Moonshots Podcast: Superstar mindsets and success habits

In this thought-provoking episode, Mike and Mark explore Rolf Dobelli’s The Art of Thinking Clearly, a groundbreaking book that reveals the cognitive biases and logical fallacies that cloud our judgment and influence our decisions. Packed with practical insights, this episode offers listeners tools to identify and overcome these mental traps, leading to smarter decisions and clearer thinking.

Episode Highlights
 
1. Introduction: The Paradox of Choice (Clip at 2:55)
 • Rolf Dobelli introduces the concept of choice overload, explaining how fewer options can lead to greater happiness and decision-making clarity.
 
2. Self-Deception Biases (Clip at 3:14)
 • Productivity Game breaks down four key biases:
 • Clustering Illusion: Seeing patterns in randomness.
 • Confirmation Bias: Favoring evidence that supports existing beliefs.
 • Special Case Syndrome: Viewing scenarios as exceptions to the rule.
 • Not Invented Here Syndrome: Rejecting external ideas or solutions.
 
3. Social Proof and Deception Biases (Clip at 3:32)
 • Learn about biases that distort group dynamics and decision-making:
 • Survivorship Bias: Focusing on successes while ignoring failures.
 • Selection Factor Neglect: Misinterpreting outcomes due to overlooked factors.
 • Outcome Bias: Judging decisions solely by their results.
 • Groupthink: Sacrificing individual critical thinking for group harmony.

Key Takeaways
 • Simplify Choices: Reduce decision fatigue by embracing the principle that less is more.
 • Challenge Assumptions: Avoid self-deception by recognizing biases like confirmation bias and clustering illusion.
 • Resist Herd Mentality: Protect your independence by challenging groupthink and social proof pressures.

Related Resources

📺 Watch the Episode on YouTube: https://www.youtube.com/watch?v=kAOyKByKmUc
📚 Summary of The Art of Thinking Clearly https://www.apolloadvisor.com/the-art-of-thinking-clearly/
🎓 Free Course on the Book https://www.apolloskills.com/courses/thinking_clearly
🌟 Become a Moonshot Member for exclusive content: https://www.patreon.com/Moonshots
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What is Moonshots Podcast: Superstar mindsets and success habits ?

The Moonshots Podcast goes behind the scenes of the world's greatest superstars, thinkers and entrepreneurs to discover the secrets to their success. We deconstruct their success from mindset to daily habits so that we can apply it to our lives. Join us as we 'learn out loud' from Elon Musk, Brene Brown to emerging talents like David Goggins.

