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    • The Negative Impact on Society's Happiness IndicatorsRising rates of anxiety, depression, loneliness, and suicide, particularly among college students and teen girls, highlight the urgent need to address these issues and reassess our relationship with social media and cell phone usage.

      Society's happiness indicators have been negatively impacted in recent years. Anxiety, depression, loneliness, and suicide rates have all significantly increased. College students and teens, especially teen girls, are experiencing high levels of anxiety. Depression rates are spiking, with almost half of the population reporting some form of depression. Loneliness rates have doubled over the years, and the surgeon general predicts it to be the next big epidemic. Suicide rates are also alarmingly high, with rates not seen since World War 2. The pandemic has amplified these issues, mainly due to the lack of strong connections with friends and family. Social media is also a contributing factor to anxiety and the decline of resilience. It is important to address these problems and reconsider our relationship with social media and cell phone access.

    • Prioritizing Tasks and Practicing Focus for Mental Well-being and ProductivityBy making a prioritized list of three tasks for the next day and practicing a two-minute morning routine to alleviate anxiety, individuals can improve focus and productivity while finding balance in all aspects of life.

      Prioritizing tasks and practicing focus are essential for mental well-being and productivity. Neil Pasricha emphasizes the importance of making a prioritized list of three things to be done the next day, thereby relieving anxiety and ensuring a clear focus. He also shares his two-minute morning practice of writing down statements that help alleviate anxiety and set a positive mindset for the day. Shane Parrish highlights the prevalent issue of spending more time bookmarking and prioritizing tasks rather than actually doing them. The constant distractions and notifications from apps hinder focus and contribute to a shrinking attention span. By consciously selecting one focus item, individuals can carve out time for things that truly matter, even if it's something small or personal. It's about prioritizing and finding balance, not just in work, but also in personal relationships and self-care.

    • Effective time management for work-life balance.Prioritize time, set boundaries, and focus on important tasks to achieve a work-life balance and maintain a healthy lifestyle.

      It is important to prioritize and plan our time effectively to achieve a work-life balance. Neil Pasricha emphasizes the use of family contracts to establish clear terms for personal time and commitments. By setting boundaries and dedicating specific days and nights for family and personal activities, we can ensure that we stay connected and maintain a healthy lifestyle. Additionally, Neil suggests having an untouchable day each week, where we focus on ourselves and cannot be reached, allowing us to recharge and prevent burnout. Lastly, he emphasizes the significance of writing down and accomplishing three important tasks each day, starting with the hardest one first. By implementing these strategies, we can maximize our productivity and fulfillment in both our personal and professional lives.

    • Creating a Personal Dashboard for Balance and PrioritizationA personal dashboard with specific goals in different categories can help maintain balance, prioritize, and achieve overall harmony in life. Self-care is essential for productivity and well-being.

      Creating a personal dashboard can help us maintain balance and prioritize different aspects of our lives. Neil Pasricha shares his own dashboard, which includes four main categories: strong core, fastest learning, best family, and best self. By setting specific goals within each category and tracking their progress with colored circles, he is able to see the overall picture of his life. This dashboard serves as a guidance system, reminding him to not focus myopically on one area and to maintain harmony and balance. It also highlights the importance of taking care of ourselves, as self-care is essential for our overall well-being and ability to perform at work and in other areas of our lives.

    • Building and Maintaining Strong Relationships for Long-Term SuccessPrioritizing quality time, fostering connection, and investing in relationships are vital for nurturing long-lasting and fulfilling bonds.

      Investing in and nurturing relationships is crucial for their long-term success. By prioritizing date nights and engaging in activities that strengthen the connection, individuals can prevent friction and maintain a deep tethering in their relationships. Neglecting these investments may lead to arguments and a transactional approach, which can ultimately damage the relationship. Additionally, it is important to feel a part of something larger than ourselves, whether it be through work or in our communities. This sense of belonging contributes to our overall fulfillment and engagement. Adhering to a structured schedule and seeking stimulation through learning also play essential roles in creating a satisfying career.

    • Boost Productivity and Well-being Through Scheduling and RoutinesImplementing schedules and routines can enhance productivity and overall well-being by reducing decision fatigue and optimizing cognitive load.

      Scheduling and creating habits and routines can significantly improve our productivity and overall well-being. By incorporating systems and automatic rules into our daily lives, we can alleviate decision fatigue and conserve our limited willpower. Neil Pasricha initially believed that living a schedule-free life would be ideal, but he now realizes the value of having structure. He uses an app to schedule his workouts, which ensures that he stays consistent and has energy for the rest of the day. Moreover, having a set routine reduces the mental burden of making countless decisions throughout the day. Designing our schedules consciously and following automatic rules allows us to optimize our cognitive load and achieve greater success.

