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Khe Hy

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2017-04-04
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2017-04-04
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  1. The compassion that it unlocks, but it's just, it is kind of our natural state as humans to be vulnerable. Like we have something that scares us or that holds us back. And if you share that, it creates this kind of safe space for someone to share back. And from that, you get true relationships, like versus like, oh, how'd your day go? How'd your day go? And so I think that that was kindest, it is definitely a form of kindness, but it's also, I think, the greatest piece of advice that I think I've ever gotten.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  2. I would say it's going to sound a little weird at first, but my friend Sunil, you know, as a connector, I'm always like, I meet someone, like, how can I be helpful? What can I get? What can I give to you? But he told me once, and I think this is, I'd say kindness, it's also probably the best advice that I think I've ever gotten. And he said the best gift that you can give someone is to share authentically with them and to share vulnerably. And it didn't really. Hit me for a while because he said this kind of before. I had done a lot of this journey. And now it's very, very much resonates. And I think that because of that, it just...

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  3. And I was warned about it, but I was just like, this is so weird. And so kind of, but you realize that you're going to be okay, you know, and, you know, the little Harari, like there were a lot of stories that we had told ourselves. And you start to kind of pull back the stories. And then we're just kind of sitting there at this beach with a sunset, with a beer, and it's just like beautiful. And I think, and it's the three of us, you know, in thinking about that, it would be hard to pick a moment that didn't include my daughter. So like the window of items to choose from, there's a lot of items, but the window is really short. So I feel like that might be one of them, which is actually ironic because I'm very influenced by Naval Ravicon. And I've listened to his podcast, his recent one twice. And he kind of like bashes sunset. He's like, no one remembers.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  4. It just, we all collectively felt that for that split moment we had kind of figured it out, meaning that there was like some crazy stuff where, you know, I won't bore you with the details, but logistics with children in third world countries is very difficult. And so you have to let go of certain things that you would assume to be normal, like car seats and things like that. And so there was just kind of like there's always a little struggle, which some of it was just like unpacking stories that we had told ourselves. Some of it was actual fear because we had like rented a condo, like the electricity would go down for two days. And like, what do you do about milk, you know? Or you had to pay these like the gang members protected all the residences. And so every month they would show up and you had to give them like $10.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  5. I think it would have to be It was on our Bali trip and Was like one of our last days there, and my wife and Soraya and I were kind of sitting there watching a sunset and we're getting ready to leave. The trip wasn't over. But we had kind of...

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  6. I would just dig deeper at that. I would prod at that because there's something else there. And Newsflash, when you get there, there's so many studies that show that it actually nothing will change.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  7. Emerges kind of your truest self, right? Because you're not putting the fear in the body. Like it's just, it's like, I am how I am. You know, you're not doing something to someone else wants you to do it. You're not doing something that's for validation. You're doing it because it is your calling. It's your vocation. And I guess where it is compassion. But you see where I'm going with that is that when all of those things align, and yes, if your bliss is the intellectual pursuit of being an excellent stockpicker, yeah, like keep doing that, you know, and use all of this to enhance your return. But if your bliss is knowing that you had one higher point of return than your HBS classmate,

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  8. It's an interesting, and I think about this because I'm getting irrelevant to me personally because the returns in my case are validation returns. I feel validated. Like someone says. You could say that new subscribers to Rad Reads is a form of validation, but that might really be more my ego, the dopamine hit to my ego, or it could be a manifestation of my financial insecurity where it's like one more subscriber equals one more X of monetization, right? And so this is why this like framework is so powerful because you have the stillness to kind of cut through it. Like time slows down when your mind is quiet, when you can take those deep breaths, you have unpacked that fear that you put in a box. And it's just there. It's always with you. So you just see it. It doesn't go away, but you just see it. You see its influence and you can tango with it. And then the joy, the bliss, the truth from that.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  9. And high returns may bring you joy through financial independence. High returns may bring you joy through recognition. High returns may bring you joy through cash flow, which can then be rerouted to different causes that make the world better. And there's no right or wrong answer. But I think that you should really ask yourself the real kind of prani, but like what does high returns really bring you to your life And I think you would be surprised. With some of the answers. Like, I mean, here's the hypothetical. You still care about high returns if no one knew about your high returns? With the Warren Buffett quote, I'd rather be the world's best lover that no one knows about than the world's worst lover that everyone knows about.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  10. I think it all starts with one of my favorite quotes is the quality of your life is measured by the quality of your questions. What does I guess the question would be what does high returns bring you? What do high returns bring you? And I would kind of keep the Simon Cynic like why though? Because let's walk that through. High returns bring you financial freedom, financial independence. Okay. But that's a discrete, like at some point it stops, right? At some point, it doesn't matter. Then what do you still pursue high returns? And so then the segue is do high returns bring you joy?

