Jimmy Wales, Founder of Wikipedia, on Homeschooling, Atheism, Understanding Financial Markets, Ayn Rand, Favorite Books, and More (#528)

“Imagine a world in which every single person on the planet is given free access to the sum of all human knowledge.”
— Jimmy Wales

Internet and technology entrepreneur Jimmy Wales (@jimmy_wales) is founder of the online nonprofit encyclopedia Wikipedia and cofounder of the privately owned Wikia, Inc., including its entertainment media brand Fandom, powered by Wikia. Jimmy serves on the board of trustees of the Wikimedia Foundation, the nonprofit charitable organization he established to operate Wikipedia.

In 2019, Jimmy launched WT Social—a news-focused social network. In 2006, Jimmy was named to Time magazine’s list of the 100 most influential people in the world for his role in creating Wikipedia.

In 2021, inspired by his family quiz nights during COVID-19 lockdown, Jimmy created Quiz Night Beyond—a website where people can create and play quizzes online with family and friends wherever they may be.

Please enjoy!

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Brought to you by You Need A Budget cult favorite budgeting app, Athletic Greens all-in-one nutritional supplement, and Helix Sleep premium mattresses. More on all three below.

The transcript of this episode can be found here. Transcripts of all episodes can be found here.

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#528: Jimmy Wales, Founder of Wikipedia, on Homeschooling, Atheism, Understanding Financial Markets, Ayn Rand, Favorite Books, and More

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What was your favorite quote or lesson from this episode? Please let me know in the comments.

SCROLL BELOW FOR LINKS AND SHOW NOTES…

Want to hear an episode with someone who might be as optimistic as Jimmy Wales? Listen in on my conversation with venture capitalist Mike Maples, Jr., the man who taught me to invest. We discussed anti-authoritarian disruption technology, parenting advice, acting simple, investment advice, how cryptocurrency helps separate politics from economics, a 60-second idea for changing the world, lessons for aspiring entrepreneurs, the pointlessness of holding grudges, and much more.

#286: The Man Who Taught Me How to Invest — Mike Maples

SELECTED LINKS FROM THE EPISODE

Connect with Jimmy Wales:

Website | Twitter | Facebook | WT.social

SHOW NOTES

Where did Jimmy grow up, and what did his family life and education look like in the early days? [05:22]
How did Jimmy’s free-range schooling inform how he thinks about education for his own children? [09:12]
How might a parent prepare to homeschool a curious kid who might be too far ahead of the curve for a traditional education? [10:41]
Why Jimmy would label himself more as a non-believer than an atheist, and how he came to a point of religious disbelief after being raised Methodist and carrying out a flawed experiment involving Santa Claus and G.I. Joe. [12:13]
What did Jimmy aspire to be when he was growing up? [17:08]
What was it that compelled Jimmy to study finance and markets? [18:37]
Were there any investors who Jimmy looked up to at this time? What influenced the way he built his portfolio in these early years?
What wisdom about building a portfolio does Jimmy wish he understood when he was younger, and what investor could have imparted such wisdom? [20:01]
When and how did Jimmy’s interest in Objectivism enter into the picture, what does he see as the most common myths and misconceptions about its creator, Ayn Rand? [22:18]
Whether or not you agree with the points Ayn Rand (or anyone) is trying to make, Jimmy considers critically thinking them through — rather than just picking a side based on a knee-jerk impression — to be the important thing. [24:46]
How Usenet was hijacked by its own design, why Twitter succumbs to many of the same problems, and how Jimmy hoped Wikipedia could be designed as a vehicle for healthier human discourse. [26:42]
Recommended reading. [32:30]
How did Jimmy go from finance and markets to founding companies? [36:14]
When was Jimmy able to leave his finance job behind and dive fully into entrepreneurial endeavors? What made this possible? [42:04]
How was Jimmy’s company discovered by a major television network, and how was their symbiotic deal established? [47:24]
With a lot of great ideas but only a limited number of resources, how did Jimmy choose what shots to take when setting out in the world of tech startups during the dotcom boom? [50:35]
When the deal fell through, was Jimmy’s company able to use the momentum it had built, or did it have to start from scratch in altering course? What sacrifices had to be made in order to weather the storm, and how did these hardships affect the direction taken by the nascent Wikipedia? [54:06]
Why did Wikipedia thrive while Nupedia became an internet footnote? [1:00:30]
How did Jimmy first come across the wiki software that would provide the building blocks for Wikipedia? [1:05:22]
What were some of the early decisions that made Wikipedia catch in its first few months? [1:07:37]
Were there any significant mistakes made in the early days of Wikipedia that either ended up needing to be fixed or that, like a vestigial tail, have remained in the system? [1:11:42]
The Steak Knives Analogy: why it’s better to design for the benefit of nice people rather than for the deterrence of bad people. [1:16:57]
What motivates great Wikipedia contributors, and how are they kept happy? [1:20:25]
What organizational decisions aim to cultivate a positive contributor culture? [1:22:19]
Has Jimmy always been a self-described “pathological optimist,” or was it something he had to work at? [1:00:00]
Does Jimmy have any practices to help him stay the course of optimism if he loses his way? [1:28:23]
Aside from Wikipedia, what other projects occupy Jimmy’s time at present? What’s the inspiration and purpose behind his new Quiz Night Beyond website?[1:30:25]
What would Jimmy’s billboard say? [1:40:35]
Parting thoughts. [1:42:06]

