Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:00
This episode is brought to you by Tegas, the
0:02
modern research platform for leading investors
0:04
and the provider of Catalyst. Tired
0:06
of calculating fully diluted shares outstanding?
0:09
Access every publicly reported data point and
0:11
industry-specific KPI through
0:13
their database of over 4,000 drivable
0:16
global models hand-built by a team
0:18
of sector-focused analysts, 35-plus industry
0:21
comp sheets, and Excel add-ins that let
0:23
you use their industry-leading data in their own spreadsheets.
0:26
Tegas' models automatically update each quarter,
0:29
including hard-to-calculate KPIs like
0:31
stock-based comp and organic growth rates,
0:33
empowering investors to bypass the friction of
0:35
sourcing, building, and updating models. Make
0:37
efficiency your competitive advantage and take
0:39
back your time today. As a listener,
0:41
you can trial Catalyst by Tegas for free
0:44
by visiting tegas.co. Hello
0:49
and welcome, everyone. I'm Patrick O'Shaughnessy,
0:52
and this is Invest Like the Best. This
0:54
show is an open-ended exploration of markets,
0:56
ideas, stories, and strategies that will
0:59
help you better invest both your time and your
1:01
money. Invest Like the Best is part of
1:03
the Colossus family of podcasts, and
1:05
you can access all our podcasts, including
1:07
edited transcripts, show notes, and
1:09
other resources to keep learning at joincolossus.com.
1:15
Patrick
1:15
O'Shaughnessy is the CEO and founding
1:17
partner of Positive Sum and the CEO
1:19
of O'Shaughnessy Asset Management. All
1:21
opinions expressed by Patrick and podcast
1:24
guests are solely their own opinions
1:26
and do not reflect the opinion of Positive Sum
1:28
or O'Shaughnessy Asset Management. This
1:31
podcast is for informational purposes only
1:33
and should not be relied upon as a basis for
1:35
investment decisions. Clients
1:38
of Positive Sum or O'Shaughnessy Asset Management
1:40
may maintain positions in the securities discussed
1:42
in this podcast.
1:47
Almost exactly a year ago, Colossus entered
1:49
into a partnership with David Senra and the founders
1:51
podcast to join the Colossus Network. The
1:54
show has exploded since with more devoted
1:56
fans than any podcast that I've encountered. With
1:59
that in mind, we are excited to share an example
2:01
episode from his show here today on
2:03
the director James Cameron. It's my personal
2:05
favorite recent episode of David's. I
2:08
also want to mention that David and I will be doing our
2:10
first and probably only live show together
2:13
in New York City on October 19th during
2:15
Tech Week at Webster Hall. Tickets
2:17
are selling pretty fast, so if you're interested in joining
2:19
us, you can check out the link in the show notes. Now,
2:22
please enjoy his episode, and if you haven't already,
2:24
subscribe to Founders.
2:28
After
2:28
James Cameron's avatar made $2.7
2:31
billion, the director found the
2:33
deepest point that exists in all of the Earth's
2:35
oceans and dove to it.
2:37
When Cameron reached the bottom of the Mariana Trench,
2:40
he became the first person in history to descend
2:42
the 6.8-mile distance solo.
2:45
Since then, others have followed. Most
2:48
prominently, a private equity titan
2:50
and former Naval Reserve Intelligence
2:52
Officer turned explorer named
2:54
Victor Vescovo,
2:56
but Cameron is adamant that none
2:59
have surpassed him. Vescovo, Cameron
3:01
told me, claimed that he went deeper, but
3:03
you can't, so he's basically just making
3:06
shit up. Vescovo disagrees. I
3:08
have a different scientific perspective, he
3:10
told me diplomatically, but even
3:12
he is a fan of Cameron's films. Like
3:15
Cameron, Vescovo has made multiple
3:17
dives to the wreck of the Titanic, and
3:20
while returning from one of them, he emailed
3:22
Cameron.
3:23
I said, I watched Titanic at
3:25
the Titanic. And he actually replied,
3:28
yeah, but I made Titanic
3:30
at the Titanic. It is perhaps illustrative
3:33
of Cameron's gifts as a filmmaker that even
3:36
his most determined rivals will admit that
3:38
Cameron has written and directed some
3:40
of the most successful films of all time.
3:43
It would be fair to call him the father
3:45
of the modern action movie, which he
3:47
helped invent with his debut, The Terminator,
3:50
and then reinvent with his second, Aliens.
3:53
It would be accurate to add that he has
3:55
directed two of the three top grossing
3:57
films in history. But he's also scientist.
4:01
A camera that he helped design served
4:03
as the model for one that is currently on
4:05
Mars attached to the Mars rover.
4:08
And he's an adventurer and
4:10
not in the dilettante billionaire sense.
4:13
When Cameron sets out to do something it
4:15
gets done. The man
4:17
was born with an explorers instincts
4:20
and capacity. The original avatar
4:22
required the invention of dozens of new technologies
4:25
from the cameras Cameron shot with
4:28
to the digital effects that he used to transform
4:30
human actors into animated creatures
4:32
to the language those creatures spoke
4:34
in the film.
4:35
For the sequel The Way of Water Cameron
4:38
told me he and his team started all
4:40
over again. They needed new cameras
4:42
that could shoot underwater and a motion caption
4:45
system that could collect separate shots
4:47
from above and below the water and
4:49
then integrate them into a unified virtual
4:52
image.
4:53
They needed new algorithms, new AI to
4:55
translate what Cameron shot with what you
4:57
see. Nothing would work
5:00
the first time Cameron and the production
5:02
tried it. Or the second are
5:04
usually the third. Cameron showed
5:06
me a single effect shot numbered 405.
5:08
That means there's been 405
5:13
versions of this before it gets to me he
5:15
said. Cameron has been working on
5:17
the movie since 2013. It
5:19
was due out years ago. The
5:22
Way of Water was expensive to
5:24
make. If you ask James Cameron how
5:27
expensive he replies very
5:29
fucking. But as Cameron worked late
5:32
into the evening day after day solving
5:34
the infinite problems that The Way of Water
5:36
continued to present he seemed to be
5:38
enjoying himself.
5:40
I like difficult he told me. I'm
5:42
attracted by difficult. Difficult is
5:44
a fucking magnet for me. I go
5:46
straight to difficult and I think it's probably
5:48
goes back to this idea that there's a lot of smart
5:51
really gifted really talented filmmakers
5:54
out there that just can't do the difficult stuff.
5:56
So that gives me a tactical edge to
5:59
do something nobody else has
6:01
ever seen because the really gifted
6:03
people don't fucking want to do it.
6:06
Cameron and his fifth wife live
6:08
year round in New Zealand where they have owned
6:11
a 5,000 acre farm since 2011.
6:14
In the early days of the pandemic, Cameron and
6:16
his wife gave up their home in Malibu
6:18
and became full time residents here.
6:21
I asked Cameron if it had been lonely moving
6:23
halfway around the world. I don't
6:25
have any friends, so it's okay, he said, with
6:27
only a hint of a smile. Cameron's
6:30
Malibu compound was known
6:32
for its survivalist vibe. Fast
6:34
cars, a security team trained
6:37
in fighting wildfires, guns.
6:39
He had himself trained by one of the best
6:42
championship shooters in America.
6:44
He's the guy that taught Keanu Reeves how
6:46
to be John Wick. I was his first Hollywood
6:48
contact. I trained with him for three
6:50
years and so I'm a competition grade
6:53
shooter. At 68 years old, Cameron
6:55
wakes up at 4.45 am and
6:58
often kick boxes in the morning. Cameron
7:00
is proud to work at the biggest
7:02
scale possible. Terminator 2, True
7:05
Lies and Titanic were all among
7:07
the most expensive films ever
7:10
made at the time of their release.
7:12
To date, all of his films
7:15
have made their money back, many of
7:17
them spectacularly. Self
7:19
doubt in general is not something
7:22
Cameron has a lot of experience with. I
7:24
don't think I'm hardwired with that. I don't
7:26
know why. Cameron was always
7:28
the type of person whose confidence preceded
7:31
his achievements. Confidence
7:34
preceded his achievements. That is an idea that you and
7:36
I have discussed on multiple biographies.
7:38
It's in a lot of these books, the fact that belief
7:41
comes before ability. That's
7:43
the exact same idea. Cameron was
7:45
always the type of person whose confidence preceded
7:49
his achievements. It was while working as
7:51
a truck driver in his 20s that Cameron
7:53
decided to become a filmmaker. And so he taught
7:55
himself filmmaking.
7:57
He'd go to the stacks at the library
7:59
at the University Southern California, which was home
8:01
of the vaunted filmmaking program
8:04
that Cameron couldn't afford. I'd
8:06
find somebody's 300 page dissertation
8:08
on optical printing, Cameron said, and I'd
8:10
be going through this and I'd think, well, I've
8:13
got to get this. So I'd pull out the staples
8:15
and I'd photocopy the entire 300 pages. And
8:18
then I just kept doing the same thing
8:21
week after week for about six months.
8:24
And I'm driving a truck, but I had these
8:26
binders. I was going through this stuff
8:28
chapter and verse and making my
8:30
own notes and all that.
8:31
I basically gave myself a college education
8:34
and visual effects and cinematography while
8:36
I was driving a truck. The
8:38
idea for the Terminator came to him
8:41
in a dream. So did the pivotal
8:43
scene in his second film, Aliens.
8:46
Cameron has a rich dream life to this day. I
8:49
have my own private streaming service that's better
8:51
than any of that shit that's out there and it runs
8:53
every night for free, he said. Avatar
8:56
also originally came to Cameron while he was asleep.
8:59
I woke up after dreaming of this kind of bioluminescent
9:02
forest with these trees that kind of
9:04
look like fiber optic lamps and this
9:06
river that was glowing bioluminescent
9:09
particles and kind of purple moss on
9:11
the ground that lit up when you walked on it.
9:13
It was all in the dream. I woke up super
9:15
excited and I actually drew it. So I
9:17
actually have a drawing. It saved
9:20
us from about 10 lawsuits. Any
9:22
successful film, there's always some freak
9:24
with tinfoil under their wig
9:25
that thinks that you beam their idea
9:28
out of their head and it turned out there were 10 or 11
9:30
of them. And so I pointed at this
9:32
drawing I did when I was 19 when I was
9:34
going to Fullerton Junior College and
9:36
said, you see this?
9:38
You see the glowing trees? Do you see the glowing
9:40
lizard that spins around that's orange? Do you see
9:42
the purple moss? And everybody went
9:44
away. Zoe Saldana,
9:46
who starred in the first Avatar and returns
9:48
for the second and who also works frequently
9:51
in the Marvel universe, pointed out how
9:53
comparatively unique Cameron's approach is
9:56
in modern Hollywood. The Marvel franchises
9:58
are built by dozens of.
