Latest / Live 100 Podcast with Jason Yarusi / Look Back To Move Forward

Transcript

Look Back To Move Forward · Live 100 Podcast with Jason Yarusi

• 0:00
  SPEAKER_00: Imagine opening up your phone or opening up a newspaper and just reading your own obituary.
• 0:04
  SPEAKER_00: Reflection without change is just nostalgia.
• 0:07
  SPEAKER_00: You look back, you feel something, and just nothing moves.
• 0:10
  SPEAKER_00: Change without reflection is just chaos.
• 0:14
  SPEAKER_00: He didn't blame the market.
• 0:15
  SPEAKER_00: He didn't go and quit.
• 0:21
  SPEAKER_00: The world went digital without them.
• 0:22
  SPEAKER_00: And in 2012, Kodak filed for bankruptcy.
• 0:26
  SPEAKER_00: And it didn't fail because it didn't see the future, right?
• 0:29
  SPEAKER_00: It saw it, it built it.
• 0:37
  SPEAKER_00: Imagine opening up your phone or opening up a newspaper and just reading your own obituary.
• 0:42
  SPEAKER_00: You know, not a joke, just a real printed obituary talking about your life.
• 0:45
  SPEAKER_00: And that headline, right, reads out and calls you the merchant of death.
• 0:50
  SPEAKER_00: Now, that happened to a man in 1888.
• 0:53
  SPEAKER_00: And what he did next is why you know his name today.
• 0:56
  SPEAKER_00: All right, welcome back to the Live 100 podcast.
• 0:59
  SPEAKER_00: Today we are going to talk about reflection and change and why you can't have one without the other.
• 1:04
  SPEAKER_00: You know, here's how I see it reflection without change is just nostalgia.
• 1:08
  SPEAKER_00: You look back, you feel something, and just nothing moves.
• 1:11
  SPEAKER_00: Change without reflection is just chaos.
• 1:15
  SPEAKER_00: You're just making a crazy choice.
• 1:16
  SPEAKER_00: You're almost just sports betting.
• 1:18
  SPEAKER_00: You're busy, you're moving, and you just keep repeating the same mistakes just at a faster speed.
• 1:23
  SPEAKER_00: The magic, it happens when you put them all together.
• 1:26
  SPEAKER_00: And let's give you just four stories just to dictate how this happened.
• 1:30
  SPEAKER_00: So the man I was talking about earlier, right, his name that was in the obituary was Alfred Nobel.
• 1:36
  SPEAKER_00: And what had happened is that his brother, Ludwig, had actually died.
• 1:40
  SPEAKER_00: And as the story goes, right, a French newspaper confused the two and ran that Alfred had died instead.
• 1:47
  SPEAKER_00: And it described a man who had just got rich by inventing new ways to kill people faster because he had just created dynamite.
• 1:55
  SPEAKER_00: He got to see the world of how the world would remember.
• 1:58
  SPEAKER_00: Just imagine this: like if someone wrote your obituary today with you still living, what would it say?
• 2:05
  SPEAKER_00: For some of us, it would be non-conclusive.
• 2:07
  SPEAKER_00: There wouldn't be much to say because we're still waiting to do what we're meant to do.
• 2:11
  SPEAKER_00: For others, it would say that we did things that weren't in line with the person that we truly should be.
• 2:21
  SPEAKER_00: And he was remembered for someone that was killing people with the things that he created.
• 2:26
  SPEAKER_00: So what he did, while he was still alive, he went to change it.
• 2:30
  SPEAKER_00: And he did.
• 2:31
  SPEAKER_00: When he wrote his will a few years later, he left the bulk of his fortune to create prizes, honoring people who did the most good for humanity.
• 2:40
  SPEAKER_00: Today, nobody calls him the merchant of death.
• 2:42
  SPEAKER_00: They talk about and say the Nobel Prize winner.
• 2:46
  SPEAKER_00: This can be for all different forms of anything.
• 2:48
  SPEAKER_00: And very few times is it about something that creates chaos or death.
• 2:53
  SPEAKER_00: So one moment of honest reflection rewrote his entire legacy.
• 2:59
  SPEAKER_00: And that's where your life can go too.
• 3:02
  SPEAKER_00: Most of us, we get that newspaper, and so we see the question and we say, well, what is our story today and what was written today?
