Brought to you by Wealthfront https://wealthfront.com/tim Show notes: https://tim.blog/2020/11/30/jim-collins-returns/#more-53808 Jim Collins (jimcollins.com) is a student and teacher of what makes great companies tick and a Socratic advisor to leaders in the business and social sectors. Having invested more than a quarter-century in rigorous research, he has authored or co-authored six books that have sold in total more than 10 million copies worldwide. They include Good to Great, the #1 bestseller that examines why some companies make the leap to superior results, and its companion work Good to Great and the Social Sectors; the enduring classic Built to Last, which explores how some leaders build companies that remain visionary for generations; How the Mighty Fall, which delves into how once-great companies can self-destruct; and Great by Choice, which is about thriving in chaos—why some do and others don’t. And now he’s updating his debut book, Beyond Entrepreneurship, for the twenty-first century. Beyond Entrepreneurship 2.0: Turning Your Business into an Enduring Great Company is now available. Please enjoy this round two with Jim Collins! SUBSCRIBE: http://bit.ly/1dSzTkW LINK TO ALL SHOW TRANSCRIPTS: https://tim.blog/2018/09/20/all-transcripts-from-the-tim-ferriss-show/ About Tim Ferriss: Tim Ferriss is one of Fast Company’s “Most Innovative Business People” and an early-stage tech investor/advisor in Uber, Facebook, Twitter, Shopify, Duolingo, Alibaba, and 50+ other companies. He is also the author of five #1 New York Times and Wall Street Journal bestsellers: The 4-Hour Workweek, The 4-Hour Body, The 4-Hour Chef, Tools of Titans and Tribe of Mentors. The Observer and other media have named him “the Oprah of audio” due to the influence of his podcast, The Tim Ferriss Show, which has exceeded 500 million downloads and been selected for “Best of Apple Podcasts” three years running. Connect with Tim Ferriss: Sign up for "5-Bullet Friday" (Tim's email newsletter): https://go.tim.blog/5-bullet-friday-1/ Visit the Tim Ferriss PODCAST: https://tim.blog/podcast/ Visit the Tim Ferriss BLOG: https://tim.blog/ Follow Tim Ferriss on TWITTER: https://twitter.com/tferriss/ Follow Tim Ferriss on INSTAGRAM: https://www.instagram.com/timferriss/ Like Tim Ferriss on FACEBOOK: https://www.facebook.com/TimFerriss/ Start [00:00] Jim asks me about my former entrepreneurship professor, Ed Zschau. [08:45] Jim asks what’s changed for me in the 15 years since I wrote The 4-Hour Workweek. [14:35] Dark force motivations and light force motivations [23:22] Why Jim thinks I got into Princeton, plus nuggets of wisdom from the dean [27:24] On reaching out to people who have shaped your life [32:28] Influential biographies [38:08] How Jim crafts questions that pull their weight [51:15] Bill Lazier [1:00:58] Comparing and contrasting West Point Cadets with MBA students [1:23:00] The Stockdale Paradox [1:31:42] Jim’s creativity-tracking spreadsheet, the impact of volatility, and making use of patterns [1:39:27] Breaking free from comparisons when operating at a high level [1:44:19] What is the 20-Minute Rule? [1:48:47] How Jim keeps tabs on his to-dos, stop-dos, and prep-dos without overly complicating the process [1:49:45] What does Jim’s stop-do list look like? [1:55:13] How and why Jim compiled 30 years of work into a consolidated map of concepts. [1:57:54] Companies that exemplify these concepts [2:05:41] The value of clock-building over time-telling. [2:11:58] Will entrepreneurs become the builders? [2:15:55] Rochelle Myers—“a cross between Socrates and Yoda” [2:18:01] What would you stop doing if you only had a short time to live? [2:21:12] What would Jim’s billboard say? [2:25:56] Parting thoughts on mentors, John McPhee’s Old Man Project, and Jim’s next big question. [2:27:29]