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Andrew Wilkinson29 July 2024

How To Stop Feeling Like Your Success Is Never Enough - Andrew Wilkinson - #818

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19Insights

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Frameworks in this episode

Insights & moments

The myth-busts, hot takes, explainers, and tools worth keeping.

Myth Buster· 1

Myth Buster01:30

Moving to Bali won't fix you because your brain comes with you

Wilkinson debunks the geographic-escape fantasy: leaving it all behind for Bali fails because an anxious brain travels with you. For him the fix was partly chemical, an SSRI that made the anxious voice quieter and more distant, on top of meditation, exercise, and a healthy relationship.

  • Location changes don't fix an internally anxious mind
  • Meditation, exercise, and relationships form the groundwork but weren't enough alone
  • For him the anxiety was, to some degree, a chemical problem
  • An SSRI made the anxious voice quieter about a week in

the problem with moving to Bali is that your brain comes with you and your brain is anxious if you're programmed in the way that…

Andrew Wilkinson · 02:00
#anxiety#geographic-escape#ssri#mental-health

Hot Take· 4

Hot Take00:00

Most successful people are a walking anxiety disorder harnessed for productivity

Wilkinson opens with his signature line: the drive that makes a great entrepreneur is often anxiety and hypervigilance pointed at productivity. He describes waking up needing to achieve or feeling worthless, his brain running five steps ahead to prevent everything that could go wrong. It makes him effective but miserable.

  • The trait that fuels achievement is the same one that causes suffering
  • His brain is always scanning for problems to prevent
  • Being good at entrepreneurship and being happy can be in tension
  • The skill is knowing when to sprint and when to rest, like an elite athlete

I basically feel like if I don't achieve I'm a piece of [ __ ] ... my brain is five steps ahead of all the…

Andrew Wilkinson · 00:30
#anxiety#entrepreneurship#productivity#mental-health
Hot Take13:00

You can't win the lottery with someone else's numbers

Wilkinson says most of his bad choices came from taking other people's advice, because their cheat codes belong to a different era and competitive landscape. People over-index on what worked for others; instead life should be about making as many small errors as possible and learning, since people only change after hitting rock bottom.

  • Advice is time- and industry-specific; copying it is playing the lottery with used numbers
  • Most of his worst decisions came from following others' advice
  • Aim to make many small errors and learn, rather than copy cheat codes
  • People don't change until they hit rock bottom and experience the lesson themselves
  • Like letting kids get a splinter so they avoid a mortal wound later

if you were to play the lottery with the same numbers someone else used it's not going to work

Andrew Wilkinson · 14:00
#advice#decision-making#learning#experience
Hot Take49:00

The total addressable market for sympathy (and advice) is basically zero

Williamson and Wilkinson note that when successful people voice suffering, the response is 'must be nice', because almost everyone has less money and fame and sympathy flows downward. There's unlimited content on becoming rich or famous and almost none on being rich or famous, so there's nobody to learn from once you get there.

  • Sympathy flows to those with less, so the wealthy get 'must be nice' responses
  • Endless content exists on how to become rich or famous, almost none on how to be
  • The pool of people who can advise you at the top is basically zero
  • Williamson prefers a 'must be interesting' framing over 'must be nice'

the total addressable market for sympathy is basically zero also the total addressable market for advice is basically zero

Chris Williamson · 49:00
#fame#wealth#sympathy#advice
Hot Take68:30

Capitalism is a machine that turns crazy, greedy people into benefit for all

Wilkinson frames capitalism as alchemy: it takes damaged, greedy, sometimes dark-triad people and converts their pathology into innovation everyone enjoys. He notes the same people who hate Bezos and Musk drive Teslas and love Amazon Prime, missing that the 'crazy' founders created the things they appreciate.

