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Josh Waitzkin

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2024-07-19
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2024-07-19
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  1. And it's so easy to think we've got it nailed, you know, like we can meditate for 15 years and think we've got presence nailed and then we stop meditating and then six months pass and we're distracted. There's a constancy to it. presence to the sense of the reels into danger that it can slip.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  2. Yeah. And when we talk about firewalking, about learning from other people's experiences with the same physiological intensity that you can learn from your own, there's something about when you go over that edge, over that cliff, if I could take the experience of love, gratitude, and beauty that I've been living with ever since I had that experience, and I could give it to the My brothers and sisters, you know, holy smokes, I mean, what a beautiful thing. And so there's any way that we can live with that deep sense of beauty. It's a rich place.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  3. The lack of the attunement of the parent, the lack of the embodiment of the parent or the teacher, these things that are spoken about. It's heartbreaking. Maybe I'm really, really old school, but there's something about the cultivation of deep presence and qualities away of life which just rings all through me. And honestly, the other thing I'll say is that after having the experience I had a few months ago, coming as close as you can come to dying, as you can basically, I mean, first of all, on a tactical level, please, if anyone's experimenting with different forms of breath hold work like the Wimhoff method, which I think is very interesting and quite powerful, please don't do it in any water, even an inch of water. Because if you go out, you don't want to be in water.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  4. where AI is headed, of what Big Data can reveal. It's thrilling to me. As long as we stay in touch with the essential parts of our humanity. And when I experience What happens working with people with adults or with children when we're just completely present and we cultivate that presence as a way of life? It's incredible what can happen between people. Experience the scars in children that I see everywhere that come from the anxiety that comes from the lack of attachment, secure attachment.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  5. It's a big question, yes, absolutely. It's funny as I sit with this now for so many years my primary identity was as a fighter, a competitor, and I've transitioned in recent years. My family, the people I work very closely with, and children as I work more broadly in education. And when I think about it through the context of nurturing people and nurturing ourselves, I think that we're living in a world of so much noise and so much distraction and of the space being constantly filled. That it's rather remarkable what can happen if we cultivate a mindfulness, a stillness of the waters. As a way of life and we find the beauty in that, there's so much beauty that can come from silence. We can learn so much by feeling the inner ripples of our internal experience. And as parents embodying what we want our children to embody, living it, walking, the talk, putting away our phones, living a life of deep presence with our children, with our students, with the people we work with, cultivating empathy, cultivating compassion. It scares the hell out of me how powerfully I see the world moving in another direction from this, and there's so much that we can learn from the speed of what computers can do.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  6. Well, the essence of these programs would be a school system that's open minded around, for example, engaging, like I described teachers in different disciplines, working at the same time in a collaborative way so that the kids can be embodying the same principle in multiple disciplines at the same time. I mean, that's the essence of it. So it's a bit of a coordinated program. We've had wonderful success doing this. And it's what really excites me when I think about education, how to build systematic training in creativity through thematic interconnectedness into the way kids learn these days. Because kids get so excited when they can see connections. I mean, this is a big part of what I'm experiencing as a dad with Jack, is how red hot he gets when he can learn something and apply it to many other things. This is a core part of my approach to learning. I think it's been maybe my biggest strength is the ability to find hidden harmonies between disparate parts of life.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  7. They can, so everybody please come check out the site. We've got some really wonderful programs around the world, and it's a good timing for this right now because I'd love it if any educators out there, we're on the verge of launching about 10 really high-level programs is what we want to launch, all thematically driven right now, preparing them in the next months. And so anyone who is in the educational world who'd love to touch base with us about applying for this kind of program, Katie on my team can be reached at katy at jwfoundation dot com. JW Foundation is the name of my nonprofit that houses the art of learning project. So KD at jwfoundation.com.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  8. Yeah, the root of these are in core themes of learning creativity and performance ecology that I wrote about in my book and that I've developed since. Yeah, absolutely. And we've spoken about a lot of them together. And so it's a kind of a combination of individualized self-expression. Well, a lot of these themes that we've been discussing today and last time.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  9. So the way that we do this is that we have, for example, five teachers in different subject matters working with my team to weave the same principle of learning into, for example, math, English, history, social studies, volleyball, soccer, at the same time. And so you'll have kids who are studying their subject matter. They're studying also the way a certain principle of learning or the creative process of performance psychology manifests in each of these disciplines at the same time. And so they're, by definition, breaking down the walls between these different pursuits. And it's a really interesting systematic way of doing this. So they'll be studying the same principle in math, and they move to the next subject, and they're experiencing it through another lens and then through another lens. And they're experiencing it in sport.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  10. Segregated way in a closed-minded way. And it's kind of heartbreaking. And so, you know, I have this nonprofit I've been running for a lot of years and a huge amount of what we do. So all of our work as an education, we've got hundreds of programs around the world, mostly in the US, but international as well. The art of learning project.org is our website. And the programs that are most exciting to me are the ones where we really are systematically working with schools to help children experience thematic interconnectedness. So the way we'll do this, for example, is that we'll be working with five teachers in five different subject matters, four or five or six or three, whatever the number is, in the same age group. What are you smiling at, man?