9:59
comic book artists and writers and directors
10:02
who work together to create these stories. By
10:05
contrast, Avatar is
10:07
the result of the vision of a single man.
10:10
Without Jim's heavy, heavy
10:12
brain, this would all fall apart. When
10:15
Cameron moves, he moves fast and favors one side.
10:17
When I asked him what he'd done to give himself a limp, he
10:19
looked at me curiously. I've got one short
10:22
leg, he said. It doesn't slow me down
10:24
any, though. Cameron, in his nearly 40
10:27
years of filmmaking, has earned a reputation
10:29
for having a temper. Some would say
10:31
he's earned this reputation several times
10:33
over. On more than one Cameron
10:36
set, crew members have taken to
10:38
wearing shirts that read, You can't
10:40
scare me, I work for Jim Cameron. Cameron
10:44
is well aware of this. So I looked
10:46
at it, and I was like, alright, why am I getting so
10:48
upset? And what is that solving? I'm
10:50
not saying I don't get upset once in a while. I mean,
10:52
everybody, I think, is entitled to having a bad day. But
10:55
whereas before, it might have been once
10:57
every couple of weeks, now it's like twice
10:59
a year. Cameron recalled working
11:02
with Ron Howard, the famously nice
11:04
director on the visual effects for Apollo 13.
11:07
And I just watched what a great guy he was. And
11:09
I'm like, I'm a total asshole compared
11:11
to Ron Howard. I have to get in
11:14
touch with my inner Ron Howard. But
11:16
despite his famous temper, Cameron has
11:18
always inspired loyalty.
11:20
The process of how Cameron builds the Avatar
11:22
films is complex.
11:23
I asked if he knew of anyone else
11:25
working this way. And he laughed. They'd
11:28
be insane to even try, he said. And
11:30
I don't mean that we're special. I mean, like, if
11:33
we hadn't made more money than any other
11:35
movie in history, this is the last fucking
11:37
thing that I'd want to be doing.
11:39
Cameron is famous for being able to do any
11:41
job on a movie set. Some say he can
11:44
do most jobs better than the people he
11:46
employs to do them.
11:47
Cameron disputes this, although mildly.
11:49
Not better than, he told me. But
11:52
I'm not just some brain in a bowl, creative
11:54
type sitting over in a tent someplace saying, yeah,
11:57
put that over there.
11:58
It's a curious fact that Cameron has directed
12:00
only two feature films in the last 25 years.
12:04
This is a part of the explanation for why Cameron
12:06
has at times drifted away from filmmaking. He
12:08
said, there's a certain point where
12:11
my mind wants to solve problems that are
12:13
real-world problems.
12:15
For a while, his career in ocean exploration,
12:18
which Cameron got serious about after making Titanic,
12:21
nearly kept him away from directing a film
12:23
ever again. I didn't get back into
12:25
making movies for eight years, he told me. I was
12:27
having too much fun. And when he did
12:29
decide to return to Hollywood with his idea
12:32
for the first Avatar, Cameron's long-time
12:34
studio, Fox, almost didn't
12:36
want to make it. Cameron has mellowed
12:38
with time and age, but he is still a
12:41
score settler, a keeper of
12:43
grudges.
12:44
And this is what he said when Fox initially passed. And
12:46
I said, now, just so you know, before your
12:48
taillights are out of sight, I will be on
12:51
the phone with Disney, who wants this, and
12:53
we'll make a deal. And that'll be that. And
12:55
then whatever happens, happens. And you might
12:57
look like a big dick if it makes a lot of money.
13:00
In the end, Fox did come back and
13:03
Cameron made Avatar with the studio. But
13:05
Cameron still remembers an executive at the company who
13:07
will go unnamed because this is
13:09
a really negative review. This
13:11
executive approached Cameron after a pre-release
13:14
screening of the film and begged the
13:16
director to shorten it.
13:18
I said something that I've never said
13:20
to anybody else in the business, Cameron
13:23
recalled. I said, I think this movie
13:25
is going to make all the fucking money. And
13:27
when it does, it's going to be too late for you
13:29
to love the film. The time for you to love
13:31
the movie is today. So I'm
13:34
not asking you to say something that you don't
13:36
feel, but just know that I will
13:38
always know that no matter how complimentary
13:41
you are about the movie in the future, when
13:43
it makes all the money, and that's
13:45
exactly what I said, in caps,
13:48
all the money.
13:49
But some of the money,
13:51
all the fucking money, I
13:53
said, you can't come back to me and
13:56
compliment the film or chum along
13:58
and say, look what we did to Cameron. together.
14:00
You will not be able to do that." And
14:03
then of course, the film came out and
14:06
made all the money. I asked
14:08
Cameron whether he had a theory about why.
14:11
I don't think I need a theory, he said. I think
14:13
anybody that's seen the movie knows why. It's
14:15
a fucking gigantic adventure that's
14:17
an all-consuming emotional experience
14:20
that leaves you wrung out by the end of the movie.
14:22
And it was groundbreaking visually and
14:25
it still holds up today. So I don't
14:27
think I need a theory. After Avatar,
14:29
Cameron again walked away for a while. He
14:31
dove to the Mariana Trench, to the deepest point
14:34
on Earth, and there was a period there, about
14:36
a year and a half, where I didn't even know
14:38
if I wanted to make another Avatar
14:40
film.
14:42
I knew how all-consuming it would be.
14:44
It basically took over my life
14:46
for four years. I had no other life for
14:48
four years making that first film. And I thought,
14:51
do I really want to do this again? It's
14:53
the highest-grossing film in history. Can't
14:55
I just tag that base and move on? But
14:58
the problem was, he still had
15:00
ideas. He knew, of course,
15:03
that on some level, he was running out of time.
15:06
When you get into your mid-sixties, you start realizing
15:09
that the axe could fall at any moment. Maybe
15:11
it's next week, maybe it's in 30 years.
15:14
Cameron said that in the end, the answer
15:16
he landed on was this. I'm
15:19
a storyteller and there's stories to be
15:21
told. I'm not done until
15:23
the big hook comes out from the side of
15:25
the curtain. So to me, everything,
15:28
every idea is a work in progress.
15:32
The list of things that Cameron has failed
15:34
at is short, but there are a few destinations
15:37
that have eluded him. One of them is
15:39
space, but he's come close.
15:41
He went to Daniel Golden, who was then
15:44
the NASA administrator and overseeing
15:46
the assembly of the International Space Station
15:48
and asked if he could go up to the American
15:51
side of the ISS.
15:53
They met for a summit. Golden
15:55
offered Cameron a shuttle flight
15:57
instead. No ISS. but
16:00
he'd see the planet from above, he would see
16:02
space. Golden said the ISS
16:04
at the moment was too difficult.
16:06
Cameron thought about it.
16:08
He said to himself, maybe everything
16:10
that I've been doing over the last few years leads
16:12
to this exact moment when the administrator
16:15
of NASA is willing to make a solid
16:17
deal to fly me on the space shuttle.
16:20
But he looked at his heart and he decided no, he
16:23
would only go to space on his own terms.
16:25
Are you seeing a theme here with
16:27
James Cameron? We haven't even gotten to the book
16:29
yet. He would only go to space on his own
16:32
terms. I said, I've got to say no,
16:34
I want to stick to my plan even if
16:36
it can't happen.
16:37
Then Columbia was lost. On
16:39
February 1st, 2003, the space shuttle Columbia
16:42
disintegrated, taking with it seven souls.
16:45
Cameron went to their memorial service, but
16:47
he never got to go to space. I asked
16:49
what level of regret he had about this, the fact
16:52
that he never went. Zero, he
16:54
said, different life. And
16:56
he's been on a planet of his own making ever
16:58
since. I was driving back to my hotel
17:01
not too long after when the phone rang. It
17:03
was Cameron wanting to talk again about
17:05
the shuttle flight that he had turned down. I
17:08
forgot the punch line to the story, Cameron said. The
17:11
punch line is the shuttle mission that
17:13
I refused? It was the Columbia.
17:15
His voice rose. I fucking saved
17:18
my own life by choosing the higher path.
17:21
Okay, so that was a super long excerpt, not
17:23
from the book that I'm gonna talk to you about. This is from
17:25
this unbelievable
17:28
long form piece on GQ. I
17:30
will leave the link down below. It is called The Return
17:33
of James Cameron, Box Office King.
17:35
And it was written by Zach Barron.
17:37
I read this article. It completely
17:40
took over my life. This episode
17:42
that you're about to hear, I have never ever
17:45
worked on an episode longer than this
17:47
one. I've been in the mind
17:49
and completely obsessed with James Cameron,
17:52
starting with this incredible
17:55
piece in GQ.
17:56
I don't even know for how many weeks. So I read
17:59
this piece, I was like, oh my God. Oh my God, I have
18:01
to learn more about this guy. And so I immediately ordered
18:03
a biography on him. That biography, which I'll
18:05
talk to you about today, and I'm going to go over now, is called The Futurist.
18:08
The life and films of James Cameron as written by
18:10
Rebecca Keegan. And it was produced right
18:12
after, the book's about 10 or 12 years old, produced
18:14
right after the original avatar came out.
18:16
But what I would do is every night, I'll
18:19
leave the link down below, you gotta read the entire GQ article,
18:21
it's incredible. But I would also listen to
18:24
it. It's 36 minutes long, they use
18:26
this technology called Autumn, and you can,
18:28
instead of reading it, you can listen to the whole thing.
18:30
I would fall asleep, as I'm reading this
18:32
biography of James Cameron, every night I
18:34
would fall asleep listening to
18:36
this article again. And I probably
18:39
listened to it, I don't know, 10 or 15 times. It's
18:42
just unbelievably impressive with
18:45
not only how he approached his work,
18:48
but his absolute insistence on
18:50
building his own world within the world.
18:52
So I wanted to read the excerpt
18:54
from that article first,
18:56
because that's the order that
18:58
this information on James Cameron was presented to me. I think
19:00
there's gonna be a few of these things that's gonna be repeated
19:02
throughout the book, but I think it
19:05
gives you, that overview's gonna give you a better introduction
19:08
into Cameron, and why he
19:10
is a
19:11
one of one, an unbelievably unique
19:14
individual who is unapologetically
19:16
extreme. That is one of the most important
19:18
things that I learned about him, and one thing I'm gonna take
19:20
away, and I do think this guy's gonna change
19:23
my approach to my own work, but also reinforce
19:25
it. Let me jump in, because I got a ton of stuff to talk
19:27
to you about.
19:28
Just gonna go over a brief overview and the introduction
19:30
real quick. He's a truck driver who directed the
19:32
highest grossing movie of all time. He then
19:34
ditched Hollywood to spend a decade of his life exploring
19:37
the deep ocean and the heights of science. He's
19:39
a tinkerer and a dreamer who pioneered tools that
19:41
revolutionized the way stories are told,
19:44
technologies that a generation of filmmakers
19:46
now rely upon. He spent his adulthood
19:49
doing things that other people called impossible.