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  11. I move in that direction. So why move in that direction and then stop? So that's just a hard question to answer and one that I struggle with because it's just a little contradictory because you move in a certain direction, but then you know that you're not going to go. Beyond that, right? And is it disingenuous? Are you being a hypocrite? I don't really know.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  12. The best question is around So, the Buddhist concept of non attachment. And so the concept, I mean, I'm going to totally butcher it, but one of the concepts of Buddhism is that the present moment is all that we have. And so if you attach to anything, Not the right, you're going to be diser because you can't attach. And so as I'm talking about, and that works well with ego and things like that, but as you talk about non-attachment, there is, it jumps into this, like, how do I apply non-attachment in kind of a modern society? And I don't really know how to answer that question because I haven't answered it for myself. I guess it's like I haven't truly shed my ego to the point that I can just go sit. You're not a hermit under, yeah, nor do I think I want that. But at the same time,

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  13. What's most exciting, so I've been giving talks about this. And the best part is the QA of the talks. Because it's real. It's not like hiding behind a computer screen. It's real people with real questions. Sometimes they get really emotional. And I really do think that my ego is not in this because they. I've been able to connect with them on a certain personal level through my story. And they want to know they have a question that they can relate to something that I said. And that interaction, so it's the Q&A. I also like it because it's very unpredictable. It's predictable. I always get a few of the same questions and it's unpredictable because I get like super left field questions. And those are the fun ones because they make you think. And oftentimes I don't know the answer to that.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  14. Me has a really nice car. And then I was like, I don't even like cars. But I need to go through that exercise to say like, not only do I not like cars, but what I really value is the flexibility to travel, having a car is a liability for travel, like blah, blah, blah, blah, blah, blah. And my wife doesn't like cars and all that. And so having that laid out going, like using joy as a benchmark. And I guess like with all that is just a general openness to new things, new ideas, new experiences.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  15. It's definitely there. When the CNN article hits, I'm hitting control refresh on my MailChimp account. And the dopamine is hitting hard. It's there. You probably felt it on the Jack retweet, right? I mean, and part of it is human, right? And so use joy. Notice the ease. And one thing I've written is I have ridden on a piece of paper. What does success mean to me and my family? And whenever someone starts to pull me in another direction, when I start to feel envious or judgmental or someone criticizes what I'm doing or passively, aggressively, says something, I take a few four-part breaths and I just go back to that list. And it's going to change, but it is grounding and it's like, oh, yes, I'm annoyed that, you know, someone who is way junior than.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  16. And so joy comes and things start to become easy as a soul entrepreneur, you start to cut things out of your life, cut people out of your life that don't bring you that joy. You become very in tune to it. You start to shed your ego and stop caring. I mean, to do what I'm doing, I had to stop caring a long time ago. There's another part of the ego that's coming in now.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  17. value. We had like group threads saying, Did you see what he's doing on Snapchat right now? And I think that part of it is using joy as your compass. And I think that there's this narrative, it's scarcity-based, that you must, for something good to happen, you must suffer. And it must be really hard. And I've even said it myself a few times. But in the abundant mindset, like when you find joy, it's kind of this exponential level up that's like unstoppable almost, you know? My best proudest piece of writing, which was around my mortality fears, I'd been thinking about it for two years, but it came out in one sitting.