James Altucher: Groping His Way to Success

Here are a selection of things people have said about James Altucher that you can find on the Internet:

“Hedge fund hotshot”

“the best blogger of our generation”

“i’m going to kill him and eat his remains”

“an entrepreneurial savant”

“I hope you’re not starting a cult but if you are, I want in…”

“an absolute moron”

“a genius”

Like many of the examples and case studies used in the myGreenlight curriculum, the guests on the Social Capitalist are often smooth, connected players with the right pedigree, the right suits, always ready to say the right thing. James Altucher is none of those things. His pedigree is a portfolio of astounding failures. His dress is less Wall Street than Occupy Wall Street, if the movement employed an IT guy. And above all, the things Altucher says inevitably piss off at least half the people who hear him say them.

That’s what makes it so remarkable that Altucher has grown a loyal tribe of hundreds of thousands that read his blog, opened doors to everyone from the super-secretive hedge funder Steven Cohen to Mad Money’s Jim Cramer, and built enduring relationships while reinventing himself and his career in multiple industries. He’s done it as an outsider, with an unorthodox style. And there are some powerful lessons to learn from that style:

You’re afraid. Now you have a choice: Fit in or stand out.

Much of the work world is built around your fear and giving you a way to hide from it. There will always be someone around to tell you how to fit in. Because it’s not too hard to figure out how to fit in, you’ll have no problem finding plenty of examples and advice on what to wear, what to say, and how to act. Standing out is harder. You have the choice in everything you do to stand out or fit in. Fear will always play a role in that decision. There will always be a voice in your head that tells you not to speak up, stand out and do work that matters. Altucher writes: “Fear is the enemy of honesty. Fear of losing clients. Fear of pissing off family. Fear of going to hell. Fear people won’t like you. Fear of being alone. I very much have these fears. But fear never made anyone money or anyone happier or healthier…” It’s not that Altucher isn’t afraid; he’s always afraid but he knows the choice to stand out is the only one that can bring him success. Continue reading