Loading summary
Scott Galloway
Support for Prop Tree comes from Viori.
Daniel Pink
Oh my God.
Scott Galloway
True story. I am wearing totally coincidentally, guess what? Viori shorts. Viori's high quality gym clothes are made to be versatile and stand the test of time. They sent me some to try out and here I am. For our listeners, vuori is offering 20% off your first purchase, plus get free shipping on any US orders over $75 in free returns. Get yourself some of the most comfortable and versatile clothing on the planet. Vuori.com profg that's V-U-O-R-I.com profg exclusions apply. Visit the website for full terms and conditions. Support for the show comes from the new season of Crucible Moments, a podcast from Sequoia Capital. What is a Crucible Moment? It's a turning point where we face a tough decision and our response can shape the rest of our lives. These decisions happen in business too, and Sequoia Capital's podcast Crucible Moments gives you a behind the scenes look, asking founders of some of the world's most important tech companies, including YouTube, DoorDash, Reddit, and more, to reflect on those critical junctures that define who they are today. Tune in to season two of Crucible Moments today. You can also catch up on season one at cruciblemoments.com or wherever you listen to podcasts.
Sponsor/Advertiser
Support for this show comes from Klaviyo. You're building a business. Klaviyo helps you grow it. Klaviyo's AI powered marketing platform puts all your customer data plus email, SMS and analytics in one place with Klaviyo. Tinned Fish Phenom. Fishwife delivers real time, personalized experiences that keeps their customers hooked. They've grown 70 times revenue in just four years with Klaviyo. Now that's scale. Visit K L-A-V-I-Y-O.com to learn how brands like Fishwife build smarter digital relationships with Klaviyo.
Scott Galloway
Episode 329329 is the area code belonging to the Hudson Valley region of New York. In 1929, the Museum of Modern Art MoMA opened in New York City. True story. I posed nude for my art class. Problem was, they didn't ask me. Go, go, go. Welcome to the 329th episode of the Prop G Pod. The Doug's on Vacation. That's right, I'm in a field running. So in place of our regular scheduled programming, we're sharing a conversation with Daniel Pink, the author of various bestselling books including the Power of Regret and when as well as the York Times bestseller Drive and to Sell Is Human. We discussed with Daniel Regret, Human Motivation and his Washington Post column, why not? He's a great storyteller, interesting concepts. It's kind of. It's like if Ted exploded or if Ted was personified, I think it'd be Daniel Pank. Anyways, with that, here's our conversation with Daniel Pank. So let's bust right into it. You wrote a book about regret, the Power of Regret. You said that the advice you give is to stay positive, look ahead, and never dwell on the past, which is harmful. Why?
Daniel Pink
Because we have completely misunderstood this emotion of regret. We've been told, as you mentioned, that we should be positive all the time, never be negative. We should look forward, not back. And that's bad advice. It goes against the science. What the science tells us is that if we don't ignore our regrets and don't wallow in our regrets, but confront them, think about them, look them in the eye. It's a transformative emotion. It helps us in a variety of ways.
Scott Galloway
Well, that makes sense. My struggle is I make mistakes every day and I can't forgive myself. And I don't know if that's regret. But where does regret become unhealthy? In a source of depression where you can never get out of the past?
Daniel Pink
Well, I mean, there's a big difference. So when it's a source of depression, that's a medical issue. What I'm writing about here. I'm not a doctor, so I can't opine on the medical dimensions of it, essentially what we should be doing. And I think there is some relation in how the scientific ways to deal with regret are actually very similar to cognitive behavior therapy, which is essentially not looking at your emotions as who you are, but as something that is going on, as something that is going on in your life, that is to examine them. And so when you talk about reckoning with regret, one of the first steps is something called self compassion. And self compassion is in some ways a triangulation between self esteem and self flagellation. We tend to believe that lacerating self criticism is the way to get us to perform better. And there's no evidence of that. There's also very little evidence that kind of constantly patting yourself on the back and boosting your self esteem is good. What seems to be good is the work that Kristin Neff has done at University of Texas on self compassion, which is essentially treating yourself with kindness rather than contempt, recognizing that mistakes, setbacks, regrets are part of life. And Then using that as a stepstone to thinking about your regrets. One of the things we see in the research on self compassion is that people have a very many people, particularly high achieving people, have a very difficult. They talk to themselves in ways they would never talk to anybody else. So if I were probably to harness your self talk, all right, we were to use those, those headphones you're wearing now and create this magical thing that allows me to hear what you're saying to yourself, especially in the face of a mistake. It would probably be brutal, it would probably be lacerating, it would probably be cruel. And chances are you wouldn't say that to somebody else. And so what the research on self compassion tells us is don't treat yourself better than anybody else, but don't treat yourself worse than anybody else because it's not effective.
