tim ferriss healthcare workers covid-19

You’re not Isaac Newton, Give Yourself a Break for being Unproductive in Quarantine | Tim Ferriss on Recode Decode with Kara Swisher

Check out the Episode Page and Show Notes

Key Takeaways

  • Every dinner, Tim Ferriss and his girlfriend share one highlight of the day
    • Even on a bad day, chances are at least one good thing happened
  • Until Tim has the data to prove it’s safe to go outside and return to normal, he’s going to assume the worst and act accordingly
    • “The cost of me spending more time at home is very minimal” – Tim Ferriss
  • Tim’s 3 Tips For Surviving Quarantine
  • Smart investors cap their downside risk
    • “If you have practiced thinking about worst-case scenarios, then even if the unexpected hits, you will be better equipped to cope and make good decisions under duress” Tim Ferriss
  •  Academic researchers have started to view researching psychedelics as a possible career path
    • “It used to be a suicide mission, then it was a dead end, and then it was unattractive and now it’s attractive” – Tim Ferriss
      • “On the Federal level, if the science can be funded properly, I think we will see some major progress in the next two year”

Intro

Books Mentioned

How Quarantine Has Affected Tim 

  • Tim has been self-quarantined since mid-February
    • He’s currently reading about Isaac Newton and how the year he was quarantined because of the plague was the most productive year of his life
      • Tim was getting angry at himself that he wasn’t being super productive himself
        • “What you resist, persists” – Tim Ferriss
          • So instead, Tim started giving himself more slack for being unproductive because he was feeling nervous, afraid, and fatigued 
            • There’s no need to beat yourself up for not being super productive 
  • Most type A people have trouble have a hard time saying they’ve done enough for today and taking a break for the rest of the day
  • Every dinner, Tim and his girlfriend share one highlight of the day
    • Even on a bad day, chances are at least one good thing happened
  • Create a schedule or routine during the lockdown to help you stay sane 
  • Until Tim has the data to prove it’s safe to go outside and return to normal, he’s going to assume the worst and act accordingly
    • “The cost of me spending more time at home is very minimal” – Tim Ferriss
      • Tim believes that even if the government says it’s safe to go outside tomorrow, many people will play it safe and wait some time before going back to regular activities

Tim’s 3 Tips For Surviving Quarantine

COVID-19 & Investing

  • COVID-19 is trimming the fat in the investing world
    • People who took on a lot of debt will likely be out of business
      • Smart investors cap their downside risk
        • “If you have practiced thinking about worst-case scenarios, then even if the unexpected hits, you will be better equipped to cope and make good decisions under duress” Tim Ferriss
          • The more you sweat during peacetime the less you bleed during wartime
  •  Tim moved the majority of his portfolio to mostly cash in mid-February
    • He decided to keep his stock in Uber for several reasons: They have a great CEO, they deliver food, and for the time being, people will prefer riding in an Uber over public transportation  
      • “I’m cautiously optimistic” – Tim Ferriss
    • Tim recently bought shares in Shopify

Exploring Psychedelics

  • Tim is currently involved with two institutions that are researching the benefits of psychedelics
    • Imperial College in London
      • “They started the world’s first dedicated psychedelic research center” – Tim Ferriss
    • John Hopkins University
      • The two institutions will look at treating depression, alzheimer’s, opioid addiction, eating disorders, and other disorders
  • Psychedelics have a wide-range of benefits that can be used to treat disorders where traditional drugs have failed 
    • Taking 2-3 sessions of psychedelics has shown to keep depression away for 6-12 months
  • Because of the Nixon administration, psychedelic drugs never got a fair chance to be studied as any other drug
    • Tim’s goal is to avoid the politics around psychedelics and focus on the Phase 3 medical route in an attempt to get psychedelics reclassified
  • The creator of AA’s 12 Step program wanted psychedelics to be one of the steps because it helped him become sober
  •  Academic researchers have started to view researching psychedelics as a possible career path
    • “It used to be a suicide mission, then it was a dead end, and then it was unattractive and now it’s attractive” – Tim Ferriss
      • “On the Federal level, if the science can be funded properly, I think we will see some major progress in the next two year”

Additional Notes

  • When you’re two gears in life are either Park or 6th gear, you’re going to have trouble navigating many aspects of life
  • Being quarantined has accelerated many relationships in both directions
    • If people were thinking about getting divorced, they’re now making plans to get divorced 
    • If people were thinking about getting married, they’re now making plans to get married 
  • You can make a good fast decision, but you can’t make a good rushed decision
    • Slow is smooth, and smooth is fast
      • Focusing on doing it right before you focus on doing it quickly
Recode Decode : , , , ,
Notes By Alex Wiec

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