 The optimal frontier this is the reward this is the level of boldness this is the on that graph this is the reward for being bold fortune is what you seek all right sorry this is the other way fortune here's boldness here is the fortune the optimal frontier no boldness you're at the bottom no benefit no fortune you rise in your boldness like Julia Caesar like Alexander the Great but all of a sudden you become too bold like Alexander the Great and now your reward is and fortune is back to zero what happened to Alexander the Great he began to go he continued to go east and conquer and conquer and conquer and conquer and his troops said let's slow down let's slow down let's slow down we're already winning the world we're already winning and he said no I must be bold and an arrow shot him or a person shot him with an arrow I should say and he died I believe of an infection at a young age I believe who's 31 he had conquered the known world but he did not understand the optimal the efficient frontier and you find that efficient frontier at every area of life making money there's a Daniel Kahneman won a Nobel Prize and in this subject more he's a he's a cross between maybe an economist and a neuro you know a neuroscientist so what he said was okay so when you're making forty thousand dollars a year in the United States you're not very happy right everything's out of reach you don't feel like you have enough fortune and you begin to make more money in this marginal reaction it's a huge reaction when you go from making forty to a hundred thousand dollars but then at some point increase in money doesn't increase happiness more money more problems look at some of the people at the top top of the four list some of them like Elon Musk even admit that they have times of you know tremendous unhappiness depression so on so where is the optimal frontier of making money it's probably before you get on the Forbes list is it actually efficient to be so bold that you try to get on the Forbes list probably not and as I said it's also unrealistic people will tell you that you can be anything you want and everybody can be a billionaire but as I said the map doesn't add up a billions a thousand million a thousand billions a trillion the entire net worth of planet Earth is estimated at around 250 trillion so that means under a million people in this world could be a billion people billionaire and everybody else would be what in fiefdom a surf an indentured slave that would not be a good world there's something called a genie index and it measures the wealth disparity between the wealthiest and those who are most impoverished you look at a company like a country like the Philippines for example very that's just one country that I remember being as it has a ratio that's completely off tremendous wealth I mean the United States is somewhat that way but you're actually happier to be a billionaire in Sweden Sweden has more billionaires per capita than the United States and they're happier when that index gets off in places like Rio de Janeiro places like Johannesburg South Africa you have tremendous crime you get kidnapped I know a billionaire they got kidnapped a famous billionaire the owner of Sears Eddie Lambert read his Wikipedia it was he was kidnapped as a billionaire he certainly not gonna have a good life and but you don't get kidnapped in Sweden because there's a wealth disparity that's very the gap is very small and so that's why I said fortune favors the bold countries but if a country becomes too bold too individualistic it actually reverts back to very low happiness America is not the best place to be rich at any level of kind of logical thinking right Scandinavia is better to be wealthy now there's places less exciting to have a fortune than the United States there's many but the point being what I'm trying to say in what I'm talking about is you know understanding Aristotelian mean the Aristotelian mean means the balance you know and very few people teach balance and most of social media is what it's a person telling you to just do you be you it's a person that's either a very Republican very conservative or very democratic this is the opposite for fortune favors the balanced person that's really I put fortune favors the bold because this is a very you know this is a famous saying and somebody said I'm spewing anti-Americanism I'm not I'm not pro I I'm too logical to be pro or anti any country I'm just not I don't think that way I cannot a sucker you can't emotionally attach me to an artificial geographic boundary it's not possible you can try you can try to shame me and say oh you're not this you're not that I don't care I'm too logical to be moved at any any semblance of movement will not happen if you say wow this country's God's country there is no God's country if you believe there's a God then clearly especially if you believe there's a God clearly God will not favor a place who would you favor one of your children if you are a good father or a good mother would you say oh that's my favorite son that's my favorite daughter and this other one I'll leave you know of course not if you're an atheist then you don't but then you and you don't believe America or any country's God's country then you look at pure statistics America is pretty good I'm not anti-American I'm completely like I said I'm too logical to care about any kind of emotional perception of man-made boundaries which America do you love do you love the America of the 1780s that the fact founding fathers had built which was a very small there was no Louisiana there was no Florida there was no Arizona there was no California is that the America you love did you love the America the 1940s there was no Hawaii what America do you love or do you love the conception of America which is rugged individualism which is each person kind of Adam Smith pursuing their own selfish interest the invisible hand of Adam Smith which America isn't for necessarily America's not a pure capitalistic country you have social net you have a social net aka social security in the 18 do you love the America the 1800s or there's no income tax in 1800 that was zero zero income tax there was some property tax but I but that's what I say it's like I'm too logical to love a country but I'm also too logical to hate a country I don't hate America I think you should fortune favors though those who can see clearly with less emotion there's a time for an emotion with your family with your kids with your friends with your love life but as you analyze and move forward to this life emotion will be your greatest enemy because it would lead you into delusion and most people are very delusional so to them each person loves their country and so countries go to war and World Wars happen 100 years ago almost exactly a little before in August 1914 what happened the famous guns of August you know the famous book all the world's went to war and one out of three people was killed and then not really 21 years later World War one ended in 1918 at 11th month the 11th day at the 11th hour 11 11 11 and the world spun because of the nationalism and people loving their country more than any other country guess what happened next World War two the love of the excessive patriotism patriotism kills everything you want but again it's on the optimal frontier you should have some patriotism but not excessive you should be intelligent logical non-emotional non-weak-willed not easily duped somebody who thinks with a free mind and says let's look at America what's good about America here's 17 things great about America here's 17 things that suck and but every country's that way some countries the ratio sucks more than others North Korea probably has you know two good things about living there it has some beautiful mountains for example the people the ordinary person in North Korea is probably as good a person as you'll find anywhere else there are humble farmers and people have gone through stress they're probably good people that I'd love to be around yet the ratio of good to bad in North Korea is probably horrific so you look around the world and you look and by the way every country would benefit from this type mentality because you can take the best out what does a great business person do what a great business person does is they look at other companies and they take the best as Pablo Picasso said good artist copy but great artist steel what Pablo Picasso is saying is I Pablo Picasso have stolen from the great masters who came before me the Michelangelo's the Leonardo da Vinci's you know they look to that those great Greek artists and the Persian art all this was Pablo Picasso built upon that he was the most prolific artist of his time you know did 60,000 pieces of art before Pablo Picasso died but he was still open to taking the best from everything and so if you really love America you'll stop loving delusion and you'll go what's great about America and what do we improve on and what do we fucking change and if you're Swedish you do the same thing and so at the root of all evil for the most part you know what the root of all evil is strong beliefs convictions as the famous saying goes convictions are great at greater enemies of the truth and lies look around the world people have conviction with no competency one of my 67 steps I said this to business people from when does that company confidence come you have no fucking scale it's like you go to a gym and you got a friend that's the most confident person but you put them on the bench press and they can't even bench press the bar and you look at your art brah you're way too confident you have no confidence you don't deserve the level of confidence that you feel surging through your blood tone it down and bring it back you know and so in this world you have to be well calibrated and so fortune favors the well calibrated you see we're taught that oh in life the most important thing is just love yourself well yes and no there's also truth that there's a time to hate yourself it's called it's like the great philosopher Hegel said you have thesis antithesis and synthesis meaning most truths the reciprocal is also true so you should love yourself but there's a time to hate yourself there's a time to love what you're doing or time to look yourself in the mirror and go what the fuck how did I get off track time to turn my life around you see exactly the optimal frontier of loving yourself you can love yourself too little on the frontier you're at the bottom and so this signifies the level of happiness or fortune you will experience in life if you are completely self-loathing and hated and a person full of hatred to oneself in an uncalibrated way you shouldn't hate yourself in for example some people hate themselves I know beautiful women that think they're ugly that's bad calibration you can also be under appreciative of yourself you know and you meet people and I what happened to you what trauma happened to you that got your