    • Creating Personal Rules for Success and DisciplineSetting clear personal rules can help us make important decisions in advance, eliminate the need for constant willpower, and lead to consistent choices that lead to desired outcomes.

      Setting clear rules for ourselves can lead to greater success and discipline in our lives. By creating personal rules, we can make important decisions ahead of time and remove the need for constant willpower and negotiation. For example, Shane's rule of never saying yes on the phone helped him prioritize his time and only commit to things that truly mattered. Similarly, Neil's rule of moving his money into investments based on specific thresholds prevented him from trying to time the market and allowed him to focus on long-term growth. These rules act as guiding principles that align with our best selves and help us make consistent choices that lead to desired outcomes.

    • Maintaining Discipline Through Clear Rules and an Enabling EnvironmentSetting rules, creating an environment that supports them, and utilizing personal strategies to minimize distractions can help maintain discipline and focus on what truly matters.

      Setting clear rules and creating an environment that supports those rules can help you maintain discipline even when you don't feel like it. Neil Pasricha shared his strategy of giving himself a label as a carb snob to resist temptation and enjoy carbs only when they meet certain criteria. He also discussed how he has taken steps to minimize distractions by deleting social media apps from his phone, disabling notifications, and creating friction when accessing certain apps or services. By doing so, he has made his phone a "pull device" that serves his needs rather than a "push device" that constantly bombards him with distractions. These guardrails help him stay focused and spend his time on what truly matters to him.

    • Building Resilience through Intentional Living and Facing ChallengesCultivating resilience involves being conscious of our experiences, addressing vulnerabilities, and embracing new challenges to persevere through failures and achieve success.

      Resilience can be cultivated by being conscious of our experiences and framing them as opportunities for growth. Neil Pasricha emphasizes the importance of living intentionally and recognizing our own tendencies towards seeking instant gratification, such as scrolling through apps for a quick dopamine treat. He argues that many of us have thin skin and need to address this vulnerability in order to build resilience. Shane Parrish adds that the pandemic has been a major life experience for everyone, akin to taking a significant picture in the camera roll of our lives. To further increase resilience, we should embrace new challenges, persevere through failures, and not be afraid to take multiple swings at success.

    • Building Resilience Through Overcoming ChallengesRecognizing and reframing difficult experiences as accomplishments can foster resilience. Teaching children perseverance and reflection on past achievements is vital for building resilience in the face of future obstacles.

      Resilience is built through facing and overcoming difficult challenges. The speakers highlight the importance of recognizing and acknowledging the hardships that individuals have experienced, such as the COVID-19 pandemic. By reframing these challenges as accomplishments, individuals can develop a sense of resilience and confidence in facing future obstacles. The conversation also emphasizes the need to teach children the value of perseverance and not always giving in to their immediate desires. The pandemic has shown that constantly making things easier for children can hinder their development of resilience. It is crucial to have conversations about the impact of these experiences and to encourage individuals to reflect on their past achievements in order to strengthen their resilience for the future.

    • The Healing Power of Nature: Boosting Mental and Physical HealthTaking just a few minutes each day to connect with nature can improve our overall well-being by reducing stress and anxiety, increasing energy levels, and promoting a positive mindset.

      Immersing ourselves in nature can greatly benefit our mental and physiological health. Researcher Dr. Jing Lee has found that spending time in nature increases the production of cancer-killing cells, improves heart health, and reduces anxiety and stress levels. Trees release a chemical called phytoncides, which, when breathed in, can reduce cortisol levels and alleviate anxiety. Therefore, it is important for individuals to take at least 2 minutes in the morning and find some time during the day to connect with nature. By resetting our physiology and reducing cortisol and adrenaline levels, we can experience increased energy and a more positive mindset. Nature can serve as a powerful tool for improving resilience and overall well-being.

    • The Impact of Social Media Algorithms and the Importance of Balance and ClaritySocial media algorithms exploit our negativity bias, leading to polarization and the loss of genuine discussions. It's crucial to find work-life balance and redefine success beyond professional achievements. Quiet quitting promotes a healthier approach to work.

      Our brains are wired to focus on the negative and social media algorithms capitalize on this tendency. We naturally gravitate towards negative comments and reviews, which can have a detrimental impact on our well-being. Moreover, social media platforms reward extreme behavior, pushing us to post exaggerated content in order to gain attention and validation. This can lead to increased polarization and the loss of genuine and balanced discussions. In addition, the conversation touches upon the concept of burnout, emphasizing the importance of finding a work-life balance and reevaluating priorities. The pandemic has allowed some individuals to gain clarity and reevaluate their definition of success beyond the traditional notion of professional achievement. The idea of quiet quitting, or focusing on doing the expected amount of work without overexertion, aligns with this perspective.

