Logo
    Search

    Podcast Summary

    • The Importance of Developing Discipline and Changing BehaviorDeveloping discipline early in life and changing behavior to form new habits increases the likelihood of maintaining discipline throughout life, providing an advantage in work and life.

      Developing discipline is essential for success. Discipline is not just a mindset, but it is also a behavior that needs to be ingrained as a habit. Changing behavior is key to instilling discipline and increasing the likelihood of sustaining it throughout life. The sooner discipline is incorporated into one's habits, the greater the chances of maintaining it. Waiting or hesitating to change habits later in life may require a more comprehensive and committed approach. This insight comes from performance psychologist Dr. Gio Valiante, who has worked with top athletes, entrepreneurs, and investors. Developing discipline and resilience can provide an advantage in work and life, and it starts with changing behavior and forming new habits.

    • The Role of Talent and Hard Work in Achieving ExcellenceBlending talent, hard work, and passion is crucial for exceptional achievements in any field; it's not just about natural talent, but also dedication and enjoyment of the craft.

      Both talent and hard work play a significant role in achieving excellence in any domain. While some individuals possess natural prodigiousness, like Rory McIlroy's golf swing or Eddie Van Halen's musical talent, others can compete through effort and dedication. The top performers at the tail end of the curve often blend their vocation and avocation, where work and hobbies fuse together. They have a deep love for their craft, and the hard parts of their profession become enjoyable challenges. Hard work becomes a habit, and they are willing to put in the hours, even when they are already successful. This blending of talent, hard work, and passion leads to exceptional achievements, whether it is in sports, investing, science, or any other field.

    • The Value of a Differentiated Perspective and DisciplineHaving a unique perspective and maintaining a disciplined approach are essential for achieving success in any field. Developing good habits and consistently following through on them is key.

      Having a differentiated perspective can greatly contribute to success. Whether it's in sports, markets, or any other field, the way we interpret and approach the same objective can set us apart from the competition. This can mean seeing the game of football as an arms race for talent, focusing on spacing, or prioritizing speed. It can also translate to investing, where some emphasize quick trades while others focus on making big bets on good ideas. Additionally, maintaining a rigorous and disciplined process is crucial for achieving excellence. Aristotle's observation that "we are what we do every day" reinforces the idea that success comes from developing good habits and sticking to them.

    • Harnessing the Power of Consistency for SuccessEstablishing consistent habits and routines can help reduce chaos and enhance decision-making, leading to greater success in various aspects of life. Discipline and routine serve as a reliable foundation for achievement.

      Consistency and routine can have a significant impact on success. By establishing consistent habits and processes in our lives, we can mitigate the natural variability and chaos that comes with everyday life. This applies to various aspects, such as waking up at the same time, maintaining a consistent exercise routine, and following a structured pre-flight checklist. By incorporating routine into our lives, we can free up cognitive space to make better decisions and think more effectively. This principle has been proven in sports, such as the "fearless golf routine," where golfers were able to perform better by following a specific process before, during, and after their shots. Additionally, effective hiring and some degree of luck can also contribute to achieving success. Discipline and routine provide a reliable foundation for achievement, allowing us to navigate the ups and downs of life more effectively.

    • Developing Discipline: A Malleable TraitDiscipline can be developed over time through dedication and commitment. It is important to change behavior and practice discipline consistently, without rewarding oneself or allowing exceptions. Ongoing commitment and awareness are necessary to maintain discipline.

      Discipline is a malleable trait that can be developed over time. It is not a fixed characteristic like personality or IQ. Discipline is the ability to withhold gratification and stay focused on a process or goal. Priming and environmental conditions can increase the probability of disciplined behavior. It is easier to instill discipline in a person's habits at a younger age, but it is still possible to change habits later in life with dedication and commitment. It is important to change the actual behavior and be consistent in practicing discipline. Rewarding oneself or allowing exceptions can undermine efforts to develop discipline. Like recovering alcoholics who must stay vigilant to avoid relapse, maintaining discipline requires ongoing commitment and awareness.

    • The holistic approach to disciplineDiscipline requires self-awareness, commitment, and consistent effort. Understanding the role of the environment in behavior change can help in effectively shaping and maintaining discipline.

      Discipline requires self-awareness, commitment, a behavioral component, and consistent effort. Even after forming a new habit, old patterns can still linger, so staying disciplined is an ongoing process. Additionally, the environment plays a crucial role in shaping behavior. Both genetics and surroundings contribute significantly, making it challenging to mold behavior effectively. Understanding the concept of situated cognition, which recognizes that thinking occurs in space, can help provide insights into behavior change. A simple example is how changing a student's seating arrangement in a classroom can positively impact their behavior. Sometimes, altering the environment is more effective than relying solely on willpower. Overall, discipline requires a holistic approach that considers both the individual and their surroundings.