hello and welcome to the moonshots

podcast it's episode

271 I'm your co-host mik Parsons and as

always I'm joined by the man himself Mr

Mark Pearson Freeland good morning Mark

hey good morning Mike and good morning

moonshots listeners uh viewers on

YouTube as well as our amazing members

and patrons subscribers Mike I'm not

going to lie to you or anybody dialing

in and tuning in today we have

I think a very clear very actionable

very reassuring episode ahead of us for

today uh you're clearly well prepared

and it would only suggest that you're

thinking clearly so Mark why don't you

reveal what Clarity is about to become

of our listeners and members well I

think the uh the Mist is clearing from

my mind my indecisions and cognitive

biases are getting out of the way as we

lean into this week's episode on Rolph

deell art of thinking clearly for those

who aren't familiar with Ralph he's a

Swiss author as well as an entrepreneur

he's got a background in business uh a

little bit of philosophy Mike that's a

moon shot's favorite for us but his book

is all essentially a guide I suppose you

could call it that helps you and I all

of our listeners and members and the

moonshots family help us avoid errors

that we might un uh

unnaturally or totally naturally I

should say

unog Mak in our days in order to Cloud

our judgment and help us make the wrong

decisions I mean Mike this is something

that I certainly probably struggle with

each day and I don't even know about

it well I can tell you mark the the art

of thinking clearly by deell is one of

my favorite reads of this year so this

is a strong recommend from Mike Parsons

and where I want to go with this is if

you like Shane Paris

greatest mental models episode that we

did some few years ago this will blow

you away this book because if you want

to make better decisions if you want to

be sort of Buffett like or Elon Musk

like this is the book for you because

the thing that struck me about this book

is as you are becoming aware of all the

different ways to

think it takes a lot of the mystery out

of tough decisions and the crazy thing

because this book has like a 100 mental

models in it for you to use and you're

like you feel like well I have to carry

this book around with me for every

decision I'm going to make in life

because until reading this book I must

have made so many bad decisions because

I was unaware of these biases and so

forth so that's all a long way of saying

if you want to think better make better

decisions this is the show for you Mark

I can't wait to jump in now you've found

a bunch of Great Clips here where do you

want to kick off the moment of clarity

that we're going to have together yeah I

I think like you say there's going to be

a lot of surprise perhaps in the way

that we all function in our day-to-day

lives without these models uh

Illuminating the right path and one of

the key areas that Ralph tries to lean

in towards is helping us uh simplify

those complex moments so this first clip

we've got is really helping you and I

and all of our listeners understand

today that sometimes this idea of choice

is not always such a good thing in fact

a paradox of choice can be totally

overwhelming so before we talk about

actionable insights and ways to help us

think clearly let's set the scene by

hearing from Ral himself help us

understand the issues with the Paradox

of

choice if you have too many options you

get

distracted um and and sometimes you have

to learn how to close doors how to close

options we have a tendency to leave all

the options open in a relationship oh

we'll have this option open and then you

know I'm married but I'm also going to

have you know little you know little

Affair here and there or I have a job

but then I have some side jobs I'm doing

side careers and or I study something

but I'm also studying three other things

on the side because it gives me options

this this this notion of having as many

options available to you as possible is

not a good one because it distracts you

it's better to close some of the doors

I'm not saying all doors except one but

close some doors because doors distract

you you can't focus a lot of energy onto

your main door into your main room then

so closing doors is important the other

one is the Paradox of choice the more

choice we have the harder it is for us

to make a decision you know if you go uh

to your

Supermarket you have an abundance of

let's say yogurts you have 300 different

choices of yogurt and you will never be

happy because you'll never be sure

whether the yogurt you pick that

specific brand you pick was the perfect

one so it makes you happier if you have

maybe three or six types of yogurt left

uh only three or six types of yogurt on

the shelf that makes you much happier

than picking out of 300 so limiting

Choice has a certain has a certain U way

of making you happier you know even

though I'm not currently living in

America you know keep one thing about

this Choice idea America is built

currently on the idea of waking up on a

Saturday morning and going to Walmart

where you are are faced with more

choices of assorted plastic formations

than you than you will ever know what to

do with but that's what people love

