5 minute summaries
1 quote, 3 ideas & 1 question from each episode
__________
#514: Chip Wilson — Building Lululemon, The Art of Setting Goals, and The 10 Great Decisions of Your Life
The Tim Ferriss Show
19 May 2021
1hr 53mins
Owltail Summaries
1 quote, 3 ideas & 1 question from each episode
_________
#514: Chip Wilson — Building Lululemon, The Art of Setting Goals, and The 10 Great Decisions of Your Life
19 May 2021
1hr 53mins
Quote
"People don't realize that now is all there ever is; there is no past or future except as memory or anticipation in your mind."
Ideas
1
You don't want to create your future from the past. You want to create your present from the future.
We often constrain ourselves by anchoring our goals to where we currently are. I currently weigh 200 pounds and want to get to 170.
When we try and remove our current situation, we can better think about what we actually want to achieve without any constraints.
When we try and remove our current situation, we can better think about what we actually want to achieve without any constraints.
1
You don't want to create your future from the past. You want to create your present from the future.
We often constrain ourselves by anchoring our goals to where we currently are. I currently weigh 200 pounds and want to get to 170.
When we try and remove our current situation, we can better think about what we actually want to achieve without any constraints.
When we try and remove our current situation, we can better think about what we actually want to achieve without any constraints.
2
We shouldn't only be setting goals that we know are achievable.
We all know that learning through failure is one of the most important ways for us to learn.
But we also need to realise that to truly push ourselves to our limits, we have to fail.
Shoot for the moon. Even if you miss, you'll land among the stars.
But we also need to realise that to truly push ourselves to our limits, we have to fail.
Shoot for the moon. Even if you miss, you'll land among the stars.
2
We shouldn't only be setting goals that we know are achievable.
We all know that learning through failure is one of the most important ways for us to learn.
But we also need to realise that to truly push ourselves to our limits, we have to fail.
Shoot for the moon. Even if you miss, you'll land among the stars.
But we also need to realise that to truly push ourselves to our limits, we have to fail.
Shoot for the moon. Even if you miss, you'll land among the stars.
3
Everybody thinks they have integrity. But because everybody has a different definition of what integrity is, there is no integrity.
Integrity is doing what I say will do when I say I will do it, in the expected way.
And if I can't get it done, then I have to be responsible and clean up my mess and set new conditions for what is required.
And if I can't get it done, then I have to be responsible and clean up my mess and set new conditions for what is required.
3
Everybody thinks they have integrity. But because everybody has a different definition of what integrity is, there is no integrity.
Integrity is doing what I say will do when I say I will do it, in the expected way.
And if I can't get it done, then I have to be responsible and clean up my mess and set new conditions for what is required.
And if I can't get it done, then I have to be responsible and clean up my mess and set new conditions for what is required.
Questions
1
Can you think of things for the future where your past may be limiting how you think about it?
1
Can you think of things for the future where your past may be limiting how you think about it?
What else is in the episode
1
How everything that's working really well nowadays has removed the middle man
1
How everything that's working really well nowadays has removed the middle man
2
What it means to be living in the moment and how our past and future affects this
2
What it means to be living in the moment and how our past and future affects this
3
How Chip kept reinventing himself and his businesses to keep up with the times
3
How Chip kept reinventing himself and his businesses to keep up with the times
Who is Chip Wilson?
1
A billionaire, businessman and philanthropist. He has founded several retail apparel companies, most notably yoga-inspired athletic apparel company Lululemon Athletica. Most recently he's focused on curing facioscapulohumeral muscular dystrophy (FSHD).
1
A billionaire, businessman and philanthropist. He has founded several retail apparel companies, most notably yoga-inspired athletic apparel company Lululemon Athletica. Most recently he's focused on curing facioscapulohumeral muscular dystrophy (FSHD).
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