    • The Impact of Remote Work vs. Office Work on Career AdvancementThe decision to work remotely or in the office can affect career growth, as building trust in the office may lead to faster promotions. However, personal values and priorities should also be considered, as this choice can have long-term ramifications.

      The decision to work remotely or return to the office can have significant implications on one's career advancement. Shane Parrish argues that those who choose to work in the office are more likely to build trust with their colleagues and superiors, which can lead to faster promotions and raises. However, this does not necessarily mean that they work harder or better than those who work remotely. It is also important to note that this dynamic may not apply to organizations in hybrid mode or those that are fully remote or in-person. Additionally, individuals need to carefully consider their personal values and priorities when making this decision, as choosing to work remotely may result in being perceived as less ambitious or driven. Ultimately, the key takeaway is that the choice between remote work and office work can have long-term implications on one's career trajectory and should be made consciously.

    • The Importance of In-Person Interactions in the WorkplaceWhile remote work offers flexibility, it is important to consider the valuable insights, collaboration, and sense of community that come with in-person interactions in the office environment.

      There are significant advantages to having in-person interactions and connections in the workplace. Water cooler conversations and casual interactions can lead to valuable insights, collaboration, and the prevention of duplication of work. Being physically present allows for a greater sense of community and a deeper understanding of the organization as a whole. While remote work has its benefits, including flexibility, it may lack the intangible benefits and social connections that come with being in an office environment. When evaluating career opportunities, individuals should consider what they may regret not pursuing and also have a backup plan or "plan B" in case things don't work out as desired.

    • Focus on Intrinsic Motivation for True SatisfactionPrioritize intrinsic motivators over external rewards to maintain a genuine love for your work and find true fulfillment in your pursuits.

      It's important to prioritize and value intrinsic motivators over extrinsic motivators. Neil Pasricha shares his experience of becoming addicted to extrinsic motivators, such as follower counts and book rankings, which resulted in him losing his intrinsic desire to write. Research shows that when exposed to extrinsic motivators, our intrinsic motivators are hidden in our brain, leading to less satisfaction and reduced learning. It is crucial to constantly ask ourselves if we would do the work we're doing for free, as it indicates our burning intrinsic motivation. Letting things we can't control, such as rankings and government responses, dictate our happiness and mindset is counterproductive. By focusing on intrinsic motivators, we can find true satisfaction and fulfillment in our pursuits.

    • Prioritizing intrinsic motivation and presence for a happier life.Disconnecting from technology, engaging in intentional living, and cultivating authentic relationships can lead to a more fulfilling and connected life.

      We need to be aware of the traps of extrinsic motivators and intentionally design our lives to prioritize intrinsic motivation and presence. Our brains have millions of years of evolutionary history that make us prone to constantly looking for problems. However, this can lead us to focus only on the negative and miss out on the joys of life. By choosing to engage in activities like reading books, engaging in intentional living, and disconnecting from excessive technology, we can cultivate a happier and more fulfilling life. Additionally, our excessive use of phones and constant distractions can hinder our ability to connect with others on a deeper level. Being present in the moment and prioritizing authentic relationships can lead to greater rapport and kinship with others.

    • The negative impact of constant device connection on human connection and presence.Setting boundaries with devices and being mindful of cell phone addiction can improve our ability to connect with others and live in the present moment.

      Our constant connection to devices is inhibiting our ability to truly connect with others and live in the present moment. Neil Pasricha highlights how having a device constantly within reach distracts us from meaningful interactions and makes us prioritize digital content over real-life experiences. He suggests introducing friction, such as keeping chargers in inconvenient locations, to prevent impulsive and regrettable actions fueled by our depleted decision-making energy. Both Neil and Shane discuss the positive effects of setting boundaries with devices, such as leaving phones in a different room or disconnecting from the internet at certain times. They emphasize the importance of being aware of and addressing cell phone addiction, which can negatively impact our psychological well-being and lead to unhealthy comparisons with others.

    • Different Types of Success and How to Achieve ThemSuccess can be defined in different ways - financially, socially, and personally. It's important to understand and balance these types of success to find fulfillment and contentment in our pursuits.

      Success can be defined in different ways and it is important to clarify what type of success we are pursuing in different areas of our lives. The three types of success discussed are sales success, social success, and self-success. Sales success refers to achieving financial or tangible results, while social success relates to gaining recognition and praise from others. On the other hand, self-success involves personal satisfaction and fulfillment. It is crucial to understand that these types of success are not mutually exclusive and that we have the power to prioritize and balance them based on our goals and values. By understanding this, we can better manage our ambitions and expectations, allowing us to find fulfillment and contentment in our pursuits.

