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    About this Episode

    Episode 498: Shaan Puri (https://twitter.com/ShaanVP) and Sam Parr (https://twitter.com/theSamParr) talk about the coolest stuff they’ve seen this week—like why Nancy Pelosi may be out-investing Warren Buffet and how Cultural Tutor is winning Twitter by taking it more seriously than everybody else.  Want to see more MFM? Subscribe to our YouTube channel here. Want MFM Merch? Check out our store here. Want to see the best clips from MFM? Subscribe to our clips channel here. — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com/ Check Out Shaan's Stuff: • Try Shepherd Out - https://www.supportshepherd.com/ • Shaan's Personal Assistant System - http://shaanpuri.com/remoteassistant • Power Writing Course - https://maven.com/generalist/writing • Small Boy Newsletter - https://smallboy.co/ • Daily Newsletter - https://www.shaanpuri.com/ — Show Notes: (0:00) Intro (2:00) Bill Gurley exposes the grift of regulation (7:00) Deion Sanders on “60 Minutes”  (14:00) CFO Secrets on negotiating like an M&A master (21:00) The Cultural Tutor’s obsession with writing one tweet — Links: • Bill Gurley's All-In Talk - https://www.youtube.com/watch?v=F9cO3-MLHOM • Autopilot: https://www.joinautopilot.com/ • Deion Sanders “60 Minutes” interview - https://www.youtube.com/watch?v=h8PSWeRLGXs • Deion Sanders Jr’s YouTube Channel - https://www.youtube.com/channel/UC_n7zvkh3y3PLBIUA1lHkjw • The Score Takes Care of Itself - https://tinyurl.com/jtspe367 • CFO Secrets - "Uncovering The Mystery of Working Capital in M&A" - https://www.cfosecrets.io/p/working-capital-adjustment-peg-m-a • The Cultural Tutor on David Perell - https://www.youtube.com/watch?v=1pBxikHRCXI • The Cultural Tutor twitter - https://twitter.com/culturaltutor • Vacation Sunscreen - https://www.vacation.inc/ — Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more. — Other episodes you might enjoy: • #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits • #209 Gary Vaynerchuk - Why NFTS Are the Future • #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto • #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett • ​​​​#218 - Why You Should Take a Think Week Like Bill Gates • Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More • How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More

    🔑 Key Takeaways

    • The media we consume shapes our minds, and intentionally choosing what we read, watch, and listen to allows us to become more knowledgeable and open-minded individuals.
    • Change in government practices requires public awareness and pressure to hold officials accountable and bring transparency to their actions.
    • True leadership involves being insightful, straightforward, and addressing struggles head-on, while also leveraging modern tools and understanding individual strengths to motivate the team and drive personal and professional growth.
    • Attention to detail and consistent commitment to excellence are what set great leaders apart in sports, business, and beyond.
    • Paying close attention to the final stages of a deal and persevering through discomfort can lead to better outcomes in mergers and acquisitions. Having an expert on your side and understanding key terms is crucial.
    • Mastering copywriting can empower individuals to influence others in various ways, from persuading them to make a purchase to inspiring them to take action or improve personal relationships.
    • Prioritize your passions and invest time and effort into them, disregarding others' opinions. True success can be achieved by taking seemingly unconventional ideas seriously and recognizing their potential.
    • Success and remarkable outcomes can be achieved by carefully selecting and arranging items, infusing purpose into our work and surroundings, and finding passion and genuine interest even in seemingly unexciting niches.

    📝 Podcast Summary

    Curating our information diet for a more informed perspective

    The media and content we consume greatly influence our perspectives and ideas. The conversation highlights the importance of curating our information diet to become more interesting and informed individuals. By being intentional about what we read, watch, and listen to, we can shape our minds and expand our knowledge. The example of Bill Gurley's talk at the all in conference demonstrates the power of exposing the flaws and grifts in regulation through insightful storytelling. It emphasizes the need to question and challenge the status quo, especially when it comes to government policies and regulations that can hinder innovation and drive up costs. Ultimately, being aware of the inputs we receive ensures that we are well-informed and able to think critically about the world around us.

    Corruption and Conflicts of Interest in Government: A Call for Transparency and Accountability

    There is a significant issue of corruption and conflicts of interest within the government. The speaker, Shaan Puri, highlighted the case of a government official who granted a prize to a particular company and later joined that same company as a board member. This kind of unethical behavior is a real problem that needs to be exposed and addressed. However, the challenge lies in changing the incentives for those in power to take action against these corrupt practices. The people who could make the necessary changes are often the ones who are benefiting from the current system. It would require significant pressure and public awareness to force these changes. This talk really sheds light on the need to bring transparency to government operations and hold officials accountable for their actions.

    Inspiring Leadership and Effective Communication

    Leadership skills and effective communication are crucial in bringing about positive change and inspiring others. Dion Sanders, the new coach for the Colorado Buffaloes, shows that being insightful and straightforward in his approach can have a profound impact. By addressing the team's struggles head-on and challenging them to step up, he instills a sense of accountability and a desire for improvement. Additionally, he leverages modern tools like social media to build interest and engagement. This story is a reminder that true leadership is not about arrogance or showboating, but about understanding individual strengths, motivating the team, and setting high standards. It teaches us the importance of being honest, humble, and focused on personal and professional growth.

