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Daniel Negreanu: Poker | Lex Fridman Podcast #324
You don't need to protect it as much
https://karpathy.ai/lexicap/0324-large.html#02:05:05.120
Daniel Negreanu: Poker | Lex Fridman Podcast #324
as you do once you've got something, right?
https://karpathy.ai/lexicap/0324-large.html#02:05:06.960
Daniel Negreanu: Poker | Lex Fridman Podcast #324
Once you have a brand or you have money,
https://karpathy.ai/lexicap/0324-large.html#02:05:09.360
Daniel Negreanu: Poker | Lex Fridman Podcast #324
you have something like that,
https://karpathy.ai/lexicap/0324-large.html#02:05:11.200
Daniel Negreanu: Poker | Lex Fridman Podcast #324
that's when you wanna start protecting you.
https://karpathy.ai/lexicap/0324-large.html#02:05:12.560
Daniel Negreanu: Poker | Lex Fridman Podcast #324
But in your 20s is an opportunity
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
to just really sort of get, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
to work really, really hard to set yourself up,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you know, for the future.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I am concerned a little bit,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like every time I talk to kids today,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I'm like, what do you wanna be?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
They all wanna be YouTubers or Instagram stars or rappers,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, okay, I was like, that's cool,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but like, there's only so many of those,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you know, that there can be.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So it might be worthwhile having
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
a little bit of a backup plan.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I think it's easier to be successful on Instagram
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and social media if you do something else.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And I would say this too.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
One other thing I would say is,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
don't choose a profession or an idea
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because you think it'll make you rich, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Pursue something that you actually love.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Because if you love it,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you're way more likely to become rich.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
If you don't, you do something that you don't actually enjoy.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Now you're spending a lot of your life unhappy,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
doing something you don't want,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and if you're not passionate about it,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you're probably not,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
the chances of you being successful are much lower.
https://karpathy.ai/lexicap/0324-large.html#02:06:09.600
Daniel Negreanu: Poker | Lex Fridman Podcast #324
And also becoming rich,
https://karpathy.ai/lexicap/0324-large.html#02:06:12.240
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and I've talked to a lot of rich people,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
hang out with a lot of rich people,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
is not going to be as fulfilling as you imagine.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
If you arrive there by not doing the thing
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that you love doing.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
That's true.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Ultimately, the thing that you love doing is like,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that's what makes life worth it.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
There's another quote, I can't remember who it was,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
otherwise I would quote them,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but it says something to the effect of like,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
if we believe in the lie that more is always better,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
then we can never truly arrive.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Because wherever we are, more is better, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I've never understood,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and I've been around rich people,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like you said, you know, the bill,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I never got, I can't, I don't get it.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, if you have a billion dollars,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
why do you give a shit about money at all?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, and they're still like, oh, we made this deal,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and I'm like, you know, we picked up 300,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
who cares?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, your life is set.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, there is that bell curve, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Where obviously being in poverty, you know,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
there's obviously a high rate of unhappiness,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but there's a certain amount of money where you reach,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you know, where you reach a level of happiness,
https://karpathy.ai/lexicap/0324-large.html#02:07:09.600
Daniel Negreanu: Poker | Lex Fridman Podcast #324
and then too much, you find the people
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that are searching for money to fulfill these holes,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
it starts to go back down again.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Well, the getting more money could become a game,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like a sport, that's fun to play,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
as long as you directly or indirectly acknowledge
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that what you love is the game of it,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
versus the actual attainment of money.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
And I think that's what it is, right?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
For me, I've never cared about money that much.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I just never did, otherwise I would have a lot more of it.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
But it's always, like, it's always been strange to me
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
how people that have that kind of money,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like, are cheap in any way, you know?
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, they wouldn't donate 5,000 to a worthwhile charity,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because it's like, buddy, this,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
like, when it changes your life, not,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I don't even like, like, small things, like taxes.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Like, okay, you have $20 billion,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and you're worried about paying 33%, 30% to 31.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I get it, I get the point of it all,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
but like, it literally has no effect on your life whatsoever.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Your life is unchanged, whether it's 31 or 33.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
Yeah, that's the negative of a lot of money,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
is if it corrupts the way you see the world,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you start to be protective and so on.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
I mean, part of the challenge of when you get a lot of money
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
is people start to treat you differently,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and so navigating that correctly is very challenging.
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
So don't change, remain the same person you always were,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
because if you change, you start to,
https://karpathy.ai/lexicap/0324-large.html#02:08:29.960
Daniel Negreanu: Poker | Lex Fridman Podcast #324
I mean, that's why power corrupts,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
is you get a lot of power, you get a lot of fame,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
you get a lot of money, you start to distrust people,
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
and you start to push away people
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Daniel Negreanu: Poker | Lex Fridman Podcast #324
that are actually really close to you with trusting.
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