YouSaid · the spoken record

Todd Herman

lines on the record: 111
first: 2023-11-28
most recent: 2023-11-28
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“I wish it was only three assumptions. There were like nine assumptions I was making that were going to have to be successful in order for that thing to kind of pan out for me. That's a great example of a very methodical and patient process of making a good choice.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Well, my favorite takeaway that I've had from them that's really shaped my decision making is their context of assumptions, where if they were, I don't know if it was Charlie or if it was Warren who said it, but if they had two investments sitting in front of them and they have an idea of what they project the outcome would be on those two investments, they then go to, well, how many assumptions are we making on these two things? And this one over here that looks even a little bit more sexy, but if we're looking at it and there's three assumptions that we're making, and this one over here is only one assumption or two assumptions even, with every assumption, the likelihood of success is like cutting it in half. And then I kind of reflect on my own life and a bunch of decisions that were made that I thought were going to be great outcomes for me. And I'm like, oh, how many assumptions was I making? And sometimes.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Some hockey trivia, the best goal scorer on breakaways in the history of the NHL had two moves. Every single goalie in the NHL knew his two moves, but he could execute those two moves better than every single goalie could possibly save him. So going back to the whole patience thing is there's an element of thinking time. And I think that so many people would observe someone who's trying to be patient in their thinking about a strategy or a way of doing something as them being they're lazy with it or they're avoiding it. And a lot of amazing people, all they need is two really great decisions a year.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Yeah, and I am one of the first persons to beat the hustle drum with people like, hey, when you're just starting out with something, you got to hustle. Like you got to focus your energy and work hard at that thing. But then for many people, it becomes their identity. Oh, I'm someone who can do that. And then they get trapped inside of it. Whereas in the world of building a business to a certain level or even building your sporting skills or any sort of skills, there becomes a time of maintenance that kind of gets baked into that process. And if you only are always hustling, that means you're typically going to add more, add more, add more. More is the enemy to peak performance. Adding more to something, doing more things, having 17 more new ways of doing a breakaway dek on a hockey goalie is not going to make you better. In fact,”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Business life and building businesses and whatnot. I talk about my career, which isn't something entrepreneurs typically talk about. They don't talk about their career. And so I've had people ask me, like when they come to the mic stand afterwards, I'm like, why'd you use career like entrepreneurs? That's just a, I never hear an entrepreneur say that. And I say, because I look at entrepreneurship as a career. And when you look at something as a career, then you look at it as, well, what are the skills that I need to build? Career isn't something that's, to your point, an impatient two week time frame. It's a very long view of things. So I take a look at that world a lot differently than I think many other entrepreneurs do and people in our world.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“That lack of patience can cause us to make really poor decisions. Than those decisions can get us into more trouble than we need to, someone who's a hero to both of us, you know, Charlie Munger and Buffett both would talk about how success has a lot more to do with not making stupid mistakes. Than it ever does in making phenomenally right choices. And the easiest example is if I'm out drinking with you, Shane, me getting into the car and driving is a, could be just a subtle, stupid mistake. Nothing ends up happening. Or it could be an irrevocably irrevocably bad decision that ruins or, you know, causes a lot of people harm. So yeah, I think patience is, it can be a great force. This is actually something that might resonate with you too, Shane. Like, I stand on stage in front of like a lot of entrepreneurs. And when I talk about my”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Behaviors, your beliefs sit as on top of that identity of you as that performer and with the tools that I was using with people and becoming known as Mr. Alter Ego, when I now had a better model and a better tool to help change people's identity quickly. And so speed was always what I indexed towards. It's also because that's what my clients want. Typically really ambitious people, they appreciate speed. And so that was a forcing function on the tools that I needed to build for the clientele that I have. So I'd say first LongView, mentorship, environment. And then secondly, I'm going to look at identity. Those aren't the only things, but those are the first two things I want to take a look at for a lot of people.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“As opposed to how can I design an environment around me that's going to make it a lot easier and grease that slide? And so that's one thing is I always like to evaluate people's environments because sometimes that's the easiest thing to change. And I haven't even made you the problem. You know, I said Longview, I want to look at your environment and the people that you have around you and mentors and then in the short term, and this I kind of became known in the pro sports world as a quick hit guy. And so when someone is playing at the US Open in Flushing Meadows in New York on Saturday, and it's a Wednesday and I get the call in New York City where home is for me, I'll be on that subway out there. I want to look at your identity because your identity, the person or the view of yourself that's going out to perform on that field is where all of your habits, attitudes.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“High value ideas or philosophies or paradigms that are going to be better than mine. I think that's one thing that I would always look at first is the underappreciation of environment and how that plays way more on your success than you. Because we come in, right? Like Shane, you read amazing ideas and amazing books. And we index a lot to making myself better. And so it's a me thing.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“Okay, so for the long term, from my experience, the quality of your mentors and the people that you have around you plays a massive role in you not stepping in stupid more than you need to. I've been a byproduct of mentorship. I'm a big believer in apprenticeship. I think it's one of the things that's been lost nowadays because so many people want to create the perception of immediate success as fast as possible. And it's the fast food world that we live in and drive through wins and things like that. But apprenticeship for me has opened up a very large chunk of the doors of opportunity for me because their Rolodex was better than mine. They'd already done it. So I'd say in the long term, that long view of how can I get around high quality, high value people, because typically they're going to carry with them.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT
“If you Shane were to actually pursue the thing you want and start taking action on it, you're losing the excuse of hope. I think hope is a double-edged sword like everything in nature. The moment I take action on it, I no longer have that warm blanket of hope that someday maybe I'll be able to go and do it. And I think that many people stay stuck where they are not pursuing the things that they really want to do because of hope.”
2023-11-28 · The Knowledge Project with Shane Parrish · Todd Herman: Unleashing Your Secret Identity · IDENTIFIED FROM THE TRANSCRIPT