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  18. And I call it live your truth, but same concept. It's going to sound super woo, but it really is the compass, and I use joy as my compass. And Am I finding joy in what I'm doing? And people will push back on that. They'll say, well, you have the luxury because you have savings and you have the luxury to find the joys. Agreed, but also you have to give yourself permission to find that joy. And you need to unpack the fear. You need to unpack the ego. Yeah, things are moving for me. But in January of a year ago, when I was writing these really mopy emo blog posts, friends behind my back were saying to each other, they were just really concerned about my well-being. They're like, is he okay? And I'm finding it out now, you know, as I've started to get some clarity. They're like, we were really, really worried about.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  19. But instead of everyone like beating each other up for the dashboard, everyone's just kind of like staying where they're supposed to stay. Like you should have some fear. It should cause you to reconsider. But there's no reason why that confluence of events should have led me to go get a job and stop being an entrepreneur around things that had already taken like some shape or form.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  20. We quickly could say, okay, that's not the existential fear that's at play here. It's a pragmatic service question. It's not a coverage question. It's a service question. It's an experience question. It's a friction question. Just because we're having another kid, that was actually part of the financial model in the two-year thingy. So that's already been accounted for financially. And the whole election thing, like, I mean, that's kind of an exogenous thing that you can't really control, but you have a sense of how politics works, that it's not going to, no one's going to snap their fingers and make it go away. So you step back, but you have to know that your fears, it's like that movie inside out, and they're all fucking with you inside. And they're like all like, they're all like running for the dashboard.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  21. ACA coverage is not what we're used to, but it's still coverage. The new administration, it's going to take months or years. This was obviously before all this happened to know what's going to happen to ACA. And there actually are other ways to get private insurance. But can you stay emotionally solvent long enough when you've got a kid in your wife's stomach, your wife is texting you in tears about the doctor's experience that she had. And on top of that, you're like, fuck, I didn't make any money. I haven't made any money in two years. And then I won't bore you with details. We figured it out.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  22. And then again, it gets into other stuff like loss aversion. And so you start to see all of these effects. And so to take the health insurance thing full circle, I almost tapped out of entrepreneurship. And it was the week after the election. And so my Cobra had just ended. So I switched over to ACA. We found out we were having our second kid and we had a president that was going to repeal the ACA. And that insurance, when you've had corporate insurance your whole life, it's like night and day difference. And so that's when I almost hit my point of emotional solvency. I'm like, what the fuck am I doing? My wife's an artist, so not W2 income. But then he stepped back and you're like, okay, the easy fix, the fear-based fix would be like, I'm going to get a job. You step back and you say, okay.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  23. Of all of those three things. So when I left finance, the first question everyone asked me is, what are you going to do about health insurance And I had to do a tiny bit of research because I didn't know. And my answer was, well, I'll do Cobra. And so you get exactly the same insurance. It's just really expensive and you pay for it out of pocket. But there was something, it's such a simple, health insurance is actually the least scary thing because it's a fixed cost and it's modable and you know the duration of it. But these are seven eight figure people asking me They're like, well, I couldn't do it because of the health insurance. I'm like fucking pay for it.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  24. And that's actually something that I don't know if I believe that anymore. Meaning, and it doesn't mean that I'm going to go and like totally live a hedonistic lifestyle and be irresponsible and do drugs and all that stuff. But I think that I could get a job. If I panic financially, I think I'm pretty employable. And so why should I be so hamstrung by that fear of like running out of money, right? It's almost an irrational fear that I could almost model my way out of it yet that almost prevented me from becoming an entrepreneur. And so as you go through these, you start to see how they're constantly reappearing. So perfect example, and this is where The emotional solvency part kicks in health insurance. Health insurance is a really

