other people, et cetera. I think that it starts off, I think because we're not in war time, it starts off in day-to-day life. As small as something someone says on the internet something fragility. What do you mean. Yeah. Like the fragility in people's mindset or fragility, how people are like you, you post something and some people want to be, they let themselves become upset by it so much so that they have to say something.
[00:11:59] You [00:12:00] probably think about it all day. It, it like, it's like ruins people's moods. Like they actually take it onto themselves. So that, that's like a fragile. That's a fragile promoting use of time that we can jump mind and mental resilience. Absolutely. Right. So what are some examples of fragilities?
[00:12:18] Maybe? What about in your life? Do you first? Okay. Yeah. Personally. I'd have to think. Okay. It's probably going to be something around things you're trying to improve. Right? Cause the things are trying to improve. You're accepting that there's probably not where they should be. So they're more to the fragile of the spectrum.
[00:12:32] It would be my reactions to things like And it mainly comes around people like I got, like, I, it's funny being like a standup comedian. I don't really, I like standup comedy because I'm talking to the crowd. They're not, we're having a conversation, and that's where, when someone, you have a heckler, you kind of tear them apart.
[00:12:49] Cause you're like, this is me to you. The unit, you're not a part of this. You are the I'm here to entertain you that's as far as this goes and respond to it correctly, because some hecklers can throw you off your game. And that would be a fragile strategy. Some people are good at dealing with hecklers and they actually get the more hecklers they get, the better they get.
[00:13:04] So that's actually an example of, okay, this hecklers here, I probably have deal with it instead of me trying to get flustered like yell at them. Right. And then that's a fragile strategy. Like I get upset, I get angry, whatever. Throw me off my game. And antifragile strategy is. Say, Oh, Hey, what'd you say, or, whatever and then create dialogue and then turn it funny.
[00:13:23] And then the more you have, the better you get. And then now you're literally antifragile so that if hecklers come up, they make your set better. Oh yeah. Perfect example of Andy for Jolly's strategy. And I've had plenty of those situations where it's like, I'm gonna make you part of the show, but you're going to wish you didn't say, like your date doesn't want to be with you and everyone's laughing at you now, but I think my issue is with like, my fragility would definitely be with just public, like being in public with other people, especially now. I've always kinda been that way. Like, I think I'm like an extra, what is the extroverted introvert where like, I don't ambient. Yeah. We're [00:14:00] like if I'm in a public situation or in a crowded situation and I have to talk with people that I do it great, but I don't really want to.
[00:14:08] Well, I think what you're saying is like, you just need the recovery that everybody. Yeah. 100% like yeah. And people, and we all like people, if we want to admit it, like we need people, but we don't want to spend every second of our day with them and we want to control the dose and who it is, et cetera.
[00:14:24] Right. Right. And then like, like if we'll go to the store or something, I have a hard time like ignoring and this also, It's kind of what I do too, for a job. But then there's times where it's like, okay, I'm not picking up material. I'm just looking at people. You know what I perceive as them being stupid and like getting kind of upset about it.
[00:14:43]Like when you just see people, you see people in daily life where you look at them, you go, the only reason you're not dead is because people have to watch themselves around you. Like the only reason you haven't been hit by a car is because someone was like, I gotta swerve around this person.
[00:14:56] So I don't kill them. And for, you know what I mean? Like in that I have to like control myself, like, well, I was even told me she was like, you're getting like upset, but relaxed. Yeah, definitely. That's definitely a fragile strategy. And that comes back to this stoke framework of control. You can't control people, but you can control yourself.
[00:15:13] Yep. You can only control yourself, right? Yep. And so like letting some random person, one of what you don't know, you'll never talk to it's like disturb your mental equanimity. It's like such a it's backwards. Right? If anything, like, I mean, it's not nice, but like, if anything, if you want to laugh at people, and get material, then you're actually gonna become grateful for them because if they didn't exist, you wouldn't have nothing to talk about.
