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Don't Half-Ass Your Dreams — Bill Gurley

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Don't Half-Ass Your Dreams — Bill Gurley

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234 segments

0:00

Let's talk about this is going to be a

0:02

segue to talking about running down a

0:05

dream and all things involved with that.

0:08

Maybe we could start with an anecdote

0:11

from a fellow Austin night. Likes to

0:13

play the bongos, long hair, associated

0:16

with smoke and reaper every once in a

0:18

while.

0:20

Matthew talking about a short anecdote

0:23

about Matthew before we started

0:25

recording. Would you mind sharing that?

0:27

As I was kind of wrapping up the book, I

0:30

started listening to Green Lights and I

0:32

was told you had to listen to it because

0:34

of course he reads it. So you get all

0:35

the great Mccah affections as you read

0:38

it. But there's a story in it that just

0:41

popped in my brain and kind of

0:43

summarized exactly what I'm trying to

0:46

accomplish with this book, Running Down

0:48

a Dream. And he had spent the vast

0:52

majority of his young adult life. So

0:55

this anecdotes from when he was like 20,

0:58

21, telling his family he was going to

1:00

be a lawyer. And so he'd gotten into the

1:03

University of Texas. He was pre-law.

1:05

Every time he went home, he talked

1:07

about, "Yeah, I'm going to be a lawyer."

1:09

And he had met some people at Texas that

1:13

had convinced him that he should switch

1:16

to film school. And he had immense

1:19

anxiety about sharing this with his

1:21

father. his father, this is all in the

1:24

book, but his father's a very tough

1:26

individual. And so, reason to be

1:28

fearful, you know, when you're going to

1:31

drop some news, no longer going to be a

1:33

lawyer. I'm going to go to film school.

1:36

And he builds it up a lot in the book.

1:38

Like, I didn't know when I was going to

1:40

talk to him. Like, you can imagine being

1:41

in that situation. You're delaying,

1:43

delaying, delaying. But he finally tells

1:45

his dad. And his dad utters this very

1:48

simple phrase, "Well, don't halfass it."

1:51

And he says, you know, of all the

1:53

reactions he could have had, don't

1:55

halfass it were the last words I

1:56

expected to hear and the best words he

1:59

could have ever said to me. And he said

2:01

in that single moment, he gave him

2:02

blessing, consent, approval, validation,

2:05

privilege, honor, freedom, and

2:07

responsibility. Called it rocket fuel.

2:10

And I'd like to believe there are a

2:12

number of people out there, young

2:15

adults, maybe even some mid midlife

2:18

career, who have this notion that they

2:22

should be doing something else, but

2:23

society has put them on a path or just

2:27

the way they metriculated through

2:30

college put them into a career that they

2:33

just don't love and that they have this

2:35

inkling that they could go do this

2:37

thing. Or maybe you're a young kid and

2:39

you really want to do X, but everybody

2:42

else is telling you to do A, B, and C.

2:44

Like, I want to help them have the

2:47

confidence and permission to go do X, to

2:50

go chase this dream.

2:52

>> And as you hinted at from our last call,

2:56

I think the amount of your ability to

2:59

make connections and to gather

3:01

information and learn on your own pace

3:05

has never been better. You can literally

3:08

just sit there and talk to Chad GPT six

3:12

hours a day if you so choose and learn

3:15

so much about any particular field. And

3:19

so like your ability to take things into

3:23

your own hands and to go try and be

3:26

successful in this thing that you feel

3:28

passionate about I think has never been

3:30

better. Why do you think when you

3:33

initially gave and subsequently had to

3:36

go online run down a dream as a

3:39

presentation, why do you think that took

3:42

why did it strike a chord in the way

3:44

that it did? What do you think it was? I

3:46

think we've built a society like

3:49

nobody's fault like we just have built a

3:51

society where we love to celebrate

3:54

people that are successful in a lot of

3:57

different fields but when it comes to

3:59

our own children we tend to think way

4:04

more pragmatically about what they

4:06

should be doing. you know, lawyers,

4:09

consultants,

4:11

doctors, computer scientists, like it's

4:13

all these jobs that have certainty to

4:16

the financial component. And I think

4:19

that's like so well intended. Like I

4:22

don't think there's mal intent of anyone

4:25

in the system. And I'm a parent of

4:27

three. Like I've been through this. You

4:28

just feel this obligation to try and

4:31

push them towards prosperity. But it's

4:34

not intellectual prosperity. It's not

4:37

happiness. It's it's financial

4:39

stability.

4:40

>> Yes. That most people are guiding

4:42

children towards. This isn't that

4:44

complicated a math, but most people end

4:46

up working 80,000 hours in their life.

4:49

It's a third of your life. Why do

4:52

something you don't like? There's Gallup

4:54

poll data on career engagement and 59%

4:58

of people say they're not engaged at

5:00

work. And this is that whole quiet

5:02

quitting thing that we hear so much

5:04

about. And some of these numbers are at

5:06

an all-time low. It just seems horrific

5:08

that people are kind of sauntering

5:11

through life.

5:12

>> What are some of the keys to

5:15

taking the path less traveled than in

5:18

this case, right? There are few I

5:20

highlighted for myself, but where should

5:22

we start? I highlighted one for myself.