19:51
As I watched the director work, I became curious
19:54
about a man who seemed interested only
19:56
in doing things that were hard.
19:59
And so when I got to this point, part, it made me think of one
20:01
of my personal heroes, Edwin Land. This is exactly
20:03
what he said. He says, do some interesting
20:05
science that is all your own. And if it is manifestly
20:09
important and nearly impossible,
20:11
it will be fulfilling and maybe even a
20:13
way to get rich.
20:15
That sounds a lot like Cameron's quote
20:17
in the GQ article. He's like, I'm attracted to hard.
20:19
Hard is like a magnet to me. He says
20:22
that in 2023. And back in 2009 or 2008, when this
20:26
book is being written, it's like, hey,
20:28
this is very curious. I started watching this
20:30
man and he seemed only interested in doing things that were
20:32
hard. Edwin Land was only interested
20:35
in doing things that were hard. Steve Jobs
20:37
was only interested in doing things that were
20:40
hard. And when you choose the hard path and
20:42
you put all your effort and focus into it and you
20:44
wind up being like you solved the problem,
20:47
the technical problems that you have to solve, and you actually succeeded
20:49
doing the hard things, other people can't help but respect
20:51
even the people in his field. There's multiple examples
20:54
in this book. This is just the first one where other
20:56
directors who are at the top of their profession is like, no, I come
20:58
to James to learn. And so we have Peter Jackson
21:00
here.
21:01
He's the director of the Lord of the Rings trilogy. And this
21:03
is what he says. You can't help but come away from spending
21:05
time with Jim feeling that you're a little bit stupid.
21:08
He's got such a sharp mind. He
21:10
is formidable. This idea
21:12
of
21:13
training ourselves and becoming formidable individuals
21:16
is something that you and I talked about over and over again. I
21:18
jumped out of my seat when I saw
21:20
that word
21:21
in this book. He's got such a sharp mind.
21:23
He's formidable.
21:25
Cameron's career has been built on questioning accepted
21:27
wisdom, believing the power of the individual, his
21:29
outlook,
21:30
this oh my goodness, a goosebumps again,
21:32
his outlook is that we can take fate in
21:34
our own hands. I have to read that to you again.
21:36
This is what gets me so fired up about this guy.
21:39
Cameron's career has been built on questioning accepted
21:42
wisdom, believing in the power of the individual.
21:44
His outlook is that we can take fate in our own
21:46
hands.
21:47
Okay, so I just want to pull out a few things from his childhood.
21:50
It's obvious James Cameron was a builder
21:52
and a founder from an extremely early
21:54
age. He winds up becoming
21:57
even from like he's like a little kid and him his brother, you know,
21:59
they They love to tinker, they love to build things,
22:02
they love to experiment. They're constantly making things
22:04
like go-karts. They make rafts, they make tree
22:06
houses. He's growing up in Canada before
22:08
his dad gets relocated by his
22:10
job to Orange County, California. And I
22:12
think one story that his mom tells in this
22:14
book of like a little kid version of
22:16
James Cameron, you see, oh, this is a founder from
22:19
day one. Cameron demonstrated a knack for
22:21
assembling large groups in service of his
22:23
own goals.
22:24
When her oldest son was about 10, she
22:26
noticed that his younger siblings and several
22:28
neighborhood children were streaming into her
22:31
yard carrying scraps of wood and metal.
22:33
I said, what are you guys doing with all this junk?
22:36
Jim said, we're going to build something.
22:38
And a couple hours later, the kids had constructed
22:40
an airplane.
22:41
Guess who was sitting in it being pulled, his mom
22:43
said. Cameron was very good
22:45
at telling people what to do. And
22:48
so another thing to know about Cameron, I highly likely
22:50
that he's got a genius level IQ. That's
22:52
why I took away from this. His mom gets a call when
22:55
I think he's only third grade.
22:56
Or, yeah, I think it was the second grade. I was like, oh,
22:58
we're just going to skip him to grade three. And
23:01
then he's already skipped one grade, doesn't
23:03
even get halfway through that. And then she gets another
23:05
call. It's like, oh, no, no, we've got to skip this kid again. And
23:08
so it's going to be no surprise to you. Anybody
23:10
that's intelligent, they're going to read all the time. He
23:12
started doing this at a young age. He
23:14
was a voracious reader. And we see this
23:16
with a lot of the interesting founders. When
23:19
they were kids,
23:20
like think Jeff Bezos or think Elon Musk,
23:22
they were obsessed with reading science
23:25
fiction. So James Cameron was the same thing. He would
23:27
just sit there and read all the time.
23:29
And so he's doing that from the time he's in elementary school. By
23:31
the time he gets to high school, he's winning every
23:33
single academic prize you could possibly win at school.
23:36
He wants to becoming the president of the science club. He
23:39
becomes obsessed with history and studying
23:42
ancient civilizations, which is funny because later
23:44
on in the book, he has this great line. I don't know if I'll cover it or not.
23:47
But it says something like,
23:48
I'm an explorer by nature, and
23:50
I'm just a filmmaker by trade. And
23:52
then even as far back as high school, we see this development or
23:54
the initial development of this lifelong
23:57
trade that he has. James is just extremely
23:59
comfortable. Going his own way. He never
24:02
ever felt it Necessary to follow
24:04
the herd you see that in the way he makes his films
24:07
the fact that This guy literally gets to the
24:09
top of his freshen is like yeah, I'm just gonna take like an eight-year
24:11
break Dive the
24:13
tight It's the deepest part of the ocean
24:16
and maybe never make a film again
24:18
Just because this is this is what I'm happy to be interested
24:20
at this moment Not really concerned with what
24:23
other people think I should be doing and I think this is a refusal
24:25
to just give in to The other thoughts of other people is like a massive
24:28
advantage for founders
24:29
It says the group think of his peers baffled
24:31
him He's in high school at this point first period
24:34
meant singing the national anthem and saying
24:36
the Lord's Prayer In 10th grade grade
24:38
Cameron listened to his classmates and felt
24:41
a surge of defiance It struck
24:43
me as this tribal chance in
24:45
the middle of all this He sat down open
24:47
his book and started to read
24:49
this indifference to the opinions of other people Concerning
24:52
like his behavior something that continues to this day Something
24:55
that changed his life when he was a little kid He becomes
24:57
fascinated by Jacques Gusteau who
25:00
was making all these like underwater documentaries
25:02
So
25:03
I think even by the time he got to high school, he was already scuba
25:05
sir certified He winds up begging
25:07
his parents to let him get to take
25:09
like a scuba class at like the local like YMCA
25:13
And we start to see something this
25:15
idea is like hey, I want
25:16
I don't just want to do scuba I just don't want to do anything.
25:18
That's just like the normal way. I want the hard way. He
25:20
is extremely Intentional
25:23
about building himself into a formidable individual.
25:25
So he says in the scuba class. He learned diving
25:28
military style with harassment
25:30
drills In which the instructor pull the instructor
25:32
pulls off your mask and rips the regulator
25:34
from your mouth This harsh training
25:36
engendered in Cameron a confidence and
25:39
resourcefulness that would help him survive
25:41
to near drowning experiences
25:44
in his life
25:45
So James comes from a family of engineers
25:47
his dad is an engineer his brother goes on
25:50
to become an engineer And this is
25:52
something like I was thinking about my relationship with
25:54
my own my own son and my daughter
25:56
for that matter This is just his dad
25:58
just does the right thing He's like, listen, I'm going
26:00
to back you no matter what I
26:03
personally think. And so the note I was leaving to myself,
26:05
I was like going through this. It's like, I really hope I, you
26:07
know, my son's still young, he's three years old.
26:09
I hope I'm like this, I hope I'm a dad like this
26:11
when he's older. So it says, Cameron's relationship with his
26:13
father would strain in his teenage years because
26:15
his father wanted James to
26:18
become an engineer.
26:19
And his dad thought it was a little weird that his son was like
26:21
obsessed with sci-fi and
26:24
like the stuff that he was reading.
26:25
He says he didn't understand me very well because I was in art
26:28
and science fiction and a lot of fantasy.
26:30
However, this is what I meant about good guy dad. He
26:32
would provide financial help in Cameron's hungry
26:35
early years as an inspiring filmmaker,
26:37
tacitly supporting the career
26:40
choice of his son, no
26:42
matter how grievous the odds was that
26:44
his son would succeed. Good guy
26:46
dad. And so there
26:48
is a line from last week's book, last
26:51
week's podcast on Walt Disney Picasso that I absolutely love.
26:53
It says all creative individuals build on the
26:55
works of their predecessors. No one creates in a
26:58
vacuum. It took seeing a
27:00
film,
27:01
another film, we're like, oh, wait, I might be able to
27:03
do this for a living. So it says the first time
27:05
he considered a film as a career was in 1968. I
27:09
think he'd be around maybe 14 or 16 years old at the time.
27:11
He goes to the movie theater and he sees Stanley
27:14
Kubrick's classic film, which is 2001,
27:16
A Space Odyssey. And this
27:18
is one of my favorite lines in the entire book. It was at
27:20
that moment that Cameron went from
27:22
being a fan of movies to wanting to make
27:25
films himself. What
27:27
does he do? He doesn't have to just see the movie the first time. He goes
27:29
back over and over and over again. He's studying how
27:32
did he do this? He returned to the theater and saw the
27:34
film several more times trying to understand how Kubrick
27:37
had managed to pull this off. And
27:39
right after this, his dad gets transferred to Orange
27:41
County, California.
27:42
And most kids, like you're in high school, there's no way I think
27:45
this might even be his senior year of high school or something like that.
27:48
And most kids are like, oh, I don't want to move. This is terrible.
27:51
He knew that Orange County was closer to
27:53
Hollywood. He already had this idea that he wanted to be a filmmaker.
27:56
And so his response, teenage
27:58
high school.
27:59
Cameron's response is very
28:02
unusual. He says, can we leave tomorrow? And
28:04
so it's after high school, Cameron goes to Fullerton Junior
28:06
College, which he mentioned earlier, or mentioned
28:09
the GQ article, right?
28:10
And there's a couple things that are really important here. One, everybody,
28:14
everybody who runs into James Cameron, regardless
28:16
of what point in his life, they all comment on his
28:18
intensity.
28:19
And so this is the first time though,
28:21
he's like, okay, well, maybe the first step
28:23
of making becoming a filmmaker is actually becoming a screenwriter.
28:26
It took just meeting the right group of friends that had similar
28:28
interests. So it says, Cameron was taking 14 credits
28:31
at Fullerton College by day and then working four
28:33
to six hours a night
28:35
as a precision tool and die machinist.
28:37
He has got a bunch of these blue collar
28:39
jobs that he's got to work while he's going to
28:41
college at time.