Scott Galloway
So all this just makes all sorts of sense, right? I've always said that. And one of my things, it's like three of my last five New Year's resolutions have been to forgive myself. What is the actual cognitive behavior? The exercises to get better than this, Logically it is impossible rationally, logically, not to agree with you. What are the actual behavioral modification techniques, techniques for getting there?
Daniel Pink
I'll give you an example. Okay. Because this goes to some of the other ways that we deal with regret. What seems to be a very effective technique on a whole range of things is what's known as self distancing. There's a psychological phenomenon known as Solomon's paradox, which is that we human beings are pretty good at solving problems, but we tend to stink at solving our own problems because we're too close to them. So a way to be more compassionate to yourself is to, is to say what you would say to someone who is telling you what you're telling yourself. So if you had a friend who was telling themselves, you're an idiot, you're an imposter, you don't deserve to be here, you're worthless. What would you say to that person? I mean, what would you say to that person?
Scott Galloway
You'd say, for God's sake, stop it and list off some positive metrics.
Daniel Pink
That's the kind of thing that you can say to yourself. There are other great self distancing techniques. There's one of the best decision making self distancing techniques is when you're stuck on a decision is to ask yourself, what would I tell my best friend to do? That's a great, very specific practical tip. In a business setting you can use the old Andy Grove technique where he said when he faced a tough decision back when he was the CEO of Intel, he would ask himself, if I were replaced tomorrow, what would my successor do? And he almost always knew. And so the idea here in the research on self distancing is that when we tackle our own problems, our own issues, we tend to look at them like scuba divers. And what we should be doing is looking at them like oceanographers, getting above them. And there are ways to do that. There's research showing that actually you can improve your performance. If you want to talk about self talk, you can, you can improve your performance by talking to yourself in the second person or the third person, you know, instead of asking yourself, what should I do? Say what should you do? Or better, what should Scott do?
Scott Galloway
In an effort to understand the difference between unproductive and productive regret, have you been able to reverse engineer productive or unproductive regret to any sort of identity or experience, gender, the way you were raised, your approach to life?
Daniel Pink
Not really. I mean, I can answer that question in two different ways. Number one is that for this book, what I did is I did two things. I did the largest public opinion survey ever conducted on American attitudes about regret, trying to identify whether there were demographic differences in how people experience regret or what they regretted. So looking at everything from race, from education level, even things like introversion, extroversion, belief in God, et cetera, et cetera, the one demographic difference that came out in this public opinion research was had to do with age. And what it showed is that people in their 20s had about equal numbers of regrets of action and inaction. That is in the architecture of regret, you can regret something you did, you can regret something you didn't do. People in their 20s had roughly equal numbers of regrets of action and inaction. But as people age, the inaction regrets take over. When you get to be your in your 40s, certainly 50s, 60s, 70s, inaction regrets outnumber action regrets by three and a half, four to one. So that's a big, that's a big difference in the content of what people regret. But when you look at things like do men and women have different regrets? There's some evidence, there's modest evidence showing some differences. In my research, I saw a tiny little bit, not that much on race, a little bit on education level. I found that people with large amounts of form of formal education actually had more career regrets than people with less formal education, which sort of is superficially surprising, but perfectly understandable because if you have more education, you have more opportunities, which means you have more opportunities foregone. And so the demographic differences in what people regret were not massive. Now, I also did a piece of qualitative research where we collected regrets from 26,000 people around the world. And there I found that around the world people seem to have the same four core regrets that go deeper than simply a regret about a career, a regret about romance, a regret about health, a regret about finance. Go deeper than those, those surface domains of life.
Scott Galloway
Are these the four you talk about in your book? Foundation, boldness, moral and connection. Can you say more about those?
Daniel Pink
Sure, sure. So the four regrets. So again, we have this pretty remarkable database of regrets from 134 countries. The survey was up in, in, in Chinese, it was up in Spanish and obviously was up in English. And the four regrets that people around the world seem to have are exactly as you say, foundation regrets. Small decisions people make early in life that accumulates a terrible consequences later in life. I spent too much and saved too little and now I'm broke. I didn't exercise or eat right and now I'm profoundly out of shape. So that's, that's a foundation of regret. A boldness regret is a very big category of regret. You're at a juncture in your life and you have two choices. You can play it safe or you can take the chance. And overwhelmingly, when people don't take the chance, they regret it. Now that's not true for everybody there. There are plenty of people who take a chance and it goes south on them and they regret it. But they are massively outnumbered by people who didn't take the chance. And again, what's interesting here is that it doesn't matter the domain. So I have hundreds of people who regret not asking somebody out on a date. Hundreds of people who regret not traveling, not starting a business, not doing something that required a little bit more boldness than they were willing to offer up at the time. Third category, moral regrets. Another time, when you have a choice, I can take the low road, I can take the high road, I can do the right thing, I can do the wrong thing. And overwhelmingly, most people most of the time regret doing the wrong thing because most people are decent and most people want to be decent, and most people feel crappy when they're not decent. And then the final one are connection regrets, which are about relationships, and not only romantic relationships, but the full spectrum of relationships in our lives. So you've got a relationship that was intact or should have been intact, say with a friend, or with a sibling, or with a parent. Or whoever, and it comes apart. And in many cases, the way these relationships come apart is unexciting and undramatic. They just kind of drift apart. Somebody wants to reach out, they don't because they think it's going to be awkward and they think the other side's not going to care. So it drifts apart even more. And so those are the four regrets. Foundation regrets, if only I'd done the work. Boldness regrets, if only I'd taken the chance, Moral regrets, if only I'd done the right thing and connection regrets. If only I'd reached out. And it's remarkable consistency all over the world in the way people talk about these regrets and the content of their regrets.
