How To Stop an Anxiety Spiral, The Best Protections Against Financial Ruin, and a Workaholic's Guide to Productivity (and Self-Care) | Andrew Ross Sorkin - Ten Percent Happier Recap
Podcast: Ten Percent Happier
Published: 2026-02-06
Duration: 54 minutes
Guests: Andrew Ross Sorkin
Summary
Andrew Ross Sorkin explores the human nature behind financial crises, personal finance stability, and productivity tips, including Transcendental Meditation and time management.
What Happened
Andrew Ross Sorkin, a prominent journalist and author, delves into the motivations behind his latest book on the 1929 stock market crash. He examines how human nature, rather than economic systems or regulations, primarily drives financial booms and busts. Sorkin notes that the crash was significantly influenced by FOMO and emerging technologies of the time, such as automobiles and radio.
Sorkin emphasizes the importance of avoiding excessive debt for financial stability, a lesson learned from observing Warren Buffett's investment strategy, which focuses on understanding and avoiding FOMO. He highlights that 60% of Americans are invested in the stock market, leaving a substantial 40% who are not, pointing to the need for better financial literacy.
For managing anxiety and mental spirals, Sorkin adopts the mantra 'Would it help?' from the movie 'Bridge of Spies', which he finds useful for maintaining composure. Additionally, he practices Transcendental Meditation (TM), a method different from Buddhist mindfulness, to manage stress and anxiety, particularly before public speaking engagements.
Productivity is another focus for Sorkin, who uses calendar blocking to manage his tasks effectively. This system involves scheduling every task, even minor ones, and using timers to avoid procrastination. However, he admits that this regimented approach can sometimes hinder spontaneous interactions and serendipity.
Sorkin also shares his approach to requests and commitments, advocating for the 'polite no' to ensure his priorities remain intact. He stresses the importance of frugality and detailed budgeting in maintaining personal finance hygiene.
The episode touches on the balance between personal disclosure and maintaining professional detachment, especially in journalism. Sorkin's new book, alongside his previous work 'Too Big to Fail', reflects his deep engagement with themes of financial stability and human behavior in economic contexts.
Key Insights
- Human nature, driven by FOMO and emerging technologies like automobiles and radio, played a significant role in the 1929 stock market crash, rather than economic systems or regulations.
- Transcendental Meditation (TM) is used as a stress management tool by Andrew Ross Sorkin, differing from Buddhist mindfulness practices, particularly effective before public speaking.
- 60% of Americans are invested in the stock market, indicating a need for improved financial literacy among the remaining 40% who are not participating.
- Calendar blocking, a productivity method involving scheduling every task and using timers, can enhance task management but may limit spontaneous interactions.