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  11. So thematic interconnectedness, I don't think that we can do much more important work with children than help them love learning, help them learn to bring out the essence of who they are in the learning process, so to express the core of who they are through learning, which obviously will help them love learning, and then help them discover thematic interconnectedness, how the world is interconnected via principles, themes. People are really siloed right now. People think about disciplines in an increasingly data-driven way.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  12. Where can I swap boards? Beautiful. Exactly. That's a magnificent journaling, a brainstorm question to Rifon. I love it. So

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  13. new board could do, and then they would learn from it, and then they'd go back to their board and their minds would open up. That's another way of thinking about this idea of the beginner's mind, right? The new board forced them, help them see new lines if they were open-minded enough. So anyway, this is an example of thematic interconnectedness, right? So when I came back from that, this was our last previous trip where we were talking about the swapping boards theme, and I came back and I was red hot on fire with how to apply this theme in the investment process with my guys, right? So you have these teams that are so private and that are so magnificent in what they do. But if you could get teams to mix to share ideas with a sense of abundance, like for example, if a world-class portfolio manager could swap analysts with another PM for a week or two or three, would be interesting if they were truly everyone was sharing openly doing swapping boards, seeing new lines, right? It's forcing a beginner's mind, but forcing a beginner's mind not only with an open mindedness but also tapping somebody who is truly exceptional at a very different style of what you do. So there's an example of that.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  14. And it's very interesting to think about this theme of the Race to the Bottom combined with this other wonderful principle that we were all talking about with Eric, which is the swapping of boards between, so he had these camps where he's, I think, the 18 top stand-up paddle surfers in the world together with him, all riding these ridiculously small boards that are deep underwater when you're standing on them. And I mean, it's incredibly hard to balance them these things. So they've internalized this race to the bottom theme so deeply, which we are working on. And then they're also, they had this experience where they were altogether, and initially there was sort of competitive, but then it became much more collaborative, and they were just sharing ideas, and they began to swap boards, and they began to have this interesting experience where, you know, every surfboard kind of carved its own lines, right? There's the practitioner who carves his lines, but then there's also the board that has a unique rocker, what finds new lines in the wave. And what these guys would find is that if they swap boards, they could see new lines in the wave. Because if they listen to the board, some guys would swap boards and try to force the new board to carve their lines. Others would sort of be open to what this

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  15. It's been a huge part of how I've approached learning, you know, from my foundation and looking at the relationships between chess and life, learning about life through chess, then in transferring level over from chess into the martial arts and then first Chinese martial arts, then into Brazilian jiu-jitsu. And then when I work with people, it's really how I learn, and it's how I found it's really powerful to help people amplify their growth curves, to teach them to be able to learn the many from the few or from the one, right? Learn the macro from the micro, break down the boundaries between disparate pursuits or disparate parts of life, but between the personal, the professional, the technical, and the psychological. And if we have an experience where we're on surfboards and we have some little thematic breakthrough and we can apply to every other aspect of our life, it's really interesting what can happen because we're pretty well called over in our areas of strength, but in areas where we're less advanced, we can be more raw and we might be more conducive to breakthrough sometimes. Oh.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  16. Yes, let's talk about it. I'd love to talk about it in the context of education a little bit. This is one of the thematic interconnectedness is one of maybe that's the essence of my relationship to the world or beyond. I think it's, I mean, you and I have, as in our eccentric conversations all over the world on surfboards and wherever else this has been a big topic for us, right