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  25. So, okay, that's the starting point. I've never verbalized that until two years ago. So you can imagine what holding that in does for someone for their entire life. So I'm scared of that. Then on top of that is layered a fear that I'm going to have no money. And I grew up middle class, lower middle class, but very much a kind of immigrant scarcity-based mindset. And I was always taught, and I think I said this earlier, at any point it can all be taken away from you. And so you must be vigilant. You must never be complacent.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  26. Consistent effort and work and practice, I guess, then you get to become one with them, I guess. And so it is, but it really does. For me, I'll say it flat out, like I'm very scared of my own death. And it's because I'm hyperlogical, I'm atheist, and I just generally enjoy life and I love people. And it just really scares me to know that it's all going to end.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  27. The reality though that I've observed is that once that fear comes out, when it comes out, it probably will come out. I don't think anyone would take the other side of that. It will probably be at the worst possible time for it to come out, meaning if you're a hedge fund investor, it might come out the day that the market's down 700 points. If you're a writer, it might come out as you're writing your first proposal. And I think that the reason why it's uncomfortable is because talking about fears is not particularly fun. And you kind of, it forces you to go places that are uncomfortable. But like working out, like knowledge, like acquiring knowledge, like with.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  28. This, I think, of the four, if you really have to, if you made me pick one by leaps and bounds, it's the uncomfortable introspection. And I think So, because of the work that I do, I often get lumped into kind of the wellness category. And I'm a big buyer of wellness. I believe it. I'm glad that wellness is a thing. But I also am a believer that things take work, especially things that are important take work. And I think that the uncomfortable introspection is really the role of fear in our lives, especially with males. There's this belief that, well, I take my fear and I put in a box and I bury it deep inside my soul. And I'm good. I don't see it. It doesn't see me. It doesn't impact me. And it's just in this box. And hopefully it never comes out.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  29. The anchor tenant and really still struggling with a lot of that phone stuff to the point that I could type the 15 character password so quickly now that it's almost as quick as the touch ID. I considered making it 25.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  30. It unlocks, you read a few tweets, maybe you respond to an email, five minutes goes by, and your kids, my kid, has done like one of the cutest thing in the best part of the day and you missed it and you didn't, there was no value to reading those tweets. Zero because A, either you would have read them later or just tweets have low value in general, the low expected value. And then you realize how often that's like a very well crafted example. But you do that 150 times a day and you've just like, you've missed a lot of beautiful things and like that breath that we took together. And so I view that as part of the stillness continuum and they're all challenging. And meditation for me being.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  31. With disabled touch I But I still have it. I put the color back on because I've been messing around with video stuff. But the reason why this is so important, this long password, is, okay, you're in the kitchen with your, you know, you're having coffee on a Saturday with your wife and your kids are running around and your phone's a little bit far. It's on a desk like 10 feet away. You're in this like great conversation, the best part of the week, like Saturday morning. Kids wake up. Everyone's in a good mood. You go walk, you happen to walk by your phone, you put your thumb on it.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  32. And as you start to re-center yourself around really like absorbing what we have in the present, breathing's a big component of that. So that's like one part of stillness. When I'm stressed sometimes, I do these four-part breaths where you breathe in for four seconds, hold for four seconds, and breathe out for four seconds, your stress will go down. So that's the very short end of the continuum. And then on the long end, there's the Yval Harari, like 60 day, 60-day silent retreat. People ask me, can you write? Like, no, you can't, right? You could barely eat. And then somewhere in the middle, somewhere in the middle, there's more traditional forms of meditation. But then somewhere closer to the one healthy breath is kind of mindfulness around your phone usage. And I think that not being on your phone for six hours, we talked about negative screening at the beginning.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  33. Stillness as kind of this continuum where on one end, and I still struggle with this even today, I don't think I took one conscious breath. Meaning, like, I took a breath of air and I felt the air kind of go through my lungs, through my nostrils. And even as I just described, like both of our tension levels just kind of like went like. Mean like if we just did that from one breath. And I don't know. I don't think I took a conscious breath for 35 years.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  34. Yeah, when the first day I met my brother in law, he said he always remember this quote. And I said, I have the ability to squeeze the rag of time. And he was like, what the fuck are you talking about? And I knew exactly what I was talking about because I had, you'll get a kick out of this. I had created a shorthand language on my BlackBerry. So I'd converted the top 40 words into two letter equivalents. So I could write faster on a Blackberry because I'd then relearn the language. I could write faster on the Blackberry than on a keyboard. And so I was always like rushing for the next thing. I could not sit still. And so stillness, and I've become a big meditator. And I think meditation is just one tool in the quiver. And I'm a big fan of it, but I'm not screaming on all rooftops that meditate and all your problems will go away. In fact, I think when you meditate, you see more of your problems. And then that's where the other tools come in.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  35. So I view judgment kind of as the opposite, the reflection of compassion. It's not totally one-for-one. But that judgment was very much a manifestation of my insecurities. And so, you know, I would say someone that was thriving and I'm like, oh, he's probably not happy. It still happens now. And it was kind of that way that I would self-soothe over my own issues. And so, and again, it wasn't like, I think in general, like a nice, decent guy, but I never really looked into, like, I never lifted up the hood and saw some of this stuff. And I didn't like what I saw. And I thought that there was a way to change that.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  36. And so the first thing was learning to flip it To get to 50 50. Now I had like a triple whammy on MetroCard. I bought an unlimited. I lost it. Then I got another one and I lost it. And then it's like it happens. It just kind of moved on. And like at the end of the day, it doesn't matter. But if I could get back all of those like 40 minutes when I was beating the fuck out of myself out. And that's a MetroCard. Imagine like a presentation for a client that doesn't go exactly how I want it to go. If I could take all of that back, A, I think I would have been happier for sure, but I don't think it would have actually impacted my achievement level. I think I would actually, you know, air quote, achieved more. So that's one part of the compassionate. I would actually think it's more important than the compassion towards other piece. I think that I was pretty compassionate and empathetic person, but I was very judgmental. And I think