[00:15:35] Nothing would be funny. Yeah. Right. Exactly. If people weren't the way they were. I wouldn't. Yeah. I mean, that's true. Plus if life wasn't fucked up in so many ways, so we don't have nothing to talk about because everyone would be perfect. It'd be a utopia. Yeah. What about health and routines and like money go do those money.
[00:15:53] Definitely. It would be making sure that I have a strategy, which I've been starting to implement, but it's already starting my [00:16:00] robust and antifragile strategy with that. But I think before the past few months it had been just figuring out that where's it going to go better, allocating it versus getting a lump sum and then going.
[00:16:13] All right. What do I do now? Like w where you don't want to go to that, like, all right. Well, I, haven't gone to this place to eat in a long time. I live in LA, there's so many great places. It's like, have you got a meal? Like a meal, but it's not cheap, and I've put some, Being able to work with you and working in restaurants male is like a, it's like a spiritual experience when you have a good meal, it's like, it's amazing.
[00:16:35] Right? So things like that, making sure that I don't let I think with money, my biggest vice would be like, like going to a restaurant. I love run that through the framework. So, okay. Money is you have money coming in. You have money going out. Like, how would you define your current financial strategy and how could you maybe move it up the spectrum from potentially fragile to robust antifragile?
[00:17:00] Where I am now is I've already started investing I've created a plan to invest a small amount monthly into Bitcoin and yeah. Be the most antifragile strategy you've ever had in your life. But you know what, it's the one piece it's so funny though, because I, since I've started it. Like I was talking to my brother the other day and he was saying, like I told him, I was like, Hey, I put $25 into Bitcoin.
[00:17:25] And I think I could do that every month and possibly more. And he was like, that's great. So then he sent me like coins and then he sent me like a bunch of other stuff. He's like, Hey, I'm going to send you a light coin and I'm gonna send you some of my Bitcoin. To get your portfolio started. And he's like, you're, he was like, you're when you start taking action and creating antifragile things, it's like, there's other, also other factors that happen, like people come out of the woodwork to help you out.
[00:17:52] That's the universe, that's quantum mechanics universe. That's like Joe Dispenza's work visualization manifestation. It really is amazing. A [00:18:00] quick note about the crypto. So things are really hyped up right now and really high, which. Does include Bitcoin, but it but Bitcoin is the only actual thing.
[00:18:09] Everything else is just speculation. Most of them are going to go to zero and be worth nothing. So I would any old coins you have look at where the market is. Is it high from when it, where it has been? If it has sell and transfer it to Bitcoin? And I think through the apps, you can even just transfer it to Bitcoin.
[00:18:26] So instead of going to dollars then to Bitcoin and we'll have more transaction fees go straight from like light coin to Bitcoin, I think there's less transaction fees. Yeah. And he was he was saying how light coins in a bull market right now. So he's like, once it gets to the highest, he's like, I would suggest you'd sell and then get Bitcoin.
[00:18:40] Yeah. And always sell a little bit earlier than what you think, because people will be trying to time the market. And most people are wrong. If you get lucky, you don't want to. Yeah. being lucky with your finances or having to be lucky with your finances? Is they extremely fragile strategy?
[00:18:51]Being antifragile is like selling sooner than other people missing out on some gains, but locking up gains. Yep. Right? So greed is obviously antifragile. Conservative ism can be. Wait, greatest fragile being a little bit more conservative than everyone else or doing the opposite of what most people are doing is a antifragile strategy for many reasons.
[00:19:12] Right. So that's what I recommend on that. So, but finish the finances. So you, what about spending an income? Like how has that maybe fragile antifragile? Cause it sounds like the first thing you're doing that you weren't doing, you're buying Bitcoin. Now you're actually doing something that makes you any fragile to everything though.
[00:19:28] Like people who you and people don't even realize how much of an antifragile strategy, just for everything security, finances, wealth, potentially getting out of the country or into another country. Like Bitcoin literally does everything. It's the ultimate insurance policy for everything. Right?
[00:19:42] So what about like income and spending? Cause it sounded like you get money, then you want to spend it. Yeah. And so your mindset is like a S like a spending mindset, but how does focusing on spending make you actually fragile with like your work and money and job or whatever? Well, focusing on spending I mean, it eventually [00:20:00] makes you in the immediate, you're not fragile cause you're, I guess you're getting things to to create an immediate pleasure response.