28:42
And he continued to tackle his own creative project
28:44
on the side, which was writing science fiction
28:46
stories and drawing. Jim was very
28:48
intense. He was very bright and full of ideas.
28:51
He was one of those guys that when you met him, you had
28:53
the feeling he was going to do things.
28:55
And so he meets a friend at the same college, this guy
28:57
named Randall Frakes. And Frakes shares
28:59
Cameron's passion for science fiction,
29:01
for ancient history, for exploration. And
29:04
Franks is the first person who's like, hey, why don't you
29:06
like you should be writing your own science fiction
29:08
movies. And so he goes and gets all
29:10
these scripts, like the original scripts for
29:12
very famous movies like Citizen Kane
29:14
and Butch Cassidy and Sundance Kid.
29:17
And he's just like here, James, take a look at these
29:19
like what would be considered
29:21
well written screenplays.
29:23
And that'll like give you ideas on how to do this. And then
29:26
you can just get started by doing that.
29:27
And it's at this point in Cameron's
29:30
life story where it's like, okay, this is
29:32
what a high agency person looks like.
29:34
He's working all the time. He's teaching
29:36
himself how to write scripts in his spare time.
29:39
And he's giving himself a graduate level
29:42
college education, filmmaking education
29:44
for free or for a couple hundred bucks. This
29:47
is high agency personified in his early
29:49
20s. Cameron held a series of blue collar
29:51
jobs. He'd work as a janitor, a truck driver and
29:54
a machinist on break. So he's he's
29:56
driving a truck like a lunch truck for
29:58
the school district that he's living
30:01
by. And on breaks, during
30:03
the day when he's driving the truck, right, he
30:05
curls up in his truck and starts writing
30:08
screenplays. At night, after a
30:10
full day, Cameron would go and hang out with friends
30:13
that had similar interests. They
30:15
would talk passionately about movies
30:17
for hours on end.
30:18
On Saturdays, that's not enough, right?
30:21
Again, this is high agency. Cameron would
30:23
then go to the library at the University of Southern California and
30:25
he'd photocopy all these graduate
30:27
student thesis on esoteric
30:29
filmmaking subjects.
30:31
He filled two fat binders with
30:33
technical papers. For the cost of a couple
30:35
hundred dollars in photocopying, he
30:37
essentially put himself through a graduate course
30:40
in visual effects at the top film
30:42
school in the country without ever meeting
30:44
a single professor.
30:47
And so then he's like, okay, well, how do I break into the movie
30:49
industry? And he does something very smart. Like, this is what I
30:51
do. I never have
30:53
been on a job interview in my entire life. What if I
30:55
did, right? I wouldn't just send in a resume. I
30:57
would send in some kind of demo or some kind of proof of
31:00
work. And so what he does, he makes this like 12
31:02
minute
31:03
little short film called Exogenesis.
31:06
And so he takes Exogenesis to
31:09
this guy named Roger Corman. Roger Corman has come
31:11
up and passed podcasts because he winds up
31:14
starting like Francis Ford Coppola and Martin Scorsese.
31:16
He gives all these like legendary directors
31:18
their first shot in life. So
31:20
takes Exogenesis to Roger
31:22
Corman's company. Roger Corman runs this company called New
31:25
World Pictures. It's like this B movie,
31:27
like kind of crappy films that just churn
31:29
out a bunch of crappy films. So they make money
31:31
in volume as opposed to
31:34
quality, right? But it's incredibly important because
31:36
it says Cameron was about to land exactly where he needed
31:39
to be in a Darwinian environment for
31:41
would be filmmakers, a place that rewarded smarts
31:43
and scrappiness and the kind of alpha
31:45
behavior that he had honked. Why
31:48
would the Roger Corman school film
31:50
like why was that the perfect place for
31:52
a young enthusiastic and driven
31:55
person like James Cameron is at this point in his life.
31:58
And the author does a fantastic job of
31:59
Rebecca King does a fantastic job. She
32:02
goes, the most successful product of Corman's movie-making
32:04
factory had been people. Definitely not
32:06
his movies. Movies suck, right? But why
32:09
is this important? His low budget productions had launched their
32:11
careers. Check this out. This is insane.
32:13
Have launched their careers of Francis Ford Coppola, Martin
32:15
Scorsese, Ron Howard, Jack Nicholson,
32:17
and many others in Hollywood. Why? Because what he
32:20
does is so smart.
32:21
Corman recruited the young and the eager. He was
32:23
usually the only person working at his company
32:25
over the age of 30. I was giving
32:28
them training and an opportunity to make a
32:30
movie that nobody else would give them.
32:33
You could go from carrying light stands to
32:35
directing your first picture in less
32:37
time than it took to graduate from film
32:39
school. So Cameron starts.
32:41
He creates this like calling card,
32:43
this demo of what he's capable of called Exogenesis.
32:46
And that demo gets him hired
32:49
as a model builder. He's not a screenwriter.
32:51
He's not a director. He's a model
32:53
builder. But I think now
32:56
you've already gotten to know James Cameron a little bit, right?
32:59
Do you think he's going to stay a model builder? There's no way in
33:01
hell this guy is going to whatever the
33:03
fastest path to promotion is, you
33:05
can be sure that Cameron will find it. And
33:07
so that's what we're about to see here.
33:09
And so what we see next is that James Cameron was
33:11
James Cameron before he was James
33:14
Cameron. This is more high agency
33:16
behavior. He is at the
33:19
entry level, bottom of the totem pole.
33:22
Somebody forgot to let him know that that was
33:24
the case.
33:25
Cameron had only been at Corman's for a matter of days. But
33:27
he was already taking charge. Listen to
33:29
this line. He seems constitutionally
33:32
incapable of doing otherwise. He
33:35
had a very commanding presence. Even
33:37
if his position was not running the model shop,
33:40
he clearly seemed to be running
33:42
the model shop.
33:43
Cameron was so eager and the production so
33:45
consuming that he started sleeping at the model
33:47
shop. That was where he was when Corman's
33:50
assistant woke him up at 3 AM. Corman
33:53
had just fired the art director of the
33:55
film that they're working on. Did Cameron want to take
33:57
his place? He had never been an art
33:59
director.
33:59
and had no idea what was involved
34:02
in the job. Sure, Cameron said. In
34:04
a matter of weeks, he had jumped from a model
34:07
builder on a film to its art director.
34:09
So that's another main idea, main theme
34:11
to learn about or learn from. Cameron,
34:14
he just assumes that he can learn any job. So
34:16
if you ask him, hey, can you do this, he'll say yes, and then
34:18
he'll figure out how to do it after.
34:20
And we see this in the early days of company
34:22
founders over and over again. The fact that there is
34:24
some kind of benefit of not knowing
34:27
what you don't know, Cameron says, there
34:29
wasn't time for any doubt. We didn't know the 27 reasons why we
34:32
shouldn't be able to do exactly what we were in the process of
34:34
doing.
34:34
There was this blissful ignorance about
34:37
the process of how films are really made
34:40
that allowed us to do some pretty damn extraordinary
34:42
stuff, given the time and budget restraints.
34:45
You come out of this with the feeling that you
34:47
can do anything. So he's the
34:50
art director, and he's like, you know what? I
34:53
don't think I should be the art director. I think I should be running
34:55
this entire thing.
34:56
And the way what's about to happen here is what he discovers
34:58
is that your mediocrity is my
35:00
opportunity. So he's watching the director
35:03
of this movie, and he says he wasn't impressed.
35:05
These guys had no idea what they were doing. I'm
35:07
watching them just blowing it. They're not getting the
35:09
shots. They're not getting the performances. It was
35:11
a light bulb moment for Cameron. I'm
35:13
thinking, I can do that.
35:15
He cornered Corman. He says, hey,
35:17
I think I should be the second unit director.
35:20
I will work at night. Again, Cameron
35:23
made a job for himself. And
35:25
again, Corman encouraged the enthusiastic
35:27
young man and said, that's a good idea. Start
35:29
tomorrow.
35:30
Because of his work on this film, he eventually gets
35:32
recruited to be a director of this terrible,
35:35
terrible movie. It's called Piranha 2 or something
35:37
like that. And this is
35:40
really important. OK, you know what? Let me read
35:42
this to you first, and I'll read my takeaway from this. On
35:44
his fifth day at work, Cameron
35:46
learned that he was fired. His first opportunity
35:49
to be the main director, right? He lasts five
35:51
days.
35:52
Five days.
35:53
What felt like a career-ending mistake,
35:56
however, was actually just one beginning. The torment
35:58
Cameron went through over his failed first director.
35:59
effort would lead him exactly
36:02
where he needed to be into the dark recesses
36:05
of his mind for that is where he found
36:07
the Terminator which is gonna be this massive hit
36:10
this is a punchline of this entire section he was 27 years
36:12
old broke and depressed
36:15
now this is the entire reason I just want to pull
36:17
down one paragraph
36:18
he gets hired to direct right quickly gets fired
36:21
he finds himself at 27 years old broke
36:24
depressed feeling like a loser 15
36:27
years from now
36:28
he will be at the very top
36:30
the very top of the same
36:33
profession excellence is
36:35
the capacity to take pain what
36:37
if he quit here
36:40
so the Terminator was like one of my favorite movies when
36:42
I was a kid but
36:43
there's a few entire
36:46
chapters like the chapters are separated in this
36:48
book on like what film he's working in so there's like unbelievable
36:50
degree of detail so if you're
36:52
really into some of these films
36:55
reading the chapters I would highly
36:57
recommend but there's just a few things about the
36:59
Terminator that I want to pull up because I think they're interesting
37:01
and more widely applicable just not just a filmmaking
37:04
but
37:05
the aspect the first thing before you how
37:07
you can pitch a film right you have to write the script
37:10
Cameron was not did not feel like he
37:12
was a naturally gifted writer he
37:15
right this is the first time he talks about this we talked
37:17
about this his whole life he finds writing to be torture
37:19
but he does it anyways and I think that's the biggest lesson
37:21
here
37:22
Cameron found writing a lonely
37:24
and utterly unforgiving process it
37:27
is very hard for me to get started and
37:29
it is very hard for me to stay focused he said when
37:31
he's writing he tends to bunker himself
37:33
in working mainly at night and
37:36
withdrawing from the outside world
37:38
he used to tell friends that he'd like to buy
37:40
the most uncomfortable chair he could find for writing
37:42
so he would finish as fast as possible
37:45
just to get out of it
37:46
and so he writes this and then he goes around and tries
37:48
to find convince a studio to make the movie
37:51
there's just one paragraph here great projects can
37:53
happen in bad economies when they're trying to raise
37:55
money for the Terminator this is in 1982 unemployment
37:58
at 10%
37:59
and interest rates are at 17%.
38:02
And they still managed to get the deal done, and it's good
38:04
that they convinced people to finance the movie, because the movie
38:06
only, Terminator, the original Terminator, right?