    • Rethinking Success: Defining Your Own Goals and PrioritiesSuccess should be measured by personal goals, not external comparisons. Focus on what brings you joy and fulfillment, prioritize creativity, and embrace growth over perfection.

      Success should not be defined solely by external achievements or comparisons to past successes. It is important to understand and articulate the type of success you want for each project or endeavor you take on. By knowing and focusing on your own goals and aspirations, rather than constantly trying to top previous accomplishments or meet societal expectations, you can free yourself to pursue projects that truly bring you joy and fulfillment. This shift in mindset allows you to prioritize the artistic or creative aspects of your work and ultimately leads to a more authentic and enjoyable process. It may be challenging to break free from the pressure to constantly achieve more, but the goal is to consistently improve and grow, not to be perfect.

    • Stepping outside your comfort zone: Creating meaningful experiences and personal growth.Embrace new experiences and challenge yourself to live a fulfilling life, as the ups and downs of daily life pale in comparison to the bigger picture.

      Stepping outside of your comfort zone and doing something new can create meaningful experiences and help you grow. This applies not only to vacations but also to everyday life. By challenging ourselves and pushing beyond our limits, we can make lasting memories and feel a sense of accomplishment. Neil Pasricha shares his personal experience of collecting 10 rocks, each representing a decade of his life, as a reminder of the times he ventured outside his comfort zone. This serves as a metaphor for thinking long-term and realizing that the ups and downs of daily life are not as significant as the bigger picture. By embracing new experiences and striving to live a fulfilling life, we can make the most of our time here.

    • The Power of Confidence in Navigating LifeEmbracing confidence and recognizing our own self-worth while appreciating the beauty in others allows us to live intentionally and fully, appreciating the preciousness of our existence.

      Confidence plays a significant role in our happiness. Neil Pasricha suggests that confidence allows us to navigate through the rapids of life. He explains a 2x2 matrix where our opinion of ourselves and others determines our position. Cynicism arises when we have a low opinion of both, arrogance when we have a high opinion of ourselves but a low opinion of others, and insecurity when we have a high opinion of others but a low opinion of ourselves. Confidence, he defines, is having a high opinion of oneself and others. By recognizing our own worth and acknowledging the beauty in others, we can live more intentional and fulfilled lives. Ultimately, it is about being aware of the preciousness of our existence and not taking it for granted.

    • Appreciating Life's LotteryWe should be grateful for the opportunities, joys, and privileges we have in life, as we are part of a fortunate minority in the grand scheme of humanity.

      We should remember the lottery of life. We are incredibly fortunate to be alive and have the opportunities we have. Out of the 115 billion people who have ever lived, we are one of the 8 billion alive today. This means we have already won a 1 in 15 lottery. We should appreciate the simple joys of life, like watching a sunset or enjoying a bowl of ice cream, because 14 out of every fifteen people will never experience these things again. Additionally, having an education and earning more than $5,000 a year puts us in a privileged position globally. We should be grateful for the freedoms we have and continue to make the most of the opportunities before us.

    Recent Episodes from The Knowledge Project with Shane Parrish

    #199 Esther Perel: Cultivating Desire (2019)

    #199 Esther Perel: Cultivating Desire (2019)

    Few episodes in The Knowledge Project’s nine-year history have impacted people’s relationships and lives more than when Esther Perel shared her infinite wisdom for the first time in 2019.

    Shane and Esther discuss how the stories you tell yourself shape how you see the world (and what to do about that), the important conversations to have at the beginning of a relationship, the most common arguments couples have and how to prevent them, what to say to a partner if the relationship isn’t working out, the relationship between desire, love, and pleasure, and so much more. Plus, the conversation starts out on an interesting note: Esther Perel shares stories about her parents surviving the Holocaust and how their experiences shaped her childhood and continue to shape her life today.