Scott Galloway
I love this type of research. In addition to yours, I read a lot of what my colleague at nyu, Adam Alter, has written about palliative care and end of life, and it fits to everything you're saying. The only. The only thing we haven't talked about, and it's sort of a mix of all of them or an alchemy of all of them, is that people. The number one regret I've read is that people wish they'd been less hard on themselves. They'd wish they'd forgiven themselves. And that is one of my favorite sayings that's gotten me through a lot of hard times, is nothing is ever as good or as bad as it seems. And that when you look back on your life, you won't be as upset about the thing that happened to you. You'll be upset about how you responded to it. Your thoughts.
Daniel Pink
I think that's generally right. I mean, that's. That is essentially the underlying philosophy of the underlying theory of cognitive behavior therapy, which is basically how you respond to it. It's also essentially an element of Stoic philosophy, which has become incredibly popular now. And so. But I mean, the other thing. I mean, you know, I think what's interesting about these regrets is, you know, interviewing people about their regrets is that when people tell you what they regret the most, they're telling you what they value the most. And so what we know from these four regrets is that people value stability. They value growth and learning and not wasting their time on the planet. They value goodness and they value love. And I think that's very consistent with some of the other research we know that we have on human flourishing, part of which tells us that ultimately, at the end of our lives, what's going to matter to us is, did we have people in our lives who loved us and did we love other People, period, full stop. I mean, that's. If you look at the research, if you look at the grant study at Harvard, this lengthy multi decade longitudinal study of human flourishing, that's what it shows. And I think what's interesting about this research on regret and in general is also to your point, Scott, is most decisions we make in a given day don't really matter all that much. And I think this is why it's important to think about our regrets. You probably made 100 decisions yesterday and it's today and you don't remember most of them, but there are decisions and indecisions that you made, that we made. Human beings made each of us a year ago, five years ago, 10 years ago, 20 years ago. That not only do we remember them, when we don't remember most decisions we made yesterday, not only do we remember a decision or indecision from 20 years ago, but it bugs us. That's a very strong signal that's telling us something. And so we have a choice. We can either plug our ears and say, nope, I'm going to be positive all the time, or we can say, oh my God, I'm the worst person in the world and let it topple us. Or we can say, huh, that's interesting. That's a pretty strong signal. Let me listen to this signal. Let me use it as data. And when we do that, there's a lot of evidence showing that regret can help us on a whole range of different things. It can help us become better negotiators, better problem solvers, avoid cognitive biases, strategize better find more meaning in life.
Scott Galloway
We'll be right back. Support for profit comes from Mint Mobile. You might feel like paying a ton of money for your phone plan. Every month is just an inevitable part of life like fender benders and bad haircuts. But there's actually nothing inevitable about it. Mint Mobile may have a way around that painful monthly bill. Right now, when you purchase a new three month phone plan with Mint Mobile, you'll pay just $15 a month. That's it. No strings attached, no sneaky fine print, just a great deal. All Mint Mobile plans come with high speed data and unlimited talk and text delivered on the nation's largest 5G network. You can even keep your phone, your contacts and your number. You can get this new customer offer and a three month premium wireless plan for just $15 a month by going to mintmobile.com profg that's mintmobile.com profg. You can cut your wireless bill to 15 bucks a month at mintmobile.com profile Prof. G $45 upfront payment required equivalent to $15 a month new customers on first three month plan only. Speed slower above 40 GB on unlimited plan. Additional taxes, fees and restrictions apply. See Mint Mobile for details. Support for Prof. G comes from Masterclass all right, I need all the procrastinators to listen up. Are you still looking for the perfect holiday gift for that loved one who's hard to shop for? Here's an idea and bonus it requires no gift wrapping A Masterclass subscription Masterclass is the streaming platform that brings invaluable insights from the world's greatest mind straight to you. According to Masterclass, 88% of members say they feel it has made a positive impact on their lives. That means that this gift has the potential to last a lifetime. Plus, there's no risk. Every new membership comes with a 30 day money back guarantee. Personally, I'd recommend I loved watching or hearing from Martha Stewart and Bob Iger. I mentioned business and I mentioned Martha Stewart's story. Masterclass always has great offers during the holidays, sometimes up to as much as 50% off. Head over to masterclass.com Prof. G for the current offer. That's up to 