brain upside down so to make money to be happy to have a country that wins to find fortune you're going to have to have too little self-esteem is horrible but then as you move too high the optimal frontier drops off the graph drops and now you come back and you find people who overly love themselves and now fortune leaves you fortune is a fate is a fickle mistress you know a mistress is somebody who loves you and then falls out of love and falls in love with another person and so throughout time people have lived long enough so wow you can think you're on top of the world but then it's taken from you and therefore that's what I said the reason fortune favors the bold if you want a fortune the reason in favor is because when things are even close to going your way you better make a lot of hay while the sun shines you better make a lot of hay and right now the world has a lot of sunshine and most people ain't at all grabbing that fortune they're not I see people lazy people playing video games all that people you know just like Thoreau said the massive men lead lives of quiet desperation what's called desperate resignation is just confirmed desperation many people just you know wallow in their desperation and part of that is hormonal and chemical and genetic but some of it is just bad education and Aristotle also said you know the fortune of empires rests on the education of the youth and now what's the education system doing it's still outdated you know what I'm talking about now nobody talks about in school what's going on here nobody's talking about the balance between loving yourself schools are very extreme right now they only teach one philosophy you know somebody asked me if I'm on TRT I get that question a lot people want to know about steroids I've tried everything but I'm not on nothing except vitamins this is post-workout I'm not big enough to be on steroids but I will take that as a compliment I've tried I'm working on this book called a million dollar body protocol so basically how can you a busy person like me I own a lot of companies on basically 23 assets some really big like Radio Shack Pier one you know these were an iron figure kind of revenue companies every day I wake up and I have 280 people that work for me on my zoom call who run it not everybody who worked for me comes on the zoom call but I have 280 people I talked to every day well Monday through Friday I didn't do it today because it's Thanksgiving and I have to lead an army and so million dollar body protocol it's not out yet but it's basically how can you stay in shape while trying to pursue your fortune as the title goes fortune favors also the purors and that can balance their health with their wealth you know so yeah interesting world fortune it's funny what I'm telling you is true this is the greatest moment in history to be bold with whatever you want out of life yet if you go look at the media if I look at my Twitter feed or I look at anything it seems to be the worst time to be alive and that therein is it that is a horrific crime imposed upon people across the world is that the news in the media is actually it's duping you into think that's it now is such a bad time to be alive when else would you rather be alive name a moment you would rather be alive just name a year we're live here when would you rather be alive name any moment remotely better than right now what's a year anytime any moment 1900s 1800s 1950 1950 my grandma this is an interesting story my grandma's mother my great-grandmother I never met her she was German came from Germany to visit my grandma and she was in Dallas either bus station or airport I if it was part of the bus station she got arrested for going in the colored bat they had colored bathrooms what a horrible world 1950s America people still had to drink out of different water fountains that's how stupid think how stupid the world is that you actually thought you had to drink out of different water fountains I mean this is the level of IQ of planet Earth in America and other countries in 1950 I mean I can think of reasons that you want to discriminate against people you should discriminate against annoying people that's what I discriminate against but the discriminate about water fountains the fuck so never bring up the 1950s unless you have no ability to remotely think through anything logically and you have the kind of ontological prowess of an ant the 50s leave it to beaver I want a good time women trapped in marriages couldn't get out make a society said you shouldn't cold war Stalin was still alive sending people to the gulag I mean people have this insular understanding of life so I'll tell you one thing fortune favors people who read history fortune favors people who read history the fashion was the good thing about the 50s 1950s Elvis Presley was the greatest style ever I would beg to differ greatest styles were like part of the Native Americans they had like all these cool tattoos or Samoans or something like that they got these cool tattoos tattoo their face up all that stuff they used to be very I mean I think that was way cooler there's I just read a book about Oatman there was a woman captured by the Mojave Indians a Mormon woman captured her they killed dating killer from the patches killed her family and she was traded to the Mojave Indians she had this this tattoo all the women got bars on her she was beautiful it's funny in the 1800s there's a book about her she looks like a modern-day model so I doubt the 1950s by any conception were best times think about the towel times of you know what's modern-day Italy now they had all these silk Chinese empires Marco polo times people were walking around and silk everything it was beautiful fortune favors those who understand the timeline of history do you understand the timeline of history or you trapped in an insular last five years is your entire world that's that's what the modern education system does it makes history so boring that not one person knows anything about history I literally can go a year with millions of social media followers and not one person has even anything interesting in their brain around his around any history people are just stuck in their times stuck playing video games trapped in the world of oh I'm depressed because you know my air conditioning is not working fortune favors those who understand the timeline of history because it also allows you to withstand the inevitable variance of fate you will not always have every day equal to the next day so when you can't put things in perspective you're like a small child you know you're like a two year old oh when you're two years old you have no perspective on life so every moment when your mom won't give you a carrot or something you flip out like it's the biggest thing that but that's how adults are now the only I mean the thing that's better about past generations maybe not the 1950s but people had to read more now everybody you know I got nothing against tick talk and Instagram but shit people are watching one hour of people dance around lip-syncing stuff what come on you got a budget stuff fortune favors those who budget time fortune favors those who say oh three minutes a day I'll watch tick-tock people dancing around and that's it fortune favors those people if you have no conception of budgeting of your time fortune definitely doesn't favor you you will die never having experience even one-tenth of the potential life you could have had yeah fortune favors those who can focus but I like to think of it as a budget of time focus is overrated because fortune doesn't always favor those who focus because most people are focused on the wrong thing as one of my mentors Joel Southson said the worst thing in life is to grow old and realize you got good at the wrong thing ask your parents ask your uncles ask your aunts most of them if they're honest and having an honest moment around the Thanksgiving table they'll realize shit I'm good at a profession that I hate you know so it's not that fortune favors those who focus I would say fortune favors those who are efficient allocators of scarce resources which is the concept of capitalism or any economic system whether it be communism central command social republics like there are social democracies like you have in Scandinavia everything is the allocation of scarce resources as I said if you're 47 or under you're a time billionaire you have at least a billion seconds if you live to the statistical age that men and women average let's say late 70s so fortune favors those who dispense those moments and seconds wisely I had to decide if I wanted to come and do this call right now this live video you know and I have to be efficient allocator of not only my money have to be that way with money there's somebody on here right now I meet people all the day time they go through my programs I can tell you many times people have been like time in a million bucks that I told them hold on to that money baby and a year later they're broke because they weren't efficient allocators of the fortune that they found themselves finding some of you are rich or gonna get rich and you have a friend who's gonna betray you and take it all or a family member or somebody you thought who was your friend the betrayal of those who are acquaintances and even peers and even family is a real thing fortune favors the person who can read their social circle and go that person can't be in my life anymore that's the allocation that's the efficient allocator of capital time capital social capital economic capital what you read when you read how much time you spend in entertainment versus reality how much time you spend at the gym how you allocate the food look here's the problem with the modern food system that people kind of talk about but it's not just that junk foods bad for you let's say junk food was not bad for you it was neutral well guess what if it's neutral you still have can only take in so many calories or you will get fat no matter what anyone tells you there's such a thing as being overweight in every species okay every mammal can be overweight cows horses pigs humans ain't nothing we ain't above the animals this is a myth okay if anything all species are equal in that sense we do have a bigger we have a you know mpfc medium prefrontal cortex that other species don't necessarily have done me humans are no more important than other mammals if you believe that then what you're also saying is the smartest human is more entitled to a good life than someone who's not as smart which nobody would take that moral position what do you think only the smartest people in the world are they're more important than those who are handicapped no course not so just the fact anyway going back to what I was saying you're gonna have to allocate food because even if you eat neutral foods you won't get enough protein before you hit your calorie max it's called empty calories but even if you find something that's not