    (00:00) Intro
    (02:38) Coming back to life after the war
    (08:09) The myth of stability
    (11:30) The power of reflections
    (19:48) Important conversations for early relationships
    (24:20) Can values change in relationships?
    (27:20) Being secure in a relationship
    (30:40) Better conversations with your partner
    (33:00) What's behind every criticism
    (36:52) Too much honesty
    (39:37) What happens if I don't love my partner
    (47:12) Why does good sex fade in relationships?
    (50:59) Love vs. desire
    (55:38) How to have difficult conversations with your partner
    (01:05:13) Conscious uncoupling


    Watch the episode on YouTube: ⁠⁠⁠https://www.youtube.com/c/theknowledgeproject/videos⁠⁠⁠

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠⁠⁠https://fs.blog/newsletter/⁠⁠⁠

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠⁠⁠https://fs.blog/clear/⁠⁠⁠

    Follow me: ⁠⁠⁠https://beacons.ai/shaneparrish⁠⁠⁠

    Join our membership: ⁠⁠⁠https://fs.blog/membership/

    #198 Maya Shankar: The Science of Identity

    #198 Maya Shankar: The Science of Identity

    Shane Parrish and Maya Shankar dive into the complexities of identity and personal transformation. They explore how significant life changes can reshape one's sense of self and explain how to navigate these transitions. Maya shares her personal stories and tips on making proactive choices and keeping a flexible, layered sense of self. They also discuss the psychological and philosophical aspects of identity, offering practical advice on goal-setting and personal growth.
    Maya Shankar is a cognitive scientist and the creator, executive producer, and host of the podcast, A Slight Change of Plans. Shankar was a Senior Advisor in the Obama White House, where she founded and served as Chair of the White House Behavioral Science Team. She holds a Ph.D. in Cognitive Psychology from Oxford and a B.A from Yale.

    (00:00) Intro

    (02:40) Shankar's "almost unbelievable" story of getting into Julliard

    (05:30) Why Shankar studied identity

    (11:38) What is identity?

    (14:52) Using your identity to accomplish your goals

    (18:00) Using anti-identities to accomplish your goals

    (18:51) What to do when your identity is "attacked"

    (26:30) How to re-establish trust in institutions

    (32:30) Use identity to start a positive habit

    (35:35) How to debunk myths with stories and facts

    (37:18) How does how we frame our goals help (or prevent) us from accomplishing them

    (43:11) The one motivational technique Shankar uses every day

    (45:15) On success


    Watch the episode on YouTube: ⁠⁠https://www.youtube.com/c/theknowledgeproject/videos⁠⁠

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠⁠https://fs.blog/newsletter/⁠⁠

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠⁠https://fs.blog/clear/⁠⁠

    Follow me: ⁠⁠https://beacons.ai/shaneparrish⁠⁠

    Join our membership: ⁠⁠https://fs.blog/membership/

    #197 Michaeleen Doucleff: TEAM Parenting

    #197 Michaeleen Doucleff: TEAM Parenting

    It's surprising how often we give our kids orders: "Do this!" "Don't do that!" But if we want to raise resilient and independent kids, is this the right approach? Michaeleen Doucleff argues there's a better way, and in this conversation, she explains why and shares practical strategies for solving the parenting "crisis" in the modern world.


    In this conversation, Doucleff reveals four parenting principles that will help foster resilience and independence in your kids while protecting and enhancing their emotional well-being. Shane and Doucleff discuss her observations on how different cultures approach parenting and how their practices can help alleviate the burdens we place on ourselves and our children. We also explore the role of technology and its impact on our parenting and our children's development and maturity.
    Michaeleen Doucleff is the author of Hunt, Gather, Parent. Her work has taken her all over the world to explore, observe, and learn from the parenting practices of various cultures. She is also a correspondent for NPR's Science Desk.

    (00:00) Intro

    (04:12) How (and why) we've lost our way as parents

    (08:02) The rise of the nuclear family

    (13:46) TEAM Parenting: T

    (17:20) TEAM Parenting: E

    (23:01) Why you don't need to praise your child

    (26:12) TEAM Parenting: A

    (36:42) TEAM Parenting: M

    (38:34) "Kids do not need to be entertained"

    (39:12) Technology, parenting, and transmitting values

    (1:02:59) Resources parents can use to educate kids about technology

    (1:04:50) How you can use the environment to give kids autonomy

    (1:09:56) Success and parenting


    Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠https://fs.blog/clear/⁠

    Follow me: ⁠https://beacons.ai/shaneparrish⁠

    Join our membership: ⁠https://fs.blog/membership/

    #196 Brent Beshore: Business Brilliance and Happiness at Home

    #196 Brent Beshore: Business Brilliance and Happiness at Home

    Succeeding in both life and business is very difficult. The skills needed to scale a company often clash with those required to cultivate a thriving home life. Yet, Brent Beshore seems to have cracked the code—or at least he's actively working on it. In this conversation, he spills his secrets on excelling in both arenas.

    This episode is split into two parts: the first 45 minutes covers life and how to be a better person. Brent opens up about the evolution of his marriage, physical health, and inner life.