people love the idea of walking into

these Mega warehouses with choices for

just everything that it never ends and I

think if the typical Walmart was six

times the size of the current one they'd

love that even more yeah I think so too

it almost has something like

entertainment to me it has it's almost

like a video game you walk into a major

mega store of a Walmart and you go

around it's it's more of a game uh more

of a huge it's it's almost like watching

a movie you walk through the aisles it's

like you know watching a movie it

doesn't really add to your life to the

quality of your life it just distracts

but the people there think just the

opposite of what you said yeah yeah they

they do but you know science science is

clear on

you you much happier when you have a

limited Choice after having made a

choice uh than when you have a a huge

sample of of things to pick

from so mark this is a very good place

to start because one of the things that

we totally have within our circle of

control is how many options we want to

present ourselves with now a great

example of that is your

wardrobe um if you always spend 20

minutes looking at your wardrobe going

what am I going to wear that would tell

me you probably could call that wardrobe

and you might remember the show that we

did on uh the one thing right as a sort

of sorting uh princip of saying what is

the one thing I could do now that would

make things easier in the future and

really getting focused I think this is

all my way of saying that there are

choices that you can make there are

decisions on how many many options you

you bring to yourself what you get

focused on and this is all by this kind

of transition to being in control and

taking control and taking ownership for

the things around you not only the

stimulus coming in but how you go about

thinking and this is the power of this

book if you have made the choice to take

ownership of how you think what you

think about how you spend your time and

attention the Paradox of choice Mark

it's just one step it's one example of

what you can do in order to liberate

your mind because I think our minds are

overrun if you think about our lives

pre- internet and look at where we are

now 20 years later we have so many

notifications emails Services pings

dings and dongs like our brains are just

like going bananas so this is why mental

models matter this is why reducing the

choices simplifying and focusing I mean

this really threads so many different

ways into like what we've learned on the

show right yeah big time I mean we know

that our brains are not a supercomputer

right so naturally we do all get

overwhelmed by too much information like

you say the dings and the dongs also

right now as we record you know you got

Black Friday deals you've got Christmas

Around the Corner Thanksgiving so we're

all getting bombarded with

advertisements for new items and more

options oh do you need this TV or that

TV why then you up skill or upsize your

um your your wardrobe or all the skills

that you already know so on and so forth

so all of these opportunities from

businesses to help sell us a new product

or service equally is very very

overwhelming and you're right Mike we

talked about you know simplifying your

wardrobe so it's nice and easy when you

look in and you just see the moonshots

uh outfits of black t-shirts and yellow

backgrounds it's all very very simple

but limiting options is a real way to

help do that another thing that I read

that helps with a paradox of choice mik

which I thought was quite interesting is

embracing the idea of good enough oh

here we go yeah yeah yeah yeah so rather

than being you know and I know our

personality types Mike and our listeners

probably know as well you and I can be

maybe we've got traits a little bit of

perfectionists and you know we kind of

beat ourselves up if it's not quite

right but if you adopt a a satisfier

mindset I think is what they call it

then you can find maybe a little bit

like the happiness equation more comfort

and gratitude in the results and the

outputs of the things that you do in

order to then remove elements of other

choices because you realize oh I don't

need to worry about one two and three

instead I'm happy with how number one

turned out okay let's move on to the

next thing is that something that speaks

volumes to you Mike this idea of

embracing good enough uh well you know

that is just another great example of a

mental model that you can deliberately

take on you're going to look at your

work through a good enough model and you

would do this because you want to ship

the work and avoid being caught in this

perfectionist Loop so you never ship

anything right so that's that's sort of

the risk but you know what's interesting

like there are so many ideas in this

book like just to give you an idea we

were talking about just a couple then

there's one called the swimmer's body

illusion which is hilarious right so

people think oh look if I swim I'm going

to look like the swimmers but what he

points out is many of the reasons

swimmers look like they look is because

they biologically are better suited to

swimming so they tend to swim but we all

think if I swim I'm going to look like