5:24

We don't have to start here, but go

5:26

where the action is. I just think this

5:27

is so underrated

5:31

and people it further undervalue it

5:33

maybe in a digital world but we can

5:36

start anywhere you want. That's just one

5:38

that really jumped out to me because I

5:40

think it's really underrated. But where

5:43

would you like to start

5:44

>> in the book? One of the things that we

5:45

tie together very early on is the

5:49

interplay between

5:51

passion or fascination or curiosity and

5:54

learning. And the way to be most

5:57

successful in any endeavor, but

5:59

certainly if you're going to go tilt it,

6:02

something that's less pragmatic

6:05

>> is to be the smartest, most

6:07

knowledgeable person you can possibly

6:08

be. And knowledge is free now, as we've

6:11

talked about. And I have this test for

6:14

whether or not you're actually

6:17

truly passionate about what you're

6:19

trying to do, which is do you self-learn

6:22

on your own time? like would you not

6:25

watch Breaking Bad and read about this

6:28

field and be energized by that activity?

6:32

>> Mhm.

6:33

>> If you are and you know we have 20 30

6:37

different stories in the book of people

6:39

that have been successful almost all of

6:40

them check that box.

6:42

>> You just have this amazing ability to

6:46

gain knowledge so much faster than

6:48

everyone else you would be competing

6:50

with.

6:50

>> Mh.

6:51

>> And that's going to be useful. that's

6:53

unquestionably gonna be useful.

6:54

>> It makes me think of an interview I saw

6:56

a long time ago actually. It was quite a

6:58

few years ago, but it was an interview

7:00

with Joe Rogan and he said something

7:03

that surprised me. It might surprise a

7:05

lot of people, which was along the lines

7:08

of he's not good at it was either

7:11

willpower or discipline, which is he's

7:13

in great shape. Obviously, he's black

7:15

belt in jiu-jitsu. He's done what he's

7:17

done with the podcast. He's the

7:19

undisputed king of podcasting, etc.,

7:22

etc. And he said, "I'm not actually good

7:24

at whether it was discipline or

7:26

willpower, but I am good at obsession.

7:28

It's all on or all off." And I've seen

7:32

that. I'm sure you've seen this in a lot

7:35

of the entrepreneurs who actually make

7:36

it to the other side and create these

7:38

mega successes. They are just obsessed.

7:42

And that gives them a huge not just

7:45

knowledge advantage, but endurance

7:46

advantage. You just go down the check

7:50

boxes. It's all advantages.

7:51

>> I had the opportunity to talk to Angela

7:53

Duckworth when I was working on this and

7:56

her book Grit talks about two

7:58

components, passion and perseverance.

8:00

And I heard a podcast she had done

8:02

recently where she said if she could go

8:04

back,

8:05

>> she would put far more weight on the

8:06

passion than the perseverance because

8:09

she says we've taught our children to

8:11

grind. Mhm.

8:12

>> And so once again, starting in sixth

8:14

grade, they're told to learn the flute

8:16

and take lacrosse and do all this stuff

8:19

and crush the SATs and take the extra

8:23

credit classes and all this and they all

8:25

do it and then they go to college and

8:27

how you doing? They take six hours of

8:28

class instead of four and they're just

8:30

going. But eventually, she says, if you

8:33

don't have that passion, you just burn

8:36

out. And so you're right about the

8:37

energy part. I think it's both knowledge

8:39

and you've put in more cycles.

8:42

>> Yeah. It makes me think of maybe this is

8:45

cliched in Silicon Valley because it

8:47

gets so oft repeated, but a lot of folks

8:49

listening will not have heard it, which

8:51

is if you're looking for the next sort

8:53

of technological breakthrough or

8:55

something on the edge, look for what the

8:57

nerds are doing on the weekends, right?

8:59

It's not just a great way to find what

9:02

might be coming around the corner in a

9:04

few years. It's a great way to find the

9:06

people to bet on who are already using

9:08

their excess their free time to work on

9:11

these things. I think of Pettis and 3D

9:14

printing. I mean, I can just go down the

9:15

list.

9:15

>> And by the way, that's another advantage

9:17

of going to the epicenter is there's

9:19

more people doing that all the time.

Interactive Summary

This video discusses the importance of pursuing dreams and passions, especially when societal or familial expectations push individuals towards more pragmatic, financially stable careers. It highlights the story of Matthew McConaughey's transition to film school, where his father's simple advice, "Don't half-ass it," provided the crucial validation needed to pursue his dream. The video emphasizes that in today's world, acquiring knowledge and learning are more accessible than ever, empowering individuals to chase their passions. It contrasts this with the reality of many people spending a significant portion of their lives in unfulfilling jobs, as evidenced by low career engagement statistics. The discussion then delves into the keys to pursuing less conventional paths, stressing the importance of passion, self-directed learning, and obsession over mere willpower or perseverance. The concept of "nerds working on the weekends" is introduced as a way to identify emerging trends and passionate individuals. Ultimately, the video advocates for self-discovery and encourages listeners to find joy and fulfillment in their chosen pursuits, rather than adhering strictly to societal norms.

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