Ed Latimore on Hard Work

Ed Latimore on Don’t Get Outworked By A Crackhead | The Pomp Podcast #1086 with Anthony Pompliano

Check out the Pomp Podcast’s Episode Page and Show Notes

Key Takeaways

  • A balanced life has its advantages, but you can’t get exceptionality if you prioritize balance above all else
  • Crackheads that get clean often replace their addiction to crack with something else; channeling their addictive personality towards something productive is life-changing 
  • Most people choose the more comfortable option of “doubling down on their own world” instead of venturing into worlds that are foreign to them 
  • People around you will forgive you – probably more than they should – when you commit to improving your life and are serious about it over a long period of time
  • People from all walks of life can have extremely similar experiences, and yet they appear to be different based on surface-level interpretations of those experiences, language used to describe them, etc. 
    • Synthesizing insights from two different perspectives is not 1+1=2, but 1+1=7
  • “There is someone out there with half your IQ, that is accomplishing 10x what you are because they’re not smart enough to doubt themself.” – Ed Latimore 
  • The people that get far are the ones that embrace what scares them 
  • The sum of the world’s knowledge is at your fingertips; you just need to learn the skill of asking the right questions 
  • Immense innovation tends to happen on compressed timelines, and then large amounts of time can pass before the next rapid period of innovation ensues
  • People expect individuals of particular genders, races, and backgrounds to all think the same about certain issues, completely stripping the individual’s agency from the calculus 
  • The media networks benefit when people are enraged; they are incentivized to publish polarizing content with varying degrees of truth to keep you watching and clicking 

Intro

  • Ed Latimore (@EdLatimore) is a best-selling author, former professional boxer, and competitive chess player. He writes about self-improvement and developing a practical approach to stoic philosophy, which he shares in his newsletter and his various books and courses.
  • In this conversation, Ed Latimore and Anthony Pompliano discuss the crackhead work theory, Ed’s recovery from alcohol addiction, critical thinking, ignoring the mainstream news, narrative violations, happiness vs. fulfillment, and more
  • Check out these Podcast Notes for more insights from Ed Latimore
  • Host – Anthony Pompliano (@APompliano

Products Mentioned

Crackhead Work Ethic Theory

  • Ed Latimore grew up in the projects where drugs and drug addicts were common
  • The crackhead’s worth ethic comes from the need to acquire a very addictive substance 
  • Crackheads that get clean often replace their addiction to crack with something else; channeling their addictive personality towards something productive is life-changing 

High Volatility People

  • Individuals that were born into safe, stable environments have a higher floor but a lower ceiling in terms of what they often set out to achieve 
    • They prioritize maintaining the status quo of what they grew up in instead of trying to create an entirely foreign environment for them 
  • By trying to avoid the loss, you avoid the gain as well 
  • A balanced life has its advantages, but you can’t get exceptionality if you prioritize balance above all else
  • Rewards for those at the top of their field in highly competitive domains scale exponentially, not linearly
  • Pro athletes are not “well-rounded individuals”; it’s a joke that these athletes are forced to go to college before the big leagues 
  • Pomp paraphrases an Elon Musk quote: “I’m trying to get to Mars… did you think I’d be normal?”

Human Perspectives

  • “If you don’t see anything else other than what you know, you assume that’s all there is.” – Ed Latimore
  • Ed thinks people like his writing because it exposes them to a world they’ve never experienced, or will have to experience in their own lives 
  • Social media exposes you to other perspectives around the world that you would not have otherwise been exposed to
  • Most people choose the more comfortable option of “doubling down on their own world” instead of venturing into worlds that are foreign to them 

Taxation in the United States 

  • Pomp: The U.S. was built on not taxation without representation, and yet it taxes non-citizens who don’t have a say in the system 
  • If you renounce your citizenship to the U.S., you pay taxes to Uncle Sam as if you died
    • Pomp mentions the case of Facebook co-founder Eduardo Saverin moving to Singapore and parting with his Facebook shares tax-free, which resulted in the implementation of the “Ex-Patriot Act” 
  • People who renounce their U.S. citizenship and move to other countries will still pay taxes to the U.S. 
  • “You follow drugs, you get drug addicts and drug dealers. But you start to follow the money, you don’t know where the f*** it’s gonna take you.” – Det. Lester Freamon, The Wire 

Prioritizing & Improving Your Life

  • Ed Latimore has four chapters in his life; he has essentially lived four different lives that had entirely different priorities 
  • If you don’t learn from your mistakes, you will repeat them 
  • If you take care of a problem early, you get a discount on it 
  • If you take care of a problem when it shows up, you pay the MSRP sticker price on it
  • If you take care of a problem late, you’ll pay a tax and penalty on it  
  • People around you will forgive you – probably more than they should – when you commit to improving your life and are serious about it over a long period of time

Stopping Alcohol Consumption 

  • Some people cannot operate in the middle ground of moderation 
  • Ed Latimore is not anti-people-drinking, but alcohol is poison in its purest form 

People in Prison for Marijuana 

  • “We got people in prison for plants.” – Anthony Pompliano
  • According to Ed, many of the people in jail for weed are not in jail for weed, but for the things they must do to effectively protect and sell the weed 

The 50th Law & 50 Cent

  • People from all walks of life can have very similar experiences, and yet they appear to be different based on surface-level interpretations of those experiences, language used to describe them, etc. 
  • Societies establish clear codes of conduct so it is clear when someone acts in a manner that they shouldn’t act in 
  • Passive-aggressive behavior tries to get the benefits of a conflict without the consequences of it 
  • Synthesizing insights from two different perspectives is not 1+1=2, but 1+1=7