    The rest of the episode focuses on business. Shane and Beshore discuss private equity, how to hire (and when to fire) CEOs, incentives, why debt isn’t a good thing in an unpredictable world, stewardship versus ownership, and why personality tests are so important for a functional organization.
    After beginning his career as an entrepreneur, Brent Beshore founded Permanent Equity in 2007 and leads the firm as CEO. He works with investors and operators to evaluate new investment opportunities.


    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge


    (00:00) Intro

    (05:08) Why Brent examined his life

    (09:44) How Brent "fixed" his relationships

    (20:04) How helping hurts

    (32:13) How Brent was subtly controlling relationships

    (40:36) Why Brent stopped drinking (mostly)

    (50:29) How to run a business with love yet competitively

    (01:00:34) Win-win relationships

    (01:05:34) On debt

    (01:19:28) On incentives

    (01:29:08) How to hire and fire CEOs

    (01:34:18) What most people miss about hiring

    (01:44:19) Brent's playbook for taking over a company

    (01:51:20) On projections

    (01:55:52) Revisiting investments

    (01:58:44) How "hands-off" is Brent?

    (02:08:34) Where people go wrong in private equity

    (02:14:07) On success

    #195 Morgan Housel: Get Rich, Stay Rich

    #195 Morgan Housel: Get Rich, Stay Rich

    The skills it takes to get rich are drastically different from the skills it takes to stay rich. Few understand this phenomenon more than Morgan Housel. He's identified unique lessons about wealth, happiness, and money by studying the world's richest families and learning what they did to build their wealth and just how quickly they squandered it all.
    In this conversation, Shane and Housel discuss various aspects of risk-taking, wealth accumulation, and financial independence. Morgan explains the importance of understanding personal financial goals and the dangers of social comparison, lets everyone in on his personal financial “mistake” that instantly made him sleep better at night, and why the poorest people in the world disproportionately play the lottery—and why it makes sense that they do. They also touch on the influence of upbringing on financial behaviors, the difference between being rich and wealthy, and the critical role of compounding in financial success. Of course, we can’t have a writer as good as Morgan Housel on the podcast and not ask him about his process, so Housel concludes with insights into storytelling, his writing processes, and the importance of leading by example in teaching financial values to children.
    Morgan Housel is a partner at Collaborative Fund. Previously, he was an analyst at The Motley Fool. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers and was selected by the Columbia Journalism Review for the Best Business Writing anthology. He's the author of two books: The Psychology of Money and Same as Ever.
    Watch the episode on YouTube: ⁠https://www.youtube.com/c/theknowledgeproject/videos⁠

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: ⁠https://fs.blog/newsletter/⁠

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - ⁠https://fs.blog/clear/⁠ 

    Follow me: ⁠https://beacons.ai/shaneparrish⁠

    Join our membership: ⁠https://fs.blog/membership/⁠


    Sponsors

    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. ⁠https://protekt.com/knowledge


    (00:00) Intro

    (04:46) Risk and income

    (07:40) On luck and skill

    (10:10) Buffett's secret strategy

    (12:28) The one trait you need to build wealth

    (16:20) Housel's capital allocation strategy

    (16:48) Index funds, explained

    (20:59) Expectations and moving goalposts

    (22:17) Your house: asset or liability?

    (27:39) Money lies we believe

    (32:12) How to avoid status games

    (35:04) Money rules from parents

    (40:15) Rich vs. wealthy

    (41:46) Housel's influential role models

    (42:48) Why are rich people miserable?

    (45:59) How success sows the seeds of average performance

    (49:50) On risk

    (50:59) Making money, spending money, saving money

    (52:50) How the Vanderbilt's squandered their wealth

    (1:04:11) How to manage your expectations

    (01:06:26) How to talk to kids about money

    (01:09:52) The biggest risk to capitalism

    (01:13:56) The magic of compounding

    (01:16:18) How Morgan reads

    (01:22:42) How to tell the best story

    (01:24:42) How Morgan writes

    (01:35:42) Parting wisdom and thoughts on success

    #194 Abigail Shrier: The Parent-Therapy Trap

    #194 Abigail Shrier: The Parent-Therapy Trap
    Over the last decade, therapy has become the de facto solution to solve all sorts of problems for all sorts of people. Everyone has slowly accepted that therapy is normal and a net benefit to society.

    But instead of helping kids work through difficult circumstances, what if it's just making the problems worse? That's what Abigail Shrier thinks is happening, and in this conversation, she reveals some surprising reasons why.

