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World Leading Mindset Expert: How To Reach Your Full Potential - Matthew Syed | E84

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World Leading Mindset Expert: How To Reach Your Full Potential - Matthew Syed | E84

Transcript

3282 segments

0:00

in a fixed mindset people think that

0:02

success

0:03

is all about talent having the gift a

0:06

growth mindset is saying

0:08

okay talent obviously matters it's a

0:10

factor but it's not enough it's what we

0:11

do with our talents i wasn't the best

0:13

table tennis player in the world i never

0:14

got into the top 20 of the world

0:15

rankings

0:16

but with that attitude i maximize my own

0:19

potential

0:20

i think leadership counts when it comes

0:22

to innovation i mean the way amazon

0:23

conducts meetings

0:24

then when they start talking the most

0:26

senior person always speaks last

0:29

you'll get an unvarnished access to the

0:32

insights

0:33

of your brilliant team rather than

0:34

speaking first and everyone basically

0:36

converging on

0:38

what you as the leader has just said

0:39

there are a lot of people with truly

0:42

brilliant ideas

0:44

huge potential who never

0:47

act on their dreams but having the idea

0:51

doesn't mean a thing you've actually got

0:53

to act on that idea

0:55

honestly i think we shouldn't

0:56

underestimate how damaging it can be if

0:59

[Music]