  • Capitalism channels greed and pathology into widespread benefit
  • Many billionaires have traumatic childhoods, like Bezos's father walking out
  • Critics of Bezos and Musk still use Amazon Prime and drive Teslas
  • Even narcissists and psychopaths may serve a function by doing what others won't
  • Successful people cluster into anxious planners, narcissists, or psychopaths

capitalism is a machine that takes crazy people and greed and builds benefit for all of us

Andrew Wilkinson · 68:30
#capitalism#psychology#innovation#billionaires

Explainer· 6

Explainer07:30

Chips on shoulders put chips in pockets: trauma as the engine of success

Wilkinson argues the ultra-successful are usually driven by some complex inner wound, quoting investor Josh Wolfe. He distinguishes uppercase-T and lowercase-t trauma, cites Elon Musk's abusive father, and says he's never met worldly success paired with genuine inner balance, only people good at appearing balanced.

  • Josh Wolfe: 'chips on shoulders put chips in pockets'
  • People chase greatness to prove something to the world
  • Distinction between uppercase-T and lowercase-t trauma
  • Truly balanced, non-anxious high achievers are rare, and their kids might disagree they exist
  • Who but a complex person spends life launching rockets or delivering packages faster?

chips on shoulders put chips in Pockets right so often people who have a chip on their shoulder go to achieve great things

Andrew Wilkinson · 08:00
#trauma#motivation#success#psychology
Explainer09:30

Grandiosity vs grandiose humility: signal or counter-signal, pick a direction

Wilkinson observes rich people split into two camps: the grandiose with $500M yachts and Oscar parties, and the counter-signalers in Casio watches living modestly in Omaha. But even the humble ones make sure everyone notices their humility, so your only real options are to signal or counter-signal.

  • Grandiosity: yachts, ten houses, million-dollar art, Oscar parties
  • Grandiose humility: Casio watch, modest house, Buffett-style frugality
  • Even counter-signalers want to be seen being humble
  • You can only be extreme, signal, or counter-signal

you really only have two options you can either be extreme or you can be signal or counter signal

Andrew Wilkinson · 10:00
#wealth#status#signaling#psychology
Explainer32:00

Jiro vs Chipotle: are you a craftsman or a machine-builder?

Wilkinson contrasts Jiro Ono, the obsessive sushi master who won't let anyone else cook the rice, with Steve Ells of Chipotle, who built and scaled a machine to thousands of locations. The trap of entrepreneurship is starting by doing the thing you love, then delegating until you end up somewhere, like spreadsheets and board meetings, you never intended.

  • Jiro is a craftsman: he does the thing he loves at world-class level
  • Steve Ells built a machine; his life is spreadsheets and management
  • Delegating means you stop doing the thing you originally loved
  • Be careful what you wish for: you can scale into a life you didn't want
  • Know whether variety or singular focus fits your temperament

when you start delegating you stop doing the thing you love and sometimes you can end up somewhere that you didn't necessarily expect to end…

Andrew Wilkinson · 33:30
#craftsmanship#delegation#entrepreneurship#temperament
Explainer37:30

Never enough: why $500k wants $1M and $20B still strives

Wilkinson's core thesis: ask anyone if they have enough money and the person with $500k wants a million, the one with $10M wants $20M, and even people worth $20B are still striving. He recounts a $2B billionaire envying Bezos's bigger yacht, realizing human nature is comparison and everyone can end up the poorest person in their room.

  • At every wealth level people want roughly double what they have
  • Even multi-billionaires keep striving and comparing upward
  • A $2B billionaire felt hard done by that he couldn't buy Bezos's yacht
  • Human nature is comparison, so you can always be the poorest in the room
  • In the Hamptons, being a billionaire is run-of-the-mill

people with $500,000 always said well I'd like a million and then you'd see people with 10 million they'd say I want 20

Andrew Wilkinson · 38:00
#hedonic-treadmill#wealth#comparison#enough
Explainer42:30

The burden of wealth: money magnifies misery and perverts relationships

Wilkinson argues money doesn't fix you, it magnifies misery. A good person with money feels responsible for world problems they believe they could solve; the money itself becomes a thing to manage and defend; and it perverts relationships and families, with second-order consequences like heirs feuding over inherited vacation homes.