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  17. And not necessarily the foundation of my relationship to the theme. And you want to communicate it from the, someone's learned from the foundation up. So really powerful. The tagging, I mean, I find on, I'm sure Evernote isn't the, I'm not a big tech wizard, as you know, but.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  18. So if I have a client who I think has to work on a certain theme and I want to give them resources they can read on it, I can just click on the tag on Evernote and all of the resources, things that I've written and things that I've read circling that theme are right there. And it's also really powerful because it's really hard to overcome recent ties. I see.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  19. I do it on Evernote, and then I tag everything thematically, which is hugely important for me. I have all of my journals and all of the resources that I find valuable tagged thematically and through habits in the language of my training process. And so this is incredibly powerful for Being able to give people resources for me, reviewing the ideas without having recency bias impede how I communicate.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  20. I journal throughout. So it's like I'll wake up in the morning, meditate, take a cold, then hot cold undulation shower, and then meditate, and then I will journal. I've had periods where I've just moved right, especially when I was working in Lucid Dream where I'd moved straight from sleep into journaling. But that's my rhythm today. And then when I have insights throughout the day, I'll do quick journals about them. And then after I have sessions with clients, I'll do a journaling session on the most important takeaways.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  21. That misperception about what was most important. And so you're training yourself day in and day out like water, right? To be an increasingly potent and that this is manifesting scarcity and that we are forcing ourselves no matter how many resources we have to think about what is the most important question and what I'm working on right now.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  22. That's very interesting. That's very interesting. And if we think about taking this and then turning it into a systematic training of the ability to be potent in the creative process, if we're working on a given project and reflecting on what's the most important question here, and we're journaling on it at the brainstorm in the morning, we're doing a lot of things. We're opening the channel systematically between the conscious and the unconscious mind. We're waking up in the morning and beginning our day proactively. All of these things, which we discussed in the past, then if you sit back after, say, a month and you look back at your, say, three or four or five journals, brainstorms, Q&As on a given subject, and you think about, okay, so in the moment, this is what I thought was most potent. But now I realize this in fact would have been most potent. What's the gap? between your understanding then your understanding now and then design your training process around deconstructing that gap and training at what that gap revealed it's a really powerful way for individuals

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  23. Which we could also look at from the framing of that internal versus external framing, right? If you're kind of held by a sense of guilt whenever you're not working, then you're going to feel like you have to write everything you have to write. But if you're nurturing from the inside out your creative process, you're going to be comfortable stopping with a sense of direction, even when you're mid-sentence or mid-paragraph, right?

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  24. No, actually, I think it's pretty important not to do that because then we're kind of consciously ruminating on it. I have, hopefully they haven't thought about it for a few hours before they go to bed. This is something that Hemingway wrote about in his writing process really beautifully.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  25. But if we cultivate the ability to ask the most potent question systematically, right? So how do we do this? Well, we have a routine where we end each workday thinking, what's the most important question in what I'm doing right now? Pose the question to the unconscious and wake up first thing in the morning and brainstorm on it.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  26. Potent direction to go. You think about the human versus the computer playing chess 10 years ago. Now the computers are getting really good at knowing where to look. But 10 years ago, the human knew that one of these two or three directions was the right essential direction intuitively. We sensed that, right? And we cultivate the ability to know where to look. The computer had to look at everything. If we're looking at everything, then we're just operating like really, really bad computers.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  27. We think about this in terms of the creative process. One of the most important things to train is the ability to ask the right question, to know where to look, right? And if you look at people in most creative fields who are extremely high level versus incrementally lower fields, it's knowing what the most critical area is for thinking. Yeah, thinking about this principle of scarcity. One of the ways that I have myself trained at this in the creative process or harnessed the principle of scarcity, and I have everyone who I work with live in this routine, is forcing yourself to end of each day, think about what the most important question is and what you're working. We discussed this last time. It's really interesting because you're studying complexity all the time, and if you're a really high level thinker, you're slicing through most of it like butter, but then there's usually one or two or three areas of stuckness. And most people I find tend to live in the creative process by kind of surfacing, deciding where they want to go, putting their head down, and just grinding their way toward it, and then surfacing later on. They don't surface enough to reflect on what's the most

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  28. Positive constraints. Listen, me speaking about this principle to you, I mean, you embody this principle. Profoundly, what are your thoughts on it?