[00:20:07] But then I, when I think when I get to the point where I need cash again, I'm like, Oh, I screwed myself, like, so, okay. You getting short-term pleasure. So pleasure is actually seeking pleasure is a fragile, tragic. Yeah. Like, think about it. If you seek discipline and you forgo pleasure, what do you likely get out of it as a result of that?
[00:20:30]If you seek discipline, you normally get what it is you're striving for you get, but you get it later on. Yeah, exactly. It's a, it's called time preference. Yeah. Right. So when you miss, this is why it applies to everything. And there's so many rivals go down. But if you're in a spending mindset that makes you fragile, why?
[00:20:48] Because now you have to still make money and that maybe it's connected to your time. Maybe it's connected to like, like taking risks. You don't want to take, it makes you fragile because now you need to make more money. Exactly. But if you forgo pleasure, what can you do usually by forgoing pleasure? Like, what's it like, what do you can do with money?
[00:21:07] Save it, put it aside, save and invest it. Yeah. Which can grow and compound and compound. And then eventually you get to that point, which is the ultimate. Antifragility where you have fuck you money, which is basically enough money to pay for your lifestyle. No matter what you do.
[00:21:20] That's the ultimate thing and that's it. And then it grows that's. Yeah. What I'm working towards in my life. Like I'm not quite there. But like most people don't actually realize that you could get there 20 or 30 years of saving, investing properly, especially in the current opportunities we have.
[00:21:34] I mean, most people could reach a few million dollars and that will take care of them for the rest of their lives. Oh, yeah. And you don't have to break your back or like sell your soul or do things to get there. Like it's very attainable for everybody. Yeah. Especially since you can buy Bitcoin and you can like buy some big tech stocks, which are based on monopolies, like there's just so many opportunities that people don't even realize yet.
[00:21:53] People are so focused on spending. So explain back to me what I just said. So I want to make sure you really kind of [00:22:00] get it explained spending income, whatever, from the fragility and antifragility framework and saving, investing to like, like how do those all. Fall into it. And how would you label them?
[00:22:09] So I, for sure, spending needless spending that isn't investing is fragile. And investment would be an antifragile strategy because then you have a you're planning for the future. Yes. Yeah. We're safety. If shit goes haywire, you have more money for more security. Yeah. You ha you literally have somewhere you can pull from versus like, Oh, I couldn't work last week and I don't have any money now.
[00:22:32] Right. So actually having a lot of money is robust. Yeah. What would be a way of being antifragile with your money, take care of your money and investing it. Yeah. But what would be, how, what would that look like? If I became antifragile with my finances, like completely antifragile, not like seeking a diff for, but like I became antifragile.
[00:22:49]What would that look like? I mean, moving your money around, I, you mean, do you mean like a specific investment strategy or, I mean more, it's probably more closer to like you have enough money. To withstand any craziness. So that's like robustness, but then your money generates revenue for you to pay for everything.
[00:23:12] That's kind of like the, I would say like baseline that's like. Step one antifragility but the ultimate answer for antifragility is you have money and assets to make money, no matter what you do. So you work, you don't have to work at all. You're not tied to that. And then your money actually keeps growing because you keep reinvesting extra above your living.
[00:23:31] So for example, like if you were making $10,000 a month in passive income and you lived on five. You could do nothing and you're still growing your wealth every month. Right? So that to me is that's like fate, that's like level two antifragility level three is having a strategy. This is what we all want.
[00:23:48] We want those first two levels, but we also want to have a financial structure so that if the dollar collapses and things go crazy, we actually benefit. Right. Meaning like we get like our [00:24:00] portfolio explodes. Right. Okay. So that's what, like the dude in the big, short did. Right. Or like, you seem to love dude, like he's, he makes money when things go haywire and he makes like, he he creates, he goes into barbell strategy.
