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5-Bullet Friday

The latest from author and investor Tim Ferriss

Hi All!

Here is your weekly dose of 5-Bullet Friday, a list of what I'm pondering and exploring.

This edition is brought to you by Incogni, which automatically removes your personal data from the web, helping shield you from fraud, scams, and identity theft. Be sure to see their offer in the P.S.

What I'm listening to

"Coreto" (YouTube, Spotify, Apple Music) by Céu (@ceu).

Short video I'm watching

"Asking 73-year-old how he got ripped." 73 years old! One of the best comments: "I aspire to be the oldest guy in the gym, not the youngest in the nursing home. He is an inspiration."

Pair it with "Shredded at 72: The Simple Routine Behind His Insane Strength."

Podcast series I'm revisiting

"The Power Broker #01: Robert Caro" by 99% Invisible, hosted by Roman Mars and Elliott Kalan. This is spectacular. I must confess with great shame that I have never finished The Power Broker, the legendary Pulitzer Prize winner by Robert Caro. Dozens of my most brilliant friends have recommended it, and I've tried valiantly, but I somehow fall short. The book chronicles the life of Robert Moses, a city planner who became the most powerful man in New York, shaping the city's politics and infrastructure.

This podcast allowed me to salvage my self-respect and dive back into what I knew to be an incredible story worth exploring. It also reignited my desire to finish the book.

When I first listened, they were capped out at three episodes, but now they have 12, including more audio with Caro himself! That means I'm super excited to listen again from the start.

Listen on Apple Podcasts, Spotify, or wherever you get your podcasts. You can find the full list of episodes here. To sample Robert Caro's incredible writing, read the "If you do everything" paragraph here.

For a cinematic impression of Robert Moses, you can find a creative variant of him in Edward Norton's brilliant adaptation of Motherless Brooklyn as Moses Randolph. The trailer is here—and the entire film—is well worth watching.

Type of arbitration I'm learning about

"Baseball arbitration." Pretty cool idea.

A summary I found helpful:

"Baseball arbitration" is named for its origin in Major League Baseball (MLB), where it was introduced in 1974 to resolve salary disputes for eligible players. It is called this because it specifically applies to the "final offer" format, where a panel must choose between the team's salary offer and the player's request.

Key details about baseball arbitration:

• Origin: Introduced in 1974 in the MLB to prevent holdouts.

• Final Offer Mechanism: Unlike traditional arbitration, the panel cannot "split the baby" or create a compromise number; they must choose one of the two submitted figures.

• Process: Both sides submit a proposed salary, and a three-person panel selects the more reasonable offer.

• Goal: The structure incentivizes both parties to submit reasonable numbers to avoid appearing unreasonable, often leading to a settlement before the hearing.

Due to this distinct "winner-takes-all" approach, it is often referred to in legal and ADR (Alternative Dispute Resolution) circles as "final offer arbitration" or "baseball arbitration."

Also, from this page:

To my mind, the most significant advantage of baseball arbitration derives from its unique feature. Since the arbitrator is directed to choose the more reasonable of two figures, it forces each side to be reasonable, at least by their own reckoning. Unlike conventional arbitration, where arbitrators may be tempted to "split the baby," thus driving the parties to extreme positions, baseball arbitration does just the opposite.

...

On the basis of my (limited) experience, I have long believed that baseball arbitration has much to recommend it as a cost-efficient way to effect final resolution.

Passage I'm pondering

"'It's dark because you're trying too hard,' said Susila. 'Dark because you want it to be light. Remember what you used to tell me when I was a little girl. "Lightly, child, lightly. You've got to learn to do everything lightly. Think lightly, act lightly, feel lightly. Yes, feel lightly, even though you're feeling deeply. Just lightly let things happen and lightly cope with them." I was so preposterously serious in those days. … Lightly, lightly—it was the best advice ever given me. … So throw away all your baggage and go forward. There are quicksands all about you, sucking at your feet, trying to suck you down into fear and self-pity and despair. That's why you must walk so lightly. Lightly, my darling."
— Aldous Huxley, Island, 1962
(Click here to share on X.)

You can complement this edition of 5-Bullet Friday with my brand-new interview with legendary children's book author Tish Rabe.

And, as always, please give me feedback on X. Which bullet above is your favorite? What do you want more or less of? Other suggestions? Please let me know. Just send a tweet to @tferriss and put #5BulletFriday at the end so I can find it.

Have a wonderful weekend, all.

Much love to you and yours,

Tim

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