01:15:02 · Ty Morse, Baiju Bhatt
[01:15:02] S0: like, a [01:15:03] S1: randomness to it. Yeah. Exactly. [01:15:05] S0: From what I've seen, the very... Like, the best. Used to play Magic when I was a kid. I didn't ever... I got really into Catan, and I have... Like, against people that don't really know how to play, it's probably, like, an 80, 90% win rate, which is very easy, but I would just, like, play online. But there's there's something definitely special. Like, business is not... And building companies is not... It's not guaranteed. It's it's... And it's also fun to understand that there is risk, that there is chance on some level, but then try to understand, like, where are those points of failure and then systematically, like, eliminate or lower the probability. Like, part of the reason why, you know, a really pro Magic player might have a... That type of win rate is because they understand their deck. Like, they've they've they've constructed this deck for a specific style of play. And then by the time that they're actually doing that for, I don't know, hundredth game, they know what they're doing, and they kinda understand where is the risk in my deck.
01:16:04 · Baiju Bhatt, Ty Morse
[01:16:04] S1: Yeah. And they know if they lose a game, where the mistake was. Like a basic part of this actually relates nicely to the get your failures out of the way quickly. Like a part of being successful in my opinion is being comfortable failing. Yeah. And when you play magic and especially if you're playing with decent people, like you'll lose games pretty often. Right. And how do you respond to losing? You just like move on to the next one. Right. Like you don't let it get to you And flip side also, if you're doing really well and you're winning game after game, you don't really try to let it get to you too much. I always like that aspect of it. [01:16:43] S0: Do you kind of like to remove the emotionality and just kind of look at it from more of a, like, critical view of the situation. Understand that you're not gonna win every single game sort of situation. [01:16:53] S1: Yeah. And also the broad strokes, which is like, it's a Saturday. I'm chilling. I'm doing something I enjoy doing, and I'm gonna be doing it for the whole day. And so just enjoy the day. Like, I love playing cards. You know? [01:17:06] S0: Yeah.
01:17:06 · Ty Morse, Baiju Bhatt
[01:17:06] S0: Yeah. [01:17:06] S1: And I wanna win the games, but sometimes I'll lose them. And sometimes I'll be on days where I'm like, man, I just like, you know, won five in a row or something like that. And then the other days where I, like, lost five in a row and I'm like, no. It kinda sucked. But the end of the I'm like, well, I'll just do it again. Or if I feel really salty about the fact that I lost a bunch, then I'll spend a little bit more time and, like, think about it and, like, try to, like, play again relatively soon. [01:17:32] S0: You talked a little bit about like goblin mode and some founders will go into goblin mode for maybe even years at a time where they're just completely locked in to the detriment of, you know, their family relationships or their like health or or all these other factors. But I think in order... For for most of the people that I've seen, in order to stay winning and, like, stay in the game, you kind of eventually have to go... Like, maybe the early stages of a company, you have to goblin mode it. Mhmm. But then eventually it flips back to you need to prioritize some of these other things like Pavel Durov did start working out. Brian Chesky works out a bunch. Like, you know, I think TBN talks... You know, John and Jordy love to talk with him about how much he's, like, lifting and what his, like, PRs are and [01:18:13] S1: stuff guys look like they work out too. [01:18:16] S0: Yeah. Super tall. They're super tall. John, I think, is like six four, six five.
01:18:16 · Ty Morse, Baiju Bhatt
[01:18:16] S0: Yeah. Super tall. They're super tall. John, I think, is like six four, six five. [01:18:21] S1: Yeah. I ran into them in LA. It was like at a hotel, and they were there. I was like, holy shit. You guys were that tall. [01:18:29] S0: Yep. How has your thinking kind of evolved over time on what you decide to prioritize so that you can basically just design your life to stay in the game for as long as possible without having, like, massive troughs of, like, sorrow and, you know, discomfort. Burnout. Yeah. Burnout.
01:18:46 · Baiju Bhatt
[01:18:46] S1: It's very different for me now. I have a family. I have three boys, and I have another one on the way right now. So I'm soon to be the father of four. And my boys are unbelievably fun and awesome and I love them more than I knew I had the capacity for love in my life. And so if any of them watch this in the future someday, I love you guys. And I make it a point to tell them I love them every day when I leave and every night before they go to bed. And I try to prioritize spending time with them like every day and it like kind of comes to a head right because tonight there's a meeting that I kind of want to have at 05:30 here But I I want to go home because I like want to exercise. I've got my workout from 05:30 to 06:30. And then right after that, I'll have dinner with my family and then I'll hang out my kids, you know, probably from like seven to eight ish before they go to sleep and like I'm not going to compromise on that like it's not the right thing for me to do as a human being regardless of what's going on here And that's just harder, right? But at the same time, know, rewind the clock ten years ago, like I was in the office most days until nine and I'd go home and I'd hang out with my wife for a little while and I'd fall asleep and I'd wake up at seven and I'd be back in the office at eight. And that was like that was just normal course of operating and I'd actually work out every day at lunchtime. That was my routine. And then oftentimes I'd be like pretty sweaty for the rest of the day and just be like, yeah. You got a problem with that?
01:20:41 · Ty Morse, Baiju Bhatt
[01:20:41] S0: So there's two things there. One is Jeff Bezos' idea of, like, work life harmony, where he he talked talked about, you know, you don't really want balance. Like, there's no, like, give or take. You really want something where the energy that you get from work and the thing that you're doing, you know, comes home and, like, has the same sort of vibe with the family. But also the fact that you have this very stable position in your house makes it so you can go to work with confidence and stuff. But then the other thing too is he's got this idea of like the 10AM meeting. And so if it's something... Like big decisions. Right? Like executives, the top executives at companies are basically paid to have a few right ideas or a few right decisions every year. And like Warren Buffett would famously say that probably almost all of Berkshire's growth over time has been related to maybe like 15 decisions he's made over the last sixty or seventy years. [01:21:31] S1: Yeah. [01:21:31] S0: Do you ever kind of decide, you know, it's three, four, 5PM, and you could have... There's some big decision that you need to make, but you're like, nope. I'm gonna pull that off or hold that off until the next morning