[00:24:12] So like, you have your safe things, like maybe you have gold, silver or whatever. And you have some, maybe real estate, whatever you have these things as like that are relatively safe. Right. And then you have something like Bitcoin that if the dark collapses Bitcoin is going to be astronomically, it's just going to skyrocket.
[00:24:28] So, so you have safety on this end to kind of balance out the high risk high return on this end, even though at this point, I don't even believe Bitcoin is like high risk. Like to me, it's just like, it's just the thing. Right? So it's like, it's not it's not even like really a barbell because it's so much less risk.
[00:24:42] So it's kind of lopsided, which is fine. It's better because you want less risk. The ultimate for antifragility is to having assets. That pay for your life and you keep growing and then if things go crazy, bad, you skyrocket. Right. Which is, I mean, at this point it's mostly Bitcoin that allows you to do that.
[00:25:01] But there are certain things like the advanced financial guys, like things I don't understand, but like options and puts in like insurance policies, like there's things you can do where you can kind of protect your downside risk and like, so limit your risk, but then have like massive. Upside in case there's like a black Swan, right?
[00:25:16] So there's a strategy to that. And some of that's a little bit more outside of my understanding for me, it's just buy Bitcoin. And you're literally says antifragile is you're ever going to be for everything, for security or safety and your potential wealth generation.
[00:25:30] This is so awesome. Auntie antifragile, I think this might've been okay. I think was seriously to something with changing, from mindset, to just antifragile in general and mindset being one of the pillars, because I, some people may have the mindset, but they don't have the external factors in their life that are antifragile exactly to what you're saying, their wealth their health, their, whatever, their exit plan is.
[00:25:53] It's funny because last year when we lost our jobs, now that you say are antifragile, it's like all clicking last year when [00:26:00] we lost our jobs. I was like, okay, not only was this bad for my shit job. Right. To pay the bills. This was bad for the career that I chose, that I want to pursue because comedians couldn't perform.
[00:26:13] And in that time I then went, what is a career? What is a lifelong career that I can create that in, in war time? In pandemic and having to go to work, dude, this is so crazy. I'm sorry. It's like all starting to fire off and like connect. You're like filling the spaces for me because I was like, okay, I'm going to do content.
[00:26:36] I'm going to do podcasting. I'm going to do, in, even in wartime people relied on. Radio to get their news on the war or listen to top 40 music in the fifties. So I was like, what the I'm going. I need to figure out something that is basically unshare. There, there may be some low months and some high months but something that's unshakable to external factors like, okay, I can't lose my job gets better through external factors.
[00:27:04]Exactly. That continues. It keeps growing. What are some industries that were actually antifragile to 2020 PR was, what do you want to, but like PR and marketing under the umbrella of marketing. Well, why would marketing have been antifragile? What if you're in marketing for commercial real estate properties or something?
[00:27:23] Eventually people ended up there was like a small few months where those people were. And I only know this because my wife works in PR and marketing right now. And this is from like the data from the companies she's worked with, but they have these, they had this small lapse in time where people didn't know what to do.
[00:27:40] And then they realized they needed. They needed to further their efforts to communicate with their customers, communicate with, if you're a real estate agent, you're like our interest rates, you highlight interest rates being the lowest they've been, and so I think that's absolutely one of them.
[00:27:55]Some of the more obvious ones, like couple companies like that everyone knows about dif you, you [00:28:00] wanna talk about like companies specifically, Amazon. Okay, well, why would Amazon be antifragile to a pin, to the 2020 pen? They made everything really easy and very convenient re traditional retail shutdown.
[00:28:13] Yep. So I've got massive boost, right? And they were already accum. They were already doing their thing. They were still growing, but the uncertainty of 2020 gave them make a better growth. It was just crazy. What are we, what is the platform we're on right now? Currently zoom, zoom exploded. Exactly. Yeah.
[00:28:31] So they were a company that was providing a service. It was good. People use the here and there. I use it for podcasts there, antifragile to something like a pandemic, because then everybody needs to use zoom and they've like their market cap, billions and billion. Yep. So just generally getting online right now would be an antifragile strategy.
