#unfiltered #50 What is Your Opening Bid?

“Is your opening bid to assume trust – to assume someone is trustworthy – and to grant them the full benefits of that? Or is your opening bid to not trust, but the trust can be earned?”

Over the past weekend, my friend shared this brilliant interview between Jim Collins and Shane Parrish at Farnam Street. The same friend who recommended this podcast that catalyzed my essay on how to think like an LP. So, needless to say, when she sent me this one, I had to tune in. I’ve been a big fan of Jim for a long time, ever since one of my favorite college professors recommended that I read Good to Great. He has an amazing talent with wordsmithing – bringing seemingly incongruous concepts together in analogous harmony. So when Jim uttered the above quote, I took my Staedtler pen and 180 g/m2 paper out.

“Have you ever considered the possibility?”

Jim also shared, “Brutal fact: Not everyone is trustworthy. And the brutal fact is that some people abuse that trust.” Some people will abuse that trust. Some people will really let you down. But that, in my opinion, as well as Bill Lazier’s – Jim Collins’ mentor, is just the cost of living. That shouldn’t change your disposition in the world, but rather illustrate how much more you should cherish the ones that are trustworthy.

Jim furthered that notion with another anecdote from his mentor, Bill. “Have you ever considered the possibility, Jim, that your opening bid affects how people behave? If you trust people, you’re more likely that they will act in a trustworthy way. So it’s a double win. It’s the best people and they’ll behave in a trustworthy way. The flip side is if you have an opening bid of mistrust, the best people will not be attracted to that. If you have an opening sense of you have to earn my trust, […] some of the best people are gonna be like ‘I don’t need to put up with that. I’ll go do something else.'”

Thinking aloud

Coincidentally, a few weekends ago, one of my good friends hosted a thought lounge. The first I’ve participated after hearing about it for a few years. The purpose of which, and I quote, “is meant to be a place where passionate people come together to practice dialogue and have meaningful conversations.” Every person brings in a topic that’s designed to spark kinetic intellectual energy that each lasts for 12 minutes. And where “creative conflict” is encouraged.

It just so happens that one of the four topics that came up that day was the law of attraction. A concept that states that similar people attract each other. And that one’s thoughts can attract similar results. The more you think you will succeed, the more likely you are to succeed. And likewise the same might be true for failing. One of my fellow participants brought up a great Henry Ford quote: “Whether you think you can, or you think you can’t – you’re right.”

And it acutely reminds me of a story I once read in Tim Ferriss’ Tribe of Mentors. Robert Rodriguez, who directed one of my childhood favorite franchises Spy Kids, shared with Tim when asked the question, “If you could have a gigantic billboard anywhere with anything on it, what would it say and why?”

“I like the idea of setting impossible challenges and, with one word, making it sound doable, because then it suddenly is. So I’d choose FÁCIL! for my billboard. It’s a good reminder that anything can be done, with relative ease and less stress, if you have the right mindset. […] Attitude comes first.”

In closing

“Is your opening bid to assume trust – to assume someone is trustworthy – and to grant them the full benefits of that?”

That’s the line I need on my fortune cookie. If one day I unwittingly become a foolhardy skeptic, I want to open up a fortune cookie after a lonely meal I’ve stuffed myself to the brim on. On a quiet late night Uber ride home, thinking I’ve eaten all I can eat… I want to read that line.

My opening bid is trust. It always has been. And I hope it always will be. I know that people have taken advantage of my kindness and trust. And I know there will be more that will in the future. But I hope I never lose the optimism in my eyes.

My opening bid is still trust. What’s yours?

Photo by Marek Piwnicki on Unsplash


#unfiltered is a series where I share my raw thoughts and unfiltered commentary about anything and everything. It’s not designed to go down smoothly like the best cup of cappuccino you’ve ever had (although here‘s where I found mine), more like the lonely coffee bean still struggling to find its identity (which also may one day find its way into a more thesis-driven blogpost). Who knows? The possibilities are endless.


Stay up to date with the weekly cup of cognitive adventures inside venture capital and startups, as well as cataloging the history of tomorrow through the bookmarks of yesterday!

#unfiltered #45 Two Questions that Force Me to Face My Own Ego

“Ego is about who is right. Truth is about what is right.” – Mike Maples Jr.

I distinctly remember reading this soundbite on page 64 years ago in Tim Ferriss‘ then-new book, Tribe of Mentors. With the recent string of world events over the past few months, I’m reminded once again of this line. It’s strange to think that our most available mentors come in the form of books. Yet, every time I realize this fact, I seem to stumble upon another Eureka moment.

I was a passively-rebellious kid growing up. Though not often, there were times I would swing left when my parents said right. High school, on the other hand, did not make it any easier for my parents. As if puberty was not enough, in high school speech and debate, I learned to play the devil’s advocate on nearly everything. Frankly, it didn’t matter if they were right or not. And in more times than I am willing to admit, I found myself in trouble for not heeding my parents’ advice. Physically. But more often, emotionally. I was just emotionally antagonistic to my own wellbeing. Something I was unwilling to admit for quite a while.

We live in an era where many debates have spiraled down the path of: “If I’m right, you’re wrong” or “If I’m wrong, you’re right.” But most issues – and I might even be as bold as to say, all issues – are not nearly as binary. Debates have become arguments rather than conversations. We fail to realize great constructive conversations are never zero sum. Socratic discussions lead to nuance and a spectrum of colors that are dimensionally vast. Many of us have chosen what is the easiest for us to swallow in that moment. That soundbites resonate more than 3-hour debate. We’ve turned our attention towards ephemeral efficiency rather than robust literacy. At the same time, we need to balance complexity with simplicity. Sometimes, matters aren’t as complicated as we make them out to be. Other times, they are and possibly more so.

Someone I deeply respect once told me. “The quality of your words are determined not by what comes out of your mouth, but by how much reaches another person’s ears.” Oddly enough, we fail to use our senses in the proportions nature gave to us. Two ears. One mouth. Yet, we often act as if we have two mouths and one ear. And I am not immune to that fact.

Over the years, due to the accumulation of scar tissue, I’ve learned to abstract who from what they are saying. When I hear advice, opinions or even facts from someone I am emotionally aloof or antagonistic with, I ask myself, if someone I deeply respect said the exact same thing, would I still be as averse as I am now?

If still so, why? What are my underlying assumptions to oppose such a claim?

Similarly, if someone I deeply respect (even blindly so) says something I agree with too quickly, would this piece of advice hold the same gravitas if it came from someone with little social capital?

Of course, the above is much easier when my inner weather isn’t hormonally turbulent. But when it is, I breathe deeply thrice. And ask myself the question again. And if still turbulent, then I repeat until I’m ready to face my own ego.

Photo by Krissana Porto on Unsplash


#unfiltered is a series where I share my raw thoughts and unfiltered commentary about anything and everything. It’s not designed to go down smoothly like the best cup of cappuccino you’ve ever had (although here‘s where I found mine), more like the lonely coffee bean still struggling to find its identity (which also may one day find its way into a more thesis-driven blogpost). Who knows? The possibilities are endless.


Stay up to date with the weekly cup of cognitive adventures inside venture capital and startups, as well as cataloging the history of tomorrow through the bookmarks of yesterday!