• 3:09
  SPEAKER_00: And how does it feel to have it written that way?
• 3:13
  SPEAKER_00: And if it's not online, what can we do to change it?
• 3:15
  SPEAKER_00: Next is Ray Dalio, founder of Bridgewater, one of the biggest headfunds in the world.
• 3:19
  SPEAKER_00: And in 1982, we went very public saying that this is the big call.
• 3:23
  SPEAKER_00: The economy was heading for a depression.
• 3:26
  SPEAKER_00: Well, in fact, he was absolutely wrong.
• 3:29
  SPEAKER_00: The market took off, it ripped, right?
• 3:31
  SPEAKER_00: And he lost so much money that he had to let go of his entire staff and borrow$4,000 from his dad just to keep going.
• 3:37
  SPEAKER_00: Now, most people in that spot, if you've had a loss, you would just go run and hide.
• 3:41
  SPEAKER_00: And he did the opposite.
• 3:43
  SPEAKER_00: He didn't blame the market.
• 3:44
  SPEAKER_00: He didn't go and quit.
• 3:45
  SPEAKER_00: And you know, he sat and he asked himself, how did I get this so wrong?
• 3:50
  SPEAKER_00: And what he realized is that the problem was his arrogance.
• 3:55
  SPEAKER_00: He was so certain of his conviction to what was going to happen that he only listened to people that was supporting his narrative.
• 4:03
  SPEAKER_00: And he never looked for people who disagreed with him.
• 4:06
  SPEAKER_00: Right there, he changed how he made decisions.
• 4:08
  SPEAKER_00: He built a whole culture around stress testing ideas, about having smart people around him at all points who would challenge him on his thesis, challenge him on his conclusion.
• 4:18
  SPEAKER_00: And it later boiled down to a simple formula: pain plus reflection equals progress.
• 4:24
  SPEAKER_00: The pain alone, it didn't make him better.
• 4:26
  SPEAKER_00: Plenty of people, you know, have pain.
• 4:28
  SPEAKER_00: It was the reflection that turned into progress.
• 4:31
  SPEAKER_00: So think about your life right now.
• 4:33
  SPEAKER_00: If you're facing the pain or we're reflecting on what's causing that pain, because it gives us the ability to look at it and say, well, is this self-induced pain?
• 4:43
  SPEAKER_00: Or is this an exterior or an external thing that is factored in now that I have to work to change?
• 4:50
  SPEAKER_00: The stories they continue unravel.
• 4:52
  SPEAKER_00: Think about it, Kodak, the cost of not changing.
• 4:54
  SPEAKER_00: We had talked in Kodak on a prior podcast, and it's just so powerful, right?
• 4:58
  SPEAKER_00: This one's it's it's a warning.
• 4:59
  SPEAKER_00: You know, in 1975, an engineer at Kodak named Steve Sassoon built the first digital camera.
• 5:04
  SPEAKER_00: So think about digital cameras everywhere today.
• 5:07
  SPEAKER_00: Kodak actually invented it.
• 5:09
  SPEAKER_00: And Kodak, the company that you would take the picture and have a Polaroid, right?
• 5:14
  SPEAKER_00: But they put it on the shelf because where was their money being made?
• 5:17
  SPEAKER_00: It was in film.
• 5:18
  SPEAKER_00: And that filmmaking business was a fortune.
• 5:21
  SPEAKER_00: And why would you disrupt something that was everything of your business?
• 5:25
  SPEAKER_00: So you know how this end.
• 5:27
  SPEAKER_00: The world went digital without them.
• 5:28
  SPEAKER_00: And in 2012, Kodak filed for bankruptcy.
• 5:32
  SPEAKER_00: And it didn't fail because it didn't see the future, right?
• 5:35
  SPEAKER_00: It saw it, it built it.
• 5:37
  SPEAKER_00: They literally held it in their hands and had the opportunity to be first to it.
• 5:41
  SPEAKER_00: They failed because they didn't want to change while something was working.
• 5:44
  SPEAKER_00: And that's the trap.
• 5:45
  SPEAKER_00: Many times when we're doing something in fitness, we're not adapting our body, it doesn't move forward, especially as we age.
• 5:52
  SPEAKER_00: It feels like when you have success, it can make reflection feel optional.
• 5:56
  SPEAKER_00: When things are good, nobody wants to ask the hard questions.