[00:28:49] Having an audience, having exactly creating content. You're going to do it. If there's a pandemic or not, or if there's a pandemic you can skyrocket right. And have massive upside. So yes. You also own your own content. You own your own platform that makes you antifragile because you don't rely on a boss or employer.
[00:29:06] Nobody can fire you. Right? Like, so yeah, I mean, like having an online business, I mean, at this point is like massively antifragile. I would much rather have that than a retail shop that got shut down by government bureaucrat, nonsense. Like. And I have no recourse, nothing I can do. Yeah. I remember thinking I wanted to open a restaurant and now I'm at the point where I'm like, okay, maybe when I get to a, fuck you, money.
[00:29:29] Quote, unquote area. I could open a small place. That's like to go only where I can just, cloud kitchen. Instagram drop limited edition, like one of product. Yep. You got to listen to the, my first million podcasts. They talk about this quite a bit. Look at some of the ones they've talked about, cloud kitchens and whatever.
[00:29:46] And one of the recent two that came out there was like a beast burger. You know what I'm saying? That's the model. But there's like this there's these cookie companies that have these massive Instagrams where they do like a limited release and they sell it in like seconds. And then they just make [00:30:00] a new creation post on Instagram and the shit sells out and they ship it all over the world.
[00:30:03] Like what a fucking amazing business model. That's also as antifragile as can be. Yeah. Our restaurant is fragile if it relies on foot traffic. Yeah. Right. But if you create a brand around your restaurant, like Alania in Chicago and this other restaurant that they have, they sell their tickets online. They sold out for the entire season in like seven.
[00:30:24] And like, I think like seven hours or something, because they have a brand, they have put our content and they dumb things. Most restaurants just focused on staying in the little area, getting their market. Well, what happens if like 2020 happens again? Well, that restaurant is fragile. Yeah, but when you have a brand and you've put our content doing other things, you can actually benefit because then everyone's like looking for where's a restaurant I can get from or whatever.
[00:30:47] And you're already in front of them where they know you, where they go to you while all these other restaurants, like, are only known by like the small neighborhood they're in or whatever. Right. So, yeah, I mean, these ideas are just massive for everything in life and we'll be covering them more.
[00:31:01] I think every Wednesday we're going to do. I'd probably pick a topic like we'll do Bitcoin, then we'll do like some physical safety stuff then we'll do like, we'll kind of pick apart each pillar and he's sub pillar. And then just talk about them, do your presentation. And then in ways that people could be antifragile in their life and where are you?
[00:31:18] Not, where are you fragile? How can you reinforce those things and, or become more robust? I mean, we even like, it's awesome that you actually broke it down to okay. There's levels of it. If you're not just answering, because exactly right. That's it, the friends, because you have a bunch of money. If you live frugally, you are now even more antifragile because you have even more, you're not living paycheck to paycheck or, if you're getting a monthly income, it's essentially paycheck to paycheck as well.
[00:31:45] If you're making 10,000, you're not living up to 9,099. You're living below that if you can, which most people can. I mean, that's what we've gotten ourselves to. We realize like, we meditate on the fact like, Oh, even if I came into a lump [00:32:00] sum of money, what I want is no different.
[00:32:02] That just means I have more time. I can just stop doing stupid shit, and completely let myself go too. Those things to the things that I want to continue doing. If I came in, if I win the lottery, I wouldn't stop doing comedy. I would just stop doing other things. Yeah. I would continue podcasts and continue growing.
[00:32:22]I may be able to get things like a studio, something separate that's specifically a workspace and nothing has changed the size house. We want the satellite. Nothing has really changed. I think at most we've said like, I want to put money from a house into land eventually. Yeah. And that's as wild as it gets.
[00:32:43] Well, will you say that now? But if you were written a big check, it would be very hard to resist all the things that you now think you need, but at least to the main point of what is the ultimate antifragile strategy when it comes to money and like you, the person. Yeah. Like how can the human be the most antifragile so that if tomorrow they lost all their money.