them but he's like you got no chance

because you just don't even have the

biological uh starting point interesting

other ones uh clustering illusion the

recency effect uh the availability heris

the halo effect framing the Winner's

curse the planning fallacy Mark there

are so many options in how we want to

look at the world how we want to see

data how we want to make decisions and

what I want to say to you is if you

thought the great mental models by Shane

Parish was good yeah this is like

literally 99 mental models to help you

make better decisions and I I would have

to say one of the best decisions you

could make off the bat would be becoming

a member of the moonshots podcast would

you not say Mark that's right Mike

because to coin one of the other uh

phrases from within the book uh

chauffeur knowledge Mike which is one of

my favorites the idea of uh genuinely

understanding a subject rather than M

merely parting it yes the difference

here is that we actually have members

who know the subject matter these are

individuals who sign up for that piece

of information from the moonshot show

and I know that putting into practice

every single day so let me just dust off

my trumpet here you go please welcome in

all of our members who are winning each

day Bob dmar Maran and Connor Lisa Sid

Mr bonjo and Paul Berg cman Joe

Christian samuela Barbara Deborah and

lass Steve Craig Ravi and evet R niikada

Ingram and Durk vanata Marco Jet and

Roger Steph RW Diana and Kristoff Denise

Laura Smitty Mike Antonio Zachary Austin

and Fred Ola Andy Diana Margie Jasper

fabin guong and Eddie as well as our

brand new members L and saaba guys thank

you so much for joining us here on the

moonshot show we have an action-packed

show 271 ahead of us but Mike it just

keeps on giving doesn't it the moonshot

show not only do we give them a little

bit of Luna powered goodness but also

you get access to the Master Series yeah

you certainly do and a couple of newbies

a couple of fresh moonshots in in there

as well well so big shout out to you too

um coming back to the to the bookmark

it's insane to think

like the amount of wisdom that is

available to you and I really do hope

that what we're doing on the show here

for all of our listeners members and

viewers helps them see that there are so

many tools in the universe to go out and

to be the best version of yourself the

crazy thing about this book though is if

you kind of cataloge the the 99 models

they're like basically look like this

there's biases that we might have there

might be emotional triggers that we have

classic decision-making errors uh logic

pitfalls um misperceptions

fallacies uh self-identity biases risk

mistakes and behavioral economics points

of view Mark that's why I was so blown

away by this book because I was like oh

my gosh first response is how bad is my

decision making when I look at how good

he is and then when I get over the pain

and suffering there I'm like wow um one

of the big things here is like we can be

just more self-aware of how we can

deceive ourselves and beholding biases

so if you take a little bit of caution

there that can set you up like whenever

you see some data or there's a potential

problem coming and you need a solution

and answer or a decision even if the

only thing you take from this book and

this show is like pause take a breath

you have all of these starting points

which may lead to a poor decision so if

you just try and be more deliberate more

objective you can get a better result

and Mark I think this next clip that

you've got for us really kind of sets us

up to being more self-aware yeah I think

that's a great introduction Mike and

you're right with 99 models we're only

going to focus on a few key ones today

and maybe we'll bring back uh some kind

of blown out series on R's book but

today Mike you're right let's get into a

little bit of the biases from rol's book

that are going to help us really

understand this idea of self-deception

biases and social proof deception biases

so first off we're going to break in

with productivity game who's going to

introduce us to four key elements from

the book all around the idea of

self-deception

biases clustering

illusion flip a coin and chart the

result by moving a line up one for heads

and down one for Tails after 10 coin

flips you may have a chart that goes up

and to the right after a string of heads

now it would be foolish to bet that you

would continue seeing more heads than

Tails since the outcome is 50/50 and a

sample size of 10 doesn't mean much but

people make small sample size bets all

the time a person moves to a city with

long Winters after spending just 5 days

in that City in the middle middle of

summer a person buys a $2,000 treadmill

after using a treadmill at the gym just

a handful of times or a person sells all

their Investments based on a 30-day

Trend when they have a 30-year investing

time

Horizon our brains love to find meaning

and short-term Trends and rush to

conclusions we irrationally make big

decisions based on small data sets

especially if a data set supports

something we want to do which brings us

to the next item on our checklist

confirmation bias I used to stare at

stock price charts for hours searching

