“Winning Taught Me Nothing. Losing Changed Everything.”
140 segments
I never learned anything from wins.
>> I learned nothing from wins because when
you win, you're like, "Yeah, wicked. Let
me go have a drink. I'm killing it." It
was the losses that hit you the hardest.
Just like the breakups hit you the
hardest. You learn the most when you're
down and out.
>> And people are scared of being down and
out these days. Like, who cares? You
have nothing to lose. Especially if
you're a young guy. There's a lot of
young guys that listen to me on my
YouTube channel. If you're a young guy,
you got no money. You got nothing to
lose, bro. Just try. post up some random
on Tik Tok. Just keep documenting
your journey. Just keep trying. Now,
maybe when you get to to my point, I'm
not a spring chicken anymore. I'm not
like a kid. So, I'm not just going to be
dancing on TikTok,
>> you know? Like, I need to be a
[laughter] little bit more targeted with
my ways. But it was definitely the
losses, bro. The losses.
>> And if we want to talk about losses,
like this guy knows quite a lot about
losing a very large sum of
>> very large some, but also, as you were
saying, heartbreak, too. honestly have
been through it down. I lost, you know,
you guys. You know, I I I like
I got to a point where I honestly
thought, you know, I couldn't do this
again. But honestly, you know, getting
back to the gym, going out uh with
successful people and just, you know,
saying I can get back to where I was.
That's how it kind of got me to, you
know, to the point where like, okay, I
don't give a I'll keep on doing
what I'm doing and the right people will
come around in my life. And if not,
>> all right, whatever. But but let's let
me ask you one question, Ralph. So, you
know, I'm 27. Uh Kendall's 25. And you
know, even though you look like you're
30, you're 37, right?
>> 37. Yeah.
>> At a you know, we could take as much
risk as possible. Like I tell people
like I could lose it all right now and
still build. I have enough time, right?
And a lot of people are like, "Oh, no. I
I can only take a 5% risk." But like
when you're young, you should literally
take as much risk as possible because
when you're 30, 40, 50, you can't take
that same risk. You might have family,
you might have kids, but this is like
the perfect time to find out like what
are you made of? You know, you're you're
building that legacy. Like for me, why I
work so hard when I have a future
family, kids, and a wife, I'm going to
make sure, you know, they have a good
balance to grow through. And of course,
I'm going to be strict, but I want to
them have a good life as well.
>> What about you? Would you say you
learned from your losses or your wins?
What?
>> Oh, I I felt God's presence there on
that one, Anish. I got to take way more
risk, man. Got to be way more risk. Do I
learn from the answer to your question
though? Oh my gosh, I'm so stubborn.
[laughter]
I remember growing up like my
kindergarten teacher would tell me, "Oh,
right this way." No, no, no, no, no. I
sort of hit it with a pause. But man, I
think learning Charlie Munger said this
quote. I've been listening to the
founders podcast, which is why I'm so
excited for us to keep making content
and stuff like this. Charlie Mer,
>> he's him and um I think his I forget the
name of the founder of Nvidia's first
name. named something Jensen.
>> But they basically say, yeah, he's like,
don't learn like don't celebrate your
last wins or celebrate past wins. For
me, like if I look at my resume, like
>> first seven figures at 20. What did I
learn from that? That actually ended up
turning into a L because I didn't know
how to steward 1.2 million in 8 months
in cash flow, which is like, okay, like
I made the money, but like what happens
after you make the money? A lot of
people when they make first seven
figures, they lose it. So I think being
able to learn from pain and lessons and
like making sure you don't turn repeat
mistakes, being able to like not repeat
mistakes is one of the best skills for
any human being, especially with
breakups, too. Oh my gosh,
>> it's the best. Heartbreak really
discovers who you are. You know, it
makes you like, what did I lack? Because
like the thing is comfort, right? When
you're too comfortable, you kind of lose
sight of your goals, right? Would you
say that for yourself for both of you
guys? Oh my gosh. Yes. And also I think
God there's a proverb where I love
Proverbs. It says don't give your
strength to woman. So what does that
mean? First of all, like I'm not a woman
hater. I love women by any means. But
like what did I take away from that as a
young man? It's like when you are in a
relationship with someone, you care so
much. You love so much. You're putting
all this energy and emotional energy to
it. When breakups end, you realize like
there's just that void which is the
space that you created for that woman.
>> Like you get to give that to yourself.
>> Yeah. And like I feel like a lot of men
don't give themselves credit. Like yo,
like you're the bro. Like
>> give yourself credit. Like pour into
yourself. And like that also like pain,
losses, breakups, whatever setback you
have in life, that's really what shows
who you are. Definitely.
Ask follow-up questions or revisit key timestamps.
The speakers discuss why failure and heartbreak are better teachers than success, noting that wins often lead to complacency while losses build character. They emphasize that young people should take maximum risks because they have less to lose, and share personal experiences about financial losses and the importance of redirecting energy back into oneself after a breakup.
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