[00:33:02] Yeah. They could still do something. W what do you think that would be? How can besides content besides building a brand, how can someone become the most antifragile to money so that if you lost everything tomorrow, Right, or I w I mean, robust plus antifragile, I guess you could say it's antifragile it's somewhere on the spectrum, but what's the best way to, I would say robust, what's the best way to be as robust as you can, to the risk of like financial ruin.
[00:33:26] Like if you lost everything, what could a person do? Change your mindset? Yes. What would that lead? So then what would you do with the mindset? Prepare to lose everything. Okay. Like putting fail safes in place so that if things like Bitcoin, if the dollar crashes well, that's financially that, so, I mean more the person, so let's just assume you lost everything and no investments, whatever.
[00:33:52] And you're just at like literally homeless. What would be your assets? What would be the first thing you would do? Shelter. Okay. [00:34:00] You get shelter, but friends and family would give you that, right? Correct. So you have you have that? What would be the thing that you would do to generate money? If you lost everything, try to work, find a job.
[00:34:12] Okay. But if you have, if you don't have any skills and all you can do is clean toilets. That's about as low on the totem pole as you can be. Right. But if you have skills and experience and knowledge, right, you can go work for a business owner or company and then immediately, right. Get back to where you were, get some income, whatever.
[00:34:33] So, so, so skills and knowledge, exactly. The more you have, the more robust you are to financial ruin. And you could even say that you could be antifragile in a little way, because if you lost everything, like I know that if I lost everything, I would actually probably. Get to that next level, my work, and just like fear.
[00:34:49] I would just crush everything and I'd be like nothing to lose. Now. I'm going to go out there and work 16 hours a day for a year. I'm gonna get it all back and I'm gonna do things I don't want to do. There's no comfort. There's no, like if that's how I responded to losing everything, I would actually be antifragile to financial ruin because it would make me better.
[00:35:07] And it would likely make me more money over the long run because I would then do new things or whatever. Yeah. They ask Gary V about cell time. W when they, like, what what do you feel like you change? He's like, I feel like, or like, what would you do if you started at nothing with the knowledge you have now is like a fucking crush it 10 times exactly.
[00:35:24] Faster and easier, right? Like, of course that's why, yeah. Knowledge, experience, how you think all these things, all these habits, these skills. These are the things that truly make you antifragile. I mean, cause if you can't see these opportunities or if you can't respond to things in this way, you will create fragilities.
[00:35:40] And that's why self-awareness is so important knowing who you are and knowing what you want. Like. Yeah. It all comes down to the line. It's funny though. Cause that's where we just were though, like damn headphones get knocked out of my ears. Oh shit. That's where we just were. Me and my wife lost our ability to make income one because our local economies shut down.
[00:35:59] Yup. [00:36:00] That was the biggest thing. It's like, I literally can't go do anything crazy. Yeah. And th and then, we had to get on unemployment out of just like, there's no way there's nothing to do. Yeah but here's the one thing though, you could have been more antifragile if you didn't have to stay in California.
[00:36:17] Oh a hundred percent. Like, it's your mindset that keeps you there. So it's like box, you put yourself in. Maybe you don't even, you're not even aware of it though. No. I'm completely aware of it. We had a go-bag I had a luggage with the, with doc important documents that we would need if we had to cross state lines every we had a set amount of money aside where we're like, we don't even put that towards food.
[00:36:37] That is our go money. Like we get the hell out of here. We had an exit strategy. You were ready to go. So. And I think I'm trying to take it to the next level where it's like, I mean, we were literally in a point with no money and we were like, okay, we know what our emergency exit strategy is. We got that.
[00:36:53] I'm not worried about that at all. I have a five. I have I have a three gallon, three gallon, extra jug back here of gas that I got in the beginning from tips that I had at work. Yeah. Cause I'm like if I had to and I wrapped it in a plastic bag, I was like, it's good. If we have to go I feel I kept filling my tank every time I had cash to make sure, like, that's my eggs, that's my strategy, my car.
[00:37:14] And I had food for my dog. I had, like medicine that my wife needed. We stocked up on insulin. I mean, we were ready to go. If things really went bad right now, then we had to tow that line of like, okay. Things aren't extremely bad yet. We're okay. We can stay here. What do we do in that time?
