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Tim Ferriss · 2021-05-25

Chip Wilson — Building Lululemon, the Art of Setting Goals, and More | The Tim Ferriss Show

Lululemon founder Chip Wilson on building brands, future-spotting trends, goal setting, the Landmark-based culture he created, and cancel culture.

Chip Wilson — Building Lululemon, the Art of Setting Goals, and More | The Tim Ferriss Show
The guest

Chip Wilson: Serial entrepreneur and philanthropist who founded Lululemon Athletica in 1998 after building and selling Westbeach Snowboarding. He helped pioneer the athleisure category and now invests across apparel, real estate, and private equity while funding research to cure FSHD muscular dystrophy.

What this episode covers

Chip Wilson traces his path from a swimming-obsessed Calgary upbringing and a transformative high-paid stint on the Alaska oil pipeline to building apparel brands across surf, skateboard, snowboard, and finally Lululemon. He explains how he repeatedly spotted emerging sports trends about five years out and timed his entry and exit accordingly. A large portion of the conversation covers the transformational culture he built at Lululemon using five required books and courses (notably Landmark) distilled into a 30-term 'linguistic abstraction,' plus his philosophy of goal setting from the future rather than the past. He also reflects candidly on the 2013 Bloomberg interview that made him an early casualty of cancel culture, his views on brand focus, media as a commodity, hiring people who want families, and the relentless message 'do it now.'

Recommended on this episode

BookRecommendedISBN verified

Catch-22

Joseph Heller

“it's really my bible in life”
“there i am 18 years old reading it and i've read it 17 times now so it's really my bible in life it was really a wake-up call”— Chip Wilson
BookRecommendedISBN verified

Atlas Shrugged

Ayn Rand

“atlas shrugged was massive for me”
“atlas shrugged was massive for me you know to read that again when i was 18 i mean i know nothing about u.s politics”— Chip Wilson
BookRecommendedISBN verified

Good to Great

Jim Collins

“we both love this book good to great”
“the third would have been and i of course you know we both love this book good to great and just the context that good is the enemy of great”— Chip Wilson
BookRecommendedISBN verified

The Goal

Eliyahu Goldratt

“i can't believe that someone's taken something so boring and made it so interesting”
“the goal by goldblatt and it's really a fiction book very fun to read about the constraint theory of production”— Chip Wilson
BookRecommendedISBN verified

Mindset

Carol Dweck

“i love mindset by carol duke”
“i love mindset by carol duke i think you had her you may have you may have talked to her at one time”— Chip Wilson
BookRecommendedISBN verified

Black Box Thinking

Matthew Syed

“i really like black box thinking”
“i really like black box thinking the amazing story there of the planes that were coming back and landing in world war ii”— Chip Wilson
BookRecommendedISBN verified

The E-Myth

Michael Gerber

“michael gerber highly recommended”
“for people starting out the e-myth was really private for me you know being able to put myself five years in the future michael gerber highly recommended”— Chip Wilson
BookRecommendedISBN verified

Guns, Germs, and Steel

Jared Diamond

“guns germs and steel i loved”
“another one guns germs and steel i loved old peeled surprise winning book about how the world developed”— Chip Wilson
BookRecommendedISBN verified

Disunited Nations

Peter Zeihan

“dis united nations i really liked”
“another one that's kind of an updated one on that is dis united nations i really liked united nations”— Chip Wilson
BookRecommendedISBN verified

The Magic Strings of Frankie Presto

Mitch Albom

“one of the most fun ones i listened to lately”
“one of the most fun ones i listened to lately was the magic strings of frankie presto he brings in musicians from all over the world”— Chip Wilson
BookRecommendedISBN verified

The Overstory

Richard Powers

“the pros and the storytelling is just so compelling that it's pulling me through”
“i'm finishing up the overstory right now which one of pulitzer and is authored by richard powers it's about trees beautifully written”— Tim Ferriss
BookRecommendedISBN verified

10% Happier

Dan Harris

“i laughed all the way through that”
“of course you've had dan harris on 10 percent happier okay i laughed all the way through that learning about meditation”— Chip Wilson
MediaRecommended

How I Built This

Guy Raz

“i listened to every one of them they're all different and they're all fascinating”
“i know you had guy razon i listened to every one of them it doesn't matter how many businesses i listen to they're all different and they're all fascinating”— Chip Wilson

The guest's own work

ProductBy the guest

Lululemon Athletica

Lululemon

“he founded lululemon athletica inc creating an entirely new category of technical apparel called athleisure which is now a 400 billion or so global industry”— Chip Wilson
ProductBy the guest

West Beach Snowboarding

West Beach

“his career in the apparel industry began in 1979 as founder and ceo of west beach snowboarding limited”— Tim Ferriss
ProductBy the guest