  • A wealthy philanthropist was devastated by a school shooting he'd spent years trying to prevent
  • Wealth is a burden to manage, and people constantly try to extract it
  • It perverts relationships: pay the bill and you're showing off, don't and you're a jerk
  • Philanthropy is a catch-22: talk about it and you're a douche, don't and you're criticized
  • Inherited assets sow future family strife, like grandkids feuding over a lake house

the money doesn't actually do anything in fact it magnifies the misery in many ways

Andrew Wilkinson · 42:30
#wealth#burden#relationships#inheritance
Explainer81:30

You're the rider on the elephant: you can't change people, only align them

Wilkinson says the path to misery is trying to change the people around you. Working with someone, you're a rider on an elephant, able to lay down peanuts but not to redirect where it wants to go. Directly challenging people makes them double down, so he lets them try, fail, and learn the lesson on his watch.

  • Trying to change people around you is the path to misery
  • You're a rider on an elephant: nudge with peanuts, but it goes where it wants
  • Challenging someone directly makes them double down on their belief
  • He lets a determined leader try, fail, and learn rather than saying 'I told you so'
  • People rarely blame themselves even after failure, building charitable self-narratives

you are ultimately the rider on an elephant the elephant is really big and it's going to go wherever the hell it wants

Andrew Wilkinson · 82:00
#change#management#psychology#leadership

Story· 3

Story03:30

How 23andMe data helped Wilkinson find an SSRI that worked

Terrified by Reddit's five-star and one-star extremes, Wilkinson let an SSRI sit on his nightstand for a year. He then learned many people who react badly are hyper-metabolizers, which his 23andMe data confirmed, and switched to a newer-class drug (vortioxetine) he could metabolize, with strong results and only mild nausea.

  • Reddit only shows extremes: 'this is amazing' or 'this ruined my life'
  • A genetic polymorphism means some people metabolize drugs very differently
  • 23andMe data can reveal whether you're a hyper-metabolizer
  • A different drug class (vortioxetine/Trintellix) worked where standard ones might not have
  • There's a fading stigma around admitting anxiety and taking daily medication

if you look at your 23 and me data you can actually see if you are hyper metabolizer or not and I realized I was…

Andrew Wilkinson · 04:30
#ssri#genetics#23andme#anxiety#medication
Story73:30

Derek Sivers burned the boats: how to go post-economic

Wilkinson admires Derek Sivers, who sold CD Baby for $20M, put it all in a trust paying him 5% a year that he can never access, and declared himself post-economic. Sivers refused to play the same game again, choosing to write, tinker, and prioritize relationships instead of chasing gold a second time.

  • Sivers locked his sale proceeds in an untouchable trust paying ~5% annually
  • Removing access to the principal removed the burden of the money
  • He deliberately 'burned the boats' and declared himself post-economic
  • Winning gold once means you don't need to prove you can win it again
  • The people Wilkinson most admires prioritize relationships over net worth

I put it in a trust and the trust pays me 5% a year but I can't access it so I don't have the burden…

Andrew Wilkinson · 73:30
#derek-sivers#post-economic#wealth#trust
Story85:30

Losing $10M on Flow: fish where the fish are, and drain the barrel first

Wilkinson recounts building project-management software Flow before Asana, then getting outgunned when a Facebook cofounder raised $100M. Pigheaded, he lost $10M of his own money. The lesson from Munger: jump one-foot hurdles, drain the barrel before shooting the fish, and find the small pond with great fish and few fishermen.

  • Flow was essentially Asana before Asana, self-funded with ~$2M
  • A well-funded competitor with $100M outgunned them within two years
  • Pigheaded conviction cost Wilkinson $10M of his own money
  • Munger: shoot fish in a barrel by draining the barrel first, seek high-certainty bets
  • Fish where the fish are, but in ponds with few other fishermen

my idea of shooting fish in a Barrel is draining the barrel first ... finding businesses that are high certainty

Andrew Wilkinson · 87:30
#failure#competition#munger#strategy

Tool· 1

Tool34:30

Felix Dennis's How to Get Rich: you don't want the thing you crave

Wilkinson names Felix Dennis's How to Get Rich as one of his most impactful books despite its douchey cover. Dennis, a self-made publishing mogul, opens by admitting he's old and miserable and wishes he'd become a poet at 35 when he had enough money. The lesson: most people don't want to be billionaires, they want $500k to $1M a year.

