Personal Development

Terry Crews and Richard Koch (#752)

9 July 2024
Bourahima


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.

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#752: Terry Crews and Richard Koch

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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

Connect with Richard Koch:

Website | Twitter

PEOPLE MENTIONED

The Tim Ferriss Show is one of the most popular podcasts in the world with more than one billion downloads. It has been selected for “Best of Apple Podcasts” three times, it is often the #1 interview podcast across all of Apple Podcasts, and it’s been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.