    Shane and Shrier discuss the real reason therapy is "bad," how we got to this point of acceptance as a culture, and what you can do as a parent to get back to normalcy. Shrier also shares her experiences with lifelong therapy patients, who should actually be in therapy, and the one thing that makes someone a successful parent.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge

    (00:00) Intro
    (05:44) Inverse: How do we raise mentally unstable kids?
    (08:29) How we got to now
    (11:45) Bad therapy...or just social trends?
    (13:21) Being your kids' friend: good or bad?
    (15:55) The parenting type that raises the BEST kids
    (21:35) Is this all the parents' fault?
    (29:53) Is "Bad Therapy" a world-wide problem?
    (32:57) Talk to your kids' therapist about these things
    (42:09) The importance of facing adversity in childhood
    (47:06) Can we blame grad schools for all of this?
    (49:14) On technology and social media
    (51:03) Schools should "never" have gotten involved in mental health
    (54:43) Did COVID accelerate "bad therapy?"
    (56:07) How to return to normalcy
    (58:21) Why Shane shares negative YouTube comments with his kids
    (01:01:23) Shrier's experience being "cancelled"
    (01:04:13) On prestige media
    (01:07:47) Small steps parents can take to return to normal
    (01:11:02) Dealing with schools saying one thing and parents saying another
    (01:13:32) Why is the silent majority...silent?
    (01:16:32) If this continues, what happens?
    (01:18:19) What makes someone a successful parent?

    #193: Dr. Jim Loehr: Change the Stories You Tell Yourself

    #193: Dr. Jim Loehr: Change the Stories You Tell Yourself

    What if reaching the next level of success wasn't determined by another skill, degree, or course but by something that changed on the inside?

    That's what Dr. Jim Loehr believes, and in this episode, he reveals everything he knows about mental toughness and winning the mind game. Shane and Loehr discuss the radical importance of the stories you tell yourself—including how they can damage your kids—and how to change the negative stories you believe. Loehr also shares the best reflection questions to ask yourself to reveal personal blindspots, the importance of rituals for calming anxiety and performing under pressure, and how the best in the world use their recovery time effectively.

    Dr. Jim Loehr is a world-renowned performance psychologist and author of 16 books. From his more than 30 years of experience and applied research, Dr. Loehr believes the single most important factor in successful achievement, personal fulfillment, and life satisfaction is the strength of one’s character. Dr. Loehr possesses a masters and doctorate in psychology and is a full member of the American Psychological Association.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

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    Protekt: Simple solutions to support healthy routines. Enter the code "Knowledge" at checkout to receive 30% off your order. https://protekt.com/knowledge

     

    (00:00) Intro

    (03:20) Parenting and storytelling

    (06:15) How to determine whether or not the stories are limiting or enabling you

    (08:41) What the stories world-class performers tell themselves

    (15:02) How to change the stories you tell yourself

    (23:26) Questions to journal about

    (26:16) Private voices vs. public voices (and how they impact your kids)

    (31:32) How to help your friends change their stories

    (37:30) How to better come alongside your kids to prevent destructive behavior

    (44:48) - (45:06) What Loehr knows about high performers that others miss

    (53:12) On time and energy

    (01:06:26) Conquering the "between point" ritual

    (01:11:50) On rituals vs. habits

    (01:15:54) How to increase your mental toughness

    (01:23:51) On success

     

     

    #192 David Segal: Yearly Planning, Daily Action

    #192 David Segal: Yearly Planning, Daily Action

    Working in a business and working on a business are two different things. Without the former, nothing gets done; without the latter, the wrong things get done. David Segal has a unique way of managing that tension, and this episode, he reveals all his business operating secrets and explains how he failed along the way.

    Shane and Segal discuss what entrepreneurship really is, where motivation comes from, and what Segal learned building a $200 million tea business. Shane and David also dive deep into the dark side of success and the radical depression that can strike when you get a big payday, life and business lessons they learned from Warren Buffett, and the value of time management.

    David Segal is the co-founder of Firebelly Tea. He’s also best known as “the David” of DAVIDsTEA. During his time at DAVIDsTEA, Segal grew the company from a single store to a $200 million retail giant. Segal left DAVIDsTEA in 2016 and started Mad Radish—a quick service restaurant concept. Mad Radish is all about providing healthy, gourmet fast foods. In 2021, Segal started Firebelly tea to create exceptional loose leaf teas tailored to modern living.

    Listeners of The Knowledge Project can receive a special 15 percent discount on Firebelly Tea products by heading to www.firebellytea.com and entering the code Shane15 at checkout.