Paralysis by Analysis 

  • “There is someone out there with half your IQ, that is accomplishing 10x what you are because they’re not smart enough to doubt themself.” – Ed Latimore  
  • People tend to plan, plan, and plan, instead of focusing on execution 
    • Execution is where you find out if it’s a good idea or not, but it’s also where you might face rejection 
  • Execution is scary; it represents all the things that we’re afraid to confront, such as wasted time, rejection, embarrassment 
  • The people that get far are the ones that embrace what scares them 
  • “When you’re living true to yourself, you look forward to being rejected because it’s the most efficient way to cut out the fluff.” – Ed Latimore 
  • Planning is not overrated, because you do need something to go off of, but you probably need much less planning than you think 

The Street Approach to Product 

  • The boardroom plans, but the street acts 
  • Non-conventional methods of learning can be more beneficial because the process is more unique to the individual than the cookie-cutter process
  • The sum of the world’s knowledge is at your fingertips; you just need to learn the skill of asking the right questions 
    • Google has a commercial incentive to find the best answers for you 
  • There is no reason to not know something

The Fall of the U.S. Economy 

  • Pomp mentions a book called The Rise and Fall of American Growth that disagrees with the consensus opinions that economies just grow and grow forever
  • Homes were completely isolated in the late 1800s; about 70 years later their power, electricity, and sewage, were all connected 
  • The speed of transportation has not changed since the 1950
    • Planes and cars go about the same speed now as they did in the 1950s
  • Immense innovation tends to happen on compressed timelines, and then large amounts of time can pass before the next rapid period of innovation ensues

ADHD, Allergies, & Modern Life

  • The Epidemic of Absence claims that our immune systems evolved in a hostile environment full of pathogens and disease, but now they function in a sterilized society
    • This might be why there has been a rise in allergies
    • Immune systems are looking for threats that might not be threats
  • Stoicism and stillness can lead to idea generation
    • Examples: walking outside, shower thoughts, meditation 
  • Your body knows the difference between walking outside versus walking on a treadmill; it is cognizant of the physical progress you make as you walk outside, which contributes to creativity in some measurable way 
  • Your subconscious brain makes connections that your conscious brain cannot

Tools Used for Good & Bad

  • Tools can be used for good or for bad; people often resort to binary thinking instead of thinking critically about complex issues
  • People tend to make their beliefs part of their identity, which prevents them from thinking clearly on the subject 

Rational Thoughts & Dogmatism

  • When you’re in disagreement, ask the person: “Do you think there is a situation where you would change your stance?”
    • There’s little benefit to conversing with someone that refuses to be malleable with their beliefs 
  • Irrational people often become religious with their thoughts
  • Pomp wants political debates to include a section where the candidate must answer the question: “What is something that your candidate says that you agree with that goes against your own party?”
    • The candidate gets disqualified if they don’t or can’t answer the question

“Expected Thought” from Certain Groups of People

  • People expect individuals of particular genders, races, and backgrounds to all think the same about certain issues, completely stripping the individual’s agency from the calculus 
  • Our language is being manipulated so it can fit whatever purpose it needs to fit 
  • Society is negatively impacted by people and institutions changing definitions to words when it suits them 

BLM Hypocrisy 

  • Ed Latimore believes there is hypocrisy in the BLM movement because the organization only cares about black lives when the people taking them are not black 
  • You can correct ignorance; it is much more challenging to correct insanity 
  • BLM leaders talk about being oppressed but have $10 million dollars 

The Kyle Rittenhouse Narrative Violation 

  • Kyle Rittenhouse killed two white people, but the mainstream media initially lead people to believe that he killed multiple people of color  
  • “A lie can travel halfway around the world while the truth is putting its shoes on.” – Mark Twain 

Ignoring the Mainstream News 

  • Ed deploys a strategy of willful ignorance and active disinterest in the mainstream news stories of the day 
  • Pomp mentions his seeing of a video come out of Ukraine that showed 20-somethings partying at a club in Kyiv
    • It’s hard to know what is real and what is fake on the internet today 
  • Everyone should read 1984 by George Orwell to see how propaganda is used to manipulate the masses 
  • The media networks benefit when people are enraged; they are incentivized to publish polarizing content with varying degrees of truth to keep you watching and clicking 
  • Pomp brings up CNN’s death scoreboard during 2020
    • Ed equates this behavior to the movie Anchorman 2 that critiques the perverse incentives of the news industry in a humorous way 

Building Life Relationships

  • Having long-term friends is an indicator of someone who has gone through life
  • “It’s become really cool to have the sizzle without the steak.” – Ed Latimore 

Happiness, Fulfillment, & Trapped People 

  • Some people fool themselves by pursuing a lifestyle they think they’re supposed to have, or one that checks certain boxes of status
    • If these people are truly happy, more power to them, but many remain unfulfilled
  • Happiness is a tough thing to pursue; seeking fulfillment is a more worthwhile pursuit 
  • If it’s just about money, go drive trucks for Walmart for $100K per year 
  • People have allowed social media to influence what is important to them

Additional Notes

  • The kid that spent $120K to earn a degree in marketing is watching the 19-year-old kid on TikTok make a catchy video and throw a link in the description 
  • Fiction books are a special thing that should not be read on Kindles 
  • “I don’t write because I’m smart; I’m smart because I write.” – Ed Latimore
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Notes By Stan Rizzo

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