you know Doritos you still have empty calories because you have an allocation let's say most people are between 1800 and 2800 calories you can eat so that's the allocation so fortune favors the allocators of resources and each of you you know a lot of people thought I want to get rich you know I want to it's like there's not infinite wealth there's not infinite wealth you can hold and there's not infinite wealth you can pursue you see as a double-edged sword some people think that there's endless wealth you can pursue there's not there's only 250 trillion dollars in the world most of it's locked up in real estate most of it's locked up outside of your reach okay so there's not infinite resources you can pursue and at the flip side you could not utilize infinite resources so going back to the fishing frontier where how much wealth do you really need there's a famous story I think it's toll story tells this story so it's a Russian an ancient Russian kingdom long ago we'll call it maybe you know what's one of the famous Russian leaders was the terrible not the terrible why is it alluding me right now I'll remember Catherine the great will take she was one of the great female leaders of any country so back in those times we'll say there was a man and he did something for the king and the king rewarded him by saying listen to me I will give you all the wealth all the land that you can run around walk around before the sun sets so this peasant said great I am going to become wealthy today and he took off here here was the throne and he started walking and anything he walked around but the king said you have to be back before the sun comes down you have to be back before the sun comes down or you get nothing so the man began to walk and he got greedier and greeter is like should I turn back it's already noon it's already 2 p.m. the son's gonna go down at 6 but no he said I'll continue to go I'll continue to walk a little further because the further I walk out the bigger my wealth will be the greater my empire back then wealth was mostly in land agricultural resources and he began to go and then finally said okay I'm being pretty greedy pigs get fat hogs are slaughtered I'm gonna turn around he began to turn around but by then it was about four o'clock so you realize you better jog back so he started to jog back and he realized who's the far away and he wasn't gonna make it back and none of the land would be his none of the wealth so he began to sprint back and he sprint so hard he finally made it the last 60 seconds before that sunset down and he lost all the fortune that he was about to inherit and he fell over from a heart attack and he died and they buried him in a regular coffin whatever six by they put him in the ground a little hole in the ground whatever it is six by four or something and the moral of the story was how much wealth does a man need that's about that much because you all end up in the grave so those of fortune favors those who are not too greedy fortune favors those who are not too greedy happens all the time all the time people are creating wealth and then they want a little bit more and they push so far that something else gives as the great law of physics says for every action there's an opposite and equal reaction that's called acquisitiveness the world humans we inherited acquisitive genes what's that acquisitiveness common language you call that greed yet fortune favors those who have the appropriate level of greed and the appropriate level of non materialism it's possible to be too materialistic but it's also possible I would say it's possible to be non materialistic enough only a fool doesn't realize that having some material goods or even potentially excess is wise because remember your energy and your ability to earn money is not equal throughout your whole life so you have to earn more while you're young because you ain't gonna be able to earn as much most likely when you're you know 95 years old and you can't earn a lot when you're five years old so once again you have to push harder and that's why for those who are watching this you know it's Thanksgiving I did my fifth Thanksgiving on another day because family was traveling so I'm logical Thanksgiving doesn't have to be on Thursday it just needs to be I did it a few days ago when all family could be together so it was a good thing those are actually great Thanksgiving great Thanksgiving it's funny how many people get depressed on Thanksgiving oh I don't have a family well okay if you don't have family they'll make a family world's full of horrific stories of betrayal of family or being an orphan and people survive some of the top people on the Forbes list were adopted or orphans I think it wasn't Steve Jobs and Jeff Bezos if I'm correct me if I'm wrong I think they were both you know abandoned by their blood parents and they were adopted and raised by somebody else and some of the great people in history had it even harder they grew up in a horrible I there was a guy who I have like I said every day I wake up Monday through Friday and I do a zoom call I have people work for me in about 30 countries I'm kind of the main to I've about 280 people that I that run my different businesses different businesses that I talked to and one of them flew out here and he's from originally from India and he's in Canada now but he told me his life story is tough man parents died in an accident when he was I think around one or two years old he was abandoned into an orphanage they beat him all the time but this guy rose out of the ashes and you'll have to be able to fortune favors people who can rise out of the ashes like a phoenix rising you know and so people become too fixated on the past circumstances and the cars that they were dealt but as I told you fate is a fickle mattress you may have had a horrible childhood but she's fickle you didn't have any fate and fortune on your side when you went through that horrible upbringing but maybe it'll swing back around when you're an adult or whatever age you are now I don't have a great upbringing either you know my dad was in prison when I was born my childhood pictures are like well my sub five-year-old childhood pictures are me in a prison yard visiting my dad but it's okay my dad never gave a shit about any of his kids I mean my dad did and did but he would not visit for 10 years so you know but it's okay I learned to love mentors which were probably some level of you know father figures for me so you rise out of the ashes fortune favors those who can rise out of the ashes can you or are you a victim of fate because if you're a victim of fate I got bad news for you you ain't gonna make it you ain't gonna make it for those of you who are tied to the past you ain't gonna make it I just be blunt with I'm gonna show when anybody says I study psychology I have mentors there are some of the greatest psychologists out there dr. David bus has mentored me for 10 years it might be the most the bit number one living psychologists on earth he wrote the textbook for Harvard you ain't gonna make it if you can't rise out of the past boy it's a rare hand it's a rare life that's full of roses all the way through and so what really ends up happening fortune favors those who have the ability I call it pop POP can you pivot out of pain can you pivot out of pain this is a great superpower people I mean it's funny people like superhero movies and all this bullshit about how I can fly and all this stuff I mean why is that you can fly you get a jet you don't need to be able to fly what you need to be able to do is pop pivot out of pain that is it that's a superpower I'm gonna give me a shirt I won't make a movie I'm gonna have a superhero not gonna have Superman it's gonna have pop on it pivot out of pain man or woman you know yeah POOP doesn't sound as good as pop does it pivot out of your pain that's all you can do and if you can't you ain't gonna make it let me let me be I am not an optimist or a pessimist my friend I'm the realist I'm just like welcome to planet earth welcome to the jungle everybody wants the fortunes of the jungle the jungle is full of beautiful things I once went to the Darien jungle in Panama was on 14 hours in a canoe we went I went with a church youth group and did medical dentistry they never seen white people before these were Darien Indians hunting with you know bow and arrows and it was beautiful in the jungle there was two cans you know those birds with all this magical colors this is in the Darien jungles between Panama and Columbia and it's full of you know it's just it's wild it's amazing yet as much as you love the fruits of the jungle you better be careful because there's piranhas I remember there was piranhas in the water and so fortune is what people want I want to be rich man I want me I got a billion dollar ID I got an app to make I'm like when you're gonna enter the jungle because a lot of people want to make money you think you're the only one you think you're competing with yourself no it's like going to play basketball and you think you're good cuz you grew up in your little hometown and you were the best basketball player in your little high school and then you moved to Los Angeles or you moved in New York and you try out for a college team or you try out walk on to a pro basketball team and also you go this is the jungle right here this is the big leagues that's the same we're making money everybody wants to make money but not everybody appreciates the jungle fortune favors people who know how to navigate the jungle I went into the jungle I remember I got on social media while people didn't like me all this dude shows Lamborghinis it's all fake he chose big houses that he leases and that's the jungle I'm okay with the jungle I made a lot of money in the jungle I'm not afraid people some people a lot of people love me much more people love me than dislike me but there's always the 10% it's called the vocal minority they're the ones gonna be in the comment it's okay I learned to be logical I learned to turn off my emotions self-evaluate is it true what people are accusing you of no then move on proceed through life proceed if people have a point and they bring up something you did wrong just be like oops my bad pivot out of it but I'm saying fact usations against me you know oh this car was a rental car Lamborghinis they were leased but that is because no fucking smart person really buys depreciation at depreciating assets I've been to a little talk with Elon Musk in like 2010 or 2013 he was renting an apartment he was putting all his capital from PayPal into appreciating assets aka solar city Tesla you know I'd be like so when you're in the jungle the jungles full of snakes spiders piranhas leopards panthers all those things I will pursue you so you have to be thought upon you have to be the brain has to be tough and that's how you create a fortune everybody wants a fortune but not everybody's ready ready for where the