MORE JIMMY WALES QUOTES FROM THE INTERVIEW

“Imagine a world in which every single person on the planet is given free access to the sum of all human knowledge.” — Jimmy Wales

“You wouldn’t know it from watching TV debates or going on Twitter, but most people are pretty reasonable and will say, ‘Look, I disagree with this, but it should be presented in a fair way that the defenders of it would identify.'” — Jimmy Wales

“I’m a pathological optimist, so I always think everything’s going to be great. That’s not correct, by the way; everything is not always going to be great. But that’s the way I feel and approach things.” — Jimmy Wales

“If you design for the worst people, then you’re failing design for good people.” — Jimmy Wales

“A great Wikipedian, in my view, is someone who really takes seriously the values and ideas of Wikipedia, like neutrality for example, quality for example, reliable sources. And they take all those things as more important than any particular, say, political opinion they might have.” — Jimmy Wales

“We’ve got a lot of problems on this planet. We need as many smart, educated people to figure them out as we possibly can.” — Jimmy Wales

“Try not to be a troll on the internet.” — Jimmy Wales

Listen to the episode on Apple Podcasts, Spotify, Overcast, Stitcher, Castbox, Google Podcasts, or on your favorite podcast platform.

PEOPLE MENTIONED

Related and Recommended

The Tim Ferriss Show is one of the most popular podcasts in the world with more than 900 million downloads. It has been selected for "Best of Apple Podcasts" three times, it is often the #1 interview podcast across all of Apple Podcasts, and it's been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out this page.

Hey to whoever on Tim’s team may be reading this,
Just commenting to suggest that classical musicians are a largely untapped sector of guests that are a clear fit for the show’s topic of World-Class Performers. Classical musicians especially clear the bar of avoiding people who got a lucky break and just spew survivorship bias BS – a consistent high level of performance is demanded to make it from one top institution to another in their education and then career. Further, it’s a compelling change of pace that most classical musicians are chasing not the wealth or international stardom that top performers in sports or business achieve, but simply a comfortable living doing what they love.

If this sounds at all worth pursuing, I’d especially advocate for reaching out to Barbara Butler, trumpet professor at the Shepherd School of Music at Rice University. Barbara Butler has had a long career of performing and teaching (at the Eastman School of Music, Northwestern University, and now Rice) and is indisputably among the best trumpet teachers of all time. Among auditions for major orchestral positions in North America in the past decade or so (these positions are scarce and the auditions highly competitive) you can divide the winners between those who studied with Barbara and those who didn’t, and her students have taken a ridiculously overwhelming share. She is an extremely compelling speaker and her ideas are broadly applicable outside the realm of classical music.