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  37. But what happens, and this is what happened to me, is I would have my unlimited Metro card and I'd forget it and I'd have to use my paid metro card. And I would beat myself up over that because I'd like re-amortize the cost of the Metro card. And one of my kind of core fears that I grapple with is that I'm going to have no money. And so that fear would kick in. Off of a metro card swipe, and I would be on the train for 40 minutes just like talking crap to myself. Like you're never going to amount to anything. How do you want to start a company, pick your favorite ambitious thing?

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  38. The most obvious is that, or the most surprising, I guess, is that it's self-compassion. It's two parts it's compassion to itself and compassion towards others and self-compassion is we're not very good at it there is a narrative out there that if you are not compassionate to yourself you are soft you will lose your edge and you know in the world of type A overachievers you will wither away And I bought into that very much Don't call me soft. There's actually research. So I actually ask this question in my talks if you take the ratio of yourself, your inner voice, what's the ratio of kind things and mean or demanding voice? And for me it was 90 berating 10% kind. And when I Talk to people, usually they kind of square anecdotally they square in that ratio. And the main fears, I don't want to be soft. I don't want to lose my edge.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  39. And you know how I met that guy was under a business pretend. I won't give it away. A business pretense. I happened to be reading at that time Lolita. And I think he sees it. And he says, oh, Lolita, we'll just say this guy's a very technical. And he recites the entire first page of Lolita from memory because it's his favorite passage ever. And so it just, you can't make the shit up, you know, and I am a linear and hyper-rational thinker, but at some point you have to tap out and say there's something else happening to make it happen this way.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source

  40. That it just gives me joy because now there's so many of these pairings that happen that someone will say, hey, remember you connected me to this person in like they're now my CTO and I'm like, what? Like I didn't even remember connecting you guys. And so I really do think and I've structured, I've tried to bring as much abundance into my life right now. And it's really made it special. And I'm really grateful.

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  41. Total abundance, and from that, if I had to guess, I've probably connected two thousand pairs of people in my adult life, I mean, in my lifetime. And the way it comes back to help you, and I could say the great things that happen to me in 2016, TED Talk, courts EIR, two great press coverages and a coaching someone asked that was another source of income. I do a little bit of coaching. All of those happen through some random connection, this podcast. And so it just, it's gotten to a point now that it gives me a lot of confidence. It's something I've invested in a lot of time, a ton of time. But it gives me this confidence that I'm going to be okay. But more than that.

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  42. 7 to 1.2 a day. And the network compounds from the 17 people. And I think, but the thing that I want people to take away from that is. I don't expect anything if I don't even, it's nice if they tell me what happens, but I don't even care what happens as long as no one's a jerk. If someone's a jerk, I want you to tell me and not just that person, I will remove them from the heuristic. But other than that, I don't care. And so it's just...