fortune lies which is in the middle of the Darien jungle you know you're gonna need a machete in the machete as I said it's all of these things that I've been talking about it's understanding it's first how people say it's mindset that makes you wealthy I mean that is the problem with the concept of mindset is like mindset is like okay I can do it I'm an optimist I pat myself on the back I love me that's mindset that's not what gets you logical frameworks is what you need meaning when everybody else is losing their mind you're thinking through things like a chess grandmaster said chess grandmaster I know I play chess with the grandmaster he kind of trains me his name is Fabiana drink number two in the world I think he's number four in history like one above Bobby Fisher him and Magnus Carlson compete for the best chess player alive he's methodical he's a methodical player you can't he doesn't get emotional my god I'm losing no he's thinking he's calculating 17 moves ahead both for himself on the other side and that takes brainpower so you're gonna have to take the brain it's not mindset that creates a fortune it's the mind and there's a different mindset is some mumbo jumbo personal development stuff that I don't even believe it it's the mumbo jumbo forget the mumbo jumbo it's the mind that separates you from others do you have control over the mind do you think long and hard because everybody tells me they have control over the mind but I'm like I don't know if you do I don't see the fruits of that like do you have it where's the fruits of this I know what a methodical mind looks like they're cool and calm under pressure they're contrarian when the rest of the world is you know watching the news they're reading above there you go when the rest of the world is fighting over politics they're going this doesn't even matter when the west of the world is freaked out about anything what think of how many things you could have freaked out about in the last hundred years maybe somebody watching here is a hundred years old you never know my grandma's 102 on my social media till she sadly died you know last year but you know you think clearly and you realize in the 102 years my grandma was on the earth she was born in February 1918 World War I was still going wild World War I you're talking England France Russia against Germany America drawn into it Africa drawn into it Asia drawn into Eastern Europe South Africa there was bad I mean South America there was battles whole world at war my grandma's born into that then the 1920s come in Germany was a Weimar Republic they printed too much money inflation just like America's printing too much money when you print too much money inflation comes my grandma remembers people with wheelbarrow he had to wheelbarrow the money you got paid try to get to the bank because if you didn't deposit it in time the money was worthless people use the money for kindling you wanted to start a fire you took like a hundred thousand of these you know fake they weren't dollars but I forget what they were before the marks I forget what the you burning my grandma lived through that in 1929 you had the Great Depression in America and you had many years America was in a horrible place for a long time it was only World War II the war machine which is a whole nother conversation but war machines restart economies then you had the 1940s where you had nuclear weapons go off 1950s beginning of Cold War Stalin still in power 1960s you had you know the Kennedy the Bay of Pigs the missile crisis people thought the world was gonna end 1970s you have oil issues you had stagflation 1980s you have hyperinflation rates that's the savings and loan crisis the 1990s there was also a recession then you had the early 2000 the tech bubble 2008 you have those bubbles six million people evicted from their home just this game this how the game goes but out of that fortune favors the person who just shrugs it off and goes it's all part of the jungle you walk through the jungle of course this is it somebody if you walk through the Darian jungle you wouldn't be like tie you're not even gonna believe this you're not gonna believe that there's a snake going across no in fact if you go through the jungle you're in shock if you don't see something trying to eat you you definitely know you're in trouble in the jungle that means the panther is waiting for you to pounce so some of you when you think life is perfect you should be the most concerned because you've let your guard down you're not evaluating a social circle you're not a value evaluating the people who work for you in fact a lot of the things that are worse that there's they spring out of prosperity not adversity some of you are in the midst of adversity and you don't realize that all great things spring out of adversity adversity is the mother of fortune she gives birth to the fortune that you want now once again on the optimal frontier sometimes people say oh you you know you got to live a horrible life and make a lot of mistakes to make well that's not true there's an optimal frontier here's the fortune you want here's the amount of mistakes you make if you make no mistakes you have no fortune if you all you can't Google experience that's a joke out to my mentor said you can't Google experience now can you you have to make a few mistakes but if you make too many mistakes well like Richard Dawkins says in the selfish gene organisms that can simulate the future without actually making the mistakes themselves do better than those organisms that only learn through trial and error trial and error ends you up dead that's where you end up so in the optimal frontier some of you are learning the hard way too much who here's learning the hard way too much you're making a lot of mistakes and you're patting yourself on the back and you're going oh okay this is horrible and some of you are so insulated you inherited money you haven't worked for it guess what fortune that is not waiting for you loss is waiting for you so you each of you fortune favors people who are perfectly all of finding this efficient frontier this optimal place on the graph so you have to insulate yourself some people some of you are dating the same people you're launching the same stupid businesses over and over you're trusting the same business partners screwing you over no that's not good you're you've moved over you've moved over into a place that you're not gonna recover from and like I said some of you are too afraid of mistakes fortune favors the bold and the bold always make mistakes so on the optimal frontier some of you are afraid to launch a business you're afraid I what if my business fails my answer to you is that's probably the precipitates a great business maybe an average business Elon Musk's first business or maybe the first business most people know him for was PayPal I think that wasn't really his first business but that was a success but not a mega success for him financially he says he made between a hundred and two hundred million dollars but out of that came a man who built three unicorns or Deca unicorns or sent to unicorns now he has Solar City SpaceX Tesla the boring company you know he has a Neuralink and that was born out of boldness he was bold even though the first or the second go-around wasn't necessarily the thing that brought him all of the fortune that he saw you know so I hope you all realize that life is about the perfect balance and the perfect ratio and if you can know that you'll know more than anybody you'll ever meet right there you'll know more in every person given advice anywhere you'll ever meet because very few people actually know what the hell they're talking about in fact people say Ty what's the most if you could go back and be 18 years old what's the number one lesson you would tell yourself what would you teach your 18-year-old self easy if I walked out of that time machine I'm walking up to my 18-year-old self I'm grabbing myself on the shoulder shaking myself to listen to me ignore almost everyone literally do not let them say one word of advice to you they can be your friends they can be your parents talk about movies talk about food do not let them give you advice the signal to noise ratio would destroy you but when you find a few people who actually are qualified and have competence do almost everything they say and I call that non-democratic non egalitarian listening and learning that's our lives greatest lesson and what I'm telling you is it very few most people will say work hard that creates well hustle NFTs create wealth this creates everybody has this close-ended understanding what creates wealth the truth about wealth is wealth is a dynamic game in fact there's a great movie about John Nash who created Nash equilibrium we won a Nobel Prize and that is game theory in non-cooperative environments which is actually what wealth is wealth is how to create how to play the game when those in the game aren't necessarily on your side and guess what that game becomes extremely complex you almost need quantum computers behavioral economics like Richard Thaler is a Nobel Prize winner is so complex the most intelligent people on earth can't predict the next swing in the economic world people say oh I'm a technical trader I can read a chart I can tell you they draw lines as they look the flag and did this there's not one technical trader on the top of the Forbes list ever so people who tell you they can predict the future not one of them's ever created real wealth name one maybe they get to the bottom of the Forbes list nobody well who's at the top of the Forbes list what puts what actually I'll tell you this you know what creates fortunes owning brands brands create being a trader is not where you create wealth or I should you can get rich trading but you can't get wealthy wealthy is from creating trusted brands that are global what are those people who are on top of the Forbes list that the lesson book is right for you don't have to listen to me don't listen to anybody you go to Forbes.com you look at the top people on the Forbes list who are they they own brands and they didn't sell they're the opposite of traders who was who's at the top Elon Musk he owns brands Tesla's a massive brand probably more loved and recognizable than all the other car companies in the world or at least the major ones Ford Chevy nobody really loves those that much people love Tesla's almost a cult you know he had Bill who else Bernard Arnold who owns Louis Vuitton and a family of 80 companies Louis Vuitton's pretty well known global brand and he held on to it Jeff Bezos Zuckerberg and it goes on and on the Walmart family and all of these people you don't find anybody that says they can predict the future Fortune does not favor those who have close-ended answers sometimes people ask me questions and I talk for 30 minutes and they go well I want a quick answer I said well then you want the wrong answer as Albert Einstein said you