Invest Like The Best
Episode 191 Moonshots and Marketing
Invest Like The Best

Episode 191: Moonshots and Marketing

Invest Like The Best

Episode 191

Moonshots and Marketing

Rory Sutherland is the Vice Chairman of Ogilvy & Mather Group. We cover how psychological moonshots can be successful and cheap, improving a company's business by using the magic of marketing, and asking dumb questions to reach intelligent answers.

This episode is brought to you by:

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[00:02:12] – Why spreadsheets and logic kill magic

[00:05:42] – What a product/service is vs how it’s delivered and makes people feel (regular moonshot vs psychological moonshot)

[00:13:22] – Psychological anomalies – doing things faster, better, cheaper (Red Bull vs Coke)

[00:19:54] – Swiss army knife that companies should avoid

[00:22:50] – Don’t design for average

[00:24:39] – How do people approach improving their business through marketing

[00:27:30] – Case for direct mail

[00:29:22] – Turning your weaknesses into a strength

[00:34:29] – The seven deadly sins and how useful they are as guideposts

[00:37:38] – Most powerful sin for marketing

[00:39:14] – Reaching intelligent answers from dumb questions

[00:43:25] – Why the opposite of a good idea can sometimes be a good idea

[00:47:30] – Kindest thing anyone has done for him

Moonshots and Marketing

Introduction

Patrick
My guest today is Rory Sutherland. Rory is the Vice Chairman of Ogilvy & Mather Group, which is one of the largest and most renowned advertising agencies in the world. He’s also the author of one of my favorite recent books called "Alchemy: The Surprising Power of Ideas That Don’t Make Sense."

In this conversation, we explore many of his counterintuitive ideas about business. Rory makes you think as much as anyone, so I hope you enjoy this great conversation.

Maps and Miracles

Patrick
So Rory, I really toyed with where to start in this conversation, and I figured a neat place would be this idea that a spreadsheet leaves no room for miracles, and that the problem with logic is that it kills off magic. I'd love you to expand on those two great ideas because in my world of finance, we use a lot of spreadsheets.

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