RWH029: BEYOND RICH

W/ PICO IYER

08 July 2023

In this episode, William Green chats with famed author Pico Iyer about how to create a life that’s truly richer, wiser, & happier. Pico has written 15 books & delivered 4 TED Talks that have received nearly 12 million views. Here, he shares profound & practical insights drawn from his vast range of personal experience: he’s spent decades as a travel writer; befriended everyone from the Dalai Lama to Leonard Cohen; lost everything he owned in a wildfire; & built a remarkably peaceful & productive life in a tiny apartment in Japan.

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IN THIS EPISODE, YOU’LL LEARN:

  • Why Pico Iyer relishes the calm simplicity of his tiny, uncluttered home in Japan.
  • Why he doesn’t use a cell phone & does most of his work without a computer. 
  • Why going slow has become the ultimate luxury in a world of speed.
  • How he structures his day to be most productive.
  • Why leading business executives are so receptive to his teachings on stillness.
  • Why billionaires like Ray Dalio have embraced meditation.
  • What Pico discovered when a wildfire destroyed everything he owned.
  • How Howard Marks applies the Buddhist teaching that everything is impermanent.
  • What Pico has learned from decades of friendship with the Dalai Lama. 
  • How travel shows Pico the limits of what we can ever truly know.
  • What advice he gives to youngsters on making a life & not just making a living. 
  • What the singer & Zen monk Leonard Cohen taught him about inner riches.

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.

[00:00:03] William Green: Hi there. The focus of today’s episode is a question that I think all of us can benefit from asking, what constitutes a truly rich and happy life? If you’re listening to this podcast, the chances are that you’re fascinated by the game of investing and want to play it well so you can make more money and ideally, achieve total financial freedom.

[00:00:23] William Green: That’s fabulous as far as it goes, and I love investing too, but I think we also know that the richness of our lives doesn’t really just depend on how much money we rack up or how many fancy possessions we manage to accumulate or what car we drive. In the epilogue of my book, Richer, Wiser, Happier, I caught a wonderful insight that the great investor, Arnold Van Den Berg, once shared with me when I was interviewing him at his office in Austin, Texas.

[00:00:50] William Green: Arnold, who’s in many ways my favorite role model in the world of investing, told me, “I’m the richest guy in the world because I’m content with what I have. I feel wealthier not because I have more money, but because I’ve got health, good friendships, I’ve got a great family.” He then carried on by saying, “Prosperity takes all of these things into consideration: health, wealth, happiness, peace of mind – that’s what a prosperous person is. Not just a lot of money, that doesn’t mean a thing.” I totally agree with Arnold that a truly rich and happy life has to include things like peace of mind, but the truth is it’s not that easy for me anyway to achieve or maintain my peace of mind.

[00:01:35] William Green: I almost always feel like I have too many competing demands and responsibilities to juggle, too many distractions and too much technology; too many screens for one thing, and just generally too much complexity in my life, too many things spinning in my head. I don’t know about you, but what I tend to yearn for most is not more money or more possessions, but more time and space to think, and breathe, and more simplicity, more clarity, more balance, and more calm.

[00:02:06] William Green: Nobody I know has thought so deeply about this question of what it takes to construct a truly rich and happy life than our guest on today’s episode of the podcast. His name is Pico Iyer. Pico is a brilliant author and thinker. Over the last four decades or so, he’s written 15 books and literally thousands of articles for publications like The New York Times, Time Magazine, and the Financial Times.

[00:02:32] William Green: He’s made his living primarily as a superb travel writer reporting everywhere from North Korea to Iran, to Bhutan, to Tibet. Most famously, he’s also delivered four TED Talks that have been viewed nearly 12 million times. One of his hugely popular TED Talks is titled The Art of Stillness, which is also the title of one of his books.

[00:02:55] William Green: After decades of restless travel and adventure, Pico had the wisdom to point out that the ultimate luxury may actually be to go nowhere, to sit still for a while in a world that’s moving faster and more frenetically than ever before. As he explains this willingness to take a pause, to step back from the frenzied action allows you to see the bigger picture, to pay more attention to what matters most, and to recall where your truest happiness lies.

[00:03:28] William Green: I hope you enjoy this conversation with the wonderful Pico Iyer and that it helps you to think with greater clarity about what a richer, wiser, happier life means for you. Thanks so much for joining us.

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