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  29. Realize if I go through a diagnostic process with something, we realize that there's 10 areas they could take on. They want to take on all of them at once. You can really take on one or two things at once. Ideally, one theme, and you take on two or three manifestations of that theme, to burn that theme on, and you keep on layering. In the creative process, I mean, you talk about limiting inputs, right? We've been talking about limiting inputs.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  30. So if we think about the idea of subtraction or essentialism or scarcity, I mean, you frankly are as good as it gets in my opinion at harnessing the principle of scarcity. In your learning process, learning how to deconstruct something, focusing on what's absolutely most essential, and zone in on it, as opposed to just throwing huge amounts of resources at things and just having a diluted quality of approach. Most people, when they become successful, they have the opportunity to have more resources and they keep on layering more and more resources on things. And so they're not very potent in how they go about things. If you cut those resources down 99%, then you find yourself just zoning in on what's most essential. And then if you can learn to add resources incrementally, maintaining that potency, it's incredible what you can do. But it takes a lot of discipline to maintain that principle of scarcity. So inhabit creation, taking on the right amount not too much, not too little, but not too much. People tend to think about layering on they get excited when they really.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  31. So big wave surfers have to be able to navigate that just the most finely tuned. In the moment, just intuitive Decision making process of whether the moment is just right or whether it's a moment that will kill you. And then if you're working with people as a coach or as a trainer of people who are navigating that terrain, you have to be in a state where you can navigate that terrain. You have to have an embodied state there. And I think that's a mistake that a lot of people make in everything that they do. They just scale. They scale in dilute quality. And when they dilute quality, you lose the ability to successfully navigate the razor's edge. And then by definition, you're probably more destructive than you are helpful. And so when I think about training people who are in that place, it's like 99.9% listening. And ideally, you can make the most potent suggestions with the lightest touch feasible.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  32. And then we're talking about sort of dancing on the razor's edge. When you're moving up the growth curve in a certain discipline, there's a lot of things that you can do to reach the first eightieth or ninetieth or ninety fifth percentile or something. When you're talking about the last 0.001%, you're talking about these arenas where the greatest insight will be right next to the greatest blunder. You have to be willing to go just right on that razor's edge, right? So you think about like, I was having this great conversation with the sports psychologist Michael Gervais a couple weeks ago, and he used this language of thrusting into big waves, right? The experience he had to go into push himself as a surfer to thrust into big waves. I love that expression. But of course, if you're thrust

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  33. Then I'm reacting. I'm not embodying the core principles that we're working on. And so much of... I find really high level training is sort of somatic transmission. You're embodying a certain state, and then you're helping someone embody that state as well.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  34. Right. Is such an important principle? You know this principle of slack is so interesting. I mean, for me, a lot of it relates to the empty space for the learning process and my way of life. I mean, I've built a life around having empty space for the development of my ideas, for the creative process, and for the cultivation of a physiological state which is receptive enough to tune in very, very deeply to people, to people I work with. And so I can see how I could triple the amount of people that I work with very easily with the systems that I have. But my growth curve would get much, it would change fundamentally. And my internal physiological training would take a hit, right? I wouldn't have enough time for meditation, for reflection afterwards, for developments of the thematic takeaways of every session that I have. And in the creative process, it's so easy to drive for efficiency and take for granted the really subtle internal work that it takes to play on that razor's edge.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  35. experience of the Pavlovian influence of growing up in a bull market and then having that shattered. You could firewalk that shattering and then open your mind to the reality of the broader cyclicality over the long term. And there's a lot of, in terms of how you do it, the foundation is in a lot of things we've been discussing, right? Intense meditation training, ways of becoming increasingly attuned to these subtle ripples inside your body, stilling your waters, having a lifestyle which is less reactive, less input addicted. Being really aware of how we fill space addictively in life. Whenever there's empty space, we just fill it as opposed to maintaining the emptiness. And the emptiness is where we have the clarity of mind and the perception of these little micro ripples inside of us. Cultivating the ability to observe in us and in others the subtlest undulations of quality or of physiology.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  36. cultivation of empathy to be able to do what you just described very deeply is one thing to be able to live someone else's experience profoundly first of all we have to really be clear about the distinction between intellectual knowledge and somatic knowledge when we're having something burned in there's an adrenal response right so there's a physiology to having an experience very intensely we have to learn how to create that physiology right so how to so we can do biofeedback training undulating between states of physiological coherence and states of extreme stress so that we build up the ability to kind of move between them at will. And then when we're studying, for example, the experience of somebody getting burned extremely intensely time and again in a bear market during the volatility, the ups and downs of a bear market, right? You can look at it and it can feel like just like a chart or you can experience the anxiety that comes with it, the pain that comes with it, like the shattering of your previous conceptual scheme. You can almost firewalk the...