38:09
It only cost $6 million. It winds
38:11
up making $78 million on
38:13
a $6 million investment. And
38:15
we see that James Cameron actually has a lot in common
38:18
with the Terminator. He has a Terminator-like
38:20
work ethic. He is doing
38:22
the rewrite, he's rewriting the Terminator
38:25
script to get ready to film the movie. So
38:27
he's already written it once, he's doing the rewriting.
38:29
Then he also gets a job. Man, he
38:31
has no money at this time. So you gotta take every opportunity
38:33
that he gets. He gets a job to write the sequel
38:36
to Aliens, and I think it's a sequel to
38:38
Rambo, the movies with
38:40
Sylvester Stallone.
38:42
Listen to how he does it. This is what I mean that he has a Terminator-like
38:45
work ethic. This is wild. That
38:47
meant in a three-month period in 1983, he
38:49
had to write three scripts. Cameron approached this
38:51
dilemma as a Terminator-mite.
38:53
He decided that each script would be 120 pages
38:56
for a total page count of 360. This
39:00
is so wild.
39:01
He divided the total number of waking
39:03
hours he had during the three-month period by 360 and
39:07
figured out how many pages per hour he
39:09
had to write. And I just wrote
39:11
that many pages per hour, he said.
39:15
And so while he's working on the pre-production for the
39:17
Terminator getting ready to shoot the movie, he winds
39:19
up meeting another high-quality
39:22
person. They want to be becoming partners.
39:24
This guy named Stan Winston. And so this
39:26
is James describing the partnership. Stan
39:28
and I clicked early on because we both respect
39:31
the artist and he saw one in me and vice versa.
39:33
And we were both a little crazy and
39:35
enjoy each other's eccentricities. The
39:38
work that he did for Cameron in subsequent films
39:40
would earn Winston three of
39:43
his four Academy Awards and would lead to
39:45
their co-founding a visual effects
39:47
company called Digital Domain in 1993. If
39:50
you studied the career of George Lucas, I covered him
39:52
all the way back on episode 35. I'm gonna reread
39:54
that book and do an episode on it again in the future.
39:57
But this is something that Lucas and...
39:59
and Cameron have in common,
40:02
is they were constantly had ideas on how visual
40:04
effects and things they wanted to do
40:06
in their films that they couldn't figure out how to do. So their
40:08
solution was a little insane.
40:10
They're like, oh, well, I just found my own special
40:13
effects company. So Lucas famously
40:15
founded Industrial Light and Magic. Cameron's going
40:17
to wind up being a customer of theirs.
40:20
And then James does the same thing when he found
40:22
Digital Remain with Stan Winston in 1993. And
40:24
so once the production on Terminator begins, we
40:27
see something that was echoed in the GQ piece,
40:29
the fact that people call anybody that works with James,
40:32
they call him the do-it-yourselfer.
40:34
They all say that he likes being extremely hands-on.
40:36
And then I've seen him speak in other interviews. Because
40:39
I watched a bunch of interviews, he's like, listen, this is the only
40:42
way that I can work. It's the way I want to work. Cameron
40:44
established a hands-on working style that he would take
40:47
to an extreme in later films. Cameron would be
40:49
holding the camera, editing the footage, mixing
40:51
the sound, performing almost every technical
40:53
and artistic task on the film himself,
40:56
except acting. Cameron can do almost
40:58
anything there that he is to do on a movie set,
41:00
as well as any specialist, and
41:02
he knows it.
41:04
So the financial success of Terminator opens
41:06
up every opportunity that Cameron's
41:08
going to have after this. He's going to be able to pick
41:11
and choose what movies he makes. As he continues to
41:13
have financial success with his films, he
41:15
eventually is able to wrestle over complete
41:17
control. He's got final cut.
41:19
He gets to choose, like eventually, his whole
41:21
thing is he's obsessed with controlling all aspects
41:23
of his work. For he's able to maneuver himself
41:26
into a position of complete control, though, he still has
41:28
to work, and he's still young. I think he's like 32
41:30
maybe at this time. This is the first time that he
41:32
actually interacts with people that
41:35
don't love their work. So
41:36
he is doing production on the sequel to
41:39
the very successful movie called Alien. The
41:42
sequel to Alien that he does is called Aliens.
41:45
And so this is the contrast between
41:47
somebody like James who loves his work being
41:49
forced to work with other people who just tolerate
41:52
theirs. They do not love what they do. They just tolerate
41:55
it. Production on Aliens took
41:57
place at Pinewood Studios, which is in London.
42:00
The employees at Pinewood were lifers, locals
42:02
who viewed their film jobs as
42:05
they might factory work, a paycheck,
42:07
and nothing more.
42:08
I was shocked to be working with people who simply
42:11
could not care less about the film they were working
42:13
on, says Cameron. The Pinewood crew
42:15
were lazy, insolent, and arrogant.
42:18
I despise them. And so they're both approaching
42:21
this with vastly different perspectives. At the time,
42:23
there was a sense that you don't get to the top of
42:25
your profession through talent. You get
42:27
there by paying your dues and putting in your time.
42:30
To the Pinewood veterans, Cameron,
42:32
at 31 years old, was an undeserving
42:34
kid.
42:35
And so something that Steve Jobs has said previously, that
42:38
he observed that A players only like
42:40
working with other A players, we see that here.
42:42
When he finally wrapped at Pinewood, Cameron
42:45
stood up to address them. This has been a
42:47
long and difficult shoot, fraught by
42:49
many problems. But the one thing that kept
42:51
me going through it all was the certain
42:53
knowledge that one day, I would drive
42:56
out of this gate and never come back, and
42:58
that you sorry bastards would still
43:01
be here.
43:02
He never did return.
43:04
So if you were able to see all my notes that I have in this book,
43:07
I have these main themes that I keep writing
43:09
down, because I just keep reappearing. And
43:11
then when I went back and started thinking about what
43:13
I wanted to talk to you about, I would continue
43:15
to add to them. And so one main idea, one main
43:17
theme in the life and career of James
43:19
Cameron, is that he's just willing to
43:21
let ideas marinate for decades. In
43:24
many cases, he can't figure out how to make what
43:26
he wants to do, or he has an idea and he doesn't get to actually make
43:29
that idea in like 25 years.
43:30
In this case, there is 19 years
43:33
between this idea and the execution. Water
43:36
and its mysteries would be an abiding source of fascination
43:38
and creative stimulation for Cameron throughout his life.
43:41
One that would inspire him to make his most
43:43
grueling and personal movie, this movie
43:45
called The Abyss. The Abyss began as
43:48
a short story that Cameron wrote
43:50
when he was 16,
43:52
when he was devouring Jacques Cousteau's underwater
43:54
TV documentaries. And so this is
43:56
something that he's gonna work on for his entire life.
43:59
He loves.
43:59
shooting in water for the precise
44:02
reason that nobody else likes
44:05
shooting in water. Let me quote Edwin
44:07
Land again. Don't do anything that
44:09
someone else can do. The harder something
44:11
is, the less competition
44:14
there actually be. I think this is something I
44:16
see a lot of entrepreneurs struggle with. They
44:18
try to look for the easy way. I was like, no, that's
44:21
the exact wrong thing you should be doing. You should be trying to avoid
44:23
competition at all times. And if something's easy,
44:25
there's going to be way more people trying to do it. James is like,
44:27
no, I'm only going after hard because I will
44:29
literally be the only person out there
44:32
doing this. I will be the only person standing.
44:34
I will be a one of one. There will be no competition.
44:36
While making Avatar, he was also at work on an
44:38
engineering project designing and building a one-man
44:41
sphere to dive to the Mariana Trench.
44:43
There's a fantastic documentary
44:45
about this that shows
44:47
all of the engineering that went
44:50
into designing this sphere that he
44:52
used, the sphere that he used to get to the
44:54
deepest part in the world's oceans.
44:57
And he had that idea because he watched this
45:00
video the last time humans
45:02
had gone to the very bottom of the Mariana Trench before
45:05
James Cameron did it, was all the way back in 1960. But
45:07
this sentence tells you a lot about his personality and his approach
45:10
to work.
45:10
That no one else had bothered to try again
45:13
in 50 years did not deter
45:15
Cameron. It makes the journey irresistible
45:17
to him. I like doing things I
45:20
know others can't, he says. That's
45:22
part of what attracts him to shooting movies
45:24
in water. He likes shooting
45:26
in water, he says. It's physically taxing.
45:29
It's frustrating. It's dangerous. But
45:31
when you have a small team of people as crazy
45:33
as you are that are good at it, there
45:35
is a deep satisfaction in both
45:38
the process of doing it and the resulting
45:40
footage.
45:41
So this idea about I'm constantly attracted
45:43
to heart, I want to do things other people aren't doing. What
45:46
is that actually, like what does heart look like in
45:48
this case? Like The Abyss is a
45:50
movie that's going to be made in I think 1989, right? So
45:54
he's trying to figure out a couple years before the movie comes
45:56
out. Okay, where how am I gonna do this? Where
45:58
am I gonna shoot it? Right?
45:59
all over America, locations all over America,
46:02
and they're scouting out one thing and they see
46:04
something kind of weird in the distance. And it says, in the distance,
46:06
Jim could see something really intriguing. It was
46:09
a giant concrete bowl. From
46:11
afar, it looked something, it looked a little like the Roman
46:13
Colosseum. So he goes over to it. He's like, what
46:15
the hell is this thing? It's like essentially like
46:17
an abandoned construction project.
46:20
What they were trying to make would have been a nuclear
46:22
reactor's containment vessel. It was only
46:24
half finished and it was 240 feet in diameter with 80 foot tall
46:27
walls and no
46:28
entrance.
46:32
So he parks next to this thing. He's like, I want to check,
46:34
I want to look at this thing. What is it? Well,
46:36
how are you going to look at something that is,
46:39
has 80 foot wall surrounding it and no entrance? He's
46:42
like, oh, there's a construction crane right here. The crane
46:44
that they were using to assemble it was also abandoned. So what
46:46
does Cameron do?
46:47
He goes and starts climbing up on the 110 foot crane.
46:50
It is raining and there's a ton
46:52
of wind when he's doing this. And he
46:54
decides this is exactly where this is the
46:57
set. This is where I'm going to film the abyss. This is
46:59
what hard looks like. This is what he means like he's
47:01
attracted to hard.
47:02
It would involve pouring thousands of yards of structural
47:04
concrete, installing enormous filtration
47:07
systems and a row of 20,000 heaters
47:10
to warm the 7.5
47:12
million gallons to a comfortable temperature.
47:14
What they were planning wasn't just the largest
47:17
underwater set ever built. It
47:19
was a feat of industrial engineering.
47:22
And so the crazy thing is he just built
47:24
the world's largest underwater
47:26
set, movie set ever made. He
47:29
matches this unbelievable initial
47:32
accomplishment with this insane work
47:34
ethic and dedication. I think they call him a few pages
47:36
later.
