#586: The Random Show with Kevin Rose — Current Books, Men’s Groups, Tuna Helper, the Latest in NFTs, Fierce Intimacy, and More | The Tim Ferriss Show

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Key Takeaways

  • “Whenever you find yourself on the side of the majority, it’s time to pause and reflect” – Tim Ferriss
    • Do your conclusions follow a logical first principles process? Or are they just subconsciously conditioned?
    • We too often absorb our positions without earning them
  • Find the one decision that removes 100 decisions
    • Check out Tim’s blog on how he’s applied this principle by not reading new books right away
  • FUD (fear, uncertainty, and doubt) is a good thing for NFTs
    • Pointing out risk is crucial for appropriate valuations
  • Greater Fool Theory: prices always go up as long as you can find a greater fool to sell to, no matter how overvalued—but, only until there are no more fools
    • Do your due diligence on the NFT you’re investing in, know the value creation and retention roadmap
  • Check out Tim’s first NFT called How to Start a War on Kevin Rose’s platform Grails by PROOF Collective
    • All proceeds from Tim’s NFT are going towards his foundation
  • Continue reading for an extensive list of recent book recommendations!

Intro

  • The dynamic duo of Kevin Rose (@kevinrose) and Tim Ferriss (@tferriss) return for another episode of The Random Show. They discuss books they’ve read recently, why Tim has decided to enter the NFT game, how to reflect on your conclusions, and more!

Recent Book Recommendations

  • Visions of Japan: Kawase Hasui’s Masterpieces by Kawase Hasui
    • Great coffee table book – a visual collection of woodblock prints, specializing in Japanese seasons and landscapes
  • AMORALMAN: A True Story and Other Lies by Derek DelGaudio
  • Ka: Dar Oakley in the Ruin of Ymr by John Crowley and Melody Newcomb
    • About a crow that is repeatedly reincarnated and develops the ability to communicate with humans
    • Give it about 100 pages to get through the setup!
  • Little, Big by John Crowley
    • “It leaves you in an altered state for at least a few weeks after you read this book” – Tim Ferriss
    • Give this one some time to set up as well, the story gets fascinating once you get to the talking fish
    • Keep the family tree on hand while you read, you’ll need the context
  • Fierce Intimacy by Terence Real
    • How to communicate with love and respect, even when you argue
    • “This has been just a game-changer for me when it comes to how I can relate, how I can prevent self-sabotaging habits, and just how to deal with your partner in a way that’s constructive” – Kevin Rose
  • Tim is currently not reading any books that are published in 2022

Conclusions & Reflection

  • “Whenever you find yourself on the side of the majority, it’s time to pause and reflect” – Tim Ferriss
    • Do your conclusions follow a logical first principles process? Or are they just subconsciously conditioned?
    • Even if your subconscious conclusions are true, it’s important to realize when you absorb a conclusion that you have not earned

Tim is Finally into NFTs

  • “There’s a lot of hype in the sector. Anyone armed with photoshop right now can publish an NFT to the blockchain. And that means that there is going to be a lot to sort through to find the gems.” – Kevin Rose
    • The underlying fundamental technology (scarcity, durability, transferability) is sound, but there is just a lot of noise and flipping
    • In Kevin’s eyes, this is just the beginning of a technology that will be around forever
  • Greater Fool Theory: prices always go up as long as you can find a greater fool to sell to, no matter how overvalued—but only until there are no more fools
    • Do your diligence on the NFT you’re investing in – place little bets across different opportunities rather than “apeing” all your money into one position
    • NFTs that are companies, rather than projects, have better long-term value retention roadmaps
    • Don’t rush, it’s early—develop your foundational knowledge now
  • Kevin created Grails by PROOF Collective to return the focus to the art
    • 20 anonymous artists were selected to be showcased – here was Tim’s winning submission called How to Start a War, which is a written fictional piece embedded in his first NFT (all proceeds go to Tim’s foundations, predominantly mental health)
  • Tim does not want to attach utility to his NFTs as of now
    • Wants his NFTs to prioritize intrinsic value first
  • An NFT project that has ongoing delivery can be extremely stressful for the creator
    • The value can rug pull at any moment if the creator can’t fulfill their promises or can’t offer a clear roadmap
    • Tim wants to underpromise and overdeliver. You also never have to deliver if you never promise.
  • Kevin thinks FUD (fear, uncertainty, and doubt) is a good thing for NFTs
    • Helps develop appropriate valuations
    • “Pointing out risks is not FUD” – Tim Ferriss

Men’s Groups

  • There aren’t many places outside of the bar and sporting events where men have a communal experience together
    • And even in those settings, you don’t have permission to go into an emotional deep conversation—that time is basically reserved only for ‘shooting the shit’
  • Men’s Groups can be a unique opportunity to create a safe space for individuals who want to cope and vent together
    • Explaining your tears can be a relieving experience
  • Kevin references the Men’s group he’s been attending lately, led by the aforementioned author of Fierce Intimacy, Terence (Terry) Real
    • “All things in excess can become the opposite of what we’re aiming for” – Tim questions the seemingly one-sided view of masculinity in Terry’s message, but Kevin assures him that the book does a better job explaining, as compared to Terry’s appearance on The Drive with Peter Attia

Tobacco

  • Kevin loves a good tobacco-infused cocktail
    • The buzz can be intense if you don’t regularly ingest tobacco or nicotine
  • Rapé is a tobacco snuff used by South American shamans as part of important medicinal rituals
    • Tobacco is more commercial in modern times, but some of these medicinal capabilities are being explored
    • Be careful, tobacco and nicotine can be extremely harmful if not ingested properly
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Notes By Drew Waterstreet

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