Homeless Skateboards

Homeless Skateboards

“when i had the skateboarding business i bought another company called homeless skateboards you know i started selling it to the japanese into the europeans”— Chip Wilson
BookBy the guest

The Story of Lululemon (Little Black Stretchy Pants)

Chip Wilson

“the 2021 edition of his business memoir the story of lululemon is available for free at chipwilson.com forward slash book”— Tim Ferriss

Also referenced (named, not recommended)

ProductReferenced

Speedo Swimsuit

Speedo

“and so the speedo cost seven dollars and there was no such thing as goggles at the time so it fit into our budget perfectly and i started swimming”— Chip Wilson
ProductReferenced

Arc'teryx

Arc'teryx

“which includes brands such as archeryx salomon and wilson sporting goods chip currently sits on amers board of directors”— Tim Ferriss
ProductReferenced

Salomon

Salomon

“which includes brands such as archeryx salomon and wilson sporting goods chip currently sits on amers board of directors”— Tim Ferriss
ProductReferenced

Wilson Sporting Goods

Wilson

“which includes brands such as archeryx salomon and wilson sporting goods chip currently sits on amers board of directors”— Tim Ferriss
ProductReferenced

Gap

Gap

“my fear is is for a company like lou lem that's trying to be everything to everybody is that will they end up going the way of the gap”— Chip Wilson
BookReferencedISBN verified

The 7 Habits of Highly Effective People

Stephen Covey

“the next one would have been the seven habits of highly effective people by um covey all these things are so relevant today”— Chip Wilson
MediaReferenced

Psychology of Achievement

Brian Tracy

“inside of the psychology of achievement by brian tracy has about maybe an hour hour and a half on goal setting so i learned the linguistic structure of goal setting”— Chip Wilson
BookReferencedISBN verified

Middlesex

Jeffrey Eugenides

“my audio was great and the potato factory middlesex i could go on and on goes on and on”— Chip Wilson
BookReferencedISBN verified

The Potato Factory

Bryce Courtenay

“my audio was great and the potato factory middlesex i could go on and on goes on and on”— Chip Wilson
MediaReferenced

The Social Dilemma

“this has been discussed kind of ad nauseam in uh documentaries like the social dilemma and so forth”— Tim Ferriss

Big reveals from this episode

  • Wilson frames life as roughly ten great decisions and asks people for their top three; his own included Alaska, buying a house at 19, and starting his own business by 30.
  • At 18 he was among the highest-paid laborers in the world on the Alaska oil pipeline, a cost-plus job paying for 18 hours a day, earning about $700,000 in today's dollars by age 19.
  • His theory that around age 43 people get glasses, confront mortality for the first time, and divorce rates spike, triggering a midlife reassessment of life.
  • His core goal-setting insight from Landmark: create your present from the future (as if you woke with amnesia) rather than constraining your future from your past.
  • To avoid paying break-in insurance, Wilson slept in a tent inside his early Lululemon store with his two sons on Friday and Saturday nights for about six months.
  • He realized authentic American brand names contained the letter 'L' (which Japanese companies wouldn't invent), so he deliberately put three L's in 'Lululemon.'
  • He describes being one of the first people 'taken down' by cancel culture after a 2013 Bloomberg interview where his comment that 'some women's bodies don't work' for the pants was widely interpreted as judging women.
  • His central brand thesis: trying to be everything to everybody destroys great brands, as core mavens and connectors abandon a label even while short-term profits rise.

Worth remembering

  • Wilson's mother mailed him an Art Buchwald article arguing you must train your brain like your body, prompting him at 18 to read the top 100 books of all time.
  • At age 10 his father told him to swim a 100m backstroke fully 'all out'; going 100 percent, he broke the Canadian record despite being eight seconds off it.
  • His first apparel venture was triathlon clothing around 1980 for a global market of only about 200 people, teaching him the need for economy of scale.
  • The five required Lululemon trainings were Landmark plus Brian Tracy's Psychology of Achievement, Good to Great, The 7 Habits of Highly Effective People, and The Goal by Goldratt.
  • Every Lululemon store posted 15 to 40 employee goals publicly in the back room, and the company actively encouraged employees to quit for bigger dreams as a branding strategy.
  • Wilson's working definition of integrity: doing what you say when you say it in the expected way, and if you can't, cleaning up the mess and resetting conditions of satisfaction.
  • Lululemon stores were designed around an assumed customer earning $100 per hour, optimizing for a sub-10-minute shopping trip with functional layouts, three-way mirrors, and fast checkout.
  • At 60, Wilson asked his father for advice; after a day of thought his dad said 'do it now, do it right now,' which Wilson would put on a billboard.
  • Catch-22 is Wilson's 'bible'; he first read it at 18 and has read it 17 times.
  • Wilson preferentially hired women who wanted families, viewing the desire for children as the number-two instinct after survival and a strong signal of good people.