47:37
What is the word? They call him like a maniac.
47:40
I think that's the, he's, they saw him a possessed maniac.
47:43
Listen to this paragraph.
47:44
Remember, they're filming underwater.
47:46
At the end of the day, Cameron had to hang 10 feet
47:48
under the surface for an hour to adjust to the
47:50
pressure difference. Never one to waste time,
47:53
Cameron asked the crew to install a monitor in
47:55
the control room underwater. Remember, all,
47:57
everything I'm about to describe to you is happening underwater.
47:59
Never one to waste time, Cameron has to crew to install a monitor
48:02
in the control room so he could watch his dailies through
48:04
the acrylic window while suspended
48:07
online.
48:08
When his neck was sore from his giant helmet,
48:10
so he's got this helmet that has all this like communication stuff in
48:12
it, right? He hung upside down
48:15
and had the crew invert the monitor. It's
48:17
like hanging upside down like a bat underwater.
48:19
He asked to patch phone calls from
48:22
the studio through to his helmet
48:24
so he could talk to Fox executives while he
48:26
decompressed underwater.
48:29
After a draining out 18 hour day,
48:32
the few lingering cast and crew members heading
48:34
home would stop and take one last look
48:36
in the viewing room window at their director, clinging
48:39
to the line like a bat on a branch and
48:41
still at work. I was stunned
48:43
by Jim's allegiance to the project and
48:45
the extent of his physical abilities. Jim
48:48
was there for every minute of it. It was beyond
48:50
belief his commitment to what we were doing.
48:54
Another main theme in the life of James Cameron
48:56
is the important and magical power
48:58
of compounding. So present day he's been
49:00
a filmmaker for over 40 years. Where we are
49:02
in the story though, he's only
49:05
a handful of years into his
49:07
career as a filmmaker. The reason I talk
49:09
about the compounding nature of Cameron's
49:12
career that kind of jumps out when you study him
49:14
is he starts experimenting with CGI, with computer
49:16
graphics,
49:17
all the way back in 1988. The
49:19
reason I'm bringing this up is because this is when he starts working with
49:21
George Lucas' company Industrial Light Magic
49:24
and it said Industrial Light Magic assured
49:26
Cameron that they could do it. It would take the company
49:28
nine months, this is 1988, okay? It
49:31
would take the company nine months to deliver 20 shots. Amazing
49:34
when you consider that 20 years later on Avatar,
49:37
Cameron's crew would produce more than 2,000 shots
49:40
in the same time period. Each of
49:42
them, many orders of magnitude more complex.
49:44
So in 1988, it takes nine months to make 20 shots. Twenty
49:48
years later, they can do 2,000 and
49:51
I think 20 years after that, it was like 20,000 or
49:53
maybe even more
49:54
in that same time period.
49:56
There is a massive benefit in getting
49:58
to find your life's work as a filmmaker. fast as possible
50:01
and then once you're there just stay in it all
50:03
the benefits all the future technology all That's
50:06
gonna compound and accrue to the people that don't
50:08
quit and the thing is most people quit
50:11
is another example of that so now he's almost 10
50:13
years into his movie career
50:16
and this is incredible the existing norms
50:19
of the movie industry at this point in time right are
50:21
going to be Temporarily ignored
50:24
to the benefit of James Cameron
50:26
and Arnold Schwarzenegger. So remember Terminator
50:28
I
50:29
think cost let's say six million dollars
50:31
six point eight something like that to make
50:33
so six million dollars made seventy eight million
50:36
dollars in revenue and So now this
50:38
company goes and buys a few years later. They
50:40
pay ten million dollars just for the
50:42
rights, right? Just for the rights to make
50:44
Terminator to
50:46
James Cameron is 35 years old this time the
50:48
this temporary suspension of like the normal
50:51
Economics of the industry that he happens to be
50:53
operating in
50:54
is going to benefit him and Arnold. This
50:56
is what I mean by that So these two guys
50:58
run this company called Carol Co pictures.
51:01
It's this independent production company and
51:03
They call James Cameron and they're
51:05
like, hey, we just bought the rights for Terminator 2 We
51:07
want you to do write and direct the film
51:09
and Cameron was not sure that he wanted to
51:11
do a sequel and they're like Okay, we'll
51:14
pay you six million dollars And so it says they
51:16
offer me a lot of money Cameron says six million
51:18
dollars to be exact It turns out I can
51:20
be bought and so that
51:22
is in 1989 So it's you know be
51:24
like double that or maybe even triple that today For
51:27
a 35 year old director now that
51:29
was hilarious winds up, you know becoming one
51:31
of the most expensive I think the budget they have on this movie is like a
51:33
hundred million dollars, but
51:34
listen to how What they did
51:36
for Arnold so they give James six million
51:39
dollars, you know How they convinced Arnold
51:41
to do the movie these guys gave
51:43
Arnold a twelve million dollar Gulf
51:45
Stream jet to close the deal
51:48
That's incredible. And so while I'm reading about
51:50
how they're making Terminator 2 I stumbled across
51:52
this like a little piece of fun history
51:55
fact, right? So think about one of the most well-known
51:58
software programs of all time is Photoshop
52:00
Well, the crazy thing I discovered in this book is
52:02
that an early version of what eventually
52:05
becomes the first version of what will
52:07
eventually become the commercial product Photoshop
52:09
is actually the first thing they use
52:11
it for is to solve a technical problem that
52:13
James Cameron is having on Terminator 2.
52:16
This is around 1990. I think this is when it's happening.
52:19
Some of the things that Cameron wanted the
52:21
T1000 Terminator to do was a stretch for
52:23
industrial light and magic. When the computerized character
52:25
extended into certain poses, giant black
52:28
gashes appeared in his shoulders. The ILM
52:30
industrial light magic team pulled
52:32
it off thanks in part to a cool new piece of software
52:35
invented by a 20 something person
52:37
working there named John Knoll
52:39
and his brother Thomas,
52:41
a grad student at the University of Michigan.
52:44
That software happened to be the
52:46
very first version of Photoshop, still
52:49
a few years away from becoming
52:51
the industry standard graphics
52:54
editing program.
52:56
That's incredible. I think
52:58
the developers wind up selling the
53:00
rights to Photoshop a few years later for I think $35 million.
53:04
There is something that appears in the book multiple times I
53:06
haven't covered yet. I think you already
53:08
know this, but
53:09
he has
53:10
excessively high standards. He's very
53:12
difficult to work with. This kind of reminded
53:15
me, one of my favorite lines when
53:17
I was reading that chapter on Walt Disney and Picasso
53:19
last week was that Walt Disney put excellence
53:22
before any other consideration. I think James
53:25
would, that applies to James as well.
53:27
It talks about they had to get this movie made
53:30
quickly, but that didn't
53:32
have any effect on James
53:35
Cameron's level of professionalism. He's
53:38
known for doing this on multiple things. He
53:40
shoots a take and then he has a catch phrase.
53:42
He would repeat over and over again.
53:44
He says he would either he'd alternate
53:46
between these two, which is hilarious. That's exactly
53:48
what I didn't want or the other one. Perfect.
53:52
Let's do it again. It says it chafed
53:54
the T2 crew, some of whom
53:56
started wearing shirts that said Terminator
53:59
3, not with me.
54:00
And that dedication to just making the best thing you
54:03
possibly could pays off in the end. Quality will always
54:05
make you more money is another line I think from
54:07
the
54:08
Walt Disney book that I covered last week or
54:10
the Walt Disney essay rather. So what's
54:12
fascinating is I think they pay, they cost like a hundred million
54:14
to make. The movie makes something like five
54:16
hundred million dollars. And so this crazy,
54:20
his movies keep having these fantastic financial
54:22
outcomes. And this is what allows him
54:24
to get to what he really wants. What James
54:26
Cameron really wants and what most of the history's greatest
54:28
founders want. They want the same thing. They want ownership and
54:30
they want control.
54:32
And so, you know, I'm reading about James
54:34
Cameron. I could easily be
54:36
reading about James Dyson or George
54:38
Lucas. And so it says in the spring of 1992, Cameron signed
54:41
an unusual five hundred million dollar multi-picture
54:43
domestic distribution deal with Fox. They gave
54:45
him power to put any movie he wanted
54:47
into production without Fox's approval
54:50
up to a budget of seventy million dollars. And
54:52
he retained ownership of his own films. This deal
54:54
gave Cameron both more control and
54:57
more responsibility than a director typically
54:59
enjoys. This is what he said. And this is what inspired him
55:01
to do so. I just made Terminator 2 for
55:03
Carol Coe Studios and I admired
55:06
how they rolled being their own bosses,
55:08
Mavericks and entrepreneurs. I admired
55:11
how they rolled being their own bosses, Mavericks
55:13
and entrepreneurs, Cameron says. I've been fed up
55:15
with the studio system after Aliens
55:18
and Abyss, both of which I felt were not released
55:20
properly. I could now set up a structure
55:22
which would
55:22
allow me to call the shots myself.
55:25
And so after he signs this next deal, the thing he does
55:27
the following year is he's found his own
55:29
special effects company. I just
55:32
love this idea. It's like James Cameron
55:34
knows that there is a revolution in computer generated
55:36
special effects happening and that one,
55:38
he wants to play a role and two,
55:40
in order to play that role, in order to do so, he decides,
55:43
hey, the correct move here is to start
55:45
my own, to found my own special effects company.
55:47
Cameron wanted to be part of the digital revolution and special
55:49
effects. I wanted to make sure that as a filmmaker,
55:52
I was always ahead of the wave and not behind it.
55:54
To do so, he felt he would need a lab
55:57
of his own.
55:58
He was thinking of founding his own special effects company.
55:59
which they're gonna call digital domain. This
56:02
is how they get the funding for it.
56:04
They raised $15 million from IBM, which
56:06
took a 50% stake in the company and
56:08
provided much of the hardware to get it started.
56:11
Digital domain wasn't a hard sell. The
56:13
guys behind Terminator 2 and Jurassic
56:15
Park were as promising a team
56:18
to back in the nascent, I mean, this is very
56:20
early days, in the nascent digital effects
56:22
industry as existed.
56:24
And then just one more thing I wanna pull off from this section,
56:26
which I think is a good idea, go all in on where
56:28
you believe the future is, regardless of where it
56:30
currently is, the company's first bold
56:32
move would be to wholly embrace
56:34
digital compositing and not even bother
56:37
to open an optical department. It
56:39
was a risky decision at the time. Most
56:41
of Hollywood was still relying on opticals.
56:44
They thought that wasn't gonna be the case in the
56:46
future, so they just skipped that part. They went directly to
56:48
the future. Just go right to the future, I guess, so we had to
56:50
think about what he's doing here. But setting up digital
56:52
domain, that way gave the company an almost
56:55
instantaneous advantage over
56:57
the established effects houses.
