We Study Billionaires - The Investor’s Podcast Network
Business:Investing
Clay Finck is joined by Shane Parrish to discuss his new book, Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response.
Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Podcast, where he focuses on mastering the best of what other people have already figured out. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro.
03:09 - How Shane differentiates between high-quality and low-quality information.
10:30 - What the enemies of clear thinking are.
12:36 - Why we should prioritize the outcome over our ego.
15:32 - Preventative measures we can use to combat the enemies of clear thinking.
23:16 - Why we can’t rely on willpower to achieve the outcomes we desire.
23:54 - How successful people outposition others in order to outperform others.
28:38 - How we can optimize our environment to achieve better outcomes.
31:54 - Frameworks related to differentiating our outcomes from our underlying decision-making processes.
36:13 - How Shane thinks about determining what really matters in life.
40:48 - Why happiness needs to be thought of as derived internally rather than derived from something external.
46:08 - What the important things in life are to Shane.
48:25 - How Shane remains grounded in what’s most important.
56:03 - Why Shane started a holding company that buys wonderful businesses.
57:05 - What led Shane to invest alongside Howard Marks and Bill Ackman when joining Tiny’s board.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
NEW TO THE SHOW?
P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!
SPONSORS
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
TIP591: Currencies and Debt w/ Lyn Alden
TIP590: Lifelong Learning w/ Jim Kwik
BTC158: Systemic Bond Issues & Bitcoin's Impact w/ James Lavish (Bitcoin Podcast)
TIP589: Stock Market Crises & Bubbles w/ Brendan Hughes
BTC157: Personal AI Models and Bitcoin w/ Jeff Booth (Bitcoin Podcast)
TIP588: Lucrative Opportunities in Private Credit w/ Nelson Chu
BTC156: Bitcoin is Not A Hedge w/ Parker Lewis (Bitcoin Podcast)
RWH036: The Power Of Simplicity w/ Anthony Kingsley
TIP587: Dino Polska: A Polish Compounder w/ Kyle Grieve & Clay Finck
BTC155: Dylan LeClair Bitcoin Market Overview (Bitcoin Podcast)
TIP586: Mastermind Q4, 2023 w/ Tobias Carlisle and Hari Ramachandra
TIP585: Concentrated Value Investing w/ Shree Viswanathan
BTC154: Bitcoin and Macro Mastermind Q4 2023 w/ Joe Carlasare, Jeff Ross, and Steven McClurg (Bitcoin Podcast)
RWH035: Learning from Warren Buffett & Charlie Munger w/ Chris Davis
TIP584: Optimizing for the Long-Term w/ Sahil Bloom
BTC153: Bitcoin's Taproot Asset Protocol w/ Ryan Gentry (Bitcoin Podcast)
TIP583: Preparing for the Bear Market to Come w/ Gautam Baid
BTC152: The Debt Event Horizon & Bitcoin w/ Jesse Myers (Bitcoin Podcast)
RWH034: The High Road To Riches w/ Peter Keefe
TIP582: Quality & Defensive Investing w/ Christian Billinger
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Forward Guidance
Macro Voices
Money Girl
So Money with Farnoosh Torabi
The YNAB Podcast