1:08

matthew syed he's written some of the

1:10

most important

1:12

challenging thought-provoking books in

1:13

the self-development self-improvement

1:16

team development team building company

1:18

building leadership space

1:20

and his ideas are original they are

1:22

challenging they are

1:23

fresh they are important he was an elite

1:27

level sportsman and his ideas come from

1:29

the world of sport

1:30

but also the world of business from

1:32

politics from writing

1:34

from culture from society he evangelizes

1:37

about

1:37

diverse thinking about including more

1:40

ideas

1:41

about challenging leadership about

1:43

challenging yourself

1:44

about what it takes to start and why

1:47

most people

1:48

spend their life sitting on ideas that

1:50

could potentially change their life

1:52

but are seemingly imprisoned trapped and

1:54

blocked

1:55

by their own mindset he talks about how

1:58

some of the most talented people in the

2:00

world

2:00

can fall short of their potential and

2:03

how some people

2:04

with seemingly no talent at all can

2:07

achieve miraculous things

2:09

if you apply the learnings from this

2:10

conversation i have no doubt

2:12

that it will make you a better person it

2:14

will make your teams more innovative

2:16

and it will lead you to living a more

2:17

fulfilled life so without further ado

2:20

i'm stephen bartlett and this is the

2:22

director ceo i hope nobody's listening

2:25

but if you are then please keep this to

2:27

yourself

2:35

matthew everyone wants to be successful

2:38

everybody i don't know one person that

2:40

doesn't want to be successful so i think

2:42

it's probably quite important to define

2:44

what that word

2:45

means under your own definition of that

2:48

word the holistic definition not just a

2:51

professional

2:52

definition but how would you define that

2:53

well look it's great to be here steve i

2:56

i think that's quite a deep question

2:58

quite a philosophical one

3:00

really just getting started i know what

3:01

kind of opening question is this

3:03

i i um obviously as as a former sports

3:07

person i was a table tennis professional

3:09

for for a number of years

3:11

um success was defined in terms of

3:13

winning matches

3:15

and achieving very uh clear tangible

3:19

objectives like winning the national

3:20

championships or the

3:22

the commonwealth and so the but i think

3:24

when it comes to life beyond sport

3:26

yeah it's so objective in something like

3:28

the 100 meter sprint

3:30

you want to be your pb and you can see

3:32

it

3:33

on a digital readout at the end of a

3:35

race how close you've come or whether

3:36

you've achieved that objective

3:38

in the life beyond sport i have to say

3:41

one of the things that is quite

3:42

difficult i think for sports people to

3:44

transition

3:46

is it's more elusive more subjective

3:50

more ephemeral and i think it is a

3:53

really difficult thing

3:54

to define what you personally mean by

3:57

success

3:58

i'm not 100 sure that i've defined it

4:00

for myself yet

4:01

have you have you i i well i i'm i'm

4:03

getting closer

4:04

on a prof in a professional sense i what

4:07

i would how i'd answer that question is

4:08

i'd say

4:10

i think i'm successful if in my

4:13

professional life

4:14

if i am striving

4:17

if i'm taking on a worthwhile challenge

4:19

with people i love

4:20

so the key terms there are worthwhile

4:23

subjective to find out how you like

4:25

challenge which i think is um in

4:27

integral to

4:29

being motivated and getting up in the

4:31

morning and you know all the emotions

4:33

you need to be

4:34

internally uh internally fulfilled and

4:36

motivated

4:37

and then with people i love which i

4:39

think is just a really which speaks to

4:40

community and human interaction which i

4:42

think is part of our human

4:43

yeah and the yeah look that makes a lot

4:46

of sense to me i i have to say what one

4:47

thing that

4:48

given what you've just said you'll

4:50

probably agree with i think the narrow

4:52

way that success

4:53

has sometimes been defined in western

4:55

capitalist societies has been

4:57

deeply mistaken that it's all about how

4:59

much money you have in your bank account

5:01

and i think we all know

5:02

although you know it's a bit of a cliche

5:04

to say that it doesn't provide

5:06

happiness certainly not of a sustained

5:09

nature

5:10

i think that that thing about social

5:12

interaction the thing that makes me

5:13

happiest for sure

5:15

is putting one's heart and soul into a

5:18

project

5:18

like for example writing a book and then

5:22

getting a letter from somebody who

5:24

explains

5:26

in their own way how it has positively

5:29

impacted their life and there is no

5:31

feeling like that

5:32

for me as a writer and that

5:36

really is a powerful engine to motivate

5:39

you to come up with a new idea for a new

5:41

book

5:42

the fact that you know it's having it

5:43

has meaning for other people

5:45

not that they've paid money to buy it

5:46

and that money has been transferred via

5:48

a publisher

5:49

into my bank account that is much less

5:51

significant i mean it's great

5:53

if you do get money for it you know you

5:54

can look after your kids or you can

5:56

do something with it but it's that

6:00

feedback that sense of making some kind

6:03

of a difference

6:04

i mean in a funny kind of a way that

6:05

that's why for a long time um

6:08

as i came towards the end of my

6:09

television squad i wanted to go to

6:10

politics i thought that is the place

6:12

where you can make the most difference

6:13

right you've got the levers

6:14

to do something interesting and then i

6:16

realized it was

6:18

not quite as funner avenue perhaps as

6:21

as uh as writing why why is it that

6:24

human beings seem to get so much

6:27

intrinsic joy

6:28

from helping others i think this is a

6:31

great and deep significance and you know

6:34

just to put a historical lens on this

6:36

after the enlightenment the idea was of

6:39

human beings as individuals

6:42

individualism was the great goal of

6:45

political

6:46

life and i think we conceived of people

6:49

as deciding uh to perhaps interact with

6:52

other people

6:53

deciding to have families and you might

6:56

remember margaret thatcher

6:57

once said there's no such thing as

6:59

society

7:00

there are just individual men and women

7:02

and families i mean she had more to say

7:04

after that it wouldn't be fair to say

7:06

that was her entire philosophy by any

7:08

means

7:08

i think she was a great prime minister

7:10

in many ways

7:12

but but if you actually go back deeper

7:14

in human history

7:16

when we uh our ancestors lived at the

7:18

same time as the neanderthals the

7:20

neanderthals had

7:22

probably bigger brains than us they may

7:24

have been individually smarter

7:26

but humans lived in tighter more

7:28

socially connected groups what does that

7:30

mean

7:31

it means if somebody learns something

7:32

useful they can share it

7:35

with one of their kin and therefore

7:38

they can also share it with their

7:39

children they can get a

7:41

cross-pollination of ideas they can

7:43

bring ideas together

7:44

and then it gets passed down the

7:46

generations and it was that

7:48

sociality that conferred a competitive

7:51

advantage

7:52

on our ancestors above neanderthals

7:55

it's it is i think our distinctive

7:57

quality

7:58

we are social beings to an extent

8:00

greater i think than any others except

8:02

the

8:02

insects like uh ants who for slightly

8:06

different uh evolutionary reasons

8:07

cooperate at scale

8:09

and there's an element of virtue

8:12

signaling

8:14

social media that sort of seems to have

8:16

exacerbated this amongst our my

8:17

generation in particular who all seem to

8:19

want to change the world

8:20

but can't necessarily tell you what they

8:21

want to change they just want to be a

8:23

person that's changed the world

8:24

that's interesting that's interesting

8:26

because about a decade ago i started

8:28

looking at you know

8:29

now i'm i'm believe it or not 50. uh

8:32

he's a little great

8:33

well i was going to say i don't if you

8:34

have to remember oil of are you late

8:36

no that's probably the slightly older

8:38

people will remember i don't use that by

8:40

the way but

8:41

um i uh started looking at how

8:44

aspirations have changed since i was in

8:47

my choice so when i was at university

8:48

everyone wanted to work for the u.n

8:49

yeah that was kind of considered the

8:51

great

8:53

sort of panacea of life but 10 years ago

8:56

a lot of people were saying in surveys

8:57

of young people

8:58

what do you want to do in life what do

9:00

you want to be in life and the answer

9:01

was

9:02

famous yeah famous you know not not to

9:05

have a body of work

9:06

that gives you fame you know to walk to

9:08

you know you want to walk down the red

9:10

carpet having created an amazing film

9:12

but no

9:13

they just wanted the red carpet and i

9:14

thought that was that was a dangerous

9:17

thing and i i'm sure there's been a

9:19

correction since then but i think the

9:20

obsession

9:22

there's been no correction and i think

9:24

in some respects it's got worse i've

9:26

just it's a real phenomenon i've noticed

9:28

in my generation where

9:29

after i'll come off stage doing a public

9:30

speech whatever

9:32

kids will come up to me and say i want

9:34

to be a public speaker too

9:35

i never wanted to be i pursued my desire

9:38

to start a business and a byproduct of

9:40

that

9:41

was they pay me to speak on stage now

9:43

and fame also in my view should be a

9:45

byproduct of the pursuit of something

9:46

that's intrinsically

9:47

important to you right absolutely 100

9:49

correct and that's why the obsession

9:51

with fame is a massive danger i think to

9:54

uh

9:54

to a culture um the the thing about

9:56

speaking

9:57

so so a completely unintended side

10:00

effect of writing my first book so i'm

10:02

finishing table tennis and i'm like you

10:03

know what am i going to do with the rest

10:04

of my life

10:06

uh you know how am i going to define

10:07

success and i decided to write this book

10:10

in 2000

10:11

when does it come out 2010 called bounce

10:15

yes and i said this side effect was

10:17

being invited to give a speech at a big

10:19

corporation an investment bank an

10:21

american investment bank

10:23

and obviously you know as an

10:24

ex-ping-pong player

10:26

i'm thinking what is going on here you

10:28

know how am i suppo imposter syndrome

10:30

and also you know i went to a school i

10:32

went to a comp you know we didn't do any

10:34

almost no public speaking you know we we

10:37

learn

10:37

stuff we learn things in the classroom

10:40

but the idea of getting up in

10:42

and speaking in front of an audience was

10:44

kind of very alien

10:46

so i wasn't that good right because i

10:48

hadn't practiced that i'd never

10:49

done it before and i came off the stage

10:51

and i thought

10:53

you know what i'm just not cut out for

10:54

this if i'm invited again to give a talk

10:56

to a company i'll just politely decline

10:58

then i thought and it took me about i

11:01

know 48 hours to think what a ridiculous

11:03

way to hijack my own development if you

11:05

actually had the right attitude if you

11:06

had the right mindset

11:08

you can probably learn these skills and

11:10

take advantage of these brilliant

11:11

opportunities because you always learn

11:13

don't you when you go and speak in an

11:14

organizer

11:14

so i googled public speaking practice

11:18

and the first hit was called

11:20

toastmasters and this is like a global

11:22

network of just

11:24

public speaking clubs where other normal

11:26

people um

11:28

go to the club to develop social

11:30

confidence and the one nearest me in

11:31

richmond was in twickenham

11:33

just over the bridge and there was uh

11:35

franco worked at lloyd's on the high

11:37

street

11:38

just the group you give a speech they'd

11:40

give you feedback

11:41

and the mentoring was a really important

11:43

part of it because you need a bit of

11:44

feedback

11:45

and you know what you could have done

11:47

better and then about two-thirds of the

11:49

way through there's something called

11:50

table topics

11:52

where somebody writes the list of topics

11:54

on cards

11:55

but no one else in the room knows what

11:57

they are so you have to go to the front

11:58

you pick it up and then turn around

12:00

and spontaneously talk for a minute on

12:02

whatever topic the first one i ever did

12:04

was the natural history museum

12:06

you know that's terrifying right you're

12:07

not used to it but you learn and you

12:09

develop that skill

12:11

um so so learning how to speak publicly

12:15

it took me three or four years and i'm

12:17

not saying i'm brilliant at it now by

12:18

any means but my goodness how much

12:20

better when you have a can-do

12:22

attitude towards it and that brings us

12:24

to the topic of mindset

12:25

really nicely you know i've heard you

12:27

talk about having a growth mindset and a

12:29

fixed mindset what is the difference

12:30

between the two

12:32

so i think for thank you for what it's

12:34

worth i think this contrast is

12:36

is so important i mean i can talk about

12:38

it through my own life but

12:40

you know in a fixed mindset people think

12:42

that success

12:43

however defined is all about talent

12:46

having the gift

12:48

uh having the genetic inheritance and

12:51

you know having the personality trait in

12:52

order to excel

12:54

a growth mindset is saying okay talent

12:57

obviously matters it's a factor

12:59

but it's not enough it's what we do with

13:01

our talents so people in a fixed mindset

13:03

have two

13:04

massive risks one they think they're so

13:07

talented they don't even need to try

13:09

so think of a young person who's just

13:11

been

13:13

invited to join the manchester united

13:15

academy

13:16

and they're suddenly getting money into

13:17

their bank account they're able to buy

13:19

the fast car

13:20

and they think i'm god's gift and they

13:22

and the amount of academy coaches who

13:24

have come to me and said we don't

13:26

understand it we had this hard-working

13:27

youngster we invited them into the

13:28

academy

13:29

and then they just went off the rails

13:31

it's a fixed mindset they think their

13:33

success is the short so they stop

13:34

putting in the hard yards and don't

13:36

transition

13:37

into the first team so that's one danger

13:38

the other danger

13:40

is people who don't think they're god's

13:42

gift but

13:43

like me at goldman sachs you make one

13:45

failure

13:46

and you interpret that as meaning i

13:49

obviously don't have talent therefore

13:50

i'm just going to give up

13:52

you see what i mean yeah so that's the

13:53

negative version yeah so you've got the

13:56

i'm super talent is everything and i've

13:58

got it so therefore i don't need to try

14:00

talent is everything

14:01

i don't have it therefore i should give

14:02

up they're both terribly

14:04

uh damaging i think a growth mindset it

14:07

doesn't mean that we think we're all

14:08

going to be the best speaker in the

14:09

world

14:10

i wasn't the best table tennis player in

14:11

the world i never got into the top 20 of

14:13

the world rankings

14:14

but with that attitude i maximize my own

14:16

potential

14:18

and going back to your thing about

14:19

success

14:21

that's not a bad definition now i think

14:23

about it you know to try and be the best

14:24

that we can be

14:26

in our own lives doesn't mean we're

14:28

going to be the best who ever lived

14:30

you know not everyone could be muhammad

14:32

ali or serena williams or

14:34

or who or albert einstein but to be the

14:36

best we can be i think it's so wonderful

14:38

and just from my own perspective i think

14:42

trying to fill one's own potential going

14:44

on a journey that has some meaning

14:46

there's something wonderfully um

14:49

uplifting something satisfying about

14:51

that too

14:52

i really like the combination of those

14:53

two ideas this idea of being the best

14:55

you can be

14:56

but realizing that it's a pursuit

14:59

towards something that you may never get

15:00

to

15:01

right so the journey and the journey

15:03

towards being the best you can be at

15:05

something which has a lot of meaning to

15:06

you

15:07

maybe maybe that's the definition we

15:08

were looking for now i think that that

15:10

point you make about the journey is

15:11

really really important what was it i

15:12

think it was robert louis stevenson said

15:14

to travel is a better thing than to

15:16

arrive

15:17

oh yeah and in a weird kind of way i can

15:19

say i talked about trying to win the

15:20

nationals but

15:21

first of all in the nationals i remember

15:23

