How Tim Ferriss identifies the next big thing? Understand what technical nerds and rich people are doing, and where people are patching together awkward solutions.
Andrew Huberman suggests that if you want to know what will be hot and useful in the next five to ten years, it's worth paying attention to what Tim Ferris is doing now. This is because the revolutionary concepts from The 4-Hour Body and The 4-Hour Workweek have withstood the test of time and are even gaining increased popularity. So, how does Tim Ferriss spot emerging trends and the next big thing? Here's his advice:
- Observe Tech Nerds' Side Projects: What are the technology enthusiasts or nerds doing at night or on the weekends after an exhaustive work week?
- Analyze Rich People's Current Interests: What are rich people doing now that tens of millions of people will be doing ten years from now?
- Identify Areas with Less-than-ideal Solutions: Where are people patching together awkward solutions? Is there room for some innovation there?
- Learn from Extreme Examples: Study the outliers such as racehorses, bodybuilders, elite athletes, and billionaires. These extreme cases tend to eventually influence average scenarios. Practitioners are usually ahead of the papers.
- Challenge Statements Made in Absolutes: Be skeptical of claims made in absolute terms (e.g. always, never, should). When so-called "experts" employ such language, they are often wrong.