TIP197: THE CREATIVE CURVE

W/ ALLEN GANNETT

30 June 2018

On today’s show, Preston and Stig talk about a subject that so many want to master, but few understand where to start. The topic of today’s show is Creativity. Now, you might be asking yourself, how can I develop the right idea at the right time, and today’s guest is one of the leading experts in that field. This might be hard to believe, but Allen Gannett is only 27 years old. And as soon as you hear this interview, you won’t believe the amount of knowledge and insights he brings to the topic. In fact, Allen is so bright that at age 24, he was selected onto the Forbes 30 under 30 list. Additionally, he has created a highly successful business that’s in the field of big data analytics. For the research of his book, Allen interviewed a billionaire, one of the wealthiest members of Congress, and even CNBC host, Andrew Ross Sorkin. Click here to purchase Allen’s book: The Creative Curve.

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IN THIS EPISODE, YOU’LL LEARN:

  • Why creativity and trends are all about striking a balance between familiarity and novelty
  • How you can keep reinventing success in different fields.
  • The truth behind the 10,000 hours rule and mastering a skill
  • Why the real story of Mozart is not about a Genius, but about helicopter parenting

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BOOKS AND RESOURCES

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  00:02

On today’s show, we talk about a subject that so many people want to master, but so few understand where to start. The topic of today’s show is creativity. Now, you might be asking yourself, how can I develop the right idea at the right time?  

Today’s guest is one of the leading experts in that field. This might be hard to believe, but Allen Gannett is only 27 years old, but as soon as you hear this interview, you won’t believe the amount of knowledge and insight he has into this topic. In fact, at age 24, Allen was selected on the Forbes 30 under 30 lists.  

Additionally, Allen has created a highly successful business in the field of big data analytics. For the research of this book, he interviewed a billionaire, one of the wealthiest members of Congress that created three highly successful internet startup companies, the CNBC host, Andrew Ross Sorkin, and many other people. 

So without further delay, I’m really excited to bring you this discussion with the highly intelligent and creative guru Allen Gannett

Intro  01:05

You are listening to The Investor’s Podcast where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.

Preston Pysh  01:25

All right, so here we are with Allen Gannett. Allen, thank you so much for taking time out of your busy day to be with us. I’m really pumped to talk to you about your new book here, “The Creative Curve.” 

Allen Gannett  01:36

Thanks for having me. 

Preston Pysh  01:38

All right, so Allen, the title of the book is “The Creative Curve,” and you go into quite a bit of detail describing what this curve is. I find this quite fascinating. Can you give the audience just a quick overview of what the curve is that you’re talking about?

Allen Gannett  01:54

So “The Creative Curve” is my rebrand of a concept in psychology called the inverted U-shaped relationship between familiarity and preference, which would be a terrible title for a book. So I rebranded “The Creative Curve.”  

Basically, this is a diagram that represents the relationship of what drives human taste and preference. So we think that human tastes and preferences are this very organic, nebulous thing. How the heck can we ever figure it out? 

However, it actually turns out there’s really good science on what drives us to be interested in certain things and to like certain things but dislike other things. It all comes down to these two sort of primal urges we have.  

On one side, we crave things that are novel. This is sort of intuitive. We like new sources of food, new sources of pleasure and reward. This goes back to our hunter-gatherer days. We’re trying to find that next berry to eat or that next meal, whatever it was. That kind of makes sense. So we’d like things that are novel and new.  

However, we also have this other urge which is seemingly contradictory. We also have this urge to also pursue the familiar. The reason why is that we’re scared of things that are unfamiliar. Think about if you were a cave dweller and you saw a cave that you had never ever slept in before, and a cave, you slept in multiple times. You wouldn’t go into the cave that you’ve never slept in before. You would go to the cave you have slept in before because it’s safe. You’re not going to get harmed. 

So this seems like a contradiction. We crave things that are novel for potential reward but we also seek out the familiar for safety. It turns out that this contradiction is our brain’s really elegant way of balancing risk and reward. The things we like and the things we’re interested in are actually a blend of the familiar and the novel. They’re familiar enough to be safe, but novel enough to be interesting. 

This is why you find the most successful creative ideas actually aren’t the ideas that are ready radically new. Think about the first Star Wars, it was a Western in space. Harry Potter is literally like a very standard orphan rising story, but there’s wizards, you know? The iPhone was an iPod with a phone, right?  

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