50% off@masterclass.com ProfG masterclass.com ProfG support for the show comes from the new season of Crucible Moments, a podcast from Sequoia Capital. Did you know that YouTube started as a dating site? Probably not, because it didn't go well. So how did the company pivot from that failure to become the household name it is today? On this season of Crucible Moments, they're going to give you an inside look at that story and more, offering an unvarnished history of some of tech's influential companies told by the founders themselves. You can Hear how losing $35 million led the founder of service now to start his own company, or how a Reddit founder ended up returning to the company just to save the site from itself. Hosted by Ruev Botha of Sequoia, Crucible Moments provides a behind the scenes look at some of the most tumultuous and defining milestones in tech history. He connects with the founders and they reflect on those pivotal inflection points and how sometimes those moments of turmoil become moments of triumph. Tune in to season two of Crucible Moments now. You can also catch up on season one at cruciblemoments.com or wherever you listen to podcasts. I think of you as the motivation guy. I I first came across your work. I was excited that you Agreed to come on the pod because I remember literally 10 or 15 years ago, I stumbled upon this video where you used an animation to kind of brilliantly and succinctly. I'm sure you know the video, it went everywhere. And that was. I feel like that was sort of an inflection point for you. You were became kind of the kind of owned motivation. Your book drive. The surprising truth about what motivates us. I loved the way you broke it down. Autonomy, mastery, and purpose. Can you say more about those three pillars of the motivation stool?
Daniel Pink
Sure. I mean, what we know about, especially motivation at work, is that we sort of have this head fake going on. We think that a certain kind of reward, what I call if, then rewards are the secret to effective motivation. If you do this, then you get that. If you do this, then you get that. And we have now 60 years of research showing us that if, then rewards are pretty good for simple tasks with short time horizons, but not that effective for complex tasks with long horizons. And that for complex tasks with long horizons. What we want to do in the workplace especially is pay people well and then, as you say, offer them those three things. Autonomy, mastery, and purpose. So autonomy is, do you have some control over what you do, how you do it, when you do it, where you do it? Mastery is, are you getting better at something that matters? Are you making progress in something meaningful? And purpose is, do you know why you're doing it? Are you making a difference in the world? Are you making a contribution in your own little terrain? And those are the things that actually lead to enduring motivation. These. If then rewards are like. It's like, I mean, you can keep shoveling coal into the furnace, but it burns up pretty quickly. But these autonomy, mastery, and purpose, which form sort of the trifecta of intrinsic motivation, lead to enduring high performance.
Scott Galloway
And what are the enemies of motivation? I was default to the word now. You want to write a book, just start. So many people come up to me, I want to start a podcast. I want to write a book. I'm like, okay, start. Other than that, I don't know what advice to give you. What are the killers of motivation?
Daniel Pink
Well, I mean, there are all kinds of killers of motivation. I mean, part of what it. Part of it is. I mean, what you're talking about in a way, is. Is procrastination, which is a problem of emotional regulation. They sort of have this inchoate desire to. To write a book, but they don't want to deal with the discomfort of sitting down and writing the first Sentence. Because that's really painful, you know. And so I actually think that your advice to just start is right. I think what you want to do is you want to try to change. You want to offer people some scaffolding and some structuring on that. So, you know, if you want to write a book is set out in your calendar today, 15 minutes to start writing, and then do 15 minutes tomorrow, and then do 15 in your calendar 15 minutes the next day and then expand that and over and over and over. That's how you write books. I mean, I've written seven books. Do you think I would If I were to have waited until I was inspired to start writing, I wouldn't have written a word. I've written. I was able to. I'm able to write books because I care about what I'm writing, but also because I show up in my office at 8:30 and write and do my job. And then I do it the next day and the next day and the next day. And I do it even on the days that I don't feel like doing it. I do it on the days, especially on the days I don't feel like doing it. It's like, it's like the famous Julius Irving quotation. It's like being a professional is doing what you love to do even on the days you don't feel like doing it.
Scott Galloway
Let's talk about that. What is your process? It sounds like one. It sounds like you go into an office, but when you're writing a book, that's kind of, I think, what you're known for. What's your process? You've written seven books. How do you, is there, could you offer anyone some structure around how you get these things done?
