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Wolfgang Hammer

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
356 total appearances

Appearances Over Time

Podcast Appearances

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

There's a thing in character development where the character at the beginning of a story will have a concept of the world that they believe is fixed.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And it's very often a flawed concept.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

This is always attributable to a lack of self-knowledge.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And I think with the case of a great founder who feels that they're building something that's working, and then they feel that perhaps the way they're thinking about the context wherein this product lives is limited.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

With big companies, sometimes they have a product that perhaps is not as good anymore as it used to be, and that the conception of the world is antiquated and they don't quite know how to pivot it.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And then there are all these superficial answers that come and you grab from the world.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

What the answers might be that you need to structure your company around

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And my suggestion is always to pull that from the inside.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

So to access it through self-knowledge.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

So with a founder, they're simply trying to find access to some buried truth that they haven't looked for in the right way, but it's in there.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

The way I think of it is story works in three layers.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

One, there's the external mechanics of how the character interacts in the world and you can substitute character for product.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

That's a requirement.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And in the case of technology, it's technical.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

You got to have something that works.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And then there are two more layers, which is a subjective layer of why is this series of events important to me?

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And what does it mean to me personally?

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And then there is a philosophical layer.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

And on a philosophical level, it's probably where you try to find out, and you have to steel man this, and it's very easy to straw man it, but you got to steel man it, how you believe the world works today and what people believe makes a good world.

Invest Like the Best with Patrick O'Shaughnessy
Wolfgang Hammer - The Power of Story - [Invest Like the Best, EP.447]

Because everyone, most of the time, believes they're doing what is the right thing.

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