The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
No, no, I pay more and more and more attention to it.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
But for decades, I was just like, yeah, look, like, emotions are a liability.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
They can lead you astray.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
And in excess, again, in excess, that's true.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
But I would say, in terms of determining who I'm going to spend time with, it's like, if that person calls you, do you want to pick up the phone or not?
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
And if you're like, not now, maybe I'll get back to them.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
That's not a small thing.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Like some of my friends are really good investors, call it the beer test.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
And the beer test, it's really simple.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
It's like, if you're walking around, like if you're walking outside in a mall and somebody, a founder you invested in is walking the other way, are you gonna do this?
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Or are you gonna walk over and be like, hey man, so good to see you.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Hey, we should grab a beer.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Which one is it?
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Because with, say, startup investing, and everybody should treat their relationship this way, but in startup investing, just to give a concrete example, it's like the biggest successes for me take seven to 12 years.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
That is longer than most marriages.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
And smart isn't good enough.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
Hardworking isn't good enough.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
You could have somebody with low integrity
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
who is very smart and very hardworking.
The Shawn Ryan Show
#274 Tim Ferriss - Life-Changing Practical Wisdom Backed by Experience and Science
That is a dangerous person, right?