winning going home i was living on my

15:24

own in a flat in

15:26

richmond i got home and i thought is

15:28

that it you know what i mean it was

15:29

the the fun was actually the training

15:32

and the

15:33

camaraderie with my practice partners

15:35

and seeing those small improvements

15:38

through time

15:38

i mean that's consistent with most high

15:41

performance athletes and

15:43

um business people and i was reading

15:45

this piece and i think it was in the

15:46

telegraph about

15:47

um olympic depression where you have the

15:49

olympians who train for the olympics

15:51

they

15:51

and whether they get a gold medal like

15:53

michael phelps who fell into depression

15:55

or whether they lose either way the

15:57

outcome is they just

15:58

lose orientation in their life yeah and

16:00

and this is why i i and also i felt it

16:02

myself when

16:03

a company came along when i was 24 and

16:05

offered to buy my company and i go home

16:07

look at right move look at all the cars

16:08

i can buy and everything

16:09

and i feel this sense of emptiness and

16:11

like but then what what's my life

16:12

without this

16:14

and genuinely that was like an

16:15

existential crisis because i was like

16:17

i can't sell this thing but the insecure

16:19

broke kid in me

16:20

thought he was doing this to sell this

16:22

thing yeah and it was just this really

16:24

you know

16:24

it's one i think one of the deep

16:26

paradoxes of the human mind i mean

16:29

the the sense of anti-climax

16:33

when one achieves a long cherished

16:35

ambition i want to be a millionaire i

16:37

want to buy an aston martin

16:38

i want to win the olympic gold medal i

16:41

remember talking to victoria pendleton

16:43

oh yeah the olympian yeah because you

16:44

lit the cyclist

16:46

you know you live with this ambition

16:48

it's what gets you out of bed

16:50

in the morning right i want to win the

16:51

olympic gold it's what

16:53

when you're on the track she was

16:54

explaining you know it's what makes you

16:56

push harder

16:57

because you've got this this goal this

16:59

destination

17:01

that's pulling you this magnet pulling

17:02

you towards it

17:04

then when you get it you wake up the

17:06

next day and what on earth is getting

17:08

you out of bed

17:10

what's causing you to push yourself

17:12

that's one of the reasons i think people

17:13

who make money very quickly

17:16

face massive many not all

17:19

and this is well documented psychology i

17:20

mean you'll know about the

17:22

people who win lotteries whose marriages

17:24

can

17:25

end who end up in in often depression i

17:28

mean that's not a cliche this is well

17:29

established

17:30

and i think it's because you get

17:31

something and then it's like

17:33

what is left to pursue in life

17:37

i do some interviews for the time sports

17:39

stars and i mentioned victoria pendleton

17:42

billy jenkins yeah exactly the same

17:45

um uh david beckham

17:49

um uh ryan giggs

17:52

uh i mean i've interviewed you know most

17:55

of the the

17:56

ronaldo most of the leading many of the

17:59

leading sports people and it's the same

18:01

story and

18:02

i think what i've noticed is that

18:05

as you did that capacity to take a step

18:08

back

18:09

and to say you know what i'm feeling low

18:11

feeling empty

18:13

i need to find something else that's

18:14

gonna galvanize me and

18:16

and that's what gets people back on and

18:19

i think the antidote

18:20

is being aware of that yeah and

18:23

because then now when i achieve things

18:25

in my life i don't come into those

18:27

achievements with this expectation of

18:28

exponential joy

18:30

and so i can almost enjoy it more

18:33

right you know yeah no i totally get

18:36

that i i

18:37

trying to think you know yeah i think

18:39

look just

18:41

one of the things that i've noticed from

18:42

my own personal lives the more busy i've

18:44

got

18:45

sometimes you don't take enough time to

18:48

take a step back

18:49

and to say you know this was a great

18:51

thing that happened or

18:53

or to be in the moment when something is

18:55

happening with

18:56

one dude do you have kids no no with

18:58

with one's children or

19:00

wife or partner or whatever and i think

19:02

i'm slowly

19:03

you know i write books on this stuff but

19:05

i i i'm learning all the time

19:07

and that's one of the reasons i want to

19:08

do the podcast when i've read about you

19:10

i thought you've had

19:11

such a different set of experiences to

19:13

me i'll learn a lot from you too

19:15

we've now had two subscribers come in

19:17

and watch from behind the scenes we're

19:18

going to start picking more so all

19:20

you've got to do if you want that to be

19:21

you

19:22

is hit the subscribe button let's talk

19:24

about failure than something you talk

19:26

about at great length

19:27

i think um tend to believe that a lot of

19:30

the reason why people don't reach their

19:31

potential

19:31

however we define that is because they

19:33

are risk adverse

19:35

and failure is something they just can't

19:37

their self-esteem just can't bear

19:39

i think that's i think that's true my

19:41

own sense is that this has been

19:43

exacerbated

19:45

by the social media so you tell me how

19:47

the social media it may have changed a

19:49

lot since i

19:49

wrote my first book for young people but

19:52

at the time

19:53

psychologists had come up with this

19:56

concept of the curse of perfectionism

19:58

and their thesis was

20:00

that young people are obviously now on

20:03

the social media a lot

20:04

and a lot of people when they're putting

20:06

together their social media posts they

20:08

do it in such a way as to make their

20:10

lives look really good

20:11

you know this is the holiday i just had

20:13

on this wonderfully sunny beach

20:15

and um you know they might even airbrush

20:17

photos to make themselves look better

20:19

and this is my wonderful performance on

20:22

the piano and and the problem is

20:26

people then start to think that success

20:28

is about looking

20:29

and acting in a perfect way that's

20:32

massively problematic because why would

20:34

you want to try anything new

20:37

which is inherently a risk because if

20:39

you're doing something the first time

20:40

you're obviously not going to be perfect

20:42

um and if you do mess up you draw the

20:44

thing that goes back to the fixed

20:45

mindset you draw the conclusion well i'm

20:47

obviously not

20:48

talented enough because i haven't nailed

20:49

it the first time around i think this

20:51

was also bolstered by

20:53

in your own reality television now i

20:55

think reality tell the idea of

20:56

instant success instant gratification

21:00

overnight elevation into in into the

21:03

heavens

21:04

and if you you know particularly young

21:05

people think that success is like that

21:07

they don't realize the incremental steps

21:10

you need to take to fulfill your

21:11

potential because as you know

21:13

most businesses succeed because you know

21:16

i don't know whether you're familiar

21:18

with the american jargon but you get a

21:19

minimum viable product you test the

21:21

value proposition early you find out the

21:24

inevitable deficiencies in the prototype

21:26

or the piece of software

21:28

and then you make adaptations in silicon

21:30

valley they call it failing fast in

21:32

other words they're failing fast in

21:33

order to get to a better answer

21:35

if you stop the first time you fail or

21:36

if you don't try at all you're never

21:38

going to get to an answer

21:40

if you think of the history of science

21:42

science is a success the most successful

21:44

human institution

21:45

because scientists by and large are

21:48

willing to test their hypotheses

21:50

you know they test it they look at the

21:52

empirical evidence and they change it in

21:54

the light of what the evidence is

21:56

telling them

21:56

that is the basic pattern of science and

22:00

and i think the problem is as he alluded

22:01

to is that if young people are like

22:03

goodness me i don't want to look

22:04

anything other than

22:05

perfect it destroys their capacity to

22:09

grow and and to have

22:10

a life of fulfillment because jk rowling

22:14

put it brilliantly she said

22:16

the only way never to fail is never to

22:18

try but then your life is a failure

22:21

because you've just stayed in your

22:22

comfort zone the whole time

22:24

i see that i resonate with all of that

22:25

so much and there's specifically this

22:27

this idea i love the science analogy

22:28

because

22:29

seeing it as a hypothesis you write in

22:31

science you you start with hypothesis

22:33

you're not romantic about it

22:34

and then you go in pursuit and you you

22:36

agnostically go and test it

22:38

right whereas what you're saying is you

22:41

know

22:41

young people or ambitious people

22:43

generally will start with a hypothesis

22:46

and they will long in need for it to be

22:49

perfectly incorrect and this is also why

22:52

businesses fail because

22:54

founders just they just do everything

22:56

and i i failed in my first business

22:58

for many years because of that because i

23:01

was

23:01

obsessed romantic about my hypothesis

23:04

being correct

23:05

not romantic about the outcome which was

23:07

trying to be a successful person

23:09

right look i i think i think that's

23:12

really

23:13

really significant and i think that's a

23:15

great great way of framing it look

23:17

by the way some scientists fall in love

23:18

with their theories yeah

23:20

and they can't adapt it i mean there's

23:21

been a few examples during the pandemic

23:23

um and and by the way i mean i don't

23:25

know listen there's an interest in this

23:27

but

23:28

there's a brilliant study by philip

23:29

tetlock who's an american psychologist

23:32

and he looked at forecasters

23:34

so people trying to predict next year's

23:35

gdp or oil price or other things of this

23:38

kind and he found a really interesting

23:39

pattern

23:40

that the highest reputation forecasters

23:43

who are on television the most

23:46

on average make the worst predictions

23:48

and can you see what

23:50

what is an error of ego an error of

23:52

prediction is an opportunity to adapt

23:54

the model in order to make it more

23:57

predictive in the long run

23:58

but if you've been on the tv and you're

24:00

supposed to be the god of forecasting

24:03

you start defending your prior

24:04

assumptions

24:05

and so people who have an ego that gets

24:08

in the way of hypothesis testing

24:10

they are brilliant at creative

24:12

self-justification

24:14

i think the people who are most

24:15

dangerous to companies

24:17

and innovation are intelligent highly

24:20

talented people in a fixed mindset

24:23

they're just inveterate obstacles

24:26

to making the changes you need to change

24:27

in order to get the business to where

24:29

you want to go

24:29

to or where you want the economic model

24:31

to get to

24:32

and so on so i think it's the same in

24:35

meetings you know i've

24:36

as you know i'm very interested in how

24:38

how businesses succeed and the the forum

24:40

in which we take

24:41

most key decisions are meetings because

24:44

no one person has a monopoly on truth so

24:46

you want to talk to other people

24:47

but these can be really ineffective if

24:50

people

24:50

think that when someone challenges you

24:52

they're insulting you

24:54

they're not they're testing your

24:55

hypothesis we should think of meetings

24:57

as mutual hypothesis testing so that we

25:00

can collectively get to the best

25:02

uh strategy or idea and i think when you

25:04

frame it in that way you take the stigma

25:06

out of

25:07

challenge and dissent and failure

25:11

let's challenge that then so if if we've

25:13

got a meeting we've got

25:14

five 10 people around this table we've

25:16

got an intern over there

25:18

uh we've got the ceo there got managers

25:21

directors around the table

25:22

one new person one person's been here

25:23

for 10 years you've got all these

25:25

different sort of dynamics of people

25:26

trying to

25:28

get promotions get a payroll oh my god

25:29

the ceo's at the table i don't wanna be

25:31

an idiot

25:31

i don't wanna say anything dumb you know

25:33

and all of those like dynamics how do

25:35

you

25:35

get those dynamics out of the way and

25:37

just become focused on

25:39

letting the best idea win right so this

25:41

is really well studied

25:43

um i think the thing to to try and

25:46

really convey

25:48

is how dangerous the dynamics you've

25:50

described can be

25:52

because what tends to happen in a very

25:54

hierarchical organization

25:57

where the ceo or the team leader has

26:00

discretion over pay and promotion is

26:03

that people don't say what they think

26:05

they say what they think the leader

26:07

wants to hear

26:08

that's fine if the leader knows

26:10

everything there is to know because

26:11

you're just basically ventriloquizing

26:13

but so in a simple environment

26:15

you don't need to have a team right you

26:16

just have the leader make a decision and

26:18

everyone

26:18

but when it's a difficult complex

26:20

decision in other words the ones that

26:21

confer a competitive advantage on a

26:23

business the leader needs to hear

26:26

the different perspectives to make a

26:27

better judgment but the extent to which

26:29

this happens a good example is in

26:31

aviation

26:33

so i'll describe a classic case in

26:36

in the aviation is a great area to study

26:39

by the way when it comes to team

26:40

dynamics

26:41

so this is united airlines 173

26:45

and it's a flight that took off out of

26:47

uh denver colorado

26:49

in december 1978 and it's flying to

26:51

portland in oregon

26:53

and as a plane's coming in on the final

26:55

approach the pilot pulls the lever to

26:57

lower the landing gear and you know when

26:58

you're in the cabin

27:00

you hear it go down and clicks into

27:02

place

27:03

but on this occasion there's this really

27:05

loud bang the plane kind of

27:07

deviates and the light that should

27:10

illuminate on the dashboard to show that

27:11

the wheels are down it hasn't gone on

27:13

so the pilot doesn't know if the wheels

27:14

are down it's pitch black so they can't

27:16

ask

27:16

air traffic control to look up so he

27:18

puts the plane into a holding pattern

27:20

above suburban portland

27:21

then they try and troubleshoot the the

27:24

issue so the first thing is the engineer

27:26

so in these days the cockpit had a

27:28

captain a co-pilot and an engineer

27:31

the engineer goes into the cabin and on

27:33

this particular model of aircraft when

27:35

the wheels are down two bolts shoot up

27:37

above the wings

27:38

the bolts are up but they're still not

27:40

100 sure right and you want to know if

27:41

the wheels are down

27:42

before you come in so so the pilot they

27:45

they radio to the manufacturer and that

27:46

you know they're kind of

27:47

explaining what's happened the

27:49

manufacturer is like yeah we think the

27:50

wheels are down but we're not sure

27:52

then the pilot's like i wonder if the

27:54

reason that the light didn't go on the

27:55

dashboard is because of faulty wiring

27:57

so he starts playing around with with

27:59

the in the plane still in the holding

28:01

pattern

28:02

as they're doing all of these different

28:04

checks but at this point another

28:07

safety critical issue has come into play

28:09

the plane's running out of

28:11

fuel right and the engineer

28:15

knows that the plane is running out of

28:16

fuel because he can see it

28:18

going down to zero on the dials right

28:21

he has a big incentive to tell the pilot

28:25

that the plane is running out of fuel

28:27

because otherwise he will die so you

28:30

have this juxtaposition

28:31

of objective information and maximum

28:34

incentive

28:35

but in the 1970s it was a command and

28:38

control

28:39

culture you know the pilot was genomic

28:42

yeah the pilot was

28:43

deemed to be the boss the omniscient

28:46

um controller and the other two were

28:49

supposed to basically

28:50

carry out that controller's instructions

28:52

and they called the pilot sir

28:54

it was almost always a man right and and

28:57

so imagine if the engineer says to the

28:59

pilots

28:59

now why do we have a team we have a team

29:02

because no one person has

29:03

all of the information they're narrow in

29:05

their perceptual bandwidth other things

29:07

are happening at the same time

29:09

but if the engineer says to the pilot

29:11

you know what we're running out on pu

29:12

of fuel the implication is the pilot

29:14

didn't know that already the pilot might

29:16

get offended

29:17

isn't he supposed to know everything and

29:19

we know

29:20

from this and many other incidents that