for buy and sell signals if I felt the

market was going to go up I always found

a bullish price pattern that signal a

buy and when I thought the market was

ready for a correction I always found a

price pattern that confirmed my fears

Warren Buffett once remarked what a

human being is best at doing is

interpreting all new information so that

their prior conclusions remain intact if

there's something you feel like doing

you will almost always find enough

evidence to support doing it if you're

in the market for new house and you have

a good feeling the instant you walk into

an open house you'll suddenly expand

your Pros list for that house and the

cons like a long commute to work or a

noisy road behind the house will

suddenly matter

less the next item on our checklist is

special case

syndrome Business Leaders go forward

with costly projects despite knowing

similar projects have failed because

they insist the next project is a

special case or an

exception investors routinely buy at

Peak Euphoria and sell when everyone

else is panicking because they insist

that what's happening now is unlike

anything in financial history but as Sir

John Templeton famously said before most

expensive words in the English language

are This Time It's

Different our next bias is not invented

here

syndrome one evening author Ro de belly

tried a new sauce recipe to go with the

fish he was cooking when his wife took a

bite she made a face and slowly scraped

the sauce off the fish Rolf didn't think

the sauce was that bad two weeks later

his wife was cooking fish and made two

sauces her tried and true sauce and a

sauce from a famous French chef Rolf

tasted the second sauce and thought it

was absolutely awful after dinner his

wife confessed the second sauce was not

from a famous chef it was the sauce that

Ralph made two weeks

earlier when we have an idea for a new

business or a family vacation we feel it

is far more brilliant than it actually

is and we are far more likely to commit

to that idea than if it came from

someone else

Rolf says we are drunk on our own ideas

to sober up take a step back every now

and then and examine their quality in

hindsight which of your ideas from the

past 10 years were truly

outstanding

exactly oh man boy have we got some

insights here so um drunk on your own

ideas this one stands out in the small

sample size

um how many times have you being pitched

an idea by someone drunk on their own

idea saying oh I've got this great idea

let me tell you about it and you know

that they haven't talk to anybody else

or they're not listening to anybody else

and they pitch you and you're like that

sounds awful

um so being drunk on your own ideas I

think we're all a bit guilty of that I

mean the other one obviously the sample

size like someone asks two people and

thinks that's how the world thinks right

um but I think the point here here that

this illustrates is the feeling I had

when I read the book which was like oh

my gosh as he reveals each of these new

paradigms and mental models and ways to

think you realize oh my gosh we are such

terrible decision machines like humans

really we're full of all these problems

like we get affected by our emotions and

the risk and what an Perfect

story of Ralph cooking for his wife and

he thought that the Second Source was

disgusting but it was exactly the same

as his recipe that they had had two

weeks before and he couldn't in the

author himself couldn't see how self-

deceived he was about his own bias does

that not tell you everything about as

long as you

realize that we're very bad decision

machines and take a step back and just

try and be more

self-aware I think that that's the big

Call to Arms here isn't it yeah I think

you're right being self-aware and also

maybe double clicking or you know sense

checking what you've decided upon you

know I like the two that you called out

Mike as well the not invented here and

this clustering illusion you know I have

actually been guilty of making a source

that I claimed was pretty good and my

wife also saying what are you talking

about you don't add you know vinegar to

Salmon you know that sort of thing um

and you you do have to check yourself

sometimes

I'm I'm going to be typically doing this

sort of behavior when I feel very

defensive maybe that's a product of

being angry or maybe it's a product of

feeling anxious or insecure whatever it

might be and often obviously on the show

we've spoken about journaling and

reflection and so on when you do look

back at your behavior when perhaps you

defended a source that was absolute

garbage or when you're only taking the

point of view of maybe two or three

people instead of going out and getting

a full sample size of of information you

do almost have to take a step back and

think okay am I doing this properly am I

really doing this with all the diligence

that I should do because more often than

not at least in my case I've probably

utilize some of those biases when I

don't want to go further and I don't

want to have to go out and talk to 20

people or I don't want to have to admit

that I'm no good in the

kitchen totally I totally know what you

mean there so where I would take this

Mark