Daniel Pink
I look at writing books like a blue collar job. I think of it as being a bricklayer. And so what I do in terms of the actual execution of the book is I'm talking to you from my garage office. I live 22 steps in that direction. I'm in Washington D.C. this is my garage office. All right. Pinking World headquarters is a converted one car garage. And at 8:30 in the morning, when I'm writing a book, I come into this office and I give myself a word count. It varies depending on where I am in the process, but I'll give myself a word count. 600 words, 700 words. I don't bring my phone with me in the office. I don't open up my email. I don't watch ESPN highlights. I don't do anything until I hit that number. And then when I hit that number, I'm liberated to do other stuff, but nothing until I hit that number. Some days I hit that number at 10, 30, 11 other days I don't hit it till late in the afternoon and those are crappy days. But I don't do anything until I hit that number. And then I do it the next day. And then I do it the next day. So if you want to have process, it's not anything exalted. It's not like I sit in the corner over here with a smoking jacket on listening for God to dictate sentences to me. No, I show up in my workspace and I do my work.
Scott Galloway
You're a dad? My understanding is two daughters and a son. What is your work on motivation, regret. How does that change your approach to parenting?
Daniel Pink
I think I'm a pretty autonomy supportive parent to use that kind of technical language. So I try to support my kids autonomy so not be directive too directive about what they have to do. Now the underlying fact here is, is that, I mean, we have 50 years of evidence that the effect of parenting on kids, especially their intellect and their personality, is very small. So you know, the unhappy fact of genetic research for many parents is, is that identical twins raised apart are more similar in intelligence and in personality than fraternal twins raised together. So you know, arguably the most important things that a parent gives a kid, in my view, especially in America, are jeans and a zip code. If you look at the work of Raj Jetty, the most important thing a parent gives a kid are jeans and a zip code. Now again, when we're talking only about their outcome, I mean, you know, I gave my kids jeans and I gave my kids a zip code. But more important than anything else, I love them more than anything in the world. And whether that has an effect on their outcome, I don't know. But you know, it's what parents do. But I think a lot of parents are mistaken about how much control, how much effect they have over who their kids become.
Scott Galloway
And what about being a good partner? What about being a good husband?
Daniel Pink
When it comes to regret, I think it's really important to talk to your partner or even your kids about your own regrets. That is a lot of times people sit with their regrets. They, they think that somehow they're the only one who doesn't have who has, who has those regrets. And there we have ample evidence showing that writing about your regret or talking about your regret, it can be quite effective because it's an unburdening, it's a sense making. And the other mistake that we make, this is true not only with our kids and with our partners, but out there in the world, is that we mistakenly believe that when we talk about our mistakes or our screw ups or our setbacks, that people will think less of us. When in fact we have some good evidence that people think more of us, that they admire our candor, they admire our courage. So I think one thing you can do with partners and with kids is talk about your regret. But not in a self flagellating way. Talk, you know, say here's something I regret, here's what I learned from it and here's what I'm going to do about it. And that's a good way to normalize it and it's a good way to treat regret as, as facts, as, as information, as signal, as data. That's really the key.
Scott Galloway
We have a lot of young people to listen to the pod. And I look at, you know, I look at your life and it strikes me, doing something really cool, really interesting. You make a good living. Can you provide any advice around in terms of your lived experience? When you were a younger man, what did you do well? What did you not do? Well, if for someone out there who thinks, I want to be a great storyteller and make a really good living at it, I want to be Daniel bank, what advice would you give to someone? Maybe avoiding some of the mistakes or maybe getting there, although you've gotten there pretty quickly, what advice would you have for someone who says, I want to. I want to be the next Daniel Bank?
Daniel Pink
I would say get a better goal than that for starters, because that is, that is a, that is honest. That is a terrible goal. Being another Scott Gallery, being another ex as a terrible, awful goal. That's the first. And I would say that with, with a degree of harshness. I would say, you don't want to be the next blank, you want to be the first you. Beyond that, you know, I mean, among the things that I've. Some of the things that I did right and some of the things that I did wrong, among the things that I did right were that at a certain point, young in my life, relatively young in my life, I kind of stopped caring about what people thought about me. And I felt that earlier in my life I was fairly concerned about what people thought about. Did they think I was cool, did they think it was smart, did they think it was accomplished, and so forth. And then I came to this startling revelation about what people thought about me. And that was they weren't thinking about me. Nobody was thinking about me, because everybody's thinking about themselves. And so that was like a great, liberating moment. So don't think too much. Don't think. Don't care about what other people think. That's. That's the most important thing. I'm, you know, the rest of it, I think, is pretty standard. It's like I'm a. You know, if you outwork people and you take more shots on gold than people, than most people, you're going to be all right. I mean, if you. If you don't care what people think, you outwork them, other people, and you take more shots on goal, you're going to be all right. I mean, I can't tell you how exactly it's going to happen, but it's going to be all right. The other thing that I would tell people is forget about planning in any kind of detailed way. One of the things that I suggest that young people do is that they find a Scott Galloway. They find someone who's doing something cool, someone in their 50s or whatever, who's doing something cool, who's doing something interesting. Oh, my God, that'd be so great to have a pie. Oh, it'd be so great to do that. And I'd say, talk to that person and ask them how they got there. And I say, I guarantee you that 49 out of 50 interesting, accomplished people answer the question like this. It's a long story, because it was failure, it was circuitous, it was unplanned, there was serendipity, there was good luck, there was bad luck. And so, you know, if you, again, outwork, take more shots on gold, don't care what people think, be generous, do great work, you're going to be fine. Truly. I mean, you really are. I mean, it's easy. You know, it's easy to say from the vantage point of someone who is 60 years old, but it's true. The one thing that I didn't do well, Scott, I think I relied too heavily on myself throughout my life, especially professionally. And I never, like, someone says, who's your mentor? I said, I don't have a fricking mentor. I never had. I never had a great. I never had, like, a mentor. I know. Not because, like, people weren't kind and generous to me. It's because I was sort of too arrogant to think that I needed something like that. And so one of the things that I could have done a better job on is finding mentors seeking advice from a wide range of people doing a better job of working through other people rather than simply do everything on my own. That's one thing that I could get better at in the next chapter of my life.