29:22

in that situation

29:23

we don't speak to each other directly we

29:25

don't test hypotheses directly we code

29:28

our language we mitigate

29:29

our speech and from the voice recorder

29:32

from the black box

29:33

we know that the engineer said instead

29:35

of we need to land because we're running

29:37

out of fuel

29:38

critical information for the pilot to

29:40

make the right strategic decision

29:42

he said oh we're kind of getting low on

29:45

fuel here

29:46

and the pilot because of the insinuation

29:48

he knows everything wasn't even

29:49

listening

29:50

so the plane crashes but not just that

29:53

plane a number of

29:54

incidents in the 1970s of exactly the

29:57

same kind happened

29:58

because communication was so skewed by

30:01

this very steep hierarchy it happens in

30:03

surgical

30:05

operating theaters famously when nurses

30:07

can't speak up

30:09

because they're worried if i say

30:10

something this is the surgeon

30:13

you know the the the big cheese and

30:16

we know from you know for what it's

30:18

worth from randomized control trial

30:19

evidence lee thompson at northwestern

30:21

university meetings are a catastrophe

30:22

the vast majority of them

30:24

absolute disaster because people are not

30:26

sharing information they're basically

30:29

playing a political game to curry favor

30:31

with the boss so what you so that so the

30:33

short answer is you need what's called

30:34

psychological safety

30:36

it's i hate the jargon all that means is

30:39

an environment where everyone feels they

30:42

can be

30:42

candid and they can say what they really

30:45

think

30:45

and hypotheses are tested when google

30:47

did a big data analysis of his

30:50

most successful software development

30:52

teams psychological safety was

30:54

the biggest predictor of success

30:57

because it means you're getting that

30:59

interplay of ideas that's so important

31:02

it's interesting because you know these

31:04

big companies well big companies by

31:06

by definition i guess have more ideas

31:10

right but they are often the least

31:12

innovative exactly

31:14

and that seems like a bit of a it should

31:15

be the other way around you would one

31:16

would think that the biggest companies

31:18

would be the most innovative because

31:19

they have more brains more ideas but

31:20

they're just

31:21

that's what yeah yeah that's interesting

31:23

point you make there so big

31:25

you're right so a bit so well let's

31:27

think about that

31:28

what would generate good ideas it's the

31:31

number of ideas

31:32

not the number of people if you have an

31:34

organization

31:35

with a very homogenous culture very

31:38

commanding control

31:39

a lot of sociological convergence you

31:42

might have 10

31:43

000 people all thinking the same way i

31:44

mean you've seen professional services

31:46

companies where you see the senior

31:47

leadership team

31:49

and they may look a bit different but

31:50

they're all absolutely thinking exactly

31:53

the same way they've been there so long

31:55

that's a big danger for companies see

31:57

with cities you increase the size of

31:58

cities they become more innovative

32:00

companies get less innovative because

32:02

they get so much convergence

32:03

they have a lot of people but they think

32:05

in the state it's an echo chamber

32:06

basically right

32:07

whereas startups sometimes

32:11

a startup might be an idea that's

32:12

completely off the beaten track and then

32:14

suddenly you've got this

32:16

opportunity to scale but even with

32:18

startups you know often when they go

32:20

public they start to lose their capacity

32:22

to

32:22

to innovate and i think that's why you

32:25

know i've written a book on it you need

32:26

a culture of diversity so that you begin

32:28

to protect

32:29

and and and value the

32:33

um like the diverse ideas that enable an

32:36

organization to anticipate future

32:38

disruptions and come up with new

32:41

talk to me about creating a culture of

32:43

diversity in your

32:44

in your business then if you're starting

32:46

a company if you're running a company at

32:47

scale how do you increase the diversity

32:49

of

32:50

right ideas yes so um so the

32:53

the most important for me the most

32:56

important thing by far

32:57

is landing the argument as to why it

32:59

matters

33:01

a lot of people don't think it matters i

33:02

mean i remember going to an hr

33:04

conference and the

33:05

the the speaker

33:08

was talking about diversity is a

33:11

wonderful thing you've all

33:13

need more of it and it will always help

33:15

you do better as an organization

33:16

and this really awkward customer at the

33:18

back said can i ask a question and uh

33:20

like yeah okay

33:22

um imagine i am the coach

33:25

of an olympic sprint relay team yeah and

33:28

suppose

33:29

um i've got you said who was the fastest

33:31

person in the world at the time was

33:32

usain bolt

33:34

suppose i've got usain bolt in my team

33:37

and suppose

33:38

hypothetically i had cloning technology

33:40

so i could clone usain bolt to have four

33:42

usain bolts in my four by 100 relay team

33:45

there's no diversity in that team but

33:47

they're all very fast

33:49

right yeah if you said you need to

33:51

diversify your team

33:53

that would mean hiring slower runners i

33:55

don't want to do that as an olympic

33:57

coach

33:57

and it was like the air in the room just

34:00

it's like it'd been punctured and

34:01

everyone was like that's an

34:01

awful thing but he was right that

34:04

question was

34:05

you know in simple activities cognitive

34:08

diversity of opinion cognitive diversity

34:10

doesn't help you if it's obvious what to

34:12

do

34:13

why would you want diversity if you've

34:15

already got a solution a can solution

34:17

you just need to scale it you don't need

34:19

diver

34:20

but when there's a complex environment

34:22

that logic

34:23

turns on its head so if you imagine for

34:25

example

34:26

you've got five people each one of whom

34:29

has

34:29

one brilliant idea you might think you

34:31

have five brilliant ideas but if they

34:33

all have the same idea you've only got

34:34

one

34:35

yeah all you need is two different ideas

34:37

and suddenly you've

34:38

tripled 300 increase in the creativity

34:42

of that group

34:43

that's where cognitive diversity matters

34:45

and if your

34:46

mission is to solve complex problems

34:49

diversity

34:50

is the cornerstone of how well you do it

34:53

and once you land that argument people

34:54

start to

34:55

at the moment people say too many people

34:58

think

34:58

diversity is a politically correct box

35:00

ticking exercise

35:02

and when diverse voices come in they're

35:04

condescended to they're not properly

35:05

included

35:06

once you realize it's a strength

35:08

organization start to harness it

35:11

to do the great things that they want to

35:13

do i can imagine that organizations

35:15

don't

35:17

typically organizations don't know what

35:18

they don't know and they don't

35:20

they don't know what they don't have as

35:22

well so if you don't see what i mean

35:23

it's like an unknown i know

35:24

so when the board when he's like let's

35:26

say we've got six

35:27

white six-year-old board members sat

35:29

around a table of a

35:31

company that's really successful and

35:33

then they go

35:34

you know what's their incentive to hide

35:36

they think we've been doing great

35:38

we're all very smart you smart yeah i'm

35:40

smart yeah you smart yeah i'm smart

35:41

yeah and like how do you make the case

35:43

to them that

35:45

they need to hire a black woman and

35:48

that's going to help

35:49

when they've just been killing the game

35:51

with these six white men right

35:53

well it's okay so again you're

35:55

absolutely right to ask the question it

35:56

depends on the context yeah

35:58

let's say for example the organization

36:01

is

36:01

uh an advertising company and they've

36:05

traditionally been selling to

36:06

white middle-aged men who uh think

36:10

rather as they do the the

36:13

if they only want to sell to white men

36:16

then there may be no advantage

36:19

in hiring somebody with a different

36:20

perspective if they're seeking to

36:21

broaden their capacity

36:24

to sell to people from different

36:25

demographics they won't have the tacit

36:28

knowledge that they need in order to do

36:29

if you think of the cia they hired

36:31

brilliant analysts in the post-war

36:33

period and they thought they were the

36:34

best

36:35

intelligence agency in the world but a

36:37

lot of the information was

36:38

obviously confidential it's only now we

36:40

can see how awful they were because

36:42

almost

36:42

everyone almost 100 of their analytical

36:46

team were white

36:47

middle class west coast

36:51

anglo-saxon protestant

36:54

liberal arts graduates nothing wrong

36:56

with that background right

36:57

but if you're trying to assess threats

37:00

emerging from around the world

37:02

the soviet union how would you possibly

37:05

understand the probability of

37:08

a conglomeration of different nations

37:11

falling apart

37:12

if you've been brought up in a stable

37:15

middle class family in america

37:16

how are you going to understand tribal

37:19

sectarianism and the risks of

37:21

radicalization

37:22

in the middle east when you come from

37:23

that background you know when we invaded

37:26

when when the the the uk joined the

37:29

coalition to invade iraq you know there

37:31

was a genuine view that you impose

37:33

democratic institutions and it will work

37:35

effectively there was no real

37:36

understanding

37:37

of the history of iraq and how those

37:40

institutions would be hijacked by

37:42

sectarian interests because these

37:44

guys had gone to university they'd

37:45

learned all sorts of interesting things

37:47

but they had no deep

37:48

understanding of the dynamics in that

37:50

country so

37:52

if i was talking to the for example the

37:54

director general the cia

37:56

i would be explaining you know what you

37:59

know

38:00

but in the complex world there's stuff

38:01

that you don't know there's stuff that

38:03

people

38:04

who think like you don't know be

38:06

creative about how you

38:07

optimize the diverse insights that can

38:10

help you do the job you want to do

38:11

now if it was the cia demographic

38:16

diversity is critical

38:17

you need to have people from different

38:19

backgrounds who have had different

38:21

experiences in order to understand

38:22

emerging threats

38:23

for an advertising team it would be

38:25

different for a team of economic

38:26

forecasters i can tell you what it would

38:28

look like mathematically you want

38:30

highly accurate individual forecasters

38:32

whose models

38:34

generate diverse predictions because

38:36

when you average them you get an

38:37

incredibly

38:38

it's called the wisdom of the crowds so

38:40

there are ways to do it i mean there are

38:41

tools that we use with our clients to

38:42

make this

38:43

work and for what it's worth the really

38:46

you know

38:46

obviously slightly self-serving thing to

38:49

say but i think most of the innovative

38:50

organizations are thinking exactly what

38:52

you've just said

38:53

we need to figure out what it is that we

38:55

don't know quickly

38:56

have some tenuous sense so we can start

38:59

plugging these blind spots

39:01

right and on that point of

39:04

innovation which we touched on what are

39:06

the so

39:07

running a business running a global

39:08

business as it scaled i could see that

39:10

we were getting less innovative you kind

39:11

of get complacent

39:12

you build teams you get you know your

39:14

teams get more comfortable with

39:16

how it's always been done and then just

39:18

getting them to disrupt themselves

39:19

becomes increasingly difficult

39:21

especially when more people get involved

39:23

things seem to slow down someone goes on

39:25

and you'll leave

39:26

and then you say you've got a new

39:27

innovative idea you put it on an email

39:28

thread it stumbles around the email for

39:30

thread for four months

39:31

nobody's incentivized to do that because

39:33

they're all getting paid to do their

39:34

current job and you don't typically have

39:36

like an innovation

39:38

team so when it's everybody's job it's

39:39

nobody's job these are all probably you

39:41

know and then these are

39:42

then you talk about failure as well

39:44

people aren't incentivized to fail in

39:45

big

39:46

organizations what are the parameters or

39:48

the factors or the dynamics

39:50

of a team that does innovate

39:54

so i think i look i think that's all

39:55

right and i i think it's a bandwidth

39:57

issue i mean you talked about a team

39:58

that's been successful thus far i mean

40:00

to take the legal

40:02

profession which have you know used the

40:04

billable hour for a very long time

40:06

have done a particular and they're busy

40:08

and they're making money

40:10

but i hope that it's not a particularly

40:13

unique insight to say that many of these

40:16

legal firms will be out of business in a

40:17

decade if they don't leverage machine

40:19

learning

40:20

right and ai in all sorts of different

40:23

ways

40:24

and start to disrupt their own so you

40:25

can carry on being busy

40:27

whilst your equity value is about to

40:28

disappear right

40:30

so unless one is able to say not just

40:34

we need to be doing things well for our

40:37

clients

40:38

and doing what we've always done

40:39

effectively but we need to also be

40:41

thinking about how we do things

40:42

differently and better

40:44

you may well be busy you may well have

40:47

satisfied customers but it just takes

40:48

one competitor to innovate and you're

40:50

out of the game

40:52

so i think that that is a good way to

40:54

focus minds

40:55

on sparing some bandwidth to that

40:58

question of innovation

40:59

so it doesn't just get dropped it's

41:01

tough right because

41:03

that often means a change in personnel

41:06

yeah and nobody likes that idea

41:07

in big organizations i think this about

41:09

some of the big advertising groups like

41:10

they call them the big six

41:12

and the big six have been around some of

41:14

them one of them in particular has been

41:16

around for a hundred years doing

41:17

advertising

41:18

what are the big things like wpp

41:20

publicis those kind of yeah

41:22

and i was thinking you know in their

41:23

executive teams you've got people that

41:25

have been there for

41:25

20 30 years then this thing called

41:27

social media comes along

41:29

and they're thinking oh my god so it's

41:31

not billboards anymore on tv

41:33

um where does that leave me and i'm not

41:35

gonna know what tick tock and snapchat

41:37

are

41:37

and the threat of having to replace

41:40

oneself i think often

41:41

and your ego often um means that you go

41:44

down with the titanic

41:46

yeah and you know for what it's worth

41:48

you see this in in um

41:49

in in many different areas so i think i

41:52

don't do you admire amazon as a company

41:54

admirer yeah i mean in some ways not in

41:57

others

41:57

yeah so they should pay more taxes yeah

42:00

yeah

42:01

but i mean what they've done is just

42:02

staggering right but i mean i think

42:05

so i think leadership counts sometimes

42:07

when it comes to innovation

42:09

i mean he's obviously no longer um ceo

42:12

but i think

42:12

if you read jeff bezos's letters to

42:14

shareholders they're all about

42:16

the stuff that we've been talking about

42:17

experimentation unbelievable

42:19

commitment um you know we talked about

42:22

the meetings you know dissent

42:23

and then commit um almost all of the

42:27

i mean the way amazon conduct meetings

42:29

you know

42:30

they will as you know they'll they'll

42:32

read the the agenda item in silence

42:35

so that every single person is bringing

42:37

an independent perspective to bear on

42:39

what are the risks of this what might

42:41

make it how could it be improved what

42:43

might make it

42:44

fail and then when they start talking

42:46

the most senior person

42:47

always speaks last you'll get an

42:49

unvarnished

42:50

access to the insights of your brilliant

42:53

team

42:54

rather than speaking first and everyone

42:55

basically converging on

42:57

what you as the leader has just said so

42:59

they have a range of ways of trying to

43:01

ensure they sustain

43:02

but you know amazon will will probably

43:05

struggle but they've done well

43:06

so far and it's it's i think it's a good

43:08

case study of how to

43:10

how to sustain it but it's not i mean

43:12

but i i've got to say honestly

43:13

one of the things that i'm most

43:15

interested in is you know i mentioned

43:16

i'm 50.

