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“Winning Taught Me Nothing. Losing Changed Everything.”

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“Winning Taught Me Nothing. Losing Changed Everything.”

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140 segments

0:00

I never learned anything from wins.

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>> I learned nothing from wins because when

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you win, you're like, "Yeah, wicked. Let

0:05

me go have a drink. I'm killing it." It

0:07

was the losses that hit you the hardest.

0:08

Just like the breakups hit you the

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hardest. You learn the most when you're

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down and out.

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>> And people are scared of being down and

0:16

out these days. Like, who cares? You

0:18

have nothing to lose. Especially if

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you're a young guy. There's a lot of

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young guys that listen to me on my

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YouTube channel. If you're a young guy,

0:25

you got no money. You got nothing to

0:27

lose, bro. Just try. post up some random

0:30

on Tik Tok. Just keep documenting

0:33

your journey. Just keep trying. Now,

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maybe when you get to to my point, I'm

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not a spring chicken anymore. I'm not

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like a kid. So, I'm not just going to be

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dancing on TikTok,

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>> you know? Like, I need to be a

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[laughter] little bit more targeted with

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my ways. But it was definitely the

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losses, bro. The losses.

0:48

>> And if we want to talk about losses,

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like this guy knows quite a lot about

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losing a very large sum of

0:53

>> very large some, but also, as you were

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saying, heartbreak, too. honestly have

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been through it down. I lost, you know,

1:00

you guys. You know, I I I like

1:03

I got to a point where I honestly

1:06

thought, you know, I couldn't do this

1:08

again. But honestly, you know, getting

1:09

back to the gym, going out uh with

1:12

successful people and just, you know,

1:13

saying I can get back to where I was.

1:15

That's how it kind of got me to, you

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know, to the point where like, okay, I

1:19

don't give a I'll keep on doing

1:21

what I'm doing and the right people will

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come around in my life. And if not,

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>> all right, whatever. But but let's let

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me ask you one question, Ralph. So, you

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know, I'm 27. Uh Kendall's 25. And you

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know, even though you look like you're

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30, you're 37, right?

1:33

>> 37. Yeah.

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>> At a you know, we could take as much

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risk as possible. Like I tell people

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like I could lose it all right now and

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still build. I have enough time, right?

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And a lot of people are like, "Oh, no. I

1:44

I can only take a 5% risk." But like

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when you're young, you should literally

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take as much risk as possible because

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when you're 30, 40, 50, you can't take

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that same risk. You might have family,

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you might have kids, but this is like

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the perfect time to find out like what

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are you made of? You know, you're you're

2:01

building that legacy. Like for me, why I

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work so hard when I have a future

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family, kids, and a wife, I'm going to

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make sure, you know, they have a good

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balance to grow through. And of course,

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I'm going to be strict, but I want to

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them have a good life as well.

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>> What about you? Would you say you

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learned from your losses or your wins?

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What?

2:16

>> Oh, I I felt God's presence there on

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that one, Anish. I got to take way more

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risk, man. Got to be way more risk. Do I

2:23

learn from the answer to your question

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though? Oh my gosh, I'm so stubborn.

2:26

[laughter]

2:28

I remember growing up like my

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kindergarten teacher would tell me, "Oh,

2:31

right this way." No, no, no, no, no. I

2:33

sort of hit it with a pause. But man, I

2:36

think learning Charlie Munger said this

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quote. I've been listening to the

2:39

founders podcast, which is why I'm so

2:40

excited for us to keep making content

2:42

and stuff like this. Charlie Mer,

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>> he's him and um I think his I forget the

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name of the founder of Nvidia's first

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name. named something Jensen.

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>> But they basically say, yeah, he's like,

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don't learn like don't celebrate your

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last wins or celebrate past wins. For

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me, like if I look at my resume, like

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>> first seven figures at 20. What did I

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learn from that? That actually ended up

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turning into a L because I didn't know

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how to steward 1.2 million in 8 months

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in cash flow, which is like, okay, like

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I made the money, but like what happens

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after you make the money? A lot of

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people when they make first seven

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figures, they lose it. So I think being

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able to learn from pain and lessons and

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like making sure you don't turn repeat

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mistakes, being able to like not repeat

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mistakes is one of the best skills for

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any human being, especially with

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breakups, too. Oh my gosh,

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>> it's the best. Heartbreak really

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discovers who you are. You know, it

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makes you like, what did I lack? Because

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like the thing is comfort, right? When

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you're too comfortable, you kind of lose

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sight of your goals, right? Would you

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say that for yourself for both of you

3:42

guys? Oh my gosh. Yes. And also I think

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God there's a proverb where I love

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Proverbs. It says don't give your

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strength to woman. So what does that

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mean? First of all, like I'm not a woman

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hater. I love women by any means. But

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like what did I take away from that as a

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young man? It's like when you are in a

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relationship with someone, you care so

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much. You love so much. You're putting

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all this energy and emotional energy to

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it. When breakups end, you realize like

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there's just that void which is the

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space that you created for that woman.

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>> Like you get to give that to yourself.

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>> Yeah. And like I feel like a lot of men

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don't give themselves credit. Like yo,

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like you're the bro. Like

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>> give yourself credit. Like pour into

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yourself. And like that also like pain,

4:18

losses, breakups, whatever setback you

4:20

have in life, that's really what shows

4:21

who you are. Definitely.

Interactive Summary

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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