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  37. Yeah, like with your whole spirit burning it in deeply. And it was fascinating to see when I took off the cast, I had basically not atrophied. And I competed the next two days, three days later, and one. The doctors, I mean, they were pretty surprised by it. A lot of Western medicine is pretty surprised by they're close-minded about these kinds of things.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  38. Wait, resistance training. Yeah, I was doing some, I was doing my martial arts training one-handed, which was fascinating on its own to just work on being able to do with one hand what you can do with two. That was tremendous. But I was also visualizing the resistance training I was doing on one side, passing over to the other. But really intense visualization, not just like thinking it, but burning it in. It's kind of when I made my fire walking, the distinction between kind of thinking about intellectually sort of trying to visualize it, or versus burning it in.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  39. Yes, you were just bringing up the physical dynamics that are possible with intense visualization, right? I had this formative experience I wrote about years ago where Broke broke my hand seven weeks before national championship when I was training in the Chinese martial arts push hands and I was in a cast for six weeks up until I think three days before the nationals and the doc said I couldn't compete and everything because I'd be atrophied but I was committed to doing it and it was really interesting because I was just doing all of my training one-handed and visualizing the weight work that I was doing on the one side passing over to the other

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  40. And so the question is how can in this case an investor who's grown up in a post-2008 world firewalk market cycles so that he can burn that wisdom into himself or herself? And then the question is how do you do this, right? And so a lot of the things that we discussed around physiological awareness, right? Somatic awareness, cultivating the sensitivity of what's happening inside of us, right? What comes with that is the ability to switch state emotionally, adrenally. And so if we vision...

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  41. It actually means the subtle undulation of is often going down for three weeks and then a really steep two-week rally and then going down again for three weeks and two-week rally. So people often even bear people who are betting think the market will go down get really hurt in bear markets, right? Because it's violent. There's a volatility to it.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  42. and give them the wisdom. If you think about the journey from pre-consciousness to post-consciousness competitor around a certain theme, give them the wisdom of living through many market cycles when they haven't, right? So then you can deconstruct systematically what does a bear market look like. Now, I'm not sure if we're in the beginning of a bear market now, but let's just say that we are maybe in the first or second inning of a bear market now. Maybe we're in the tail like the eighth or ninth innings of a bull market. Maybe we're in the ninth inning of a bull market. We're going to see some huge round of intervention and we're going to go into extra innings of a bull market. No one really knows. Maybe there's some other dynamic at play. Even the great macroeconomists don't know. But they have a sense through this deep study of either macroeconomics or valuation. But we are at one point someday, relatively soon, we'll probably enter a bear market. So it's going to be very important. And so if you haven't lived through one, one thing you can do is you can deconstruct what a bear market looks like and you can have them firewalk it. And so what that means is suddenly all of the, and a bear market doesn't just mean going down.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  43. Well, for example, a really interesting live example that I'm playing with today is that we are working actively with investors, is that we are a brilliant investor recently used the term the Pavlovian impact or the Pavlovian influences of growing up in a bull market, right? So most investors, most relatively young investors grew up in a post-2008 world. So all of their subtle responses have come from growing up in a bull market. So for the most part, they've experienced pleasure when they put the foot on the gas and they've experienced pain when they take on the foot off the gas. For the most part, it's oversimplified. It's really interesting to sit down and think about all of the cognitive biases, all of the subtle associations that come with growing up in a bull market. Now, traditionally what people will say is you have to live through certain business cycles. You have to, the school of hard knocks, right? We have to learn from the pain of the other side. But can you take a highly talented young investor who has grown up in a bull market?