43:18

i'm totally bewildered by social media

43:20

and you obviously you

43:22

you inhabit right that world you know it

43:25

you've got a nuanced

43:27

granular understanding of the whole

43:29

thing yes imagine you're me

43:32

right so now what do you know

43:35

i i don't know i don't i don't have the

43:38

faintest idea of how

43:40

to youthfully engage with the social i

43:43

came to twitter late my tweets are

43:45

rubbish

43:46

i mean look if anyone's following me

43:48

thank you but i know i'm not very good

43:49

at it but i

43:50

it's an alien world for me and i'm not

43:52

i've never been on facebook

43:54

speaking sorry so we're speaking right

43:56

so what should i do how do i

43:57

learn how did you learn to speak

44:00

toastmasters

44:01

well it's a similar thing but it isn't

44:03

though because is it yeah

44:05

it's i when i did my first public talk

44:07

when i was 14

44:08

and i'm i always say this i was i was

44:10

speaking in front of like parents

44:11

evening

44:12

my i'm shaking my hands are sweating so

44:14

much in this paper shaking so much

44:15

i realize i'm not gonna be able to read

44:17

the piece of paper because it's moving

44:18

too much so i just made up the speech

44:20

and it's a similar thing with twitter

44:22

you just said i've done my first tweet

44:23

awful tweets

44:24

and then you're like it sounds like you

44:26

quit or you stop oh you were

44:28

disappointed still there but i don't do

44:29

it very much

44:30

because i kind of i i say that i've

44:32

probably done a few thousand tweets but

44:33

i came to it late and i

44:35

i still feel that if you

44:38

okay let me ask you this if you had to

44:40

summarize what you know

44:42

yeah about the social media and and how

44:45

one

44:46

engages with it how one you know one

44:48

wants one's

44:49

articles to be read you know how would

44:51

is it impossible to encapsulate that in

44:54

a minute

44:54

i would say so i so what i do

44:56

professionally

44:57

what i used to do professionally is i'd

44:58

go and do these talks telling people all

45:00

about social media

45:01

all the tips tricks techniques

45:03

algorithms

45:05

all the psychology and really explaining

45:07

it to them and then i'd end my talk by

45:09

telling them that everything i've just

45:10

told them

45:11

probably won't be the case in three to

45:12

six months because it changes so much

45:14

and and what that therefore means is the

45:17

only way to know what i know

45:18

is to play with the toy as often as you

45:20

can and it's and so from this is why i

45:23

say to people when they come up to me

45:24

and say how do i become a social media

45:25

expert

45:26

i say to them often like we'll name

45:27

something you're interested in they'll

45:28

go you know

45:29

i don't know cars i'll say go make a car

45:31

instagram page and run it

45:33

because then it puts you in the trenches

45:34

and it makes it puts you in

45:36

a growth moment or so

45:40

and it's just practice and it's that's

45:41

all it is so if you want to become a

45:43

master of this thing that's constantly

45:44

changing and there's ten updates to the

45:46

top

45:47

um four social media apps every single

45:49

week

45:50

then you have to have a reason to be

45:52

showing

45:53

you've have that life has to be giving

45:55

you a reason to show up every day

45:57

and open it up and look at it and and

45:59

perform these iterative

46:01

uh tests which give you this feedback

46:03

loop so for me

46:05

the real savior for me as a social media

46:06

ceo and most of the things i went on to

46:08

sell to clients

46:09

were learnings that i got from two

46:11

places the first is um in my company i

46:13

create this thing called ever changing

46:14

landscape

46:15

very very simple internal group

46:18

everybody shares everything they know

46:19

every day

46:20

oh my god i've just seen tick tock have

46:22

launched this new button goes into the

46:23

group

46:24

we then text it to all of our employees

46:26

at 9 am in the morning every morning on

46:27

whatsapp

46:29

so and it's this constant loop of what's

46:31

new what's changing

46:32

our mantra as a company became keeping

46:34

brands at the forefront of what's

46:35

possible

46:36

and what but that slogan appreciates the

46:38

fact that there's a

46:39

marketing director [ __ ] themselves

46:41

because it's changing every day

46:42

and they want to be at the forefront of

46:44

what's possible but they're [ __ ] so

46:45

it feels like

46:46

two jigsaw pieces i'm [ __ ] myself

46:48

because this thing's changing

46:49

you're saying you're gonna keep me at

46:50

the forefront of what's possible which

46:51

is gonna make me look good to the ceo

46:53

we're gonna work with social chain and

46:55

the second thing that kept me at the

46:57

very forefront and made me good at

46:58

social media

46:59

is i run my personal brand on social

47:01

media

47:02

which means that on linkedin instagram

47:04

twitter

47:05

every day i'm either tweet and i've got

47:07

a team that helped me now but i'm

47:08

tweeting i'm looking at the numbers

47:10

doing a post looking in the comments

47:12

okay that didn't go well click on the

47:13

insights button

47:14

loads of people seem to share this one

47:15

why is that ah maybe that's because

47:17

there's eight posts and

47:18

okay the subtitles oh my god look at the

47:20

retention number when we did subtitles

47:21

yeah the retention so much higher click

47:24

on the insights oh my god look so when

47:25

we do that at the start of the video

47:27

80 of people fall off in the first five

47:30

seconds of all of my videos

47:32

so i've got to do something special in

47:34

the first five seconds and it's that

47:36

constant learning over 10 years

47:38

then people call you as a expert it's

47:39

not i just been playing with a toy

47:40

longer yeah and that that i mean

47:42

it's great to hear you say that because

47:44

i think that's the pattern of

47:46

learning in pretty much all fields every

47:48

field in all aspects of life

47:49

yeah i mean that's science right you're

47:51

getting the iterative feedback exactly

47:53

and the more granular the feedback i

47:55

mean if you know

47:56

that people are switching off the video

47:58

after five seconds or ten seconds

48:00

better than just knowing yeah that 50

48:02

dropped off over the total time so

48:04

so it's the granularity and speed and

48:07

objectivity of that feedback so playing

48:09

with do you think that um

48:11

so you may think this is a cop-out but

48:13

say you're you know it is me now trying

48:15

to get

48:15

if you if you're a writer yeah and you

48:18

obviously got a lot going on

48:20

yeah in terms of coming out with the new

48:21

but do you think it's outsourcing i mean

48:22

obviously you can

48:23

you could outsource it to a brilliant

48:25

person to do you could outsource it to a

48:27

brilliant person to do

48:28

a lot of charlatans a lot of snakehole

48:29

salesmen so it's fine how do you know

48:31

what's good when you don't know what's

48:32

good

48:34

well that's one of the reasons well i've

48:36

as it happens

48:37

i have tried to do that and i've had a

48:38

number of proposals there that i'll

48:39

check with you

48:40

okay that's what we'll do in exchange

48:42

i'll help you find someone that that is

48:44

actually good

48:45

um that's the quid pro quo right you

48:46

could have a lovely

48:50

what i would say is you can learn one

48:53

channel one or two channels

48:55

with no matter how busy you are um and

48:57

if you do learn one or two channels the

48:59

impact it will have

49:00

on your business your as an author as a

49:03

as

49:04

as a you know someone that um shares

49:06

their ideas with the worlds and

49:07

creates blogs is tremendous you only

49:09

have to learn one or two channels better

49:11

than 95 percent of people

49:12

and to do that you just need to use it

49:14

every other day and if i was you i'd be

49:16

thinking

49:17

twitter i'd be thinking

49:20

it depends medium is an interesting one

49:22

i'm going to give you three twitter

49:23

linkedin and medium i wouldn't bother

49:25

with instagram if i was you

49:27

if you're a writer and you're your your

49:29

the audience that you speak to with the

49:31

ideas you convey

49:33

linkedin twitter super easy to learn

49:36

and i i know that sounds like really of

49:37

course i'll say that because

49:39

like but those two platforms i think

49:41

will have a

49:42

exponential impact on your business

49:44

that's interesting so probably i i

49:46

so somebody in my office handles the

49:48

linkedin

49:49

and and instagram but i've i've not

49:51

really been on them enough and learned

49:53

so

49:53

this is really really really helpful do

49:55

you think that social media

49:58

has been a force for good in the world

50:00

because

50:01

it's difficult i mean i don't know if

50:02

you you've been following the news on

50:04

that the last week you probably have the

50:06

last 48 hours

50:07

but i see you know we talked a bit

50:10

earlier about how

50:11

we can converge with people who think

50:14

the same as us and we've obviously seen

50:15

that on

50:16

certain types of social media where you

50:18

get these echo chambers

50:19

trump trump the filter bubble other

50:22

things of that kind but at the same time

50:24

you have access if you want it to lots

50:26

of different voices and people in

50:28

certain types of societies can blow

50:30

whistles or things that are going wrong

50:32

you know i i think the the the political

50:35

consequences of the social media

50:38

are among the most important of my

50:40

lifetime

50:41

um i obviously am not a native and

50:44

you know i have a particular analysis

50:46

what's your take on that

50:48

so the great things to come from social

50:50

media the first things that spring to

50:51

mind

50:51

are important ideas being shared at

50:53

scale and change happening faster than

50:55

it ever possibly could have

50:57

so you think about key movements around

50:59

lgbtq rights

51:01

um you think about certain causes you

51:04

think about

51:05

atrocities happening in certain parts of

51:06

the world having a window into those

51:08

things and those ideas spreading very

51:10

quickly

51:10

and the consensus being arrived that

51:13

quickly therefore actually been taken

51:15

quickly therefore changing political

51:16

change happenings at

51:17

light speed i think is amazing um i

51:20

think

51:21

one could say being able to make

51:25

some type of connection with people in

51:27

faraway lands

51:29

however on the adverse consequences of

51:31

social media the biggest ones for me

51:33

are um the the things like instagram

51:37

which create which will ultimately lead

51:39

you to believing that you're a piece of

51:40

[ __ ] and not enough

51:42

and how does it do that because

51:43

everyone's life looks so good everyone's

51:44

amazing

51:45

um so that does happen on instagram of

51:47

course yeah i mean the algorithm will

51:49

show you

51:50

um the prettiest people typically

51:52

typically the prettiest people

51:54

that have the best lives and then

51:55

obviously there's this

51:57

almost like black mirror-esque ranking

51:59

where if i post a selfie and i'm not

52:01

looking on my a-game

52:02

i'll get less likes so that's like the

52:04

the world's going um

52:06

five by ten steve today and then i come

52:08

back with the filter

52:09

and i'm posing and i've done a little

52:11

photoshop here and the face tune here

52:13

and i come back look at my fake stuff

52:14

and it was instagram

52:15

oh well done and then it's incentivizing

52:18

me

52:19

it's you know positively reinforcing me

52:21

to live a more fake

52:22

more shallow more materialistic life

52:24

that's so interesting and and people do

52:27

you know they change their phones to

52:28

look better i write about this in my

52:30

book the the ceo of

52:31

an app called facetune said that

52:34

um facetune is basically an app that

52:37

allows you to very easily without any

52:38

editing skills change completely how you

52:40

look

52:41

you can change your skin color that make

52:44

you

52:44

make your face have no spots on it you

52:46

can suck your face in your hips in and

52:48

it

52:48

it's so easy to do and um

52:51

and on top of and so the ceo of that

52:53

company said that he hit a gold mine and

52:54

he says openly he says i it was just a

52:56

gold mine

52:57

the amount of downloads that app has had

52:59

from young people who want to change how

53:01

they look

53:02

is staggering then you have this other

53:03

thing now with which with these face

53:05

filters where i can put a filter on

53:07

and it will just clear my skin up and

53:08

suck my face in just a little bit

53:10

and now people you know people can't

53:13

operate without them i think i'm

53:14

probably guilty of it too if i can just

53:15

press this button and it's going to

53:16

increase my prospects of dating

53:18

and i'm going to go back to the stuff if

53:20

you don't tell me you're having problems

53:21

getting

53:21

data i mean that i can't well actually

53:25

people can't see you

53:40

you've been on it he's been on here oh

53:42

has it he's a great guy but he was like

53:44

all these that's the two sort of iconic

53:46

young entrepreneurs

53:48

but this thing about instagram is really

53:51

really interesting

53:52

really interesting so you think it is

53:54

actually

53:56

incentivizing people

53:59

constructing there is no way it isn't if

54:01

you so let me give you some more

54:03

information on this so um when

54:06

when they did a stack this vast report

54:08

on which social platforms

54:10

having the most adverse impact on young

54:11

people's mental health instagram was

54:13

stand out it's a visual platform which

54:16

is um

54:17

ranking you on how you look and the

54:19

algorithm will show you the richest

54:21

smart the richest most beautiful most

54:22

successful people

54:24

you've got the kardashians on there with

54:25

150 million followers who are

54:27

literally have been in the last couple

54:29

of months um

54:31

been like a paparazzi person took the

54:34

photo

54:34

of them on the beach and then you got to

54:37

see what they posted

54:38

and it's they don't look the same and

54:41

you've got 100 million girls

54:43

following this person who is lying about

54:45

the fact that they don't have cellulite

54:47

and

54:47

they're not a normal you know because

54:49

this is these are normal things we all

54:50

have you know

54:51

cellulite and this and this and the

54:52

rasher and spots here but that

54:54

and you think about how we attribute the

54:55