Scott Galloway
We'll be right back.
Daniel Pink
Foreign.
Scott Galloway
Comes from Toyota look, we're all tired of the endless multitasking. Sometimes you need to take the time to close the tabs in your brain and relax. One way to do that is by taking a luxurious drive, and in a Toyota Crown, every drive is a captivating experience for the senses. The Toyota Crown family comes with the quality and reliability that Toyota is known for, along with bold and elegant exterior styles. The Toyota Crown sedan has an available hybrid max powertrain with up to 340 horsepower and comes with an available bi tone exterior finish to help you stand out on the road. And the Toyota Crown Signia gives you the space you'd expect from an SUV with a stylish design unlike any other. Whether you're a daily commuter or a weekend road warrior, make any drive a thing of beauty with the Toyota Crown. Learn more today@toyota.com toyotacrownfamily toyota let's go places support for propig comes from netsuite. Running a business means dealing with a lot of unknowns. Is the market up or down? Are interest rates climbing? What about inflation? That's why so many businesses turn to NetSuite by Oracle to stay ahead. With tools for real time insights and forecasting, NetSuite helps nearly 40,000 companies stay ready for whatever the future may bring. NetSuite combines accounting, financial management, inventory, HR and more into one simple platform offering a single source of truth. They say you can get real time insights and data you can use to make the right decisions faster than ever before. And with its scalable cloud infrastructure, NetSuite supports your growth at every stage, from startup to global enterprise. So as your business assesses how AI impacts their bottom line, you can get ahead of the curve and stay focused on what's coming next with NetSuite by Oracle. Speaking of AI, you can download the CFO's Guide to AI and Machine Learning at netsuite.com pro. The guide is free to you at netsuite.com Prof. Nedsuite.com Prof. Support for Prof. G comes from Hydro. If you have a fitness fanatic in your life, you might be struggling to find a great gift for them. Sure, you could grab some dumbbells, but they're probably already absolutely ripped. And more than likely they're also set on protein powder for the next decade. But what if there was something out there that could supercharge their workout, delivering full body fitness they won't get anywhere else. Meet the Hydro rower in just 20 minutes, the hydro rower can hit 86% of your muscles, making it the ultimate total body workout. It combines strength training with cardio and does it without the high impact force that can lead to injuries. I think rowing is arguably the best exercise in the world. I don't think there's any more efficient way to literally get kind of cooked and have a great workout in gosh, 10 minutes, 20 minutes max. And the hydro experience kind of mimics the actual experience of pulling an oar through water. You can give the gift of a full body workout all from the comfort of home with hydro. Head over to hydro.com and use code PRPG to save up to $475 off your hydro. That's H Y--R-O-W.com code PRPG to save up to four hundred seventy five dollars hydro.com code PRPG foreign you're part of a year long project with the Washington Post opinion section called why Not. I want to talk about some of the things that your readers or some of the ideas that your readers responded especially strongly to. The idea of paying teachers $100,000 a year. You said that left turns and the busiest intersections should be banned. And in another column you pose the question or you suggested that on your birthday you should give other people presents. So pick any or all of them and say more.