is where do I see this kind of

self-deception uh the most and what

comes to my mind in my professional work

is the amount of people working on early

stage businesses who are self deceived

what I mean is it's the classic thing

someone comes to me with an

idea and says here's what I'm thinking

and I'm like okay how many people have

you interviewed who are customers and

how many people have you surveyed how

many prototypes have you shown them and

asked them for feedback on and it blows

me away Mark the amount of people who

say less than 10 hardly any or scarily

zero and that means that like they're

not only

self-deceiving but their chances of

creating a great product at like zero

because if you haven't validated the

problem and that you've got potential

solution why would you build anything

why would you be in this guest

guesstimation world like surely we we

only want to spend our time doing stuff

that's well thought out be it a product

or decisions in our personal lives and I

think this this book just illustrates

and makes us self-aware it's a big

wakeup call you know it's a big cold

bucket of water going boom you're full

of these bies now the crazy thing is

Mark we're riffing here and exploring

these self-deception ones but the crazy

thing is Ralph has got a whole bunch

more as well right I know he does this

next clip that we're going to have leans

in if we' just understood a little bit

about the ways that our brains maybe

naturally over life build these biases

around self-deception you're right Mike

we're now going to take it into a little

bit of a different direction we're now

going to lean into some of the biases

that rol calls out within his book that

are more around social proof deception

so let's hear from productivity game

again he's going to break down four more

of these elements with us uh within the

book to help us understand some more

fantastic

biases it's survivorship

bias behind every successful person is a

graveyard of unsuccessful people who are

silent when you drive around town you

see hundreds of stores open for business

making money but you don't see all the

businesses that came before them that

failed if you drove through town when

day and suddenly saw that half the

stores were abandoned representing the

average failure rate of a business after

5 years you might think twice before

quitting your job and investing your

life savings in a brick-and motar

business if you took up golf after

watching golf on TV you would have

unrealistic expectations and probably

quit after a few weeks golf on TV shows

the best shots from the best players who

are having one of their best days on the

course as a new golfer you would

probably enjoy the game more and

continue playing if you saw a highlight

reel of terrible shots and started

learning with realistic

expectations next up selection Factor

neglect unless you're around 6'2 in tall

have a long torso big feet and an arm

length to height ratio higher than most

people dedicating your life to becoming

an Olympic freestyle swimmer will be a

very frustrating Endeavor because you

can put in more work than someone with a

swimmer's body and never defeat them in

a race we want to believe that we can

succeed with hard work alone so we look

past prerequisite traits I.E selection

factors of top performers in select

fields we can learn most things and

Excel in many fields but we must be

careful not to emulate someone with

extreme

traits next up outcome

bias the only thing worse than emulating

an extreme outlier is emulating someone

who got extremely lucky a famous hedge

fund manager can make a string of dumb

decisions and get rich but years later

that same investor will make similar

decisions and lose everything luck plays

a Bigg part in success than we'd like to

admit if we picked a random group of 100

successful entrepreneurs only one on

average will have success starting

another business in the book rol says

you would assume that such self-starters

who are blessed with Talent a good

personal Network and solid reputation

will be well equipped to found numerous

other startups but repeat success is

rare because luck often plays a bigger

role than skill does group think our

doubts get washed away when we see a

room full of people arrive at the same

conclusion but the consensus we see is

likely an illusion if the room had just

one attractive and confident person in

position of authority who told a great

story they could have persuaded the

group to take their side however if the

group had not been subject to that

persuasive leader and anonymously wrote

down their conclusions on a sheet of

paper there probably wouldn't be

consensus never underestimate the power

of a persuasive person to get a group of

people to make irrational

decisions now the next time you're about

to commit your limited time and

hard-earned money to an Endeavor quickly

check out the eight items on the

cognitive bu check list when you are

aware of your cognitive biases you are

more likely to embrace trial periods

create backup plans and predetermine a

stopping point just in case your

forecast is wrong since you now know

that cognitive biases are prone to lead

to over optimistic forecasts it's safe

to assume that what you want to do will