value of anything in our lives through

54:57

contrast and

54:58

in which the context in which we see it

55:00

so if you put

55:02

i talk about this in my book as well if

55:04

you put three tvs on a wall in an

55:05

electronic shop

55:06

people will think the most expensive tv

55:09

is

55:10

too expensive and too bougie they'll

55:12

think the cheapest tv

55:13

is probably gonna break and not very

55:14

good so typically they go for the middle

55:16

one

55:17

whereas if you remove them the two in

55:19

which you

55:20

the two next to it then they make

55:21

different decisions and you've seen this

55:23

with like ash's paradigm and you see it

55:24

on menus and

55:26

the way that we attribute the value like

55:27

i would be the prettiest

55:29

richest most successful person on planet

55:32

earth

55:33

if there was nobody else on earth

55:35

because it's all a measure of comparison

55:37

and instagram is a billion people

55:39

measure of comparison

55:40

where do i rank you've written about

55:42

this in yeah yeah yeah

55:44

i'll give you my book yeah yeah i'm

55:46

gonna read it

55:48

was it how to be a happy millionaire no

55:50

it's the title is happy sexy

55:52

millionaires and i'm i'm kind of

55:54

trying to instagram people instagram

55:56

bait people into buying the book right

55:58

right right

55:58

because much of buying books is

56:00

virtually signaling you know you're

56:01

right

56:02

right so the other thing that intrigued

56:04

me on the way here today was listening

56:05

to the podcast where you say

56:08

this is my podcast you know i'm slightly

56:11

embarrassed about don't tell anyone

56:12

about it whatever you do yeah

56:14

you know i would never have i would

56:15

never have thought of that as a way of

56:17

having a handle on the part i love that

56:19

absolutely loved it

56:21

but it's in funny kind of way it's kind

56:22

of like as a parent

56:24

it's a bit like reverse psychology

56:26

vegetables

56:28

what getting your kids to eat vegetables

56:29

yeah yeah but but you know i think the

56:31

true

56:32

the truth of human psychology probably

56:34

you know i mean you mentioned ashley hey

56:35

by the way

56:36

you know on psychology and on on the

56:38

global reach of twitter you talked about

56:40

ash's conformity

56:41

uh experiment that's that varies

56:44

systematically around the world

56:46

so so uh in in western countries

56:49

more individualistic countries people

56:50

deviate more

56:52

from the herd and explain what that is

56:54

because yes so um

56:56

if i if you're thinking of the same

56:57

experiment the lines yeah

56:59

yeah so so solomon ash one of the most

57:02

famous experiments in

57:03

in modern psychology he um

57:07

drew a number of vertical lines

57:11

um uh which were of

57:14

the same length and then a fifth line

57:19

that was significantly different in

57:21

length to the other four

57:23

and then he got people to answer the

57:26

question do you think these

57:27

i think i've got this broadly right do

57:29

you think all of these lines are of the

57:30

same length

57:32

and if you have people answering that on

57:33

their own like 99

57:35

say the fifth line is of a different

57:36

length to the other four but what ash

57:38

did

57:39

is he got you know 10 confederates to

57:41

come in and say oh they're the same

57:43

and then oh they're the same and then

57:44

the third person oh yeah they're the

57:45

same length and the fourth person

57:47

they're the same name

57:48

then when it gets to the actual subject

57:49

of the experiment they're like oh my

57:51

goodness if all these people think that

57:53

it must be the same and so they say yeah

57:54

they're all the same so they're

57:56

effectively

57:57

disbelieving the evidence of their own

57:59

eyes in order to fit in with the

58:01

crowd now that conformity bias which

58:03

surprises all the people

58:05

is stronger in other parts of the world

58:07

than it is in in

58:08

western can i just add as well on these

58:10

lines when you see these lines

58:13

there is no possible way that that small

58:17

line

58:18

is anywhere near the size of the other

58:20

lines but as you say because of

58:21

conformity these

58:23

these participants just go along with it

58:26

and it just it's just beggar's belief

58:27

that

58:28

that's how human psychology works but

58:30

there is a good reason for it if you

58:32

think about it

58:33

i mean every now well is there a i mean

58:35

there's a number of different theories

58:36

about why it happens but one of them is

58:38

that occasionally

58:40

um one can get things wrong that seem

58:42

obvious

58:44

and if there's a lot of people who are

58:46

independently saying the same thing

58:48

that's

58:48

very good evidence of what they're

58:49

saying is true um and so humans i think

58:52

that

58:53

bias evolved probably to enable us to

58:56

take advantage of the wisdom of the

58:58

crowd

58:59

but crowds if they can i mean crowds can

59:01

converge on things

59:02

incorrectly but not independently of it

59:04

so if you imagine a stock market bubble

59:07

that's one person buying another one

59:09

seeing that person buying and then

59:10

another person seeing those two buying

59:13

and they get a bandwagon effect whereas

59:16

if

59:16

10 people independently say that these

59:19

two lines are different

59:20

and you have no reason to believe that

59:22

they're lying that's a good reason to

59:24

start doubting so i think there

59:26

but but you know the reason i mentioned

59:27

it is there is this global systematic

59:30

variation in psychology so you may have

59:32

heard of

59:33

uh something called the fundamental

59:35

attribution error

59:36

um where we tend to blame people for

59:39

things that are

59:40

things have gone wrong because of the

59:42

situation that's much stronger in the

59:44

west than it is in the rest of the world

59:46

cognitive dissonance varies

59:48

fundamentally even

59:49

visual illusions um vary around the

59:52

world

59:53

and the reason i mention that is i think

59:57

it's helpful for businesses to

59:58

understand it but i think it actually

60:00

reaches into our deep history

60:02

and how human societies evolve which

60:05

which is the topic of my next bible i

60:06

thought you might be interested

60:07

in that okay so you guys know how much i

60:11

talk about huel and how much sure has

60:13

changed my life and also

60:14

how hewlett is the reason why much of

60:17

the reason why i'm in the best shape of

60:18

my life i definitely think that if i

60:20

hadn't had heal ready to drink

60:22

i would not be in the shape that i am

60:23

and i'm stronger than i've ever been

60:24

maybe two times stronger than i've ever

60:26

been

60:26

but what i want to talk to you about

60:27

today is hughes brand new

60:29

product which is just launched last week

60:31

which is the hule

60:32

protein and he would have never had a

60:35

protein product

60:36

but i was actually slightly involved in

60:38

the testing of this product

60:40

and it's amazing so i have pretty much

60:42

all the new flavors here

60:43

and my favorite flavor as always if you

60:45

know me you'll know this and a lot of

60:46

people send me this in my dms a salted

60:48

caramel

60:49

if you're looking to increase the

60:50

protein intake in your diet

60:52

and you're thinking about getting in

60:54

great shape

60:55

over the coming months which i think a

60:56

lot of people are then i would highly

60:58

recommend you try

61:00

the salted caramel fuel protein why try

61:03

that

61:04

100 calories per serving which is

61:06

staggering

61:07

20 grams of protein and it's got like 26

61:09

of your minerals and vitamins that you

61:11

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61:12

and have a healthy body it's also vegan

61:15

and dairy-free

61:16

it's also gluten-free no artificial

61:18

colorings like a lot of protein products

61:20

have and no artificial flavorings at all

61:22

that is the heel way to make

61:23

nutritionally complete good food for you

61:26

give it a try send me your snapchats

61:28

instagrams tweets whatever you do if you

61:30

try it

61:31

and also send me your progress because i

61:33

i get so many dms now from people that

61:34

are taking huel

61:36

and that have seen significant changes

61:37

in their life um and it fills me with

61:39

joy that i get to talk about a product

61:41

on this podcast every week that

61:42

you guys love back to the podcast

61:45

one thing i i certainly do want to talk

61:47

to you about as well is how

61:48

as an individual because we've talked a

61:50

lot about companies um

61:52

and teams how as an individual one is to

61:55

reach

61:56

that this is a super broad question and

61:57

i hate asking broad questions because

61:58

you tend to get broad answers but

62:00

how has an individual one could reach

62:02

their potential or what what are

62:04

some of the fundamental things that

62:05

block people from reaching

62:07

their potential we've talked about a

62:08

fear of failure um

62:11

we've also touched on the idea that

62:13

people don't start because of that fear

62:15

of failure and they don't

62:16

get the feedback loops but what are the

62:19

other common sort of threads that you

62:20

see in

62:21

the reason why people never get near

62:23

their potential in life

62:24

so so in addition to those things so

62:26

fixed mindset fear of failure

62:28

risk adversely all the things we've

62:30

addressed the other thing i think is

62:31

i've become more interested in

62:34

it's related to what we've said but i

62:36

think it's different is is

62:38

what you might call initiative or agency

62:41

or proactivity i remember having an idea

62:45

this is in the 1970s early 1980s i was

62:48

going to table tennis competitions and

62:50

carrying this very heavy bag

62:52

blue holdall ascot hodl and thinking my

62:55

goodness this is really doing my backing

62:59

and it was just retrospectively obvious

63:02

that the solution to a problem that many

63:04

people had who are traveling a lot

63:07

is to put wheels on luggage

63:10

right wheeled suitcases which we all

63:12

have now

63:13

but having the idea doesn't mean a thing

63:17

you've actually got to act on that idea

63:19

right you've got to

63:20

say right i'm going to try and design

63:22

something i'm going to try and sell it

63:24

to a department store

63:26

i'm going to try and market it i'm going

63:28

to try and buy a shop i'm going to have

63:30

to pay

63:30

rent i have to go to the bank and get

63:33

some debt

63:34

that is a there is a massive difference

63:37

between a dormant

63:38

passive idea and one that you act upon

63:42

another example i lived on richmond on a

63:45

road in richmond

63:46

when i first moved there in my mid-20s

63:48

and it had no off street parking

63:50

what i didn't realize is that enrichment

63:53

parking is a nightmare

63:55

because all the houses have

63:58

less parking spaces than there are sorry

64:01

there are more there are less parking

64:02

spaces and there are houses and so

64:04

people park on the street and then

64:05

they get taken up but you end up having

64:07

to park 10 minutes away

64:09

a few doors down i notice at the top of

64:12

the road there's a

64:13

house with a parking space that is

64:14

always empty

64:17

i thought to myself i should knock on

64:18

the door or i should write them a note

64:22

and so i'm willing to pay rent or to buy

64:24

it from you

64:25

but i never got around to doing it and

64:27

then a few years later i was at a house

64:29

party

64:30

and this person said i used to live on

64:31

montague oh really that's interesting i

64:33

lived there too

64:34

he said yeah i had the house at the time

64:35

i said what with the parking space he

64:37

said yeah what i never understood is

64:39

that no one ever

64:40

came and asked whether they could rent

64:41

it and i thought that idea was in my

64:43

head and i never acted on it

64:45

why because there is a there's a

64:48

fundamental

64:49

inertia in a lot of us between you know

64:53

it's easy to have an idea it takes a bit

64:56

of

64:57

you know i remember when i was injured

64:58

in table tennis and you know i wasn't

65:00

practicing i wasn't doing anything and i

65:02

sat at home you know just posting the

65:04

letter felt like an

65:05

unbelievably tough thing to do you have

65:07

to go all the way to the post office

65:10

by a stamp you know oh man it was like

65:13

i'm struggling you know

65:14

this this the psychologist i've got

65:16

interested in recently is a guy called

65:18

michael fraser he's a german

65:20

really interesting guy and he looked at

65:23

the unification of germany right after

65:25

the fall of the berlin wall and

65:26

you know the west german business like

65:28

this is fantastic we're gonna have this

65:30

pool of really keen workers

65:32

and it just didn't work out because the

65:35

east german

65:36

um generalizing a little but the east

65:38

german workers had

65:39

worked in in a communist system where

65:41

all the decisions are taken by the party

65:43

bosses

65:44

and so if a machine broke down instead

65:46

of taking action to fix it they would

65:48

just wait for

65:49

the boss person to come along and fix it

65:52

for them

65:53

if they needed the telephone number they

65:54

would wait and they wouldn't act on it

65:56

and i think that being able to richard

65:58

branson

65:59

you probably know i mean i got to know

66:01

little you know he talked about how i

66:04

mean i think this is probably

66:05

well he this is the way he tells it you

66:07

know virgin atlantic he he was flying

66:10

to the british virgin islands uh to meet

66:12

his girlfriend

66:14

uh he has a stopover in miami uh

66:17

they're bumped off the flight they delay

66:19

it to the next day and everyone sat

66:20

there going this this is a disaster

66:22

then he thought well hang on a second i

66:24

could charter a private plane

66:25

which were which were in the airport so

66:29

he took the initiative probably a few

66:31

people had that idea what about

66:32

chartering a private plane

66:34

but he actually picked up the phone and

66:36

said right how much will it cost to

66:38

charter a plane you know

66:39

ten thousand dollars he then went around

66:41

to all the people with a blackboard

66:43

saying version you know

66:44

flight this is the amount per ticket

66:47

some people

66:48

bought it they managed to take the

66:49

flight and then when he got home he

66:51

rented a

66:52

boeing and and went from there and i

66:54

think that proactivity

66:57

is absolutely critical

67:00

you go to school for all those years you

67:01

get to 16.