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

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    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsor:

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

     

    (00:00) Intro

    (04:59) What entrepreneurship really is

    (07:10) How to manage your psychology

    (10:40) Yearly planning, daily action

    (15:50) Avoiding "ivory-tower syndrome"

    (18:30) Segal's childhood and background

    (25:15) The history of DAVIDsTEA and Firebelly

    (36:40) The evolution of tea and business over the last twenty years

    (42:30) On failures

    (49:00) Dealing with depression

    (52:30) Lessons about money

    (56:55) Business and life lessons from Warren Buffett

    (1:00:00) On time management

    (1:04:50) What's missing in Segal's life

    (1:08:39) On success

     

     

    #191 Dr. Rhonda Patrick: Diet Essentials For Healthy Living

    #191 Dr. Rhonda Patrick: Diet Essentials For Healthy Living
    Shane Parrish sits down with the renowned biochemist Dr. Rhonda Patrick to explore the intricate world of nutrition and health. Dr. Patrick provides a deep dive into the role micronutrients play in our daily health, detailing how deficiencies and insufficiencies in vitamins, minerals, fatty acids, and amino acids can lead to serious health issues over time. Shane and Dr. Patrick also discuss the science behind deliberate heat exposure. She outlines the optimal sauna conditions—temperature, duration, and frequency—necessary to achieve these health benefits and explains the physiological mechanisms at play.
     
    Rhonda Patrick has a Ph.D. in biomedical science and a Bachelor of Science degree in biochemistry/chemistry from the University of California, San Diego. She has done extensive research on aging, cancer, and nutrition.
     

    (00:00) Intro

    (04:40) A philosophy for nutrition

    (15:36) Micronutrients through supplements vs. food

    (25:43) Wild-caught vs. farm-raised fish

    (28:44) Organic vs. non-organic vegetables

    (36:14) On macronutrients

    (40:20) How protein levels differ in different foods

    (45:27) The best morning smoothie recipe

    (54:48) Dr. Patrick grades Shane's "GOAT" smoothie recipe

    (59:14) Grass-fed vs. non-grass fed

    (01:04:40) On vitamin D (Is sunscreen killing us more than the sun?)

    (01:19:48) Deliberate heat and cold exposure

    (01:44:27) Top three behavioral and diet interventions for life and health improvements

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

    Eight Sleep: Sleep to power a whole new you. https://www.eightsleep.com/farnamstreet

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    #190 Brad Jacobs: Building a Business Empire

    #190 Brad Jacobs: Building a Business Empire
    Throughout his tenure, Brad Jacobs has built multiple billion-dollar companies. While there is no "playbook" for growing a business, he focuses on a few factors above all else in every company he operates, and in this conversation, he reveals them all.

    Shane and Jacobs discuss how to read anyone during an interview through a series of intentional questions, the exciting role of AI and technology in the future of business, and where money-making ideas hide in companies. Jacobs also shares how his training in math and music made him a better business operator, the one thing he focuses on to grow his businesses, how to spot big trends before everyone else, and the only thing a company should focus on for success.

    Brad Jacobs has started five companies from scratch and led each to become a billion-dollar or multibillion-dollar enterprise. These include three publicly traded companies: XPO Logistics, where he serves as Chairman and CEO, United Rentals, and United Waste Systems. Before starting XPO in 2011, Jacobs founded United Rentals in 1997 and led the company as Chairman and Chief Executive Officer. In 1989, he founded United Waste Systems.
     
    (00:00) Intro
    (04:44) The future of AI
    (07:21) How to think rationally
    (08:48) The major trend
    (10:57) The research process
    (13:29) On asking better questions
    (19:35) On rearranging your brain
    (22:23) On music, math, simplicity, and business
    (32:26) Leverage, debt, and optionality
    (35:11) What it takes to take contrarian bets
    (40:45) Confidence and parents
    (50:21) Why negative-only feedback is detrimental for employees
    (56:14) Money lessons
    (58:13) A deep dive on M&A (Jacobs' secret sauce to growing his companies)
    (01:07:51) Questions to immediately get to know anyone
    (01:11:14) On boards and board meetings
    (01:16:57) On decision-making
    (01:23:37) The role of capital markets
    (01:25:41) The type of person you don't want to hire
    (01:31:16) The best capital allocators
    (01:33:53) Biggest lesson Jacobs learned from the past year
    (01:37:20) On success
     

    Watch the episode on YouTube: https://www.youtube.com/c/theknowledgeproject/videos

    Newsletter - I share timeless insights and ideas you can use at work and home. Join over 600k others every Sunday and subscribe to Brain Food. Try it: https://fs.blog/newsletter/

    My Book! Clear Thinking: Turning Ordinary Moments into Extraordinary Results is out now - https://fs.blog/clear/ 

    Follow me: https://beacons.ai/shaneparrish

    Join our membership: https://fs.blog/membership/

    Sponsors:

    Eight Sleep: Sleep to power a whole new you. https://www.eightsleep.com/farnamstreet

    Shopify: Making commerce better for everyone. https://www.shopify.com/shane

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