[00:37:33] How do we create how do we create that, finding a new career. And we basically just did that. We went to zero, that's a zero as we can get without having to leave. Right. And go back home, and we've rebuilt from that. And that's where I am now is where we are from, I think last year, really, like you said, I'm, I undid as much as the pandemic stopped a bunch of stuff I was doing.
[00:37:55] I did so many bad habits where I was like, Oh, I thought I was at like a good [00:38:00] point. And I was able to really throw, I was able to just clear everything off the table and start rebuilding. And now I'm more of the ma like, I have a better, I'm more flexible. I'm more antenna antifragile. Well, you responded with like a growth mindset.
[00:38:14] Antifragile. Mine was an antifragile mindset. You take in what's around you and you use it for fuel to adapt, to learn, to grow. I mean, a lot of people did, a lot of people got worse off, they got more afraid, more fearful, got more unhealthy. So, I mean, that's good on you for doing that.
[00:38:28]And you also protected your downside. So you got strategies to be as robust as possible, maybe as robust as you could with what you had, which is huge. Yeah, so that's good. I mean, that's kind of, we also explained, the 2020. For you with these terms. And now you can kind of think about them clearly, and it will also help you in the future, as you're thinking about what should we do?
[00:38:50] What should we not do? Like, well, this will I be, well, I get this job to make some money, but will it create fragilities in my health or my mindset or the true passion I want to do like everything in life is this cost benefit analysis. Does it make me more fragile? Is it a robust strategy? Have I done everything I can?
[00:39:06] Can I do a little bit more? How can it be antifragile, et cetera? And it's just a perfect way to think about how to modulate these leavers in life to just to be awesome. Right. Okay. Yeah. Well, so 30 minutes, but it was an hour again, better human newsletter over at conduct coach. You can follow them Armando and Armando reviewer comedy.
[00:39:24] Is that right? Yup. Yup. Yup. And if you want to be antifragile with your content, you should be putting out content every day. The more content you put out the better, because then the more habit you have, the easier it gets, the more streamlined it gets, the more exposure getting the more eyeballs, et cetera.
[00:39:38] Yeah. And that's one thing you just pointed onto my fragility of like, I put it out there will people like it, is this the best it's going to be? I should have put it out there. Yeah. So in Taoism, in the town Dow to Chang, right. Bye. Bye. I'm loud. Must read book by everybody. It's like a buck on Kindle, [00:40:00] or you can get the audible for like next to nothing, but there's a line there basically.
[00:40:03] Like if you care about other people's approve you approval, you will forever be their slave. Right. Caring about other people's approval, right. Or really caring about what other people think in any way, whether it's friends, family, whatever for the most part is a fragile strategy. Like you can only really break it.
[00:40:19] And the more you get cuddled into it, the more fragile it becomes, the more easier it is to break. Whereas an antifragile strategy is you go through the hard part of being yourself, doing your thing, whatever. Maybe some people leave you, maybe some people criticize you. Maybe some people make fun of you, right.
[00:40:33] But then you get to that point where people actually start respecting you. The people that really are there for the long haul are even more so. Like, right. And then you get the positive upside of doing your own thing. And then when people start, like we talked about the hecklers and people start leaving negative comments on YouTube, you it's fuel and fires you up.
[00:40:50] You even laugh at it makes you happy. Cause you know, you're doing something you need to do. Like is if everybody agree with you, you're not doing anything. You're just being a vanilla boring POS. Yeah. Right. Yeah. All right. So that's going to be for today. We'll see you next Wednesday, 2:00 PM. Central 3:00 PM.
[00:41:05] Eastern. And then what time is it for you over there? Like one 12. Yeah, 12:00 PM Sophia Pacific and three o'clock Eastern time. Right. And 2:00 PM central. Yup. There you go. All right. All right, Armando, but all the time, get it done. Peace out. Say man. Yeah.
The Almanack of Naval Ravikant: I own the Kindle version, a physical copy and the free PDF. It's that good.
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