Episode 037 Tony Robbins

Summary

• Tim Ferriss interviews Tony Robbins in his home in Palm Beach, Florida
• Tony has consulted or advised leaders including Nelson Mandela, Mikhail Gorbachev, Margaret Thatcher, and Mother Teresa
• Tony has developed and produced five awardwinning infomercials that have aired continuously since April 1989
• Conversation is broken into three parts: Tim's questions, Tony's daily routines, and Tony's research on mastering the game of money
• Tony has interviewed and coached some of the most unbelievable minds in the world of finance and investing, including Paul Tudor Jones, Ray Dalio, Carl Icahn, David Swensen, Mark Dr. Doom Favor, Sir John Templeton, and Kyle Bass
• Tony is a big dude and has a lot of respect from Tim
• Tony's new book will be discussed in the interview
• Tony Robbins believes that the quality of life is determined by the quality of questions asked.
• When meeting with top performers, Tony Robbins looks to understand their needs, not just their wants.
• He also looks to understand their model of the world and how they approach meeting their needs.
• Tony Robbins also looks to be emotionally fit for the person in the moment.
• Common causes of slumps for top performers include outrunning their vision, meeting a vision that is not fulfilling, and developing patterns that are unaware of.
• Tony Robbins has been helping athletes and other high performers for decades.
• He helps them reanchor in their nervous system what made them so effective.
• He does this by getting them to think about the time they hit a tennis ball perfectly and getting them back into the pattern that made it work.
• He also helps them resolve any other issues that are distracting them from peak performance.
• Tony's daily routine includes eating salad and fish for breakfast and starting his day with something to strengthen and jolt his nervous system, such as hot pools or a 57 degree plunge pool.
• He also does cryotherapy three times a week, which reduces his body temperature to minus 220 Fahrenheit for three minutes.
• Tony Robbins uses cryotherapy to reduce inflammation and reset his neurological system.
• Cryotherapy was originally used to treat people with arthritis.
• Tony Robbins does a priming exercise every day to get into a prime state.
• Priming includes an explosive change in physiology, a specific pattern of breathing, and feeling gratitude and presence.
• The last three minutes of priming are focused on three things to thrive.
• Tony Robbins has a 10minute morning routine to prime himself for the day.
• He listens to a oneness meditation made by a friend from India.
• People have misconceptions about Tony Robbins, thinking he is an infomercial guy or a salesman or a motivator.
• He believes in intelligence and seeing things as they are, not making excuses.
• His approach is to entertain, educate, and empower people.
• He considers Tim Ferriss a strategist and himself an inspirational figure.
• Tony Robbins was 39 when he took his company public and made 400 million dollars
• Peter, the former CEO of CBS, was running the company and wanted to take an extension course at Harvard
• Tony believes that life is growth and people should not be afraid of the unknown or failure
• People don't know the depth of what Tony teaches or the impact he has on people
• Tony's materials are some of the best in the world and he gives tactical next steps at the right time
• Tony believes that victory is there, but people don't realize it because it feels like a million miles away
• He helps people find the two millimeters of shift that can change everything
• Tony has coached some of the best people in the world and he was once invited to watch a facial surgeon perform surgery
• Tony Robbins has been working on a manuscript to teach other surgeons his techniques.
• He has 150 pictures of the most beautiful women in the world across cultures and the same for men.
• He makes no more than seven changes ever, and the biggest change he makes is two millimeters.
• He knows the measurement of the pupil of a woman's eye and the distance below the nose to the top of a woman's lip.
• He knows the seven changes and two millimeters that can make a difference between an average face and a beautiful one.
• Tony Robbins has written a new book after 20 years, which is aimed at both neophytes and sophisticated investors.
• The book includes interviews with people like John Bogle, Ray Dalio, and Carl Icahn.
• Tony Robbins has been travelling and seeing a quarter of a million people a year in 15 countries.
• The book is 600 pages and includes seven steps to help people change their financial life.
• Mastery requires understanding intellectually, emotionally, and consistently to become part of one's body.
• Tony Robbins took Tae Kwon Do, but initially wanted to learn Aikido.
• He was trained by Grandmaster June Ree, who trained Muhammed Ali and Bruce Lee.
• Tony trained for nine months and got a black belt in the shortest time in history.
• He wrote a book on finance to empower readers and right the wrongs of the system.
• He is also working to feed 50 million people this year with matching funds targeting 100 million people.
• Summary:
• Tony Robbins interviewed a variety of successful investors, including Carl Icahn, Kyle Bass, Ray Dalio, Paul Tudor Jones, and Warren Buffet. He found that they all had four things in common: they were obsessed with not losing money, they looked for asymmetrical risk and reward, they looked for ways to minimize risk, and they looked for ways to maximize reward. They all had different strategies, but they all shared these commonalities.
• Kyle Bass risked 6 cents for every dollar he had an upside of, and was able to make $2 billion out of $30 million.
• Tony Robbins taught his kids to buy nickels as a riskless trade with total upside.
• Nickels are worth more than the 9.5 cents it costs the US government to make them.
• Asset allocation is the single most important investment.
• The best investors are lifelong learners and passionate givers.