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A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

Tim Ferriss

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Tim Ferriss
Age: 47
Born: 1977
Born: July 20
Author
Businessperson
Investor
Podcaster
Technology Evangelist
Writer
East Hampton
New York
Tim Ferriss
Time
Competition
Recession
Available
Recessions
Cost
Publicly
Company
Hire
Means
Lower
Jobs
Massive
Layoffs
Best
Entrepreneur
Layoff
Mean
Companies
Traded

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A friend of mine, Derek Simmons, who's been on the podcast, said, If more information were the answer, we'd all be billionaires with perfect dads. It comes down to motivation and incentives. If it isn't a punishment or a reward, then it's just talk.
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There are no statues erected to critics.
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Lacking an external focus, the mind turns inward on itself and creates problems to solve, even if the problems are undefined or unimportant. If you find a focus, an ambitious goal that seems impossible and forces you to grow, these doubts disappear.
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Doing something unimportant well does not make it important.
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Uncertainty and the prospect of failure can be very scary noises in the shadows. Most people will choose unhappiness over uncertainty.
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To enjoy life, you don't need fancy nonsense, but you do need to control your time and realize that most things just aren't as serious as you make them out to be.
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People who avoid all criticism fail. It's destructive criticism we need to avoid, not criticism in all forms.
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You can enjoy stargazing just by going out and learning a couple constellations with your kids.
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When you elevate the heels more so than you elevate the sole of the foot, you trigger a cascade of compensations in the knees and hips that cause tight hip flexors, and then those hip flexors cause lower-back pain.
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What do you want?' is too imprecise to produce a meaningful and actionable answer.
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What you do is infinitely more important than how you do it.
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The downstream effects are unknown. Do your best and hope for the best. If you're improving the world-however you define that-consider your job well done.
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Pacifists become militants. Freedom fighters become tyrants. Blessings become curses. Help becomes hindrance. More becomes less.
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If it's important to you and you want to do it 'eventually', just do it and correct course along the way.
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Language learning deserves special mention. It is, bar none, the best thing you can do to hone clear thinking.
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If you don't have time, you don't have priorities.
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If we define risk as 'the likelihood of an irreversible negative outcome,' inaction is the greatest risk of all.
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Age doesn't matter. An open mind does.
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To have an uncommon lifestyle, you need to develop the uncommon habit of making decisions, both for yourself and for others.
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By working only when you are most effective, life is both more productive and more enjoyable. It's the perfect example of having your cake and eating it, too.
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