Daniel Pink
So the column, as you mentioned is called why Not. We take ideas that seem to be out of the realm of possibility and say, well, why not? So let's pay teachers a minimum salary of $100,000 a year. We're losing too many good teachers. Teachers are not respected enough. So let's put our money where our mouth is and actually pay teachers a minimum salary of $100,000 a year. I got an amazing amount of love and amazing amount of hate from that, from that column, which is a good sign. People saying this is the greatest idea ever. Other people saying, what are you talking about? No teacher is worth that amount of money. So that's one. The best idea in my view is banning left turns in the busiest intersections in the busiest cities. And this seems nutty, but there's a guy at Penn State, an engineer at Penn State, he's done huge numbers of papers on this. And essentially in the busiest intersection, first of all, in the busiest intersections of the busiest cities, we have incredible numbers of collisions and actually a shocking number of deaths and injuries in Those particular places we also have. It also contributes massively to pollution and climate change. And so if we just ban left turns, even if it requires some people to make three right turns, what the evidence shows is that everybody gets to where they're going faster because instead of accumulating these, you're stuck behind some. I live in Washington, right? I'm driving up Wisconsin Avenue and there's some schmo in front of me who's turning left, and I'm stuck waiting behind him as he turns left onto Albemarle or wherever. All right? And so. But if you eliminate that all the way through, people will get where they're going faster. The math on this is inexorable. And also we know that UPS in its tracking software generally requires its drivers to make three rights rather than one left because it saves massively on time and on fuel. And then there's giving presents on your birthday rather than receiving presents on your birthday. I think it's a nice. I think it's a nice tradition. I did it on my 60th birthday, basically as a way to bomb my existential crisis of turning 60. And so what I did is I found, you know, 90 something people in my life who I was grateful for, and I created these custom pencils because I love pencils, as you can see. I see I'm holding a pencil right here and. And I gave people these set of three pink pencils with a note telling them that I valued them in my life and I was glad to have them in my life. It was a. It was a cool, meaningful thing to do and I sort of skated past the existential dread of that day.
Scott Galloway
I like that I just drank a lot.
Daniel Pink
So they're not mutually exclusive.
Scott Galloway
There you go. Here's pencil as a drink stirrer. You've been in the media game mostly through books for a while. I'm curious, how do you see, how is the changing or the shifting media landscape? You're technically a creator. I don't know your presence on social media. How is the media landscape, Is the changing media landscape been good or bad for Daniel Pink? And how are you adapting what you do based on changes in the media landscape?
Daniel Pink
You know what, it's a great question, Scott. And whether it's good or bad for me, I don't know. I mean, it's harder to contend with because what you have is. You have this kind of perfect storm here where the barriers, to forgive the cliche, but what you have is the barriers to entry are essentially zero. To create stuff and then the shelves on which the stuff sits are infinite. Okay? And then you have something, a device that allows you access to all that stuff, and you carry it on your person all waking hours. That's a big freaking deal. And that's very different from when I was. When I started out 25 years ago. And so for me, you know, I'm trying to. I spend very little time on social media. I spend very little. I just don't like it. I don't find it interesting. But I think that things like podcasts are extraordinary. When I promoted my first book, I did a radio satellite tour. When I promoted my last book, I did 138 podcast interviews. All right? That's a different media landscape. I think that video and TV is actually really, really interesting right now. So, you know, if I were to. I did a television show on a cable. On a cable network, you know, eight or nine years ago, I don't think I'd do that again. If I were to. If I were to create a new television show, I would go straight to YouTube. And I think that that is. I think that's. I think that's super. I think that's super interesting. And so. So, you know, is it good for me? Is it bad for me? I don't know, but it is for me. And so you have to deal. But it's been a big change, I have to say. And I also think that books have changed, Scott. I think that books are not. I'm a writer, so my muscle memory, my instinct, when I have an idea is to write a book. And I am actually trying to check that impulse because that might not be the best vessel, the best expression of that set of ideas, that set of arguments, a set of stories. It might be something in another medium. So that's how. That's some of the ways that I'm trying to adapt to this new media landscape.
Scott Galloway
Daniel Pink is the author of various bestselling books on a range of topics, including human motivation, the science of timing, and creativity. His books include the New York Times bestsellers the Power of Regret, A Whole New Mind, and When, as well as the number one New York Times bestseller Drive and To Sell Is Human. He currently has a column with the Washington Post called why Not? He joins us from. You're in D.C. is that right, Daniel?
Daniel Pink
Yes, sir.
Scott Galloway
So this was such a nice moment for me because I remember seeing your video and thinking, I want to be like that guy. I just want to do cool work that inspires people and.
Daniel Pink
But you're doing it now. Man.
Scott Galloway
Well, I know, but you and others were a big part of that. I just very much appreciate your work and it's had an impact on me. It's really, quite frankly, it gave me a lot of motivation because it was inspiring. So keep on trucking, my brother. You're doing a great job. This episode was produced by Jennifer Sanchez and Caroline Shavran. Drew Burrows is our Technical Director. Thank you for listening to the Prop G Pod from the Vox Media Podcast Network. We will catch you on Saturday for no Mercy, no Malice as read by George Hahn. And please follow our Prop G Markets pod wherever you get your pods for new episodes every Monday and Thursday.