57:00
And then there's another theme that appears over and over again
57:02
in the career of James Cameron that I wanna point out to you.
57:05
He's just got intense focus. And so it's
57:07
like, mute the world and
57:09
then build your own world.
57:11
Cameron knows a lot about a lot of subjects. He can talk
57:13
about energy policy.
57:14
He could talk about helicopter engines. He could
57:16
talk about the Punic Wars. But one of
57:18
his rare blind spots is Hollywood
57:21
gossip. He does not give a damn
57:24
what is going on inside of his own industry.
57:26
This is not a man who watches E. And
57:29
so what they're talking about is, I
57:31
think this is on true lies,
57:33
he winds up wanting to hire Tom Arnold. And
57:35
he didn't know anything about the back, there
57:37
was some controversy around Tom Arnold. So he gets
57:39
this phone call from a Fox executive and they're
57:41
like, what the hell are you doing? They're just so mystified
57:44
by
57:44
his choice of casting. Remember, he has control,
57:46
so he can do whatever. He gets to choose the actors
57:49
that he wants to work with. And so they ask him, they're like,
57:51
don't you read the papers? Don't you watch TV?
57:53
And Cameron confessed that no,
57:55
that he did not. And so a short while later,
57:57
we hear from his long-term attorney and he said.
58:00
Listen, James is not a guy that would call
58:02
and say, let's do lunch. Cameron rarely
58:04
lunches or parties and applies none
58:07
of his laser beam focus to the Hollywood
58:09
power struggles. Jim doesn't call
58:12
me up and say, what does Spielberg make, which
58:14
some of my other clients do. He
58:16
does not think in those terms.
58:18
And so the note I have on my page is like, this is
58:21
really like a bullet point.
58:22
My bullet point model of James Cameron
58:25
up until my reading up until the point of the book is
58:27
like, he likes to focus. He likes to work.
58:30
He is not motivated, motivated primarily
58:32
by money,
58:34
very much like Walt Disney. Excellence
58:36
came first, right? Financial considerations
58:39
or if it's going to make him money, he's trying to build something great.
58:42
And with the trust that if he builds something great, he'll
58:44
make money. But building something great
58:46
was something that Walt Disney and Cameron put first.
58:49
And then the last note was that he's just got an inner clock.
58:51
He's got an inner scorecard.
58:53
He just wants to focus on the work
58:55
that he's doing. He's not concerned with pulling
58:57
his head up and looking around like, what do other directors
59:00
think or what is everybody else in the industry doing? It's irrelevant
59:02
to him.
59:03
And you see this in how he picks his movies.
59:06
He's trying to figure out like, what am I going to work on next after
59:09
True Lies? And this is where he decides to do
59:11
Titanic, which at the time becomes the
59:14
most finding successful movie of all time.
59:16
What movie he makes next
59:18
is decided intuitively based
59:21
on themes that interest him at the moment and
59:23
what new technical or dramatic territories he
59:25
wants to explore. I had a lot of doubts
59:27
about doing Titanic, he says. Could it be done? I
59:30
wasn't sure. Could the deep dive filming be done?
59:32
I don't know. Could we create the technology? I
59:34
don't know. Would anyone want to see it?
59:36
While he was ruminating on what to do next, he
59:39
received a fax from this other guy, this explorer
59:41
named Sagolvich. And
59:44
so he's reading Sagolvich's thoughts.
59:46
And I love this idea because I find this to be
59:49
true as well when I listen to podcasts or when I read
59:51
books that just one line can change everything.
59:54
And so he's reading this
59:56
fax and says, it is sometimes necessary
59:58
in life to do something
59:59
extraordinary. In Cameron's mind, that line
1:00:02
seemed to glow on the page. Yes,
1:00:04
I realize sometimes you have to
1:00:06
do something extraordinary, something crazy.
1:00:09
And this is the line I mentioned earlier. I am an explorer
1:00:11
at heart and a filmmaker by trade.
1:00:14
And so he looked at creating Titanic, making the movie,
1:00:16
not as I'm making a film. I'm going on an exploration.
1:00:19
I'm going on an Odyssey. And then he has this
1:00:21
great thing where
1:00:22
one of the reasons he wanted to do the film, because
1:00:24
he's been fantasizing about diving down to
1:00:26
the wreck, I think it would cost, I think
1:00:29
it was like $6 million or something like that
1:00:31
to develop the technology, to do it safe.
1:00:34
And I think he went down, you know, maybe a dozen times,
1:00:36
maybe even more. And
1:00:37
what he realized is like, well, really,
1:00:39
we should charge my expedition to the Titanic
1:00:41
as a marketing expense in the studio. It's
1:00:44
like, what are you talking about? And this is actually a genius way
1:00:46
to gain attention for the film.
1:00:48
And so Cameron says, well, the expedition
1:00:50
should be charged to the marketing budget because it's going
1:00:52
to attract way more publicity than just
1:00:54
trotting out the actors and sending them
1:00:56
around for on the talk show circuit.
1:00:59
This is great line in Michael Jordan's autobiography,
1:01:02
which I covered back on Episode 213, where he
1:01:04
says, I focus on the little things, the little things add
1:01:06
up to big things.
1:01:07
And Cameron did this entire career.
1:01:09
You
1:01:10
see it in the Titanic, he was
1:01:12
a stickler for getting the actual historical details
1:01:14
as accurate as possible. There was a degree of
1:01:17
obsession in Cameron's dedication to the
1:01:19
little details from the ship's stationery
1:01:21
down to the white star line stamped
1:01:24
ashtrays. He has always been a stickler for
1:01:26
the little things after I put out that episode on Bernard
1:01:29
and all.
1:01:29
I heard from stories from people listen to the podcast
1:01:31
that he's this way to the
1:01:33
most minute details in the stores,
1:01:36
the businesses that he runs, the hotels, the restaurants
1:01:38
that he owns. He focuses on the large
1:01:41
picture of the strategy, but he also pays attention
1:01:43
to the most minute detail that it would be. Some
1:01:45
of the stories I've heard would just shock you if I
1:01:47
could repeat them. And they came to mind when I'm reading
1:01:49
this section. It's like, oh, well, this is what Michael Jordan
1:01:52
top of his profession, Bernard and all top of his profession,
1:01:54
James Cameron top of his profession, obsessed
1:01:57
with the details, little things add up
1:01:59
to big things.
1:01:59
Let's go back to this idea
1:02:02
that was in that piece by GQ that
1:02:04
jumped out at me, right? Where it's like James is the type
1:02:06
of person whose confidence preceded
1:02:09
his achievements. It's so important
1:02:11
to truly believe in what you're doing to have
1:02:14
superhuman levels of confidence because sometimes you have
1:02:16
people on your own team
1:02:17
trying to talk you out of it. He's
1:02:19
doing Titanic, right? Titanic, this is before Titanic
1:02:22
comes out, is going to be hit with a financially successful
1:02:24
film. And he's got people on his own team.
1:02:27
And 20th Century Fox, one of the
1:02:29
presidents there,
1:02:30
comes to James and
1:02:32
is trying to instill doubts into
1:02:35
James' mind. This is crazy. And this is,
1:02:37
if you listen to the early episodes of Founders, I'd have this segment
1:02:39
because it pop up so many times where
1:02:41
I called it Critics Don't Know Shit.
1:02:43
And what I remember is these just biographies are just full
1:02:45
of people confident in why what
1:02:47
you were doing just won't work. And so we see
1:02:50
that here. 20th Century Fox president Bill
1:02:52
Mechanic told Cameron that the film
1:02:54
would never see a dime a profit.
1:02:55
He suggested that Cameron should not only
1:02:58
surrender all his points, meaning his profits,
1:03:00
on Titanic, but give back half
1:03:02
of his points on the next film he did with Fox.
1:03:05
This conversation happened in Cameron's living room. Mechanics'
1:03:08
counteroffer did not go over well. Get
1:03:11
the fuck out of my house, Cameron
1:03:13
replied.
1:03:14
And I need to make the point that that level of confidence,
1:03:16
like sometimes it has to be externalized even when
1:03:19
it's not, you actually don't feel it at the time inside
1:03:21
because this is coming towards the end of the filming.
1:03:24
So the
1:03:24
production, like the actual shooting of Titanic
1:03:27
is wrapping up, right? But then he's got to figure out
1:03:29
how to edit it. It is one of the lowest points
1:03:32
of James' life. He's
1:03:34
like, just kill me now. But
1:03:36
you still have the strength or the belief
1:03:38
in what you're doing, even though you feel like shit, to
1:03:41
make sure that you don't give in to the doubts of other people. He
1:03:43
was exhausted and drained. He had enough footage for a
1:03:45
four hour movie and was wildly
1:03:48
over budget and had been told there was zero possibility
1:03:50
that the film could make any money. His movie
1:03:53
was the laughingstock of Hollywood. Critics
1:03:55
don't know shit. The
1:03:58
media was attacked. attacking him and ridiculing
1:04:01
him daily. The Hollywood media,
1:04:03
the media that he is right to ignore, is making
1:04:05
fun of him because they think this is gonna be like another
1:04:08
water world, like this
1:04:09
bust, you spend all this money. Remember,
1:04:12
it's about to make more money
1:04:13
than anything else and this is what was happening,
1:04:16
right before, it's darkest before the dawn. This
1:04:19
is Great Line, the founder of Vans,
1:04:21
a shoe company.
1:04:22
He says opportunity is a strange
1:04:24
beast, it commonly appears after a loss.
1:04:27
I don't know why that came to mind
1:04:28
when I got to this point, but this is what I was thinking of.
1:04:31
He had enough footage for a four hour movie, was wildly
1:04:33
over budget and had been told there was zero possibility
1:04:35
the film could make money. His
1:04:37
movie was The Laughing Stock of Hollywood and the media was ridiculing
1:04:40
him, attacking him daily. I thought to myself, Lord,
1:04:42
take me now.
1:04:45
He had finished one impossible task only to face
1:04:47
another, but that was tomorrow.
1:04:49
And then right after this was just this funny interaction
1:04:51
he had with Fox's CEO, Rupert
1:04:53
Murdoch. In the middle of this terminal, the director
1:04:56
ran into the news corporation chairman and CEO, Rupert
1:04:58
Murdoch at the studio. I guess I'm not your favorite
1:05:00
person at the moment, Cameron said to the media baron,
1:05:03
but the movie is going to be good, he promised. It better
1:05:05
be better than good, Murdoch told him.
1:05:08
And so what happens, Titanic winds up being number
1:05:11
one for 16 straight weeks
1:05:13
and makes almost $2 billion. Almost
1:05:16
makes $2 billion in the movie
1:05:18
and this is why he's so interesting. He
1:05:21
is bent on doing what he wants to do when
1:05:23
he wants to do it and maintaining absolute
1:05:25
control of what would be the apex of
1:05:28
his powers as a director. Cameron would
1:05:30
step away from feature filmmaking altogether.