take twice as long and the payoff will

be half as rewarding as you think if

something take twice as long and yield

half the reward but you still deem it

worth doing it is probably a worthwhile

Endeavor let me hit you with that list

here we go this is the bias checklist am

I overestimating my knowledge or

abilities am I seeking information that

only confirms my existing beliefs that

one's a huge one is my decision being

influenced by the first piece of

information I received am I being am I

basing my judgment on recently or easily

recalled examples am I sticking with a

decision because of past Investments not

current value am I underestimating the

time and resource needed for this am I

following the crowd without questioning

it am I judging someone or something

based on one good trait I mean I can

just go on and on these are the sort of

things you can practically do from

reading this book and isn't it

interesting as I was reading of those

how many of those did you kind of Mark

go oo yeah I've kind of done that like

it's a little it's a little

uncomfortable right I mean you know our

viewers probably couldn't see my screen

but yeah I was wincing M because again

as we're finding out with this book

there are so many biases that you're not

necessarily even aware of until somebody

points it out and you realize oh yeah

I've totally done that before I am

influenced by that first piece of

evidence maybe because it's easier

it agrees with me yeah each one of those

you're like guilty yep guilty is charged

guilty but but it kind of unravels a

little bit this is what I wanted to

really point out about the book like it

it's it's wonderful in so many ways but

it's quite confronting because you

realize how flawed your thinking truly

is yeah the the the the one that's

really stands out to me is the um

survivorship uh bias which I think is

quite an interesting one Mike because I

think when particularly when we're

looking at social media

uh overnight abs and so on I think

people compare themselves to what they

can see online and people might look at

um you know an individual like federa

and think okay well he is an amazing

tennis player um he's the best person in

the world um how can I become like him

but the truth is it takes hard work as

we were learning from productivity games

clip just then and a stat that I think

maybe we've spoken about on the show

before is that Roger feder only one 55%

of all the points he ever played

55% so even though he dominated you know

tennis for a couple of decades he's

still only won by just over 50% let me

do a build let me do a build so take the

professional sports

concept and apply survivorship

bias now what's so cool in life is all

the young boys and girls that see

professional athletes and say I want to

be like them that's

great but the survivorship bias is what

people don't realize when they say I

want to be like Serena Williams or I

want to be like Tiger Woods what they

don't see is

statistically for every Tiger Woods

there's

literally millions of people that

failed it's just like all the kids right

now that look at the NBA and go I want

to be in the NBA do you realize the

statistical chance of making it is so so

low and if you actually knew that and in

some ways it's kind of good that we

don't because you want people to Hope

into dream but the reality is like when

we are making big decisions to be aware

that actually what is the true

likelihood as opposed to oh I see lots

of pro sports on telly great there's

lots of pro sports opportunities but

actually if someone does the

math on you know

what are the chances like we should this

is really fun let's try and actually

apply your federa thing what do you

think statistically what are the chances

of of being a pro a pro tennis player oh

I mean I suppose it's going to be a

surprisingly low percentage because I

heard that tennis is now more popular in

the world than ever before okay so hit

me what What statistic what what have

you found okay here we here we go um so

what I want you to do though is is it

like 1 in a thousand okay I'm gonna say

it's one in every 100,000 okay well

you're saying like Okay one in okay

let's have a look here I'm asking the

famous chat gbt to give me a

number it's like this is like it's so

funny even chat gpts like dude the

number you're asking for is like so

insanely low

oh okay so it says the chances of

becoming a professional tennis player

are extremely low it's almost impossible

to calculate but at a

minimum at a minimum it's one chance in

every

100,000 and it's basically saying I

can't it's so low I can't even give you

a proper number yeah so this would be

not 1% not 0.1 but it's

.1%

chance that's that's the truth of it and

and you're you're right Mike we're not

trying to discourage all of our aspiring

Tennis Pros who are listening to the

moonshot show from giving it a go I

think you're right the caveat here is

we've got to go in with open eyes yeah

you've got to go in with maybe a sense

of dreaming but also a sense of realism

you need to understand as we heard you

know from the outcome bias as well there

is a part play for luck yeah sure not

every entrepreneur can have two home