should make things simp as simple as possible but not simpler wealth is the amalgamation of scarce resources in competition with 7.9 other billion other acquisitive people acquisitive nature of humans is so embedded the selfishness of humans is building who who's ever had a little brother a little sister or a child you have to teach them to share humans don't share by nature that's the jungle of child children the DNA code that is written right here inside of you says be selfish unless it's your own kin group basically and so for those of you want to create fortune fortune does not favor those who can only absorb easy answers what's it what's the number one book I should read that's the number one question people ask me what's one of the number one book that explains all of life hey buddy if you find it let me know because I've been reading thousands of books and searching through tens of thousands and I even found that book what is that book what's the book that leads people to what they want out of life never been written why because life is a dynamic game as John Nash said that means it's evolutionary psychologists call this frequency selected frequency dependent environments that means what works let's say e-commerce works for a while then a whole bunch of people do it and it takes the profit out of it and now a new opportunity comes so the simple answer people will tell you buy real estate that's created the most millionaires well that's true in the past but now that everybody knows that capital flows into it and their yields drop crypto oh you should get into this doge sheep well if a lot of other people saw it it's a dynamic game and the more people that get into it guess what happens the profits removed as a great economist any great economist would tell you there is no profit in the long term because wealth is a dynamic game very done so only game only people who understand the game of life actually get the fortune fortune favors those who understand the game and understand the rules within the game and understand you must submit to the rules because a lot of people don't want to submit I'm my own Bob nobody else tells me what to do that's not true somebody's always telling what to do someone said real estate is bulletproof and fortune my brother my sister whoever said that you have a dark day waiting for you I hope you get out of your fixed mentality one of my first mentors he wasn't quite a billionaire he was worth 700 million bucks he said tie anybody who tells you can't make money can't lose in any investment they just ain't lived long enough they're a newbie they're not a og he was a og who's 70 years old he said tie once was building back in the 1980s I built a skyscraper in downtown Houston I had to knock it down because it was out of the money any investment can get out of the money it's a slang term it's like poker you can get out of the money real quick plan poker you can get real it's more about how many people how earlier you are in in the cycle you don't want again the frontier of fortune you don't want to get into early pioneers don't make most of the money who made more money Tom from Myspace the first big social media network there was friends during some smaller ones with the first big one was Tom from Myspace he's actually I met him he became friends he he was in my 67 steps is insane he's like I go in your programs but he made money but Mark Zuckerberg became the age-adjusted richest person in the world well real estate's a great way to become a millionaire there's nobody on the top of the Forbes list from real estate zero there's no one in America on the top 100 who made their fortune from real estate but you should still have real estate in their portfolio and someplace in the world right now real estate's the best place to go maybe it's in Laos maybe it's in Suriname maybe it's in you know Manchuria who know there's always wealth created in real estate it's just not where everybody's telling you the more people that go into it the dynamic game changes when everybody's telling you multifamily and you know st. Louis Missouri you in trouble because there's limited real estate and the price gets bid up and as the price gets bid up the yield drops that's why I say wealth and fortune comes to those who understand the dynamics a dynamic world dynamic the fool focuses on fixed rules that they think you know what made the most wealth the first billionaire in the United States history well the probably the first billionaire was George Washington war that made him rich war and power 1800s the first real kind of billionaire that we in business history no not Henry Ford it was Vanderbilt coronary is Vanderbilt you know what he made him wealthy steam he had a steam engine boat that shuttle people back and forth that was the beginning of his wealth so that's the game you had to play in that was the 1840s you play wealth came and then the 1850 when the Gold Rush came who got wealthy besides the Gold Rush of the actual miners themselves in the 1850s got Gold Rushes Silver Rushes precious metals it was people who made pants for them jeans Levi Strauss created the the modern jeans that we wear these rugged pants he became one of the wealthiest people on earth dynamic game it was not fixed you couldn't predict it 20 years before what will create the wealth so wealth comes to those who have high awareness of what the economic environment tells them for the day like a great general does not plan seven years ahead for a battle because the other side it's like chess they're also planning as the art of war says Sun Tzu thousands of years ago the most read business book or book read by business CEOs wars won by espionage the greatest leader wins without battle because they've already surveilled the frontier and the terrain ahead of them so have you what is the terrain telling you where wealth is right now where's wealth right now well you know crypto is a place that it is right now on the guy just read the cover of Forbes magazine the Sam FTX guy he's 29 years old he has 22 billion dollars nobody in modern history has ever done that that's his net worth you know so wealth comes to those and he said in 2019 before 2019 he wasn't even doing the crypto world so in the last two years he created this because he was dynamic and now his wealth and a per if you pro if you are calculated based on his age he's wealthier than Warren Buffett who's 95 years old and worth you know a hundred billion plug what would you rather have if you time adjust 22 billion at 29 he's wealthier than Jeff Bezos he's wealthier than Elon Musk because he's also a multi he's a deco billionaire on the time side 22 billion from crypto he owns FTX FTD he owns Alameda research he's dynamic so that's what I tell you and he even says an interesting interview I was reading it yesterday in Forbes he said and this is where I make money now but who knows if he'll be in crypto forever that guy knows what he's that this kid's smart this dude's no joke and he thinks the opposite of the whole world you know the whole world's like a parent tells a kid son daughter if you want wealth this is what grandpa did and this is what I did and you do that that don't work that way now sorry the world has always been but now it's an accelerated game theory game that's being played out in front of you right now it's insane the game is like it's sped up that's why a lot of people fail anxiety you're deep down your genes know that you're in a hyper kind of hyper dynamic environment and it doesn't necessarily make you happier that's why I spent about half of my time on my farms I bought a whole bunch of farms and I'm like I'm gonna be on my farms I go old school I go old school too I got horses I don't even use tractors on one of my farm I hitch up I have 32 horses big horses Belgians hitch them up old school like they did in the 1700s I got wagons I got it the world goes to crap I'm building a new house too on one of them with a lot of water power next to a river completely off the grid my house is kind of I got three farms that are off the grid right now about 500 acres and it's in the middle of the Amish community so I like I like that game too the dynamics of realizing that the world can go to crap real fast so you don't want to put all your fortune favors those who prepare for extreme black swan events a black swan event is something so unexpected like 9 11 like even you know the Titanic was a black swan nobody expected this huge boat in what was in 1912 to go down you know nobody expected 19 you know 2019 2020 this introduction by whatever happened it was unexpected for most the world and so you're gonna have to prepare for a black swan event fortune favors those who prepare early you know you should have a whole bunch of water bottles in the basement of your house buy a whole bunch of canned tuna man buy flashlights you might want a gun with some bullets not even to kill people but you may have to hunt low probability but doesn't cost much to prepare for and when you look at like risk assessment like an actuary or like an insurance company you put things in a grid right so you have like high probability low cost or low loss high probability low loss low probability low loss low probability high loss and you know high probability high loss things with high probability high loss are hard to ensure for and you don't need to ensure at all for low probability low loss right that's like you're fine but high probability low probability and high loss you should prepare for that's like the city not having water wherever you live you should have water where do they teach that in school yo bro buy five jugs of water stick them in the closet buy 20 cans of tuna and have a can opener somebody says you lost me with the canned tuna uh well let me tell you brother sister you ever hungry you're gonna be in canned tuna like it's a feast don't think that way you want stuff that'll last you want something get everybody if you're a vegetarian get canned garbanzo beans you know prepare it almost happened right now there's multiple places in the world where the supply chain broke down of food london england the united states the world there's a thin threshold between the reverting the barbarian nature and staying in a civilized world so you gotta go low probability but easy to solve for cost you 50 bucks 50 bucks you get batteries now i'll tell you this if times get bad just go to bed early you'll be fine you don't need electricity that much unless you live like in stock home sweden where there's only three hours of light but what you need is food water shelter and protection but you don't need an arsenal you know you ain't gonna be able to blow away everybody but you may need a gun to hunt for hunt with but anyway we dive we we a little bit we didn't get off track fortune favors the prepared ain't nobody prepared for anything it's insane when there's one snowstorm people are like stocking up on food i'm like bro do you not have enough