1:05:32
After Titanic, Cameron took to calling
1:05:35
himself the world's busiest unemployed
1:05:37
filmmaker. I've got my fuck
1:05:39
you money and I can kind of step away for
1:05:42
a while. So as you can already tell from his
1:05:44
interviews, from this book, if
1:05:46
you watch a bunch of video, like video interviews of him too,
1:05:49
that is by far his favorite word. These
1:05:51
are his words, right? This is how he talks. I
1:05:53
got my fuck you money
1:05:54
and I can kind of step away for a while. My career is not
1:05:56
going anywhere and I can do all the cool stuff that I've wanted
1:05:59
to do now. And so what does
1:06:01
he do when he wants to get away from all the pressure? He
1:06:03
does what... this is the weirdest thing,
1:06:05
surprising thing to me. It's like, I just did
1:06:07
a Tiger Woods biography on episode 301.
1:06:09
Tiger Woods said the exact same thing that James did. He's
1:06:12
like, the only place he could get away from the pressure
1:06:14
was by diving deep into the ocean. It's
1:06:17
a surprising thing they had in common. For
1:06:19
Cameron, peace is found under the ocean. After
1:06:22
finishing a movie, he says, I usually go diving
1:06:24
first to decompress by literally decompressing.
1:06:27
I find the underwater world to be a great
1:06:29
anecdote to Hollywood. Nobody knows, nobody
1:06:32
down there knows who you are. That's exactly
1:06:34
what Tiger Woods said. And then James
1:06:36
adds another level to this. You are just part
1:06:38
of the food chain. And
1:06:41
so for the next eight years, he just dedicates
1:06:43
himself to becoming an explorer, which is
1:06:45
what he always wanted to be. In fact, there was a little
1:06:47
like a historical anecdote
1:06:49
where James Cameron is actually
1:06:52
underwater at the site of the Titanic
1:06:55
on 9-11. And so they come to the top,
1:06:58
I think he's with another person, I can't remember.
1:07:00
And they get to the top and the boat,
1:07:03
and they thought it was going to be like a cause for celebration.
1:07:05
And they get to the top and everybody's like, sullen
1:07:08
and depressed, and like, what's going on? And that's when he
1:07:10
found out that 9-11 had just happened.
1:07:12
And so he's looking back and trying to explain like why
1:07:14
he did this at this point in his life. And he says,
1:07:17
where are the 21st century's Magellans?
1:07:20
More important, where was the spirit of discovery in
1:07:22
the regular citizen who had once watched the moon
1:07:24
landing and been filled with wonder and
1:07:26
a sense of possibility? Exploration
1:07:28
is not a luxury.
1:07:30
It defines us as a civilization. By 2005,
1:07:33
Cameron had devoted seven of his midlife
1:07:36
years, potentially a director's most productive, to
1:07:38
the discovery of new places and new technology
1:07:41
rather than to making movies. And
1:07:43
so eventually he resurfaces, literally. And
1:07:46
he's like, all right, I'm going to make Avatar. And this is what
1:07:48
I meant. It was like one of the most impressive things about him, is that the
1:07:50
idea that he'll just let ideas simmer
1:07:53
for decades. He may not know how to do it, but he just keeps...
1:07:56
He says there's another line in the book earlier
1:07:58
on where he's like, I'll run out of time.
1:07:59
I ran out of time before I ran out of ideas. So
1:08:02
it says, at this point, Cameron hadn't released a feature film
1:08:04
in over a decade. He had been largely absent
1:08:06
from the Hollywood scene, writing in his
1:08:08
submarines, filming his documentaries, and tinkering
1:08:10
and building new filmmaking toys. The director
1:08:12
wrote his first treatment for Avatar 12 years
1:08:15
before. This is 12 years before he actually starts working
1:08:17
on it.
1:08:18
The only problem with making the movie in 1996 was
1:08:20
that it was impossible. The technology did
1:08:23
not exist. Again, we see this over and over again. I
1:08:25
know what I wanna do. I just don't know how to
1:08:27
do it yet.
1:08:29
And then he comments on this idea that he just doesn't let
1:08:31
ideas die. He doesn't let them go to waste. Cameron
1:08:33
jokes that he is like a Plains Indian who
1:08:35
wastes no piece of the buffalo. In his case,
1:08:38
it is his ideas that are made of use down
1:08:40
to the marrow. Sometimes decades later,
1:08:42
he started creating some of the images in Avatar
1:08:44
in the 1970s. That's what he was mentioning in the piece where
1:08:46
he had these drawings, and all these people come out after
1:08:48
the Avatar's widely successful. Like, you stole the idea from me.
1:08:50
He's like, oh yeah? Look at this, dated. I
1:08:53
wrote this when I was 19.
1:08:54
I had been processing this in my imagination
1:08:57
for decades. That is an incredible statement.
1:09:01
And so all the way back when he's founding his special
1:09:04
effects company, Digital Domain, I think
1:09:06
this is in 1992, the year before he founds
1:09:08
the company, he writes this thing called a digital manifesto.
1:09:11
It's like a 12 page, almost like a white paper, outlining
1:09:14
why he's starting Digital Domain and what he thinks is gonna
1:09:16
happen. And really, not
1:09:17
to focus on specifically what's
1:09:19
happening out there. What is the idea behind what's happening in the book?
1:09:22
And the idea that's happening behind
1:09:24
the book to me is like, what is obvious to you
1:09:26
in your industry that won't be obvious
1:09:28
to other people for a decade? This
1:09:30
was obvious to him a decade before it was obvious
1:09:32
to anybody else.
1:09:33
Cameron had written a digital manifesto, a passionately
1:09:36
argued 13 page document laying
1:09:38
out where he expected filmmaking to go in the coming
1:09:40
years. In his manifesto, he described
1:09:42
something called performance capture.
1:09:44
What he's calling performance capture is now known as motion
1:09:47
capture, and that's what you see in Avatar.
1:09:49
Performance capture, in which an actor would don
1:09:51
a data suit, sending a stream of information
1:09:53
about the actor's physical movements to a workstation.
1:09:56
Remember, this is 1992,
1:09:58
where it'd be inserted into a...
1:09:59
Synthetic environment artists would then use
1:10:02
software to turn the actors digitized performance
1:10:04
into a fantastical character
1:10:06
Cameron was rubbing elbows with the brightest
1:10:08
minds and special effects at that point so back in 1992
1:10:11
Okay, and this is the stuff they were talking about
1:10:13
it all seemed pretty obvious from where we were sitting
1:10:15
He says to most of Hollywood though the
1:10:17
possibilities of lifelike CG characters
1:10:20
driven by human performances wouldn't
1:10:22
be obvious for at least another decade as
1:10:25
As fasting sit here and think about like what
1:10:27
is obvious to you in your industry that will not
1:10:29
be obvious to other people in that industry
1:10:32
for a decade
1:10:33
and can you start working on these things now and
1:10:36
The last chapter in the book is all about the building of
1:10:38
avatar This is another main theme in the life
1:10:40
and career of James Cameron the fact that he said
1:10:42
he feels every idea is a work in Progress
1:10:45
he is attracted to hard.
1:10:47
I love this line It says a crew member wrote
1:10:49
a set catchphrase on the whiteboard.
1:10:52
It's avatar, dude Nothing works
1:10:54
the first time and another cool thing about James
1:10:56
Cameron. He sees all positive some I
1:10:59
love when these like people at the top of professions
1:11:01
interact with each other whether it's historical analogy or
1:11:03
something that's taken place In recent
1:11:05
history. This is where I mentioned earlier
1:11:07
how You know, he's willing to share
1:11:09
everything he learns Peter Jackson and Steven Spielberg
1:11:12
wound up spending a week Using Cameron's
1:11:14
equipment visiting working with his crew
1:11:16
visiting the production
1:11:18
and it says he was helping us get our heads around the
1:11:20
equipment
1:11:21
Jim is very generous in the way he shares knowledge
1:11:23
and information He doesn't jealously
1:11:25
guard technology and secrets
1:11:28
and then you fast-forward like another You know decade after this
1:11:30
book ends and that's part of the reason that Cameron
1:11:33
moved to New Zealand because he uses Jackson
1:11:35
special effects company. He was using it to build
1:11:38
on avatar
1:11:39
He's gonna use them for I think avatar 3 and avatar 4
1:11:41
too it's called Weta and it's actually headquartered
1:11:44
in New Zealand very close to where Cameron lives and
1:11:46
Finally one of the last pages of the
1:11:48
book There is a sentence that I think is the perfect
1:11:51
way to end this conversation this podcast
1:11:53
this time together That gives you a great
1:11:56
indication of James Cameron
1:11:58
the person and how he
1:11:59
he approaches his work. James
1:12:02
Cameron put on a blue baseball cap
1:12:04
with the letters HMFIC
1:12:08
printed on it. It stood for head
1:12:11
motherfucker in charge.
1:12:14
And that is where I'll leave it.
1:12:15
I'm going to leave the link down below
1:12:18
for this book. If you buy it, you'll be supporting the podcast at the same
1:12:20
time. I'm also gonna leave the link down for the GQ
1:12:22
article. At the top of the GQ article, you'll
1:12:24
see they'll have audio controls in case you wanna
1:12:27
listen to it. It's excellent. They did an excellent
1:12:29
job on it. I was listening
1:12:31
to it every night as I went to sleep, as I was
1:12:33
working my way through the book and thinking about this podcast.
1:12:36
So hope you check out both the GQ article and
1:12:38
this book,
1:12:39
absolutely fantastic. Another thing
1:12:41
that I hope you check out is if you get on my personal
1:12:43
email list. So I will go through, I don't know, I probably
1:12:46
have 75
1:12:48
highlights of this book. What I'll go through,
1:12:50
and this takes an unbelievable amount of time, is
1:12:52
I will go through and try to find the 10 favorite
1:12:56
sentences in the book. It's like 10 bullet
1:12:58
points that I wanna remember from
1:13:00
the book. If you wanna get on the list, the link is down below.
1:13:03
That is 311 books down, 1,000 to go, and
1:13:06
I'll talk to
1:13:07
you again soon. If you
1:13:08
enjoyed this episode, check out joincolossus.com.
1:13:12
There you'll find every episode of this podcast complete
1:13:14
with transcripts, show notes, and resources
1:13:16
to keep learning. You can also sign up for our
1:13:19
newsletter, Colossus Weekly, where we condense
1:13:21
episodes to the big ideas, quotations,
1:13:23
and more, as well as share the best content
1:13:25
we find on the internet every week.
1:13:30
Thanks for watching. I'll
1:13:32
see you next time. Bye. Bye.
1:13:35
Bye. Bye. Bye. Bye.
1:13:38
Bye. Bye. Bye.
1:13:41
Bye. Bye. Bye.
1:13:43
Bye. Bye.
1:13:45
Bye.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More