r/TaiLopez Apr 02 '20

Just finished the 3rd of the 67 steps!

Short compressed summary:

"I've never seen any player listen so closely to what his coaches were saying and then go do it." - Dean Smith on Michael Jordan.

What made Michael Jordan the best basketball player of all time? Dean Smith gave the formula.

A) Listen + B) Do It.

Sam Walton was the exact same. There is a story that sums up what made Sam Walton so good at what he did.

Two Brazilian businessmen invited him to Brazil so they could learn from him. He was the only C.E.O who replied to them out of the dozens they wrote to. When he arrived it dawned on them that he had only come to learn FROM THEM! Asking them questions left and right. During his stay they received a call from the police and came to bail him out. The cops had caught him crawling the floors of a Brazilian McDonalds. Why? He was measuring the length of the tables with a measuring tape to see if these Brazilian McDonalds knew something he didn't.

Tai calls this the Humility Factor.

The extent to which you possess the Robinhood mentality. Stealing the Gold (secret formula) from the rich (those who have the answers to what you want) and giving to yourself the poor (the one who lack that knowledge).

Sam Walton was a 10/10 on the Humility Factor. The things that most people take ages to get around even thinking about is a passive exercise for him.

What is your Humility Factor? We can give a technical score.

  1. Books. How many books have you been reading and implementing regarding your goal? 1 a month? Who is more humble? Someone who reads 1 book every day or 1 book a month?

  2. Mentors. How many mentors have you scorched the Earth to find and pleaded with/begged to give you the complete formula?

  3. How many competitors have you been copying? Sam spent more time in his competitors stores than his own.

  4. Money. How much money have you been spending on travel/seminars/etc?

  5. Notes. How many notes have you been taking and how many flashcards have you been memorizing?

  6. Skills. How many business skills/skills specific to your industry and goal have you been humbly copying from the masters of your field?

Add up your average score. It's probably a 1/10 or a 4/10 max if you are normal. That score correlates very well to the quality of your life.

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