food for one inch of snow i used to live in raleigh north carolina i'm going it's going to be this much snow you could walk to go get food you'll be on but a whole world shuts down and now i'll tell you we live in a world fortune favors the even keeled fortune favor the person who's cool under pressure that is not the world we live in the second things go bad this whole world freaks out part of it's the media the media is full of people freak out over their prey they're paid to freak out don't ever get your financial advice from anything that the media puts out even for i mean forbes is the closest thing you can learn from because it's just a list but even then the richest man in the world's not eat all muskets probably putin richest man in the world richest man in the world ain't jeff bezos putin has a military behind him he can just take the ukraine if he wants to you know but i still think you can learn from the forbes list but don't ever learn from basically if it's mass media do not like turn it off i scan it for about no more than two minutes a day and that's probably too much now what should you be reading autobiographies textbooks textbooks textbooks i'm a college dropout my business partner in some of my businesses is a phd i have two phd business partners shit phd doesn't mean you know more than me i read the same books that phd's read and they forgot all about because in what people get so burned out in college they stop reading read biographies and textbooks you read those two things autobiographies are good but biographies teach you the game of chess because you can see how the game unfolded for other people in chess there's about 1100 openings you can memorize that's it all people have been playing chess you know let's say chess came chess came from backgammon came from persia middle east north africa well it's been played for thousands of years or some variant of it and they've only come up with 1100 chess openings you can memorize most of them not all of them are good but i ask people what's your methodical approach to life people haven't even memorized one opening to life you need to have it i have a rule in my mind i have 300 frameworks of wealth i call you go check out my website tylovis.com i i've never published all of them but i started publishing a few i made a little course it was one dollar i was like dude i spent my whole life doing this i can't stand to give it away for free so i charged one buck that's the least i could charge some people are like oh ty how dare you charge for stuff it's such a scam i was like bitch you drop 20 000 on community college don't ever even come talking to me about what i charge for stuff one of my courses is better than all community college combined in the history of mankind i know that sounds cocky i'll make that bet i will take somebody's money you want me to take your money we'll go to a we'll find 20 unbiased judges we'll put together my 67 steps which is 67 hours of me training what mentors taught me and what some of the great thinkers and bringing it so it's easy to understand name a class name a class better than that it's community college or i've taught at harvard i've taught a lot of business school i know what people are learning it's a lot of bizarreness because you're top i like professors but i don't learn everything from professors some things you can learn from professors history you can learn from professors economics you can learn but some of the business you learn from people in the trenches you want to learn MMA you learn from somebody who's been in a ring and so my point of saying that anyways the 300 frameworks you need to have frameworks in your mind jeff bezos has 14 frameworks that he thinks through so when the times get tough at amazon and he was trying to build his business he has a framework to think through you know musk has frameworks to think of me he has one called you know arguing from first principles he has these various things that he's learned so if you can be methodical if you can be calm under pressure fortune is waiting for you whether it be wealth whether it be love whether it be a body that's healthy fortune is a fickle mistress she changes her mind often but she does favor certain people you know if there's a girl you love or a guy you love you know people's love is somewhat fickle meaning they might never love you but there's things you can do to make yourself more lovable some people call that luck there's things you can do to make yourself more unlucky how do you make yourself unlucky hang out with horrific people not know how to read people think life is a simplistic straight line here's the five answers to life not understand its game theory be lazy don't allocate your time correctly you know listen to the wrong people watch tiktok dances all day there's a great one watch instagram real tiktok dances this shit is sure to dumb you down to the absolute bottom of the barrel you know not and again you can i watch a little bit of sports every day it's kind of mindless i watch five minutes i watch five minutes i watch like a house or whatever it is highlight reels i like basketball it's good a little entertainment is actually healthy for you just like sleeping is healthy for you but if you sleep like the proverb goes you know slothful person a wakey slothful person look to the ant who works hard you know those little ants are working harder than humanity is and who knows maybe we're gonna have ubi universal basic income everybody can just sit at home and be in the metaverse and do nothing and turn into blobs with no muscle tone yay what a world that's what some people thought oh you don't need all this work ethic at all i was just gonna have universal how to create unhappy people universal basic income how to make how to increase the suicide rate just have people walking around in a metaverse yay now i'm not against the metaverse again this is the metaverse i don't know you you don't know me but we're talking or at least you're listening there the metaverse okay the first tv the first telephone was the metaverse the first letter that was mailed you know thousands of years ago native americans had smoke signals that was the metaverse it was an artificial replication of something you do in person this has been around but guess what the modern world's so imbalanced fortune favors the balanced if you to be poor be an extremist and people will say oh i've heard other people telling me that's not true you want to focus and be extreme on one thing well fucking you listen to shitty people ain't my fault go listen to the wisest people to ever walk this planet there's lots of them in every culture from Buddha Muhammad Jesus you know Aristotle Socrates Pericles Russo i mean think about Hegel Nietzsche all of these people and again Freud they have their flaws but the answers are all there they're all there right in front of you want to learn business read made in America by Sam Walton he has his dynamic rules of the game he has 10 rules of the game give your employees equity there you go but don't give too much because sometimes employees leave somebody said in clubhouse you told someone once your limit is that you can't copy yourself those seven words are worth more than my master's degree i'm gonna let me take questions for those of you in speakeasy i've got a premium group and i'm only taking questions there if you haven't downloaded my speakeasy app is a good place let's see david bus doctor david bus says pain is the key to change yes but fortune does not favor people who only can learn from pain it's optimal if you because i have a friend he's been starting businesses for 10 years every one of them fails and he's like see tie i'm learning i'm like at some point i got to tell you brother you're too slow a learner you do not need to have 10 failed businesses you might have to have one failed business but that's it you don't want to be making two three you're gonna start wasting decades of your life so yes pain the better way to say it is that pain is a catalyst but you don't want too much of it because pain is deadly so it's it's the Aristotelian Aristotle arguably the greatest most intelligent person in human history was a man named Aristotle he was the mentor of alexander the great the mastodonian and you know leader the father of alexander great was this man named philipa mastodon and he hi he wanted his son alexander to be great a great so he found the wisest man on earth and the wisest man on earth at that time was considered to be Aristotle and Aristotle had created rules of how to live and and how he thought through life he was a very logical and you've got to be that same way you know and it worked it worked alexander great became one of the great leaders of all time and we still talk about him although he maybe wasn't wind up wise enough and he didn't listen remember i said uh fortune favors the bold but if you're too bold like alexander the great you get too aggressive and you get killed that happened to america america was too aggressive and look at the vietnam war it's too aggressive yes they wanted to fight the the domino effect of the communists that's what america said that's what kennedy said and that's nixon and lindenby johnson but america became too aggressive and but america you can also be too passive and some people in america are like oh america doesn't need a military that's stupid too you do need a military in fact america the world almost lost world war one because america's army was not prepared to help and so again you need to think of dynamic rules sometimes you want to attack and sometimes you want to be passive is there a way to purchase your usb crypto in regular right now you got to do it so we're going to go over onto ethereum so it'll be easier to purchase soon we're going to bridge it right now it's just on polygon polygon is a network with lower fees a blockchain so ty please optimize speak easy for apple tv and carplay yes lots of stuff coming we submitted our newest changes to apple we're waiting for apple to approve them someone said andre is having the great loss because his currency lost value i don't know if totally that's i mean he was he attacked into like kind of modern day india and he got shot by an arrow and you fight too many battles if you're too aggressive you you end up losing for that reason you know professor said my stock in crypto community would love the ig lot why don't you come for why don't you do one on here and i'll come pop in your bring your community on to us speak easy i'll come on here josh is gonna make more money now than ever because of this somebody said elon musk isn't even in the top 100 richest people in the world they know i think that's too extreme i think other people like putin or you know world leaders in general wealth is also created by having a powerful military you know people say it's i'm totally pro-crypto most of it not all of it but sometimes in crypto you hear some inaccurate economic sayings like people say nothing's backing the dollar that's not true the us dollar is backed by the full credit faith and credit of the united states but more importantly by the tax that it can take from its citizens which on a 20 trillion dollar gdp amount for let's say two to four trillion a year in tax receipts so it's like a business that has income the us dollar is backed by something but but on the flip side it's a complicated conversation because the us dollar is also deflating or it's inflating it's being inflated but the buying power is deflating and so this is a problem in the united states that's very complicated but the u.s is ultimately backed by the military and countries will attack part of why japan attack became involved in world war two is not necessarily because they loved hitler so much they became an ally with nazi germany but more importantly there were small island and they were worried about the resources that japan's a small island so they wanted to evade the south pacific which is what they did and they made it all the way to basically new zealand and were potentially attacking australia because they needed rubber back then you need a rubber rubber was grown on trees you needed you know everything and so when countries lack resources they be they go to war so america is backed by many things and in terms of who's the wealthiest people in the world i mean you could say the president i'd say is wealthy look what happens after every president stops being president they become wealthy obama trump the bush family having that level of power but the wealthiest people in the world in business you know elon musk is certainly one of the wealthiest he has extremely powerful brands that are loved in every country almost that they're available in so i think you're amazing thank you for the couch conversation years back the house of the saudis middle east has a lot of wealth china has a lot of wealth look at china i actually saw a report that china is now officially higher net worth than the united states i'm not sure that i 100 percent believe that but certainly china is is made fun of by americans way too much as the art of war says do not underestimate the enemy and i don't believe china is the enemy of america but that is the analogy do not underestimate anybody who's potentially an adversary if anything what you should do is you know keep your friends close and your enemies closer what's conventional wisdom that keeps people broken unhappy just do you that's probably love yourself no matter what as i said loving yourself there's an element of truth to self-esteem but the science on self-esteem is just if you actually are logical self-esteem is in many ways is very overrated again you can be have too low self-esteem which happens but in general your brain is a careful calculating machine it if you lack confidence in let's say business it's probably because you're not that good yet the genetics of humans you know as sigmond Freud said anatomy is destiny so you have to understand your destiny you are the offspring of winning grandparents they did very well you won the genetic lottery even if you're you don't think you're ugly or not that smart and but at some level you should have a lot of confidence in yourself because you're part of humanity and if you're an atheist you would believe that you won the genetic lottery you came and if you're a religious person you think god made you so either way you should have a level of confidence with that said with that said with that said you also have to understand that in the jungle there's interspecies competition so there's introspecies competition which is there used to be another group of hominids called you know neanderthals and we humans killed them there's no more neanderthals left although some people look like they're not neanderthal but when you do your DNA test you will probably be one to five percent neanderthal they're still in our genes but that introspecies competition killed out the neanderthals but there's interspecies which means you should have confidence I'm a human I made it my grandparents made it my IQ smarter you know than much smarter than I think your body can look a lot of people don't like their body if you hit the damn gym I'm telling you almost and you eat right almost anybody who hates their body or hates their looks becomes like 10 times more attractive it's insane insane when you get your body to the right body fat your face looks different a lot of people don't like their face like oh I hate my face I'm like get to the optimal body fat and it's different for men and women but anyway that's the good news about humanity about being a human the bad news is that there's interspecies competition which means every human also around you also inherited that same set of advanced genes and so they're they're in the jungle with you and they want the fruit too they're trying to beat you to the fruit and you're trying to get there and so you're racing through the jungle and they don't mind sticking their foot out and having you trip every once in a while you see that's the jungle what is the optimal body fat percentage depends who you ask depends if you ask the body positivity people or you ask a scientist which answer do you want you want the scientist or you want the body positivity movement you pick you know for men you probably want to be 12 under 12 percent if you're a woman you don't want to be too low it messes with your metabolism you know women are much more complicated bodies than women can reproduce the species you only need 10 000 men on earth and you could have three billion women doing just fine in the sense of reproduction so men you know in some ways are more simplistic anatomy and so women have to not get as skinny as men it's just a real problem to get too skinny but men rarely are too men rarely have too low a body fat men can go way down Michael Jordan was like four percent body fat I think of you I'll tell you fortune favors the scientists each of you should become a little bit of a scientist not that you spend all your time looking at test tubes but a but a scientist is less concerned with outcomes and more concerned with the process of observation I notice that a lot of people I get a lot of people on time I finally have a lot of social media followers how do I deal with hate and I'm like will you deal with it as a scientist you evaluate it as a curious person you know I'm curious I notice for example in my scientific experience quote unquote scientific over the last years the people who hate me are a very specific group of people there tend to be kind of like video game dudes who I think were bullied growing up that's is for sure a large percentage of that not all but there's a percentage of what you would call high Machiavellian people in the dark tryout of the human brain there's a certain subset of people who have high Machiavellianism which is usually mostly caused by childhood trauma so people who are bothered by me are usually in my experience and maybe that sounds offensive but that's my opinion my hypothesis is so for example I have YouTube videos with Lamborghinis and pretty women I mean that's who does that piss off people who feel like they can't get that people feel like they can get it are just like wow I don't care I'll get it myself you know so but it's been an interesting observation it's been I call them chirpers you know in and I was not really bullied in high school I was bullied more at home from step parents and stuff but in school I didn't have that experience so most of my friends were like pretty confident people so it's been interesting like I wasn't exposed to that world at all you know and they've done a lot of science people who respond anybody who comments at all pretty much on social media that you should google the psychology of comments look at like it was like the american psychological association like the biggest one they did people who comment like on YouTube have like a hundred times more mental illness than people normal people don't comment normal people if they don't like you they don't comment they just stop they unsubscribe to your channel okay so most people that hate on you for example if somebody in your family or a friend or an acquaintance or a friend or friend continually pursues you in a hate manner always they have mental illness because normal people without mental illness if they piss you off or sorry if you piss them off they just leave it's kind of like if there's a tv channel I don't like I just never go to it if it's like channel 43 is like whatever underwater basket weaving I just always skip past 43 so people who go to channel 43 and then take an hour of their day to call you know the cable company and be like I'd like to make a complaint channel 43 pisses me off why is it on your blah blah and they write like a letter and there's people who do this people write emails to customer service I don't like that you it's like netflix netflix has these huge things like there'll be a certain kind of movie and like the the christian right or the democratic left liberal left doesn't like it and they like stage walkouts and I'm going bro what the fuck is wrong with you do you have nothing else to do when I don't like something on netflix I don't watch it like you can put anything on netflix anything on it you can put the stupidest stuff I'm either gonna cancel my subscription or watch other stuff but you're gonna have to learn to deal with that people are weird bro I will tell you this another interesting thing that I've learned I would say probably 20 of the world has serious psychological problems both genetic and environmental and I asked some really great psychologists I have some pretty good mentors some of them won Nobel prize some of them like I said are ivy league professors they're like that's probably about right probably about someone said tie that can't be true oh bro you've been finessed by this world when you plan poker and after 20 minutes you don't know who the sucker at that table you're that sucker if you don't know that's like them if you don't know that it's like chris rock says about your uncle he's like uncles will teach you everything in life everybody has a cool uncle the weird uncle like that's true about life so if you're going through this life thinking people are innately healthy you wake up it's I would say 20 people percent of people is just a guess are seriously psychologically you could say unhealthy unstable is the actual scientific work and then probably another 30 percent have more moderate levels of instability but still enough that you don't want them in your social circle so it's like at best 50 percent of the people in your life are really the people that will go to war for you and have your back now if you are a person who has discernment learns how to read people then you can probably surround yourself with like 80 percent healthy people that's what I try to do at my companies in my life and every time I violate that rule shit goes bad like you must the greatest skill if I fortune favors those who can read human psychology if you want to write one thing down from this talk I've been doing for the last whatever hour or two hours fortune favors those who can read people it is the greatest people go I want to learn how to make money I want to you know I have big e-commerce businesses I have big crypto stuff and I have real estate I own thousand like I like I'm like don't forget all that I have a white the black belt system that I have out of my 280 people I talk to every day who work for me I have 60 of them that I'm cultivating and training to go from blue belt in my kind of business mindset to black belt most won't become black belt it's very hard to become a business black belt I think some of it's genetic I don't think everybody but I think almost anybody who can become a brown belt wherever you from in the world if you have if you're willing to listen willing to be humble you're not stubborn you're not sensitive and you're not impatient you can become a brown belt so I'm gonna say what belt do you have I mean I use numbers so like if you have a hundred million plus business you're a black belt so me and my business partner Alex are black belts in that system I you become a coral belt if you get on the Forbes list and you become a red belt if you're at the top of the Forbes list now the way I classified like a blue purple or brown a blue belt can run a business of mine for no more than one day without me checking on them that's a blue belt but they can run it for 24 hours but if I don't kind of keep you know Sam Walton is in the book that his autobiography said look over the shoulder says you want to create wealth you got to check over shoulders so a blue belt I can need to check on almost every day a purple belt I can go a week without testing a purple belt's like the equivalent of a colonel in the military um so I says you're the only one who makes any sense in the world I hope I'm not the only one who makes any sense up yeah I need people I can listen to do right now there's there's more than you think by the way the bad news I told you probably 50 percent of the world is somewhat unstable but um about two percent of the world's amazing and that doesn't sound good but two percent of let's just call it eight billion people is how many ten percent of eight billion is what am I no math eight hundred million that's all right two percent of eight billion it's not quite that and some of them are children in some are old but let's say five billion that's a hundred million people that are sharp out there you know there's a hundred million people the problem is that they're spread out among eight billion people so this is signal to noise ratio is messed up the signal to noise is rested is messed up in this world but the greatest when what I was talking about is so a blue belt is somebody that I can have to look over shoulder every day purple belt I need to check every week and a brown belt is somebody that I can go from a month to a year without really a month a month is a long time I have some people that are purple to brown and um now black belt you know it's like my business partner Alex is a black belt two years ago he sold his company for three hundred million dollars you're a black belt if you do that okay he was running nine figure business we have nine figure businesses now so but doesn't mean we're better than people it's just a business system it's not necessarily who's more important in life at the end of the day Elon Musk is just a dude I've met Elon he's just a dude he's kind of an interesting character he likes movies I met him at the movie three times I went to a movie premiere with him he loves movies so he's a regular dude he likes Hollywood he likes a little celebrity stuff he goes to celebrity stuff he's a dude he's a man he's a little bit enamored by movie stars you know look at Jeff Bezos you see that video where his girlfriend met um not just in Timberlake but but uh DiCaprio and he was all like ah it was pretty interesting you know how long does it take to become a uh black belt in my system you know really you need about 20,000 hours to be good at something and you probably need 40,000 hours to become a coral or a red belt so yeah 10,000 hours is like purple to brown belt so you gotta that's a that's the heart you know what sucks about the school system they should stick you in stuff when you're young like yo you want to be a business person like third grade let's start right now times of the essence I mean it's so that's the main the main problem of the school system is not just it's not just what they teach that is problematic in and of itself and that a lot of it's archaic but more importantly more importantly it's totally different it's that it's just like empty calories just filling up the time I mean you should come out at 18 years old already with three four five years and whatever you want to do it's a total myth that it takes a long time to figure out what you should do in fact my second mentor Alan nation said what did you whatever you want to do around age 14 is probably what you should do you know your iq peaks at age 14 stanford bennett alfred bennett the man who invented the modern iq system he said the same thing they retested it his theory like 10 years ago 15 years ago found the same thing so four when you were 14 you were smart and it was just wasted on stupid stuff at age 14 that should have been like you've had a few years to try stuff what do you want to do I like business when I was six I was out of lemonade stand I sold tomatoes I remember I was like a little kid trying to think of I I didn't have any good ideas because nobody was helping me but I would like sit there with a notepad and like oh I'm gonna do that it's funny I wish I could remember all my ideas but by 14 I knew how to speak I knew pope and nobody not one adult not one supposed you know educator people and I got nothing against the educators are trying their best in a failed system why didn't someone go well you can change later but let's launch your first business at 14 you know my kids get bored in school because you don't have them doing anything public school should be like four hours of physical stuff and four hours of mental that's it two hours should be watching history movies best way you can learn history and autobiography movies are a real way to learn don't ever let somebody think that for example go watch the movie there will be blood you'll learn about the Rockefellers you'll learn a lot about business man if you let's say schools are six hours on average okay should be three hours of doing shit with your body every girl every guy should know Brazilian jiu-jitsu moi tai boxing wrestling whatever by the time they're 18 you should have five ten years you don't have to spar against each other that would be problematic that whole bunch but you could just practice on your own like PE class would get 300 kids you're like yo everybody here's gonna do 50 burpees buy it in the next five years for sure people under I mean you should be moving your body one thing is just make people walk 10 000 steps you give kids sugar and then you sit them down and you're like oh they're hyper no shit Sherlock supposed to be hyper hyper activity by the way is highly correlated with wealth creation it's called hypomania I mean don't dump if you have a hyper kid you probably have a gift now of course it could go too far and there's kids who have legitimate you know hyper hyper hyper activity but they're medicating a whole generation it's like whoa do you have the brain do you have the common sense of an ant like six year olds are supposed to run around Sweden has switched the school system and they they let kids play in the woods all day nature you should be doing three hours of nature they should have dogs cats horses people should take care of chickens in schools I know it sounds weird all the good ideas ever sounded weird should build big barns in every school people animals are better than people most of the time I got a big barn is very they should have kids I mean at least let them take care of little chickens are this big well and then you should have like the other three hours should be like watching a movie history movie I watched this movie about Napoleon you want to learn about Napoleon easy there's a famous movie in 1972 it's like the last action movie where they actually used real animals it's pretty insane you should watch history there will be blood as a good you watch Karate Kid all these things teach you things and then you should have like one hour where you have books or one or two but good books that kids are going to be fascinated by any book anything that fascinates you there's some good books let kids I asked Elon Musk I have a video with him I said Elon what's your favorite book and he said Lord of the Rings I said why and he says because it shows you anything's possible let kids sit there and read Lord of the Rings it helped Elon Musk let him read hitchhiker's got to the gallery see kept him from being depressed somebody said Ty let's watch a movie my grandpa always said the animals were the best actor yeah can you repeat the movie there's a lot of good movies good movie I've watched recently is there will be blood one an Academy Award has arguably the best actor alive Daniel Day Lewis I think he's the only person of one three Academy Awards for best actor um you should learn how to invest in real estate you should learn self-defense people should learn how to cook but not just cook like stupid stuff you should learn how to build like an exact all your macros people don't know how to calculate their macros protein you know fat carbs that's why part of the lies the same goes where the people lack vision they will perish and the world lacks vision lacks leadership and lacks education yeah V for Vendetta is a great movie so many great movies watch the movie Gandhi talk about you know social reform watch books there's a great move about Malcolm X Malcolm X was a powerful person man controversial yeah powerful um watch uh one of the great movies of all times a little depressing 19 is the book about World War one um all quiet on the western front it's an old school movie but teach you about some crazy you watch that movie you'd be blown away Rocky's a good movie so anyway fortune comes to those who are educated correctly and if you weren't educated correctly you better self educate real quick because you may be a decade or two behind anyway dances with wolves a great one I hope this was helpful was this helpful like this video or whatever you do follow me what is all the stuff you're supposed to say follow me like man subscribe to my channel I don't know about it out tire you a country boy I'm half country half city I think that's the best balance anyway I'm gonna end I'm going to end thanks thank you all