67:03

but what about going out there and

67:06

you're about to take a decision about

67:07

what your future career will be

67:09

you know in my day when you came out

67:11

university some people would be in the

67:12

same career for life

67:14

and you take that decision without going

67:15

in asking people what was it like in

67:17

this job

67:18

could i perhaps work for a day in this

67:20

job a lot of people i went to university

67:22

with took

67:22

jobs without any of that proactive

67:25

analysis

67:26

of what it would be like now you as an

67:27

entrepreneur have this in spades

67:30

i want more entrepreneurship in schools

67:32

i want proactivity

67:33

instead of learning business studies

67:36

concepts

67:37

this is another experiment by michael

67:38

fraser instead of people doing an mba

67:42

he gave them a short course on

67:44

converting ideas into action

67:47

he calls it the action cycle those

67:49

entrepreneurs compared to a control

67:50

group

67:51

uh you know had you know 25 i can't

67:54

remember the exact amount but five times

67:56

more successful businesses or twenty

67:58

percent higher profits it was

67:59

uh published in science magazine so you

68:02

know i think that's a really really big

68:03

deal

68:05

that's a mindset i just can't get over

68:06

this idea that you saw that that car

68:08

parking space and you know you didn't

68:10

you didn't knock on or send a letter and

68:12

i'm trying to understand linked also to

68:14

um what you then talked about with

68:17

richard branson at that airport with the

68:19

with the blackboard going around and

68:21

trying to sell this airline that he'd

68:22

just come up with what is the

68:26

mental like cultural mental

68:29

psychological difference between the

68:32

people that sat there and thought i'm

68:33

just going to accept

68:34

this situation as is like you did with

68:36

the driveway or like the

68:38

other passengers who had just been

68:39

cancelled did

68:41

and the person that takes the initiative

68:42

what is it about them and what is

68:44

blocking i guess the better question is

68:45

what is blocking those

68:47

that are sat there on the airport floor

68:49

thinking [ __ ] i'm my life is over

68:51

um or i can't find a car parking space

68:53

what is blocking them and

68:54

is it this is my hypothesis there's some

68:56

kind of mental equation we're all doing

68:58

very very quickly

68:59

that's weighing up the effort it would

69:01

take and also our perceived outcome of

69:03

success our perceived chance of success

69:05

in endeavor

69:07

um and and coming to the conclusion that

69:10

it's

69:10

just not worth it or possible i don't

69:13

think that's what i i

69:14

i would reject that hypothesis i don't

69:16

think people make a rational calculation

69:18

i think it's more habit

69:19

once you're used to doing things once

69:22

if you've been at a school where and

69:25

some people are lucky enough to go to

69:26

school

69:27

where you are encouraged to to make

69:30

things happen

69:31

to you know some schools you know they

69:34

are actually asked to start a business

69:37

to pick up the phone to to um

69:40

to engage with other people as they seek

69:42

to do something you begin to

69:44

it becomes a habit the idea of writing a

69:47

letter and dropping it's like no big

69:48

deal that isn't a barrier for me it

69:50

becomes a

69:51

it becomes second nature i can tell you

69:53

from this parking space i was

69:55

you know i was just in a it was just

69:57

pure inertia i hadn't learned that

69:59

entrepreneurial mindset i did i mean

70:02

that took me a long time to learn as

70:03

well

70:04

and you think i'm just thinking about

70:05

how i would teach someone

70:07

to take be proactive i i so for i i've

70:10

thought a lot about this too and i i

70:12

i think you get people to do it so what

70:15

fraser does

70:16

in his courses he keeps linking ideas to

70:19

action you're not allowed to have an

70:20

idea without acting upon it

70:22

he calls it the uh the active ingredient

70:25

so you get into a habit of so so one uh

70:29

uh uh one of the entrepreneurs so so

70:31

he's done these experiments in europe

70:32

and in africa

70:34

um but in one of i mean he tells great

70:36

stories about it but it's

70:37

such a long time since i read the papers

70:39

um

70:40

so i think habit doing it again and

70:42

again and again you begin to get into

70:44

the routine

70:45

of linking ideas to action i i honestly

70:48

i think we shouldn't underestimate how

70:50

damaging it can be if we if we just

70:52

continue to go

70:53

with the flow and we're not prepared to

70:56

to break it from time to time

70:58

then you're kind of just a puppet to the

71:01

course of life i guess in some respects

71:03

right and i think uh yeah i think there

71:05

are

71:06

a lot of people with truly brilliant

71:08

ideas

71:09

huge potential who never

71:12

act on their dreams you had the dream

71:16

but

71:16

think about your dream that would remain

71:19

dormant

71:20

in your head had you not acted these are

71:23

distinct phenomena the idea

71:26

and the action you can have ideas and

71:28

dreams without acting on them i just

71:30

my yeah so i get a lot of dms from

71:33

people you can imagine the dm's are i've

71:34

got a great idea

71:36

and you know that 99 of people you speak

71:39

to

71:40

are never going to do anything about it

71:41

because right the the hardest part is

71:44

is doing it's just day one it's like

71:47

think of the name of the company but

71:50

they they just well i call them

71:51

sofapreneurs they have the idea on the

71:53

sofa

71:53

it never makes it a part of the sofa and

71:55

that's like 99 of people and i i wonder

71:58

what the barrier is between like

72:00

starting i i sometimes hypothesize that

72:02

it's because of this culture of

72:04

perfectionism

72:05

and this culture of needing to start at

72:06

a perfect point with all the resources

72:08

all the knowledge all the contacts the

72:10

right team which is not the case

72:12

i mean if you look at how ben francis

72:15

started his business where i started

72:16

mine it's

72:17

googling on a computer how do you build

72:19

a website and doing that for three

72:21

months

72:22

um but i but i always i always wonder i

72:25

think we could we would we would unlock

72:26

so much potential

72:27

if we were able to get people just to

72:30

the starting blocks

72:31

and we can't they're all on their sofas

72:33

yeah and and

72:35

yeah i i yeah i you describe it

72:38

brilliantly

72:38

um a couple of things that might be

72:41

worth throwing in there's a guy called

72:42

mike barton he was chief constable of of

72:45

durham police and he kept getting rated

72:48

the highest by the independent inspector

72:50

of the constabulary and i

72:51

remember i was really intrigued by this

72:53

so i i talked to him and met him

72:55

and he said that if he could

73:00

he would ask every wannabe police

73:01

officer to take one year off to start a

73:04

business

73:04

and for it to fail or to succeed just so

73:07

they started learning

73:08

using their own initiative because that

73:11

is what great policing is about

73:13

um stanley mcchrystal stanley mcchrystal

73:16

was the head of the task force in iraq

73:18

after the invasion that were trying to

73:20

quell the

73:21

insurgency of al-qaeda and at the time

73:24

it was a real

73:25

you know it's a top-down model people at

73:26

the bottom were passive

73:28

if they wanted to get anything done they

73:29

had to go up the chain of command get

73:31

sign off and it would go back down

73:33

so lacking agility and not really using

73:35

their brains

73:37

and he pushed authority down the chain

73:40

of command people could do

73:41

they could as it were initiate action

73:44

against al-qaeda targets if they thought

73:45

it was sensible to do so

73:47

and it had a big big effect on the

73:49

success of the army the number of

73:51

operations but also the percentage of

73:53

successful operations

73:54

so i think that you know i think there's

73:56

a lot of different people who are

73:58

who are working along the lines that

74:00

we're talking about right now but for me

74:02

education is a key and i'd like to see

74:05

more work done in schools to really

74:07

equip young people with this active

74:09

ingredient

74:10

you've written i think we said six books

74:12

right six books now

74:14

um they they center around topics like

74:16

high performance and mindset

74:17

and and the like um what's the biggest

74:21

thing that you're a contradiction on

74:23

in terms of what you can write about and

74:25

know and and profess to the world

74:28

but then you struggle with in your

74:30

personal life

74:32

to implement that's a great question

74:35

that's a great question i've never been

74:37

asked that before so

74:39

one of the things i'm thinking so so i i

74:41

you know

74:42

write newspaper columns all right sports

74:44

column for the times

74:45

and the political column for the sunday

74:47

times right and and i think

74:50

one thing that i try to do is read

74:53

other people who disagree with me

74:56

because that's a really useful thing

74:58

because either you really understand why

75:00

you think they're wrong or you realize

75:02

there's a weakness in your own

75:03

argument but now i think about i think

75:05

the last fortnight i haven't

75:07

i haven't been doing that enough so i

75:10

must remember that as a discipline to

75:13

to constantly read those sources that i

75:16

know are going to be

75:18

different i've got a question for you by

75:19

the way so this is another one that i'm

75:21

thinking about a lot

75:22

um what do you what did what's your view

75:25

of the word

75:25

woke so if you're if you're my age that

75:29

you know

75:29

people what your cancer culture yeah

75:33

um is that a good thing or about which

75:38

which which

75:38

part so i mean i was actually funnily

75:41

enough i was listening to

75:42

pierce morgan um talk about the word

75:45

woke last night

75:46

oh yeah it was like a 16 minutes

75:49

australia

75:50

interview and i don't know why it just

75:51

came up in my i watched 60 minutes

75:53

australia because i'm in the algorithm

75:54

so i'm in the echo chamber so it's

75:56

serving it to me every day

75:57

and he's done an interview in the last

75:59

24 hours regarding meghan markle and

76:00

explaining

76:01

you know he's being a bit of a crusader

76:03

now saying i was cancelled for standing

76:05

up for my opinions he's like really

76:06

going for it now

76:07

um and so

76:11

i don't really want to get in the

76:11

definitions because then people are just

76:13

gonna but so cancer culture

76:15

i think is a bad thing because i think

76:18

i mean we saw one yesterday where the

76:20

qriket player

76:21

who said some very you know racist

76:24

things 10 years ago when he was a

76:27

teenager

76:28

has now been suspended from the england

76:29

cricket team 10 years later

76:31

he said a couple of things you know

76:33

about you know he said something

76:36

yeah i don't want to repeat that because

76:37

someone's going to click on the daily

76:38

that's my column

76:40

is that what you're writing about yeah i

76:42

mean i it's racist i'm a person of color

76:44

and i think it's ridiculous that he was

76:46

cancelled

76:47

yeah he said some stupid jokes some

76:49

stupid slightly racist jokes 10 years

76:50

ago

76:51

are we really going to create a culture

76:53

where we're going to rid him of his

76:54

livelihood

76:55

for some stupid tweets when he was a

76:56

teenager because i tell you what i don't

76:58

know a single human being that's not

77:00

cracked a slightly inappropriate

77:02

either slash partly racist joke in their

77:04

lifetime

77:05

and this idea that publicly we're all

77:08

angels

77:09

perfect angels who are here to judge

77:11

others to the same standard of false

77:13

perfection that we portray is just like

77:15

deeply toxic and then also

77:17

we're now on the on the idea of like

77:20

free speech

77:21

we're now stopping the best ideas

77:24

because we're judging them based on

77:25

whether they fit or not

77:27

and this is again we talked about

77:28

divergent thinking and thinking having

77:30

more diverse thoughts and accepting them

77:31

and welcoming them and

77:32

interrogating them for their merit not

77:34

whether they fit

77:36

i think is is awful and my last point

77:38

again is um there's been a couple of

77:39

moments

77:40

black lives matter some other issues

77:42

where i've my opinion

77:44

has been in neither camp and

77:47

i you it's just you know

77:50

totally unacceptable because i would so

77:52

black lives matter issue i did a post

77:54

you know the narrative was if you don't

77:56

speak out then you're a racist silence

77:58

is violence

78:00

and after um george floyd was was

78:03

tragically murdered i did a post saying

78:04

listen

78:06

people process traumatic events in

78:07

various different ways

78:09

some just going to social media and

78:11

posting about it isn't actually a very

78:12

human way to process trauma

78:14

so if someone isn't speaking it doesn't

78:15

make them a racist and also you know

78:17

and and and the problem with the

78:19

thinking there is

78:20

people will look at your opinion and say

78:22

he's not wearing our football kit

78:24

he must be one of them and because he's

78:26

not wearing our football kit the socks

78:28

the shoes the shorts the shirt

78:30

he must therefore believe all of the

78:31

things that the right believe

78:34

and they put you and it's so binary you

78:36

there's no appreciation or space for

78:38

nuance

78:39

it's not the way to get to the best

78:40

ideas right look i i i'm really glad to

78:43

hear you say all that i agree with

78:44

everything you said and i'll add one

78:46

other thing

78:46

so i concur with all of those three

78:48

points i think they're very powerful

78:50

um the other thing i'm from a half

78:53

pakistani half wealth background you

78:55

know so i've

78:55

had the p word a lot in the 70s and 80s

78:59

and

79:00

i'm sensitive to to racial

79:02

discrimination

79:04

i saw my father not get from a

79:05

brilliantly talented person not get

79:07

promoted because of its color

79:09

um and that you know it leaves a real

79:12

scar

79:12

on someone growing up the other thing is

79:15

i think it's a complete absence of an

79:17

analysis of how to improve

79:18

the lives of people from ethnic

79:20

minorities um

79:22

cancelling somebody who sent a tweet

79:25

nine years ago in their formative years

79:28

it is almost like a fig leaf for true

79:31

action

79:32

civil rights movement was a great thing

79:34

in america in my opinion martin luther

79:36

king

79:37

the civil rights act the voting rights

79:39

act

79:41

but i think we have to acknowledge that

79:43

it hasn't achieved many of its most

79:44

basic objectives if you look at the

79:46

number of

79:47

black people in prison the education gap

79:51

the income and wealth gaps

79:52

i think there's a real empirical

79:55

question

79:56

about what we do and it's not going to

79:58

help

80:00

those massively important demographic

80:02

statistics yeah

80:03

to cancel somebody and it's it's almost

80:05

like it's a

80:07

it's a it's a surrender when we should

80:10

be doing things that can have a tangible

80:12

effect

80:12

this is what my my post said it was nine

80:14

slides long or nine

80:16

tweet threads and the conclusive point

80:18

was i'm going to be black forever

80:20

so if you want to help me and my my

80:22

future kids and my kids kids

80:24

a black tile on instagram or a hashtag

80:26

doesn't actually address the problem

80:28

canceling someone telling organizations

80:30

they need to donate doesn't actually

80:31

help the problem if you

80:32

really cared if your care was genuine

80:35

and not

80:36

survival oriented or virtue signaling

80:38

orientated you'd probably be

80:39

thinking about systemic issues and you

80:42

can't capture or you know

80:43

or you'd be reading or educating

80:45

yourself which are all things that

80:46

won't take place in the public forum so

80:49

go at the systemic stuff or

80:50

you know educate yourself that that to

80:52

me feels like a more genuine way to

80:55

change things yeah hashtags black tiles

80:58

canceling does it just seems like

81:00

you're ephemera you care more about

81:02

yourself

81:03

right um it's kind of not it's a kind of

81:05

uh it's a kind of narcissism i think or

81:08

at its worst it can be that yeah the

81:10

people react to that post

81:12

do you know what on that particular one

81:15

everyone agreed and that's crazy because

81:18

no one was saying it

81:20

and it's like it because i'm a black guy

81:24

it was like i gave them space to

81:26

disagree so it was actually on instagram

81:28

it did 600

81:29

000 likes wow which is a lot of likes

81:32

right

81:33

it did hundreds and hundreds of

81:34

thousands of records

81:36

it's one of my best i think one of my

81:37

best performing posts ever and it was

81:39

funny because you had like i don't know

81:40

three black people in my

81:42

in the comments section being like yeah

81:44

yeah i meant to be like

81:45

angry at me but then when i'd asked them

81:47

i'd say which one of these

81:49

um the slides do you disagree with and

81:51

tell me the sentence you disagree with

81:53

you can't find something you disagree

81:56

with in the post it's the sentiment

81:58

that this is not the party line yeah

82:01

by the way one other thing the wisdom um

82:04

the cricket magazine wisdom.com

82:07

have managed to find a post from an

82:09

england player

82:11

that was controversial i think racist or

82:13

or misogynistic

82:14

but before they were 16 years of age so

82:17

they haven't published the name yet

82:19

but can you imagine if that person was

82:21

suspended

82:22

for for something they said when they

82:24

were effectively a child

82:26

because we we talked about failure if

82:28

anyone who aspires to the england

82:30

cricket team

82:30

never says anything publicly never

82:32

writes a school essay that might come

82:34

back to haunt them

82:35

you know you never the way we learn is

82:37

by saying things

82:38

and then being challenged you don't lose

82:41

all of that if you basically

82:42

just either toe the party line

82:45

or say nothing at all that's a that

82:47

would be a catastrophe for

82:49

a dynamic liberal society imagine

82:53

that all the progress that would have

82:54

been lost right had people not stepped

82:56

outside of a party line

82:58

and instead you know stood on top of

83:00

podiums and made speeches that

83:02

people disagreed with and got them

83:04

stoned and shot and

83:05

i mean that's where most progress seems

83:06

to come from it seems to come from an

83:08

outlier

83:09

well that's right and and you know i

83:12

mean it might sound old-fashioned to say

83:13

this but you know jon stewart mill

83:16

um locke the founding fathers in the

83:19

united

83:20

states what used to be called the

83:22

western miracle

83:24

you know the fact that economic growth

83:25

was was very close to zero percent

83:28

for the first two million years of uh

83:31

the

83:32

species to which we belong right i mean

83:34

it was very very tiny throughout our

83:36

history you know somebody who was born

83:38

in

83:39

if 2000 years ago and somebody was born

83:42

1500 years ago would have seen very

83:43

little change in

83:45

society and then economic growth started

83:48

taking off

83:49

in the 18th century and now obviously

83:51

it's doubled and trebled and quadrupled

83:53

and

83:54

we expect growth to be two to three

83:56

percent a year and if it's

83:58

if we have two consecutive quarters of

83:59

negative growth we call it a recession

84:02

one of the reasons that happened is

84:04

because of exactly what you say

84:05

people were freed from the constraints

84:07

of the

84:08

party line you could say something

84:12

that for example the religious

84:14

authorities didn't approve of that the

84:16

sun is the center of the solar system

84:17

not the earth you can test hypotheses

84:20

you can say the world is older than 6

84:21

000

84:22

years you start to adapt your

84:25

understanding of the world that's

84:26

science that's technology

84:28

and i think the more construct you know

84:30

now free speech doesn't seem fashionable

84:32

these days

84:33

but those ideas in addition by the way

84:36

to things like due process

84:38

the thing that has made me trend the

84:41

only time i think i've ever trended on

84:42

twitter

84:44

is when i defended due pro so the idea

84:46

that in order to be punished for

84:48

something

84:49

you have to have had some kind of an