• 5:59
  SPEAKER_00: That's exactly what happened here.
• 6:01
  SPEAKER_00: They had the room to change and they told themselves what that, oh, everything's going great.
• 6:07
  SPEAKER_00: Let's not change, let's just stay exactly where we are.
• 6:10
  SPEAKER_00: And that put them into a part where basically out of business.
• 6:14
  SPEAKER_00: And the last one that I want to talk to today is that the US Army building reflection into routine.
• 6:21
  SPEAKER_00: After a mission or a training exercise, a team runs so-called an after-action review.
• 6:26
  SPEAKER_00: You think about this in your life.
• 6:27
  SPEAKER_00: It's not about blame.
• 6:28
  SPEAKER_00: It's not about who Mr.
• 6:30
  SPEAKER_00: Spot, who Mr.
• 6:30
  SPEAKER_00: Mark.
• 6:31
  SPEAKER_00: It's about four simple questions.
• 6:32
  SPEAKER_00: What was supposed to happen?
• 6:34
  SPEAKER_00: And what was actually the thing that did happen?
• 6:38
  SPEAKER_00: What was uh the difference and why was that difference?
• 6:41
  SPEAKER_00: And what will we do differently next time?
• 6:43
  SPEAKER_00: So think about that, right?
• 6:44
  SPEAKER_00: In your life right now, for your last piece of action, what was supposed to happen?
• 6:49
  SPEAKER_00: And when you took that action, what actually happened?
• 6:52
  SPEAKER_00: And why was that difference?
• 6:54
  SPEAKER_00: And now knowing those three things, what can we do differently next time?
• 6:58
  SPEAKER_00: That's it.
• 6:59
  SPEAKER_00: It's been adopted everywhere, from hospitals to businesses, because that simple thing of reflection works.
• 7:06
  SPEAKER_00: It turns reflection from a feeling into a habit.
• 7:09
  SPEAKER_00: Meantime, we reflect and we get feelings about our past right there, but we're not looking into it as an actionable step.
• 7:16
  SPEAKER_00: Look at the pattern.
• 7:17
  SPEAKER_00: Nobel reflected and changed his legacy.
• 7:20
  SPEAKER_00: Dalio reflected and rebuilt his company into the one of the largest hedge funds in the world.
• 7:26
  SPEAKER_00: Kodak refused to change, lost everything.
• 7:29
  SPEAKER_00: And the army made a reflection a system.
• 7:32
  SPEAKER_00: So you don't have to just rely on just random luck based on what you know from the past.
• 7:36
  SPEAKER_00: Reflection, it's the steering wheel.
• 7:38
  SPEAKER_00: Change is the gas pedal.
• 7:40
  SPEAKER_00: You need both of them.
• 7:41
  SPEAKER_00: Listen, here's a challenge for you today.
• 7:43
  SPEAKER_00: You know, we're we're heading to the end of the year before the holidays hit, and everybody's talking about these resolution.
• 7:49
  SPEAKER_00: 92% of resolutions fail because they don't have an after-action plan, an after-action review.
• 7:56
  SPEAKER_00: Question for you right now is grab a notebook and answer these four questions.
• 8:00
  SPEAKER_00: What did I plan for this year?
• 8:02
  SPEAKER_00: What was your plan for this year?
• 8:04
  SPEAKER_00: And what actually happened?
• 8:06
  SPEAKER_00: And then what's the gap?
• 8:07
  SPEAKER_00: What is the big gap in what you wanted and what you did?
• 8:11
  SPEAKER_00: And what's one thing that you can do differently starting now, not January.
• 8:15
  SPEAKER_00: This is like, oh, I'll do it, you know, after the weekend when you never do, right?
• 8:19
  SPEAKER_00: Start now.
• 8:19
  SPEAKER_00: Don't wait for the obituary to be made for you.
• 8:22
  SPEAKER_00: Start living your life right now.
• 8:24
  SPEAKER_00: Read your own story today.
• 8:26
  SPEAKER_00: And if you don't like the ending of where it is currently, change it.
• 8:30
  SPEAKER_00: All right, that's what I have for you today.
• 8:32
  SPEAKER_00: This is the Little Injured Podcast.
• 8:33
  SPEAKER_00: I'm Jason Roosey.
• 8:34
  SPEAKER_00: Let's do this.