Sponsor/Advertiser
Support for this show comes from the aclu. The ACLU knows exactly what threats a second Donald Trump term presents and they are ready with a battle tested playbook. The ACLU took legal action against the first Trump administration 434 times and they will do it again to protect immigrants rights, defend reproductive freedom, safeguard free speech and fight for all of our fundamental rights and freedoms. Join the ACLU today to help stop The Extreme Project 2025 agenda. Learn more at aclu.org.
Podcast Summary: The Prof G Pod with Scott Galloway
Episode: How Regret Motivates Us — with Daniel Pink
Release Date: December 19, 2024
Guest: Daniel Pink, bestselling author of The Power of Regret, When, Drive, and more.
In this episode, Scott Galloway welcomes Daniel Pink to discuss the intricate emotion of regret and its role in human motivation. Drawing from Pink’s extensive research and his book The Power of Regret, the conversation delves into how regret, often misunderstood, can serve as a powerful tool for personal growth and decision-making.
Daniel Pink challenges the conventional wisdom that advises people to remain perpetually positive and avoid dwelling on the past. He argues that this mindset ignores the scientific understanding of regret, which, when properly confronted, can be transformative.
“[03:23] Daniel Pink: Because we have completely misunderstood this emotion of regret... It’s a transformative emotion. It helps us in a variety of ways.”
Scott Galloway relates personally, sharing his struggle with forgiving himself after daily mistakes, prompting a discussion on when regret becomes unhealthy, potentially leading to depression.
Daniel Pink distinguishes between healthy regret and pathological regret:
He emphasizes the importance of self-compassion, advocating for treating oneself with kindness rather than engaging in self-criticism or excessive self-praise.
“[04:02] Daniel Pink: We should confront our regrets, think about them, look them in the eye... self-compassion is treating yourself with kindness rather than contempt.”
Through extensive research, Pink identifies four core categories of regret that are consistent globally:
“[10:33] Daniel Pink: The four regrets are foundation, boldness, moral, and connection. These are remarkably consistent across 134 countries.”
Pink outlines practical strategies to transform regret into a positive force:
Self-Distancing: Viewing one’s problems objectively, as if advising a friend.
“[06:58] Daniel Pink: One effective technique is self-distancing—asking yourself what you would advise a friend in your situation.”
Self-Talk in Second or Third Person: Enhancing performance by changing the internal dialogue.
“[07:04] Daniel Pink: Improve performance by talking to yourself in the second or third person.”
These methods align with principles of cognitive behavior therapy, promoting a healthier relationship with one’s emotions.
Pink posits that the nature of our regrets reveals our core values:
He connects this to broader research on human flourishing, indicating that meaningful relationships are paramount to life satisfaction.
“[15:58] Daniel Pink: Regret helps us understand what we value most—stability, growth, goodness, and love.”
Shifting focus, the conversation delves into Pink’s earlier work on motivation, particularly the concepts of autonomy, mastery, and purpose as the pillars of intrinsic motivation.
“[19:51] Daniel Pink: Autonomy is control over one’s work, mastery is the pursuit of excellence, and purpose is the sense of contributing to something larger.”
Pink critiques traditional “if-then” reward systems, advocating instead for fostering environments that support these three elements to sustain long-term motivation and high performance.
Addressing common motivational challenges, Pink advises:
“[21:05] Daniel Pink: Writing books is like a blue-collar job. Show up daily and meet your word count before doing anything else.”
This disciplined approach mirrors his personal habits in writing and underscores the importance of persistence.
Pink extends the discussion of regret to personal relationships and parenting:
“[26:49] Daniel Pink: Talk about your regrets with your partner, not in a self-flagellating way, but as a means of sharing and learning.”
He emphasizes that sharing regrets can strengthen relationships and provide valuable insights into personal growth.
Pink reflects on the evolving media environment and its impact on authors and creators:
“[37:28] Daniel Pink: The barriers to entry are essentially zero, and the shelves are infinite. It’s a different media landscape, and I’m adapting by exploring podcasts and video content.”
He acknowledges the difficulty in maintaining visibility but remains committed to leveraging new media formats to reach audiences.
Concluding the episode, Pink shares personal reflections and advice for aspiring writers and creators:
Be Yourself: Encourage authenticity over attempting to replicate others’ success.
“[27:27] Daniel Pink: Don’t want to be the next Scott Galloway; want to be the first you.”
Seek Mentorship: Highlighting his own shortfall in not having mentors, Pink advises seeking guidance to enhance personal and professional growth.
Embrace Failure: Recognize that setbacks and failures are integral to achieving meaningful success.
Scott Galloway wraps up by expressing admiration for Pink’s work and its impact on his own life. The episode underscores the profound role that understanding and effectively managing regret plays in personal development and sustained motivation.
Notable Quotes:
This episode offers a deep exploration into how regret, when appropriately managed, can serve as a catalyst for growth, improved decision-making, and stronger personal relationships. Daniel Pink provides actionable strategies and profound insights, making it a valuable listen for anyone seeking to harness their regrets constructively.