runs every time um listen the number of

entrepreneurs that really struggle on

their second Venture and it's quite

confronting because they've

overestimated their own role in their

first success and not realize that

statistically that the the luck of

meeting the right person or they lucked

timing around a particular event that

was

pivotal um so that can be quite quite

challenging uh uh for them but here's

the thing though Mark what I would say

is if you use something like the social

proof um deception bias and you're aware

of

it you said this really interesting

thing like eyes wide open I think that

sets you on the stage to be resilient

and courageous because you know the

challenge is coming you know obstacles

are coming you know the valley of

darkness is a guaranteed thing because I

think part of what trips us up in life

is we weren't expecting the challenge

cuz we thought it would be easy so we

abandoned ship in like pure flight or

fight responses but we can manage that

way better if we're way more realistic

and we don't fall for the deception of

social proof right yeah I think you're

totally right and also I think the value

of knowing your

U you've got to be able to ask yourself

twice you know I know we've said it on

the show before but I love to make a de

ision and sleep on it oh totally and see

if my opinion changes by the time I wake

up yes because I find that there are as

you've already said so many distractions

in life but also there are so many

Inspirations yes so when I talk to a

colleague or I read a really insightful

or engaging uh blog post or email or if

I hear a bit of music I might change my

mind and think actually this could be

worth giving it another go right spot on

so there's a build I would do on that so

having read the book book I would say

what Ral would recommend to us is a few

additional

steps um so let's say you're like sleep

on it so you've got to your decision

there's a couple of things you could do

before that the first thing you would do

is challenge the

data so early in the decision process

when someone says here's a fact or

here's what's happening you can say well

really prove it show it to me let's

check let's verify that then you could

ask which model

of thinking would be most appropriate

for this kind of problem then when you

have your solution then you sleep on it

so challenge the data ask which model

sleep on it guaranteed better much

better decision much better path to

action um Mark I want to I want to

challenge you and say what is the

homework assignment out of the 99

possible homework assignments what's

what's yours look I think the the real

inside today was this idea of the book

being your manual to making decisions

but also specifically thinking clearly

Mike for me I am definitely guilty of

the clustering illusion as well as

confirmation biases I think my homework

will be really um challenging myself

when it comes

to uh um what's the word noticing my

first opinion yeah but not immediately

saying that's what I'm going to go with

yeah you know it's like noticing how you

feel with a bit of mindfulness in said I

think right this is my decision right

now let's put it on ice yeah let's relax

go for a run go for a walk whatever it

might be or as you've just said ask

which model I can use to test it yeah

that'll be my my homework really what

about you

Mike oh man like just

like uh pausing before really entering

into any thought process and just saying

you know which Paradox or bias am I

likely to suffer here my one is always

over optimism right bit of Wishful thing

ah it'll be great let's do it let's go

woohoo and then you're like oo this is a

lot harder than I

expected Mike are you saying that you're

giving up your dreams of becoming a

professional tennis player after the

show today I want you to be a dreamer I

was in Europe last week playing padell

so my my actual ambition is now to be a

professional padel player I can say that

shout out to my good friend yast him and

I played two young stallions

and we won

Bingo they did run us around the court

and we were like uh a little bit sore

and stiff the following day like two

geriatrics walking around with sore

backs and arms but we got the victory uh

so that's what really matters well done

that's that's the key takeaway today

there you go there you go Mark I want to

say a big thank you to you and a big

thank you to you our listeners our

viewers and our members too here for

show 271 where we studied the art of

thinking clearly by rool dobelli and

what a book it is and we really kind of

went through a couple of Big Ideas which

were just like a taster menu of what uh

the book offers in its

99 Concepts models that you can use in

your daily life and we really learned

how to overcome the social proof

deception uh that we all experience as a

bias but also overall we are self-

deceiving all the time and there's all

these pitfalls that we can run into so

if you're self-aware you'll challenge

the data you'll ask which model is best

and as Mark advised us we'll sleep on it

so we can make a better decision in life

and I think that is a true path to being

the best version of yourself which is

what we're about here on the moonshots

podcast that's a wrap