    Setting high standards and focusing on daily inputs for success

    Setting high standards and focusing on the daily inputs is crucial for achieving success. Whether it's in sports or business, great leaders like Dion Sanders and Coach K understand the value of attention to detail and the little things. They instill new standards and hold their team accountable for even the smallest actions. The speeches and motivation get a lot of attention, but it's the consistent commitment to excellence in daily tasks that truly sets these leaders apart. This principle extends beyond the field or office, as we see in the example of CFO Secrets, where true expertise and knowledge really stand out amidst the noise of self-proclaimed experts. So, if we want to excel, let's focus on the standards we set for ourselves and the inputs we put in each day, because that's where success truly lies.

    The importance of persistence and attention to detail in M&A negotiations

    Negotiations in mergers and acquisitions (M&A) require perseverance and attention to detail, especially during the final stages. The person who is more stubborn and comfortable with discomfort usually comes out as the winner. It is crucial to focus on the last 1 to 5 percent of the deal, even when feeling tired or eager to wrap things up. Pushing through and putting extra effort into these final points can lead to greater satisfaction and better outcomes in the long run. Additionally, having an experienced M&A expert on your side can significantly benefit the negotiation process. Understanding terms like networking capital is essential for successful M&A deals.

    Learning copywriting through copy work: a valuable skill for success in various aspects of life

    Learning copywriting through the technique of copy work can be a valuable skill in various aspects of life. Copy work involves hand-copying great writing and analyzing what makes it special, similar to learning to play the piano by starting with simple songs and gradually building skills. By immersing oneself in the process, understanding how to motivate others and use written words effectively becomes possible. The speaker, Sam Parr, recommends his program, Copy That, as a helpful tool to make the learning process easier. This takeaway emphasizes the power of mastering copywriting to influence others, whether it's persuading them to purchase a product, inspiring them to join a movement, or even enhancing one's dating skills.

    Finding Success in Unconventional Endeavors

    Bringing a level of seriousness and intensity to something that others consider not serious can lead to significant success. This is exemplified by the Twitter thread writer who dedicated his entire day to publishing one amazing thread. Despite the perception that his focus on Twitter may seem silly, he has gained over 1.3 million followers and a large email list. Similarly, the hosts discuss their own experiences in taking seemingly unconventional ideas seriously, such as newsletters and creating stylish and desirable brands. By recognizing the potential and being willing to invest time and effort, they were able to achieve substantial results. It's important to prioritize what you are passionate about and not let others trivialize it, as true success can come from unexpected places.

    The Power of Attention to Detail and Purposeful Curation

    Attention to detail and purposeful curation can make a significant impact. David Pearl's apartment is a prime example of how meticulously selecting and arranging items can create a specific aesthetic and atmosphere. Everything in his space serves a purpose and has a story behind it. This level of intentionality extends to his work as well, where he has found success in a seemingly unexciting niche by executing flawlessly. Shaan Puri admires David's ability to excel in a field that many would find boring, emphasizing the importance of passion and genuine interest. Overall, this takeaway serves as a reminder that paying attention to the details and infusing purpose into our work and surroundings can lead to remarkable outcomes.

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    The Formula To Break 100 Million Views On Shorts (ft/ Jenny Hoyos)

    The Formula To Break 100 Million Views On Shorts (ft/ Jenny Hoyos)
    Episode 580:  Shaan Puri (https://twitter.com/ShaanVP) talks to Jenny Hoyos, the 18-year-old who has mastered the recipe of viral shorts. They break down her step-by-step process for creating content that pulls in over a 100M views.  Want to see Sam and Shaan’s smiling faces? Head to the MFM YouTube Channel and subscribe - http://tinyurl.com/5n7ftsy5 — Show Notes: (0:00) Intro (2:14) How to build charisma (6:35) The 4 criteria of a great idea (jumpcut) (8:48) Make it personal (14:45) Mastering the hook (17:29) Metrics  (18:52) The first frame (21:09) Foreshadowing (22:37) Storytelling in one word is “change” (25:06) The But & Therefore Rule (27:21) Building the stakes (30:43) Craft the close (32:14) Steal like an artist (33:52) Figure out who's watching (36:46) Study the channel for outliers (39:28) Where is the puck going? — Links: • Jenny Hoyos YouTube - ​​https://www.youtube.com/@JennyHoyosLOL • Charisma on Command - https://www.youtube.com/@Charismaoncommand • Miss Excel - https://www.miss-excel.com/ • Infinite Ratatouille Glitch - https://www.youtube.com/watch?v=tskvmb0HPDU • Steal Like An Artist - https://austinkleon.com/steal/ • Get HubSpot's Free AI-Powered Sales Hub: enhance support, retention, and revenue all in one place https://clickhubspot.com/sym — Check Out Sam's Stuff: • Hampton - https://www.joinhampton.com/ • Ideation Bootcamp - https://www.ideationbootcamp.co/ • Copy That - https://copythat.com • Hampton Wealth Survey - https://joinhampton.com/wealth — Check Out Shaan's Stuff: Need to hire? You should use the same service Shaan uses to hire developers, designers, & Virtual Assistants → it’s called Shepherd (tell ‘em Shaan sent you): https://bit.ly/SupportShepherd My First Million is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano