TIP171: THE POWER OF MOMENTS

W/ DAN HEATH

30 December 2017

On today’s show, Preston and Stig talk to Dan Heath. Dan is a graduate of Harvard University and is a Senior Fellow at Duke University. He is a three-time NY Times Best Selling author of various business books.  Dan talks to us about his newest book, The Power of Moments.

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IN THIS EPISODE, YOU’LL LEARN:

  • How to change your life and business through significant moments.
  • Which moments that can create short-term and long-term happiness.
  • How to level up on your skill set, just like a computer game.
  • Ask The Investors: What is the intrinsic value of Bitcoin?

BOOKS AND RESOURCES

  • Dan Heath’s book, The Power of Moments – Read reviews of this book.
  • Dan Heath’s website.
  • Preston and Stig’s new Bitcoin Resource.

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TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  0:02  

Hey, how’s everyone doing out there? We are really excited to bring you today’s interview because we have Dan Heath with us. Dan is a three time New York Times bestselling author of famous business books. He’s the author of “Switch,” “Made to Stick,” and also the book that we’re going to be covering and talking about today, which is called “The Power of Moments.” Dan is a graduate of Harvard and is also a senior fellow at Duke University. 

The reason we’re covering this book is because so many people in our audience are business leaders or executives. They could take some of these lessons and use them to positively influence their employees or co-workers. 

Of all the books that I’ve read in 2017, this one would definitely be in the top three that I’ve read. Not only that, but as you’ll quickly find, Dan Heath is an incredible storyteller and he has some really profound ways of explaining why the power of moments are important for business leaders to take advantage of. 

Alright, I hope you guys enjoy this interview as much as I enjoyed talking with Dan.

Intro 0:59  

You are listening to The Investor’s Podcast where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.

Preston Pysh  1:21  

I am so excited to have Dan Heath here with me. I read this book, Dan, and I can honestly say this thing was a homerun. This was such a fantastic read. I was captivated. The stories in it were fabulous. So I’m really excited to talk about this. Thank you for taking time out of your day to join us here on the show.

Dan Heath  1:41  

I appreciate that. Thanks for having me on.

Preston Pysh  1:43  

The first thing that I think when I’m looking at this book and all the stories that are in it is where in the world did you get the idea for this? What triggered your thought process to writing a book around this idea because it’s such a fascinating thing, once you start pouring into it? 

Dan Heath  1:57  

There is actually a very specific moment in time that I looked back on as the birth of this topic. My brother Chip and I were sitting in our dad’s office at his home in Durham, North Carolina. It was Christmas and we were in the midst of a discussion about a book that we later abandoned. 

This is a book we’d been working on for maybe 6 months, and in this brainstorming that day in the office, it just became clear to us that we were kind of forcing We weren’t that excited about the topic, the conversation had become the slog. 

At some point in that conversation, we got on this tangent about moments. I’m not even sure how we ended up here. I think it was just some desperate attempted procrastination, to be honest with you. 

However, we started just this whirlwind brainstorming about why it is that in virtually any length of experience that you have in life, there are a handful of moments that stand above the rest. In fact with time, those moments may be the only thing you retain from the moment.

The weird thing is that that’s true of a dinner. You might have a spectacular appetizer, a great glass of wine. It’s true of a semester in college. You might remember one professor and a particular road trip. It’s even true of your life as a whole. You talk to the people in their 70s or 90s, about their lives, and it’s easy for them to come up with a dozen moments that may have shaped who they are. 

So we started talking about just this insane power that particular moments seemed to have, that one moment might have 10X or 100X, the meaning and memorability of all the rest. So, we started brainstorming. 

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