I have no skin in the game here beyond a little desire for my field to get some representation. I don’t have any personal relationship with Barbara and don’t even play the trumpet, I have just had the privilege of observing some classes she held and found them to have life-changing value – I think many of your listeners may find the same.

Thanks for all you do!

7 Replies to “Jimmy Wales, Founder of Wikipedia, on Homeschooling, Atheism, Understanding Financial Markets, Ayn Rand, Favorite Books, and More (#528)”

Sam Slivinski says:

August 25, 2021 at 10:10 am

Hey Tim (or whoever handles your Blog comments!),

Currently exiting the machine shop I co-founded and I am looking to start a podcast surrounding the question “what is success?” I was wondering if it would be possible to have a five minute conversation with you about it and get some perspective on someone who has been successful in that area. I understand if you do not have the time, I know you have quite a lot going on!

Miguel Santiago says:

August 25, 2021 at 9:20 pm

Hey Tim, love the show! Read the Third Door earlier this year and was absolutely fascinated by Alex’s story about Elliot Bisnow. Any chance you’ll get him on the podcast? Thanks!

deansdesk1 says:

August 30, 2021 at 5:25 pm

Another interesting guest of Tim’s who has to tell us how much he hates Trump. This so diminishes a guest to me, if they have to share their vitriol for anyone, no matter what side they are on, it de-legitimizes their emotional maturity in my eyes. Disappointing.

1. Red Meyer says:
  
  August 31, 2021 at 8:06 am
  
  While I don’t disagree with your statement, what concerns me more is Wikipedia’s tendency to warp information it does not like.
  
  For instance, it’s managed to erase the credibility of a key mRNA vaccine scientist, and tar the reputations of many reasonable individuals. Even Wikipedia cofounder Larry Sanger admits the site has become more one-sided than ever.
  
  Pairing this underlying reality with its mission for “healthier human discourse” is troubling to say the least. As they say, “the road to hell is paved with good intentions.”
  
  That said, we can learn plenty from everyone. I look forward to listening to this episode.
  
Classical Musician says:

September 2, 2021 at 11:21 am

Hey to whoever on Tim’s team may be reading this,
Just commenting to suggest that classical musicians are a largely untapped sector of guests that are a clear fit for the show’s topic of World-Class Performers. Classical musicians especially clear the bar of avoiding people who got a lucky break and just spew survivorship bias BS – a consistent high level of performance is demanded to make it from one top institution to another in their education and then career. Further, it’s a compelling change of pace that most classical musicians are chasing not the wealth or international stardom that top performers in sports or business achieve, but simply a comfortable living doing what they love.

If this sounds at all worth pursuing, I’d especially advocate for reaching out to Barbara Butler, trumpet professor at the Shepherd School of Music at Rice University. Barbara Butler has had a long career of performing and teaching (at the Eastman School of Music, Northwestern University, and now Rice) and is indisputably among the best trumpet teachers of all time. Among auditions for major orchestral positions in North America in the past decade or so (these positions are scarce and the auditions highly competitive) you can divide the winners between those who studied with Barbara and those who didn’t, and her students have taken a ridiculously overwhelming share. She is an extremely compelling speaker and her ideas are broadly applicable outside the realm of classical music.

I have no skin in the game here beyond a little desire for my field to get some representation. I don’t have any personal relationship with Barbara and don’t even play the trumpet, I have just had the privilege of observing some classes she held and found them to have life-changing value – I think many of your listeners may find the same.

Thanks for all you do!

Z says:

September 3, 2021 at 7:38 am

Hi Tim! I’m a fellow austinite! That was an amazing episode. Thank you for providing a constant source of inspiration through your podcast interviews. On a side note, I’ve been following Brent Underwood’s journey of living in Cerro Gordo, an abandoned California ghost town that he purchased in 2018. He’d be a great person for you to interview next! Here’s a link to his youtube channel. [Moderator: YouTube link removed to preclude video appearing as embed.]. Cheers!

Girish jha says:

October 8, 2021 at 11:56 pm

hey there!!! not Seen any show but will definitely gonna watch this . Actually its my first visit here and I love this stuff. Will surely gonna listen to the episode on Apple Podcasts.