  • Most valuable reading for Wilkinson was psychology, not business
  • Robert Cialdini's Influence taught him how human misjudgment is wielded in sales
  • Michael Gerber's The E-Myth captured his operator pain exactly
  • Felix Dennis admits wealth didn't deliver and he'd rather have been a poet
  • People think they want to be rich but really want ~$500k to $1M a year

you don't necessarily want the thing you crave ... most people think they want to get rich when really they just want to make 500…

Andrew Wilkinson · 36:00
#books#wealth#reading#inversion

Takeaway· 4

Takeaway20:30

The higher-ROI question: how do you make a happy person miserable?

Both agree people can't reliably say what makes someone happy, but can easily say how to make a happy person miserable. Williamson applies this to his favorite interview question, 'what do most people get wrong about X?', arguing that mapping the holes to avoid expedites success faster than chasing success directly.

  • 'What makes people happy?' is vague; 'how would you make them miserable?' is reliable
  • 'What do most people get wrong about X?' is a high-ROI question
  • Avoiding the pitfalls expedites success faster than chasing it
  • The same inversion applies to happiness and to business

if you were to say how would you make a happy person miserable that's pretty reliable that's very very easy

Chris Williamson · 20:30
#inversion#questions#happiness#decision-making
Takeaway49:30

The optimal amount of fame is rich and anonymous

Wilkinson relays Morgan Housel and a Bill Murray quote: what you really want is to be rich and anonymous, and if you think you want fame, try being rich first. He recounts a stalker in his backyard and Jennifer Lawrence's 'princess to 99, but forever remembered as a bitch to one', concluding niche fame like a film director's is ideal.

  • Morgan Housel: what you really want is to be rich and anonymous
  • Bill Murray: try being rich first and see if it covers the desire for fame
  • Wilkinson had a stalker appear in his secluded backyard and at his gate
  • Jennifer Lawrence: a princess to 99 people, remembered as a jerk by the one
  • The Coen-brothers model, admired at conferences but anonymous on the street, is optimal

what you really want is to be rich and Anonymous there's a great Bill Murray quote where he says something like if you think you…

Andrew Wilkinson · 50:00
#fame#anonymity#wealth#privacy
Takeaway75:30

The only way to win the game is to stop moving the goalposts

Williamson quotes Morgan Housel that the only way to win is to stop moving the goalposts, but almost nobody stops, always wanting a slightly bigger house or a second car. Wilkinson suggests people should decide the annual income number they actually want and work backwards, since most would aim far lower and be happier.

  • Morgan Housel: the only way to win the game is to stop moving the goalposts
  • People hit a target and immediately want slightly more
  • Few people ever define the income number that would be enough
  • Working backwards from a target income leads to lower aims and happier lives
  • You adapt to silly cars and chartered yachts, so they end up empty

the only way to win the game is to stop moving the goal posts

Chris Williamson · 75:30
#enough#goals#hedonic-treadmill#income
Takeaway99:00

Pain plus reading equals success: why lessons must be felt

Wilkinson says reading is his number-one recommendation for entrepreneurs, but knowledge only lands when paired with pain. He read The E-Myth while in acute operator pain and it hit home; without the motivation of pain, people can't absorb others' lessons, like a kid who won't learn guitar until he hears Led Zeppelin.

  • Reading is Wilkinson's top recommendation for entrepreneurs
  • Knowledge without pain doesn't stick: pain plus reading equals success
  • He read The E-Myth at his moment of maximum operator overwhelm
  • Motivation comes from pain or passion, like a kid inspired by School of Rock
  • Teaching math without showing why it's useful mirrors the same failure

pain plus reading equals success right you need the pain

Andrew Wilkinson · 99:30
#reading#learning#pain#motivation