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Jay Samit

Jay Samit

Author

Aug 28, 2026

16:48
And unless you create jobs, your own future within your second advantage, actually, it can be pretty miserable life.
16:59
There was a time most of human existence where we're all entrepreneurs.
17:04
There's nobody telling a hunter-gatherer, don't worry, I got grapes for you next week, okay? Just do this.
17:11
No, you're on your own trying to figure it out.
17:12
So it's a natural thing.
17:15
Our education system was designed to make employees, okay? cut out the creativity, learn to memorize, have enough skills so you can work for somebody else and make their dreams come true.
17:27
That makes no sense to me when you now have the ability to have your own destiny.

13 MINS LATER

30:19
How would you advise? people with say teenagers young young people who are You know thinking about their lives and planning what they're going to do next when so many jobs are going to disappear
5:02
But we do have to, to survive and thrive, we have to keep reinventing, don't we? For
5:07
most people, their parents, their teachers, their well-wishers, Push them to get the safe job because they didn't want them to have pain.
5:16
Well, growth comes from pain.
5:18
If you don't experience life, you've missed the point of being here.
5:23
You know, you don't learn anything from success.
5:25
You learn from failure.
5:27
Give somebody a winning lottery ticket.

33 MINS LATER

38:14
What could I do with my life? I mean, is it that simple? And I don't mean to be too,
2:32
But is your focus more that second act in the back end of life when people perhaps retire or just – have more time and don't know what to do, and you're seeing a relationship with longevity at that point? So when I
2:46
wrote the second act advantage, from a marketing perspective, the biggest cohort are people that, whether by choice or circumstance, are retired.
2:56
You know, corporate America is getting rid of anybody over 50.
3:02
It's going to go down to over 40.
3:04
You could have been in the military and gotten out.
3:07
You could have trade your whole life at the Olympics and come in fourth by 200th of a second.
3:12
Now it's your second act.

30 MINS LATER

33:28
But what I
29:53
[chuckles]
29:54
Okay? It was a small market.
29:56
And I remember vividly that Microsoft had a press release that they were gonna enter video games, and they were gonna spend $100 million that year getting into video games, and I basically did the sign, this, what a blackjack dealer does.
30:08
I put my hands up, clapped them, said, "I'm walking away from this table.
30:12
There's gotta be something else new." So you go to something new, and there's always something new, and I'll explain how to do it right now.
30:20
And then you put your flag in like you're an explorer, and you hold onto that turf as long as you can.
30:26
If you're a genius at, at scaling and raising money and all the things that go to be- become a multi-billion dollar company, great.

11 MINS LATER

41:57
Uh, so the question is not how do you know when to quit, but w- what is driving your decision for it's time to change, it's time to do something, it's time to take the deal?
18:50
I'm going to steal that one.
18:52
There's a law, a friend of mine, Metcalf came up with, and it's a great law when they name it after.
18:58
It's Metcalf laws.
18:59
You've heard Moore's law.
19:01
Metcalf's law is a network becomes exponentially more valuable as you add nodes to it.
19:09
So think of the internet.
19:10
If two people are connected to each other, it's a nice thing.

6 MINS LATER

25:37
So I want you to talk about losing fear for the second act, whether it's AI or getting on a plane, going to Africa and building a bridge.
13:01
Thanks for joining us.
13:03
Thanks, David.
13:04
And Larry, could have been a better segue.
13:06
When I spoke at Davos, and I've predicted job loss from AI, I was chairman, as you probably know, of one of the public AI companies.
13:14
speaker before me was the head of the international monetary fund who said 20 to 30 of all jobs will disappear over the next five years so the reasons why so many people are lined up is the jobs are disappearing 1.2 million people with high level tech experience have been laid off just this year so You don't get to choose when your second act starts.
13:40
This doesn't just mean retirement.
13:41
This means they're getting rid of the gray hair.
16:43
I mean, I think a lot of people are feeling overwhelmed right now.
6:23
[whooshing sound] Did you realize at the advent of AI that this was the second act advantage, or did it take you a while to un- put the pieces together?
6:36
So full disclosure, for the past seven years, I was chairman of one of the public AI companies, so I've played with all the tools and, and the, the, the surprise to me wasn't what AI's going to do, the speed at which you master any tool on Tuesday, there's a better tool on Thursday.
6:53
And, and that was one of the things when I was writing The Second Act Advantage, was that I realized every book that I've written, and I'm proud of my first two books, they're in over a dozen languages.
7:03
I've heard from readers in 140 countries.
7:06
It's amazing to me.
7:07
But every book, nonfiction book has two tragic flaws.
7:12
The second it goes to paper, it's out of date, and I don't know where you are in your journey.

12 MINS LATER

19:43
And then they get a big stock market surge, and the CEO looks like a genius.

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