Shadowing practice: ⁠Tim Ferriss: How and Why You Need to Cultivate the Power to Walk Away in Negotiations and in Life

Listen to the line, then say it out loud
Line 1

Full transcript

  1. It seems to me that's the main strategy in your life is capping down side.0:05
  2. So it's like, okay, you put $50 ,000 in the startup, the most you can lose is $50 ,000.0:10
  3. You spend $500 ,000 on real estate investment.0:15
  4. You're responsible for the cost of maintaining the property.0:20
  5. It's a totally different, and I think that explains your experiment thing.0:24
  6. So I'm starting a podcast, now I have to have a podcast forever.0:28
  7. You're thinking, I'm committing to six.0:32
  8. So the most, if I don't like it, the most I have to do is six episodes of something I don't like.0:35
  9. Do you know what I mean?0:43
  10. You're capping, so it's not endless amounts of losses, whether that's time, resources, happiness, money.0:44
  11. Yeah, and I always try to cultivate walkaway power with my own projects.0:52
  12. How do you do that?1:03
Show all 56 lines Show fewer lines
  1. I'll explain or try to explain why I think it's important first.1:06
  2. If I feel like I have to do something, you lose your optionality.1:10
  3. And furthermore, you begin to make decisions out of fear or guilt, which in my experience almost always turn up poorly.1:18
  4. Similar if you're making decisions out of prestige, can turn up very poorly.1:28
  5. I think I borrowed that from Maria Popova, and what she said once on the podcast.1:31
  6. But cultivating walkaway power is a function for me of A, revisiting how little you actually need frequently.1:36
  7. This is Seneca.1:52
  8. Yeah, Seneca, not Timor's, Popper's, Hutz, but I'll set aside a certain number of days each month or whatever it is to get by with the Scantist.1:53
  9. Scantist or Scantiest?2:03
  10. I always mess that up.2:04
  11. A fair, but practicing periods of poverty or making...2:05
  12. It's like being okay with a rock bottom.2:13
  13. Yeah, making and making do.2:16
  14. I just did this last week.2:17
  15. I'm making do for a while with instant coffee and oatmeal in a bag that you cook with boiling water.2:19
  16. And everything was great.2:28
  17. And granted, it's different when you do it for an extended period of time.2:30
  18. It's different if that's your only option.2:33
  19. Nonetheless, constantly revisiting and confirming how little is actually needed is number one.2:34
  20. Number two is doing fear setting, this exercise that I talk quite a lot about, which is of course borrowed directly from stoicism and cognitive behavioral therapy, which is also2:43
  21. largely based on stock philosophy of what is the term in Latin?2:55
  22. It is meditating on the possible evils or risks.3:04
  23. So I have a written format, a fear setting.3:14
  24. People can check out Tim .blog .com.3:17
  25. If you want to see what that looks like, it's all free.3:18
  26. I do that routinely.3:22
  27. So we're recording this in January 2020.3:23
  28. I did a lot of fear setting around us talking how poorly this could go.3:27
  29. How poorly this conversation with Ryan could go and how I would possibly repair an incredible reputational damage around stopping just about everything.3:32
  30. So even though I'm not seriously considering or do I feel compelled to say stop, stopping the podcast, I would write down like stop the podcast question mark.3:41
  31. What if I stopped this?3:52
  32. What if I stopped all involvement with real estate?3:53
  33. What if I stopped all travel?3:56
  34. What if I stopped and now I will go through the thought experiment of what if I completely stopped these various things categorically?3:58
  35. And when you run through the so what, so what, so what, so what for each of those, ultimately realize you're going to be fucking fine with all of them.4:09
  36. And to that extent, I think that making good decisions is often negotiating with yourself.4:19
  37. And that the person you want to have win that negotiation, and this is advice I got a long time ago, is the person who cares the least.4:29
  38. And that's not a value judgment.4:39
  39. If you have two people negotiating against each other and one feels like they have to do the deal, and the other person has 20 different batoners, best alternative to4:44
  40. negotiated agreement, and they don't give two shits whether the deal happens or not, or at the very least, they're very comfortable walking away.4:57
  41. He or she who cares the least wins.5:05
  42. And I like to cultivate the side of me that can see how little a lot of the glossy veneer aspects of life add at the end of the day5:07
  43. to like the core of what you need to feel content on a regular basis.5:25
  44. So that might be a lot of word salad at once, but those are at least some of the ways that I think about it.5:30

Practise English Speaking with a B2 American Podcast Conversation on Walkaway Power

This clip is a conversation from The Tim Ferriss Show, where Tim and his guest talk through why capping your downside, in a startup investment, a real estate deal, or a negotiation, gives you the freedom to walk away. It is rated B2 and runs at 139 words per minute, fast enough to demand real attention but not so fast that a B2 learner loses the thread, which makes it solid material for english speaking practice with something people actually said, not a script written for learners.

The accent is American and the recording is a two person conversation, so beyond the vocabulary it works as daily english conversation practice: real overlaps, one speaker finishing the other's thought, a name misremembered and corrected on the spot. It also gives you a chance at english listening practice on a topic, personal finance and decision making, that shows up constantly in real conversation.

The Language in This Conversation: Capping Losses and Making Do

A few lines from the opening are worth slowing down for before you try to speak them at full speed.

  • "If I feel like I have to do something, you lose your optionality." A dense, almost written sounding sentence dropped into spoken speech, notice how "optionality" gets no special stress, it lands as casually as any other word.
  • "Do you know what I mean?" A short, very common check in, said quickly with the stress on "mean" and a rising pitch at the end, the kind of tag that native speakers use to pause and invite agreement.
  • "I'm making do for a while with instant coffee and oatmeal in a bag that you cook with boiling water." A long, single breath sentence describing something concrete, good for practising how English strings a whole idea together without stopping, and for hearing how ordinary the word "oatmeal" sounds next to a bigger idea like walkaway power.
  • "So I'm starting a podcast, now I have to have a podcast forever." A quick, almost self mocking example the speaker invents on the spot, listen for how the pace speeds up here compared to the more deliberate lines around it.

How to Shadow This B2 Podcast Clip Line by Line

Work through the opening in a fixed order rather than jumping around, the ideas build on each other.

  • Start with line 9, "Do you know what I mean?", and line 12, "How do you do that?". Both are short, so shadow this line five times each until the rhythm feels automatic before moving on.
  • Move to line 14, "If I feel like I have to do something, you lose your optionality.", and say it slowly first, then try to match the recording's pace on your third or fourth pass.
  • Take line 27, the instant coffee and oatmeal line, and break it into two halves at "in a bag", practise each half separately, then join them back together.
  • Finish with line 6, "So I'm starting a podcast, now I have to have a podcast forever.", and time yourself against the clip, this is where the 139 words per minute pace is most noticeable.
  • Once those four lines feel steady, play the full opening straight through and shadow it without stopping, this is where you find out if your english shadowing practice actually transfers to connected speech or only to isolated lines.
  • If a phrase still trips you up, isolate it and repeat it on its own for a minute before returning to the full line, this is a faster way to improve english speaking than replaying the whole clip each time.
Download on the App Store