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  44. All the adrenal reactions to being caught and being wounded, and maybe torn ligaments or tendons, right, depending on how the injury sets in, or maybe a bone. And they will burn that lesson to themselves and they will not overextend their arm that way again. That's been burned in on an animalistic level. But if they watch somebody fighting and they watch them overextend and get caught in arm, or that's just like nothing, that's an intellectual knowledge that has no impact on whether or not they'll overextend. But if we can cultivate the ability to learn from other people's errors or experiences with the same intensity as we can learn from our own. It's unbelievable how that can steep in the learning curve.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  45. Yeah, this is something I've been really for the last year and a half or so developing intensely. I think it's been a core part of my process for a long time, but training people, I've been on this really intense learning curve on how to work with people on this. So the core to the principle is that people tend to learn from their own experiences with much more potency than they learn from other people's experiences. And the fire walking process, that's what I call, that's my term for a gateway to cultivating the ability to learn with the same physiological intensity from other people's experiences as we learned from our own. So for example, if you're a jiu-jitsu fighter and you slightly overextend your arm and you get armbarred, and let's say Munjals in the World Championships, right? Your arm is being separated from your body. You feel like your shoulder is disconnecting, your arm is breaking. If you don't tap, you're going to break. And oftentimes we'll fight it. They won't want to tap. It's the world. So they'll have the combination of huge disappointment.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  46. Because people might have meditated wonderfully for four or five years or six years or eight years or ten years, but then they get ego involved with it. They put together their schools and they're not embodying it anymore. And then it becomes hollow that kind of slip from the philosopher to the philosophologist without even knowing that it happened. They weren't even present to the question

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  47. That you're at, that you gave it your all. When I work with someone, I say that one of my many filters is looking at someone in the eye and saying that working with me is living as if you're training qualitatively as if in a world championship training camp. Qualitatively, but I look at them in the eye. And some people you see a fear. You see the fear of exposure. Other people you see a lean in an eagerness, a gameness, a hunger. For what that exposure will lead to, right? Those are two very, very different paths. Maintaining presence to that quality even after we've assumed that we've got it now, right? You see this with people around presence. You see, there's so much bullshit in the meditation world, for example.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  48. They just will relatively neglect. We see that all the time, right? I'm thinking about this luck as we're about to have our second child. And so I'm thinking about how important it is to not take for granted the things that you've done right and think they'll just be there because they're not going to be there unless you're present equally present. And we see this in the martial arts as someone who trains twice a day as a way of life for 10 years training until they drop and doing external training as well with strengthening, conditioning and stretching and everything else. And then they get to a place where they're consistently winning and then they think they can train seven times a week instead of ten. And it'll be the same. It's not the same. Like that slippage shows. There's something incredible about going into competition knowing that there's no way that anyone else trained as hard or as good as you as smart, right? So when I talk about training quantitatively, we're talking about training qualitatively, right? The confidence that comes out of knowing in any discussion.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  49. As a principle that I've been thinking about a lot around parenting, you see so often people with their second child are not as present. Unfortunately, in today's world, people are often not present with their first child either. I was taking a walk yesterday with a dear friend of mine in Central Park at dusk. We were just talking about all those ideas we've been thinking about. And we walked past this woman who had three children in a stroller and was walking her dog, and the children were all talking to her. And she was on the cell phone having a conversation with a friend. And it wasn't like a quick, it was like a long gossipy conversation. And I was just watching this. It was an exquisite external environment, like the embodiment of distraction. Three children and a dog, like the children, trying to pull her, but she was just in this other world, right? We think about the distraction of parenting. And then you think about what often happens with parents with the first child, they're completely tapped in because this is all new. They're present. And the second child...

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT

  50. It's such a beautiful and critical principle. And most people think they can wait around for the big moments to turn it on. But if you don't cultivate turning it on as a way of life in the little moments, there's hundreds of times more little moments than big, then there's no chance in the big moments.

    2024-07-19 · The Tim Ferriss Show · #756: Anne Lamott and Josh Waitzkin · IDENTIFIED FROM THE TRANSCRIPT