84:51

independent

84:53

process some independent tribunal to

84:56

establish

84:57

having listened to different sides of

84:59

the argument whether the

85:01

crime had taken place now that again is

85:03

something that takes

85:04

societies a long time to create a

85:07

an independent rule of law you know

85:09

judiciary that's in

85:11

and and people were like that's

85:12

outrageous because i was defending

85:14

somebody who had been accused of a

85:15

racist remark

85:17

and i said yeah racism is wrong but

85:19

let's wait for the process before this

85:20

person is sacked

85:22

the implication was i was defending

85:23

racism itself but that is not the same

85:27

thing but i

85:28

worry a bit that we're losing that uh

85:31

that distinction i think there's certain

85:33

people fighting back

85:34

yeah yeah and that'll be maybe it'll

85:36

swing back the other way yeah i hope so

85:38

i i i would hope so too um

85:41

self-belief i'm very intrigued as to

85:45

um you know some certain people in our

85:47

society

85:48

are more self-believing than others um

85:51

you see differences in

85:53

um genders and races and and

85:56

backgrounds and i think a lot of people

85:57

in my dms i'm

85:59

and this is where the question comes

86:00

from i have so many young kids in my

86:02

my dms that are struggling with um

86:04

confidence or

86:06

lacking self-belief and i wondered if

86:08

you had

86:09

any words of wisdom for those in my dms

86:11

that

86:12

can't find confidence and self-belief

86:17

i think for what it's worth

86:21

that self-belief self-esteem

86:24

other things of that kind of overrated

86:28

um and the reason goes back to something

86:30

we said earlier i mean there was a

86:31

movement in the 70s and 80s in

86:33

western education to build self-esteem

86:37

in young people and the way to do it was

86:39

to let them succeed all the time

86:42

right so you won't remember this but it

86:44

would you give them easy tests

86:46

get them to pass and give them lots of

86:49

and then praise them for how super

86:50

talented they were they get all this

86:51

self-esteem and they can change the

86:53

world

86:54

people were so worried about undermining

86:55

self-esteem that there were no losers in

86:57

sports days at some schools

86:59

i don't know if you have you heard of

87:01

this everyone's a winner yeah everyone

87:03

gets a sticker

87:04

and that was all about building it was

87:05

called the self-esteem movement

87:07

right but it failed and the reason it

87:09

failed

87:10

is because people would keep succeeding

87:13

and you know they'd get all this

87:14

self-esteem

87:15

and then then they'd be given a

87:17

difficult test

87:18

right or they would leave school and

87:21

they'd actually

87:22

hit the real world where they would fail

87:24

and what happened

87:25

all the walls of their world would come

87:26

crumbling down oh my goodness

87:28

i've never felt before right self-esteem

87:30

that is frag and people would protect

87:32

their self-esteem by not trying new

87:34

things

87:35

right and and that's a disaster

87:38

self-esteem can be very fragile i i like

87:40

to talk much more about resilience

87:42

we want people we i want my children to

87:45

be resilient

87:46

to try new things to mess up but not to

87:48

be devastated by it

87:50

and that i think is a much better

87:52

quality now it may be that when people

87:54

are talking about confidence what they

87:55

really mean is resilience

87:57

i want to be able to walk into a room

87:59

give it my best shot things don't

88:01

go slightly wrong i'm going to carry on

88:03

regardless every person who's a success

88:07

has had some really tough difficult

88:09

moments

88:10

and i just think that's an inevitable

88:12

part of learning how do we build

88:13

resilience in ourselves

88:15

growth mindset is very strongly related

88:17

to it so instead of

88:18

um you know for parents out there i

88:21

don't you probably have a very young

88:22

audience

88:22

i'm showing myself but but uh the

88:24

parents out there it's very easy to

88:26

praise

88:27

young people for their talent you're

88:29

super

88:30

they've just drawn a picture you're

88:32

super talented you're the next picasso

88:34

you think they're going to develop all

88:35

this self-esteem

88:37

the problem as i've said is that you

88:39

know the moment they draw something that

88:41

isn't picasso

88:41

as soon as they get negative criticism

88:43

oh my goodness i'm no picasso after all

88:46

um much better thing to do is to praise

88:48

them for the

88:49

effort or the process well i love the

88:52

way that picture

88:53

that the colors fit together they think

88:55

oh right if i want to develop as a

88:56

painter i have to make the colors fit

88:58

together in a more sophisticated way

88:59

you're aligning their mind and

89:02

motivation

89:03

with the journey they need to take to

89:05

fulfill their potential

89:07

so it's good experiments praising for

89:08

effort praising for process

89:10

is a much more um positive thing than

89:13

praising for talent

89:15

and fixed attributes it's interesting

89:17

because in my company i

89:18

came to learn that um the most effective

89:21

way to get my teams to innovate was to

89:23

praise them for the effort and the

89:25

process as opposed to the outcome

89:26

because if it became about the outcome

89:28

the successful failure of the experiment

89:30

then um which is largely actually

89:33

outside of their control

89:34

right when you're doing so if i say to

89:36

my team right we're going to build this

89:37

website and we think it's going to do

89:39

this

89:40

whether it does that or not whether this

89:41

product market fit whether it's a

89:42

success or a failure isn't actually in

89:44

their control the bit they can control

89:45

is

89:46

starting doing it and the process of

89:48

getting to the point where we press

89:50

go live and so we what i learned in the

89:53

last year of my business was we would

89:54

celebrate

89:55

the um conducting the experiment not the

89:57

outcome of the experiment

89:59

exactly right actually that is exactly

90:02

the same thing

90:02

and it's interesting that if you look at

90:04

r d you know um

90:05

have you had a six sigma yes yeah so so

90:08

one of the things i mean one of the big

90:09

massive i mean six sigma is a great

90:10

process

90:11

you know like lean manufacturing or um

90:14

uh

90:14

uh your toilet pro things of that kind

90:17

it's basically squeezing out variation

90:19

isn't it so if you imagine making a car

90:23

or you know manufacturing car all it

90:24

takes is one component in the engine to

90:26

be of the wrong size or specification

90:28

and the whole thing won't work

90:30

so six sigma is about delivering and

90:32

executing with no variation

90:35

but when you're innovating you need

90:37

variation you need to try new things

90:40

if you're trying to create a new

90:41

computer program a new website or

90:43

a new drug and you don't know which

90:45

combination of ingredients they're going

90:47

to create it you need to try lots of

90:48

combinations

90:49

if you penalize people for failure oh my

90:51

god and you're only

90:52

judging them on the outcome and it fails

90:55

and then they're like stigmatized they

90:57

will never try

90:58

you need you know that's where failed

91:00

fast car yeah you've nailed it that's

91:02

exactly the insight that i think is

91:04

is is important and i guess the last

91:07

thing i want to talk to you about is

91:08

leadership um and how to how one can

91:12

become

91:12

a better leader in whatever field of

91:16

life you're

91:16

you're in whether it's sports or whether

91:18

it's business like me

91:20

um what are the attributes of successful

91:22

leaders

91:25

well i i think um

91:29

i think it's a very difficult job

91:33

leadership yeah of course it's extremely

91:35

difficult i don't know if you'd agree

91:36

with this but i do think

91:37

even in a psychologically safe you know

91:40

where people can speak up

91:42

a leader still needs to make the

91:43

decision i think it it can often lead to

91:45

confusion over who's in charge if it's a

91:47

completely democratic organization oh

91:49

god

91:50

yeah you need leadership so i believe my

91:53

own view

91:54

based on evidence is that you need

91:55

social hierarchies in order for

91:57

organizations institutions and societies

91:59

to succeed

92:00

but you want those hierarchies to work

92:02

so leadership i don't think you can

92:03

outsource it

92:05

you need to make judgments you need to

92:07

take ownership of those judgments

92:09

but i think if i had to say one thing

92:11

okay i'll give you my

92:12

and this is based on knowing a lot of

92:14

like you know many many leaders in lots

92:16

of different contexts over a long period

92:18

of time i think the best leaders

92:21

have a hybrid approach to leadership

92:24

okay and what i mean by that

92:26

is when you're evaluating

92:30

what we should do next you need to be

92:33

humble

92:34

you need to encourage different ideas

92:37

and you need not to be threatened

92:39

when people dissent because that

92:41

encourages

92:42

people to speak up but when you've made

92:45

a decision

92:47

and you've found the destination and

92:49

you're going for it

92:50

i think you need to then have confidence

92:53

and you know you need to galvanize

92:54

that's where charisma comes to the fore

92:56

when you articulate the mission

92:58

because at that point having different

93:00

ideas you know you're already on the way

93:02

that can often be quite disrupt i mean

93:03

obviously you do need to change the

93:05

trajectory if

93:06

you know something but i think that and

93:08

funny enough in sport you see

93:10

so humility and evaluation confidence

93:12

and execution

93:13

it's the same in sport so

93:17

if you imagine you're a surgeon or or in

93:19

surgery if

93:20

if you're humble at the time you wield

93:22

the scalpel this might go wrong i don't

93:24

know everything you know

93:25

your hand's gonna be if you're tiger

93:26

woods on the 18th you want to be

93:28

absolutely confident when you take the

93:30

pup

93:30

execution but then if the surgeon says

93:33

i'm a genius i'm brilliant you know i'm

93:35

confident i don't need to learn they'll

93:37

never evaluate what happened and

93:38

therefore won't improve

93:40

i'll tell you what made me think i want

93:42

some ghosted david it's like a fixed

93:44

mindset right complacency creeps in and

93:46

you two say that again we're talking

93:48

about the surgeon that's

93:50

sure there right and it's the fixed

93:52

mindset analogy you made

93:53

right and then complacency creeps in

93:55

it's a disaster because what you want to

93:57

do after a

93:58

surgical procedure is review it

94:02

in a completely honest way so you can

94:04

find out things that you did wrong and

94:05

could improve

94:06

but if you have utter self-confidence i

94:08

don't need to improve that's exactly as

94:10

you say a fixed mindset response you

94:12

don't improve through time

94:13

beckham i ghosted his autobiography a

94:15

few years ago

94:16

and he told me about when he took the

94:18

free kick against greece

94:21

how old are you by the way 28 so you

94:23

won't even

94:24

you won't remember this i remember i

94:25

would never forget

94:27

two it was the world cup qualifiers and

94:30

he ran to the left corner i'll never

94:32

forget that's right

94:33

that's right so his extra time he needed

94:35

a score to get through

94:37

and teddy's sharing him trying to take

94:38

the ball and you see on the video

94:40

beckham snapped

94:42

and he said when i took that freak i was

94:44

a hundred percent i was going to make it

94:45

that's

94:46

a useful thing to have right but you

94:48

meet beckham

94:50

away on the training pitch the humility

94:53

i need to improve the way i take free

94:54

kicks i need to look at the things that

94:56

went wrong in the previous game i need

94:58

to

94:58

just see that so leaders need to be both

95:01

humble

95:01

and confident depending on where they

95:05

are on the performance side

95:06

when they're out there executing

95:08

confidence

95:09

when they're evaluating reviewing

95:13

humility i think most of the best

95:17

leaders have it

95:18

you know sachin adela at microsoft is a

95:20

great example of that

95:22

humble you know their market cap has

95:25

grown over a trillion dollars since he

95:27

took over

95:28

you know very humble person i've met him

95:30

a number of times great great person

95:32

but there is confidence when he's

95:33

galvanizing his team towards a decision

95:35

that

95:36

they've debated and discussed i think

95:39

that's so true i was just running

95:40

through all the great leaders that i

95:41

know

95:42

and those um those attributes seem to be

95:45

there

95:45

even you know a good example is sir alex

95:47

ferguson ria ferdinand sat in the chair

95:49

and he told me that sir alex ferguson is

95:51

obviously known for the hairdryer and

95:52

being

95:53

very clear on what he wants but then if

95:55

so ria went to sir alex ferguson after a

95:58

game

95:58

and said you know you didn't support my

96:01

brother

96:01

anton got racially abused and then rio

96:04

wore a shirt in protest of it

96:05

alex sir alex ferguson was really angry

96:08

rio went to him after

96:09

the game and had a chat with him and

96:10

alex alex admitted he was wrong

96:12

yeah and held his hands up and i somehow

96:16

managed to make it up to rio within a

96:17

couple of words

96:19

but you know that's that's right that's

96:21

exactly right that's

96:22

but it goes with with ferguson he always

96:25

hired

96:26

constantly you know assistant managers

96:28

who challenged his perspective

96:30

you know uh carlos quiroz

96:34

mike phelan mullenstein mclaren

96:38

he also would often do competitions

96:42

for his players to guess who would be in

96:43

the opposition team

96:45

he would go to other clubs and watch the

96:46

way they trained

96:48

ferguson came from from govan from a

96:50

very working-class background he never

96:52

lost his capacity to learn

96:54

never and he was always had a certain

96:57

level of humility but once they were out

96:59

there and performing

97:00

he was incredibly self-confident and i

97:03

don't think that's a contradiction

97:06

interesting it makes me kind of

97:08

reflecting then on

97:10

how important it is to be curious

97:11

throughout your life

97:13

even when new technology like social

97:15

media pops up and you

97:16

you're a little bit disoriented by it

97:18

and i see that in

97:20

really great successful leaders that i

97:22

know in my life business owners ceos

97:24

the ones that are the most curious um

97:27

tend to have the best long-term outcomes

97:29

and longevity

97:31

and i think it's hard to teach curiosity

97:34

um

97:34

i do i do wonder myself because

97:35

obviously i made my money off social

97:37

media

97:38

and even now i'm getting too old for

97:40

that are you still working in the

97:41

business no

97:42

i'm not working in the business anymore

97:43

now i've resigned at the end of last

97:45

year

97:46

so now i'm a free agent working on a new

97:48

business but in a similar industry

97:50

slightly different um much bigger

97:53

ambition um i guess and i'm working

97:55

across multiple industries so i'm like

97:57

working in a

97:58

psychedelics biotech firm that's about

98:00

to list for

98:01

you know several billion dollars i'm

98:03

working huel i'm on the board there and

98:05

work with that team i'm working in

98:08

a variety of different companies all

98:09

around the world that are in mental

98:10

health

98:11

consumer goods social media um

98:14

you know and i think i've done that as

98:16

well because i

98:18

as i talk about my book i want to like

98:19

resist my labels i want to stay curious

98:20

i want to stay

98:22

emerged in worlds that i don't know i'm

98:23

working on a blockchain company at the

98:24

moment

98:25

which is web 3.0 using ethereum and

98:28

smart contracts

98:29

and it's my i like being diverse in my

98:31

thinking because i actually think that's

98:32

where creativity comes from in a weird

98:33

way

98:35

and the one of the things that enables

98:36

me to have this podcast is i have a very

98:38

diverse view of the world and a

98:40

very diverse view of organizations and

98:41

people and that will make me good at

98:44

it sounds like a crazy thing to say like

98:46

we're putting on a theatrical show

98:48

in manchester sold out it's like this

98:50

it's called the diversio live there's a

98:52

big choir all this all these

98:53

really amazing things and when i look at

98:56

that show what it is it's a culmination

98:58

it's a very very different show but it's

98:59

a culmination of all these random

99:01

experiences i had in my life

99:02

going to the theater for the first time

99:04

listening to a choir watching kanye west

99:07

um a light show i saw and all of these

99:08

little things and so i think

99:10

you know i mean you you write about it

99:12

you talk about diversity of

99:14

ideas i'm going to send you a copy so my

99:17

latest book well a couple years ago now

99:18

was

99:19

called the power of rebel idea is a

99:21

power of diverse thinking i'm going to

99:22

send you a copy

99:23

i want to have a copy of your book i'm

99:25

going to read it i'm going to read it

99:26

this week

99:27

oh wow that's fast well how many words

99:30

is it is it very long

99:31

no no no no 17

99:34

000. 70. no no 55 000

99:39

yeah yeah okay it's interesting you'll

99:42

be particularly intrigued by i think by

99:43

the first couple of chapters which focus

99:45

on

99:46

social media the world we're living in

99:48

keeping up with kardashians generation

99:49

et cetera et cetera well i've got to say

99:51

uh you know i know we're coming to

99:52

another you are you're exceptionally

99:54

articulate

99:55

oh that's a huge compliment so i i kind

99:57

of you know

99:59

i uh i'm interested in that because

100:04

i think um you know i definitely didn't

100:06

have that when i was at school i

100:08

wasn't able really to put sentences

100:10

together you should do a podcast you

100:12

just have the most amazing voice

100:13

i've got to tell you my brother found an

100:15

old tape of me being interviewed as a 15

100:17

year old

100:18

[Music]

100:19

when i got selected for a national team

100:21

i just really start i think we

100:22

need more of that learning how to you

100:25

know communication is so important

100:26

getting our ideas across so that

100:28

somebody can understand

100:29

not just what we say but what we mean

100:32

yeah and i think that's a

100:33

i think that's a radically learnable

100:35

skill you know a lot of the top

100:38

speakers have practiced it youtube aside

100:41

it's one that's in

100:42

decline because of screens typing

100:45

well yeah that's true yeah yeah yeah you

100:47

have to talk to each other anymore yeah

100:49

zoom anyway listen thank you so much for

100:52

your time it's been such a pleasure to

100:54

to meet you you're you're i mean you're

100:56

an individual that's had such a

100:56

tremendous impact on

100:58

the thinking especially of people in the

101:00

professional but also self-development

101:02

world i remember reading your book

101:03

a long time ago on a plane bounce and

101:06

how intrigued i was by

101:07

um the emphasis you put on this growth

101:10

mindset and practice and

101:12

being teachable and your your your where

101:15

you are in life not being

101:17

set in stone if you're willing to put in

101:19

the work and practice and

101:20

um yeah i mean my team here are also

101:22

huge fans of yours matt over there's

101:24

read all your books

101:25

and he he'll read them in 24 hours this

101:27

is this guy's a monster

101:30

thank you

101:36

and good luck with it i'm going to

101:37

follow you with huge interest

101:40

from from now on and uh you're about to

101:42

hit the main stream aren't you

101:43

dragonstone hasn't been brought

101:47

yeah good luck thank you

102:02

[Music]

102:11

foreign

Interactive Summary

This conversation features Matthew Syed discussing the importance of a growth mindset, cognitive diversity, and psychological safety in both professional and personal development. He emphasizes that success should not be defined by talent or fame, but by the pursuit of worthwhile challenges and the continuous improvement of one's potential. Syed and Bartlett explore the dangers of echo chambers, the necessity of failure in the innovation process, and why proactive, iterative action is essential for personal growth and leadership.

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