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  43. I guess I was doing it so often. I meet a lot of people. I think I meet this. In this current year, I'm meeting on average 17 people per week. And I know because I have like a calendly set up. So it's like three per day plus Saturday, one Saturday, one Sunday, mix of Skype and college. And some are new and some are recurring and friends and business people and so on. I believe that if two people should meet, then it's my duty to do it. And I call that the MBI. And somewhere right around when I had my daughter, I tried to use a heuristic where I would try to make three per day. And I don't think I ever averaged three for a sustained period of time. But I would say around when my daughter was when I was definitely averaging like 2.5 per day, now it's probably 0.

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  44. Yes. Yeah. The MBIs. My snap crew will know very much what I'm talking about. I have this belief about the world, which is if there are two people in the world who should meet and I know about it, it's my responsibility to make it happen And I just with a little footnote, if they're both kind people. And it was something that I just believe in, I still do. And I

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  45. around different biases and different ambitions and overambitions. And when you're a solo entrepreneur with, you haven't figured it out, things can be irrational for a very long time. And it reminds me of the quote, markets can remain irrational longer than investors can stay solvent. And so what I've realized is the world for my ideas and business product can be irrational for as long as I can stay for longer than I can stay emotionally solvent. And more so than the amount of money in my bank account or the revenue that's coming in, the ability to extend the window of my emotional solvency, that is... Hands down more powerful and confidence building than knowing that I was able to generate a little bit of income from these kind of disparate sources.

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  46. Some revenue. So maybe it's a two and a half year plan, but it kind of goes to the abundance point that it's starting, and I have more confidence now, and I'm working on a book proposal. So like things are moving in the right direction that I'm not, I still have real, we're having our second child. And so I'm having, I have real pangs of, what am I doing? But at the same time, I've just entrusting the process and just going for it, I'm surprised by something kind of almost every day. I'm surprised that I'm a guest on your podcast, you know, and it just came from trusting the process. And so I have that confidence. And you're going to like this saying. I just appropriated it, but I've done a lot of work on.

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  47. I guess I don't want to say expert, but a recognized name in the self-exploration world. And so from that, we're actually sitting in the quartz recording studio, the entrepreneur in residence at court. So I write for courts. I do speaking. So I do a mix of paid and unpaid speaking around the topic of facing your fears, recognizing your ego, and kind of unlocking performance and surprisingly a lot of financial services firms have asked me to come talk because I could really kind of speak the language. I've got Patreon going on my site, so I'm cobbling it together. I'm still eating into my savings. But I had a two-year plan. But the two-year plan assumed no revenue. And so now I'm cobbling together.

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  48. I, by telling those stories, I started to get messages from 18 year olds saying, like, thank you for sharing that. And it just was really fun. It was really rewarding. I engaged. It was a small enough audience that I could engage with people. And it was just very moving. And I never felt that alive. And it kind of pushed me to go even deeper into my own psyche, to put it out there. And so I'll shift to the pragmatic because I know that people want to hear about the pragmatic as to I want to hear myself explain the pragmatic. I had a moment like you had with the Jack Dorsey retweet. And for me, that was a Bloomberg article and a CNN article.

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  49. Thinks Snapchat is like for extramarital fares and like weird stuff like that. And I just started telling the stories. I was experimenting and I didn't hold the camera right because I'm not part of the selfie generation. So people would be like, you have a double chin. Like hold the camera up and to the right. I'm like, really? But you look like an idiot walking down the street doing that. I just did this.

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  50. And, like, yeah, I was writing about my fear of death and being a secular atheist, hyper rational. I can control everything through action, through effort. It was just, it was a very difficult thing for me. So we'll come back to the philosophical stuff, but I just started writing. And little by little, people started picking it up. Then I started experimenting on Snapchat. And I started just The reason why I got on Snapchat was so silly, but it was basically I kept reading all these articles that say millennials hate email. And so I thought my email and newsletter was going to become my product, my source of revenue. So I said, well, if millennials don't like my source of revenue, like my product, I better learn what they like and medium.com is telling me that they like Snapchat. So I got on Snapchat and I have no friends on Snapchat, you know, 37, 38-year-old guy, my friends.

    2017-04-04 · Invest Like the Best · Khe Hy – Quant Hedge Funds and the Fear of Death - [Invest Like the Best, EP.31] · IDENTIFIED FROM THE TRANSCRIPT · source