Alex Hormozi: A BILLIONAIRE taught me how to think like a BILLIONAIRE..

The video is about four different thinking frameworks that have served Alex Hormozi well in his entrepreneurial career, including the concept of managing dichotomies, prioritizing problems, understanding continuums versus binaries, and using first principles thinking.

This video by Alex Hormozi was published on Sep 6, 2021.
Video length: 09:52.

In this video, Alex Hormozi shares four thinking frameworks that have helped him in his entrepreneurial career.

He emphasizes the importance of recognizing dichotomies that need to be managed rather than problems that need to be solved, and also discusses the concept of a continuum versus a binary.

He believes that understanding these frameworks can help individuals get out of mental hamster wheels and make better decisions.

• Think of problems as dichotomies to be managed, not solved.
• Define and prioritize the problems you are solving.
• Recognize the difference between continuums and binaries.
• Use first principles thinking to break down problems to their fundamental truths.
• Question assumptions and beliefs to innovate and create new solutions.

A BILLIONAIRE taught me how to think like a BILLIONAIRE.. - YouTube

Managing Dichotomies

• Instead of thinking of a problem to be solved, think of it as a dichotomy to be managed.
• Conflating or mistaking what thing they are solving is a common mistake.
• Define what problems you are solving and prioritize them.
• Most people think in terms of having a problem to solve rather than a dichotomy to be managed.
• Recognize patterns and identify dichotomies that must be managed and will never be eliminated.

Prioritizing Problems

• Pause and ask what problem are we solving?
• Misprioritizing problems is a common mistake.
• Perceiving problems as threats to existence when they are a course of doing business.
• Improve problems rather than thinking you have to stop everything to fix them.
• Define what problems you are solving and prioritize them.

Understanding Continuums versus Binaries

• Continuums are a range of possibilities, while binaries are two opposing options.
• People often mistake continuums for binaries.
• Recognize that there are often multiple options between two extremes.
• Identify where on the continuum a problem falls and find the appropriate solution.
• Recognize that some ideals, such as fairness and equality, are conflicting and cannot both be achieved.

A BILLIONAIRE taught me how to think like a BILLIONAIRE.. - YouTube

Using First Principles Thinking

• First principles thinking involves breaking down a problem to its fundamental truths.
• Question assumptions and beliefs to get to the root of a problem.
• Identify the underlying principles and build solutions from there.
• Use first principles thinking to innovate and create new solutions.
• Recognize that first principles thinking can be time-consuming but can lead to breakthroughs.

Thinking Frameworks for Entrepreneurs

• Psychologically, we tend to think in binaries, but reality exists on continuums.
• Binary thinking can lead to inaccurate decision-making.
• Business problems are often nuanced and require understanding the extent of the issue.
• Asking the right questions and understanding problems as they truly are can make them more solvable.
• Mistaking a dichotomy that needs to be managed for a problem that needs to be solved is a common mental lapse.

Managing Dichotomies and Continuums

• Many problems in life and business are not binary, but rather exist on a continuum.
• Understanding the extent of a problem can help with decision-making and problem-solving.
• Binary thinking can lead to mental judgments and inaccurate decision-making.
• Managing dichotomies, rather than trying to solve them, can lead to better outcomes.
• Asking the right questions and understanding the nuances of a problem can make it more solvable.

Watch the video on YouTube:
A BILLIONAIRE taught me how to think like a BILLIONAIRE.. - YouTube