Founders
Episode 262 #262 Herbie Cohen (World’s Greatest Negotiator)
Founders

Episode 262: #262 Herbie Cohen (World’s Greatest Negotiator)

Founders

Episode 262

#262 Herbie Cohen (World’s Greatest Negotiator)

David Senra is the host of Founders, where he studies history's greatest entrepreneurs. This is what he learned from reading The Adventures of Herbie Cohen: World's Greatest Negotiator by Rich Cohen.

What I learned from reading The Adventures of Herbie Cohen: World's Greatest Negotiator by Rich Cohen.

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[1:20] The Fish That Ate the Whale: The Life and Times of America's Banana King by Rich Cohen (Founders #255)

[2:42] You Can Negotiate Anything: How to Get What You Want by Herb Cohen.

[3:57] Even our heroes falter.

[6:01] Once you see your life as a game, and the things you strive for as no more than pieces in that game, you'll become a much more effective player.

[7:20] He was proving what would become a lifelong principle: Most people are schmucks and will obey any type of authority.

[7:34] Power is based on perception; if you think you got it, you got it, even if you don't got it.

[7:54] Nolan Bushnell to a young Steve Jobs: “I taught him that if you act like you can do something, then it will work. I told him, ‘Pretend to be completely in control and people will assume that you are.”  from Steve Jobs: The Exclusive Biography by Walter Isaacson. (Founders #214)

[10:30] Life is a game and to win you must consider other people as players with as much at stake as yourself. If you understand their motivations, you can control the action and free yourself from every variety of jam. Focus less on yourself and more on others. Everyone has something at stake. If you address that predicament you can move anyone from no to yes.

[14:01] Those who can live with ambiguity and still function do the best.

[14:21] Ambiguity is the constant companion of the entrepreneur.

[15:26] Don't bitch. Don't complain. Just play the cards that you've been dealt.

[20:12] Most people try to blend in. Herbie went the other way. When they zig, I zag.

[21:49] It meant Sharon had failed to understand an essential part of an ancient code. If you have a problem with your brother, you deal with it inside the family. Don't rat. Don't turn your brother in to the cops. It was another one of his big lessons. Loyalty. Without that you have nothing.

[27:03] Man’s Search For Meaning by Viktor Frankl

[30:11] When it comes to negotiating you'd be better off acting like you know less, not more.

[32:18] How Brands Grow: What Marketers Don't Know by Byron Sharp

[35:56] He believed it was good, possibly very good, and it was this belief, which never wavered, that would give him the confidence to persist despite  the rejections that were coming.

Quoting Harry Truman, he'd say, "I make a decision once."

And he'd made his decision about the book. In case of rejection, the only thing that would change was his opinion of the publishing house.

[37:01] It took 18 no's to get to a yes.

[37:37] Herbie sells his book by hand. This part is incredible.

[40:36] Back in Bensonhurst we were seeing my father as he'd been before he was our father. As he was still deep down when we weren't looking.

[43:50] I told him I did not want something to fall back on because people who have something to fall back on usually end up "falling back on it.

[47:34] You can always understand the son by the story of his father. The story of the father is embedded in the son. —Francis Ford Coppola: A Filmmaker's Life by Michael Schumacher (Founders #242)

That was the last time I saw him. His brave cheerfulness chokes me every time I recall the scene. It is impossible to imagine my father's emotions as he waved goodbye knowing that he might be on his way to London to die. Sixty years have not softened these memories, nor the sadness that he missed enjoying his three children growing up.

I felt the devastating loss of my dad, his love, his humor, and the things he taught me. I feared for a future without him.

Invention: A Life by James Dyson (Founders #205)

[52:48] Even our heroes falter.

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ”

— Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

#262 Herbie Cohen (World’s Greatest Negotiator)

Introduction

David
Dad took me to buy a car. It was to be my first negotiation, an experience akin in his mind to losing one's virginity. He made a long list in preparation for this transaction, a catalog of features my first car had to have. Each characteristic of each candidate was given a value between one and 22. According to this list, the perfect vehicle for me was a used Honda Civic with less than 70,000 miles. We looked and looked and then amazingly he balked when we actually found it. "I don't get you," I said. "It checks every one of our boxes." "You haven't learned a thing." He said. "This car has all the what, but it is seriously deficient in the how." "What are you talking about?" "Did you see all that writing? The car was covered with names, red letters on the driver's door that said, 'Bobby', blue letters on the passenger door that said, 'Barry', yellow letters on the hood that said, 'Billy', this presumably being the name of the car itself." "So what?" I said. "We can have it repainted." "You're missing the point. He said. "A schmuck owned this car."

That is an excerpt from the book I'm going to talk to you about today, which is The Adventures of Herbie Cohen: World's Greatest Negotiator. And it was written by his youngest son, Rich Cohen. So I found this book by accident. A few weeks ago, on episode 255, I reread the fantastic book, The Fish That Ate the Whale: The Life and Times of America's Banana King, which serves as a biography of Samuel Zemurray. And it's one of my favorite books that I've ever read for the podcast or otherwise, and so I decided, hey, let me go see if Rich Cohen has any other books that might be interesting to read for the podcast. And I found his latest book, which is the one I'm holding in my hand.

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