    • The Role of Environment in Shaping Behavior and Developing ResilienceCreating environments that foster perseverance and provide opportunities to overcome obstacles is crucial for developing resilience, which is a precursor to success.

      Our environment plays a significant role in shaping our behavior, thoughts, feelings, and actions. By changing our surroundings or the people around us, we can become a better version of ourselves. Talent hotbeds, places that produce disproportionate talent, are often characterized by primal cues rather than wealth and comfort. These primal cues create a high-stakes environment that sharpens focus and accelerates skill development. On the other hand, growing up in too much comfort can hinder resilience and grit when faced with challenges. To develop resilience in ourselves and our children, we need to create environments that encourage perseverance and provide opportunities to overcome obstacles. Resilience is not just a result of success, but a precursor to it.

    • Embracing Failure: The Catalyst for Growth and ResilienceFailure is not something to be feared or avoided; it is a necessary part of personal and professional development, leading to growth, resilience, and ultimately, success and happiness.

      Resilience and the ability to withstand failure are crucial for long-term success and fulfillment in life. Just as in nature, where forests benefit from controlled burns and ecosystems flourish after natural disasters, humans also grow and thrive through adversity. Overprotecting children or shielding them from hardships can actually hinder their development, making them fragile and ill-prepared for life's challenges. Similarly, when individuals experience loss, failure, or personal crises, they often discover newfound freedom and creativity, unburdened by societal expectations or personal baggage. It's in these moments of rock bottom that the potential for great success and happiness emerges. So rather than fearing failure or sheltering ourselves and others from it, we should embrace it as a necessary catalyst for growth and resilience.

    • The Importance of Developing Resilience and Self-Reliance in Parenting.True parenting involves spending quality time with children, being honest with them, and fostering self-confidence through trial and error. Building resilience is more crucial for success than academic ability or intelligence.

      Parenting should be focused on developing resilience and self-reliance in children. By making their lives too easy and protecting them from risks, parents are creating fragility that can lead to suffering later in life. Modern-day parenting often becomes a vanity project, where parents are more concerned about their image than their child's long-term development. True parenting involves spending time with children, telling them the truth, and being willing to do the hard work, which includes taking things away from them. The ultimate goal is to foster self-confidence and belief in their own abilities through trial and error. Research shows that persistence in the face of adversity is more important than academic ability or IQ in predicting success. Providing feedback that focuses on effort rather than intelligence can help develop this persistence in children.

    • The key sources of advantage for success go beyond talent and intelligence.Success is a result of various factors like effort, patience, resilience, curiosity, and luck. Talent alone is not enough; it is the combination of these qualities that leads to extraordinary results.

      Success is not solely dependent on talent or intelligence. The sources of advantage, as mentioned by Dr. Gio Valiante and expanded upon by Shane Parrish, include effort, patience, the ability to withstand pain, temperament, the right partner, energy, curiosity, and luck. While talent may be a factor, it is not the sole determinant of success. Instead, it is the combination of these different sources of advantage that can lead to extraordinary results. It is crucial to reinforce the importance of work ethic and effort, as well as to cultivate qualities such as patience, resilience, and curiosity. By recognizing and harnessing these sources of advantage, individuals can position themselves for unparalleled success.

    Recent Episodes from The Knowledge Project with Shane Parrish

    #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

    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/

    Sponsor:

    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/

    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/

    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

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

    #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

    #189 Chris Davis: Three Generations of Wealth

    #189 Chris Davis: Three Generations of Wealth

    Most families who obtain immense wealth squander it by the third generation. But Chris Davis comes from a family whose grandfather and father all became independently wealthy of each other, and Davis has done the same. How does that keep happening? In this conversation, we find out.

    Shane and Chris discuss life and investment lessons he learned from his father and grandfather, why writing is more important to clarify one's thinking no matter who's reading it, and the surprising benefit of reading physical newspapers and wearing ties to work. Davis also shares his value-investing philosophy, what he learned from working with and meeting Charlie Munger, and what parents can do to raise kids who aren't entitled. Davis talks about his alcohol drink tracker and why it's important to him, why he never puts himself in situations where envy can grow, and Warren Buffett's letter about why investment managers underperform.

    Chris Davis has been a Director of The Coca-Cola Company since April 2018. Davis is Chairman of Davis Selected Advisers-NY, Inc., an independent investment management firm founded in 1969. Davis joined Davis Selected Advisers-NY, Inc. in 1989 as a financial analyst and in 1995, he became a portfolio manager of the firm’s flagship funds. Prior to joining Davis Selected Advisers-NY, Inc., he served as a research analyst at Tanaka Capital Management and as an accountant at State Street Bank and Trust Co.

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

    Newsletter - Each week I share timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/

    My New 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

     

    (00:00) Intro

    (03:20) Life lessons Davis learned from his grandfather and father

    (26:24) The importance of writing things no one reads

    (36:55) Davis' experiences through financial crises

    (52:31) Why Davis loves managing a mutual fund

    (55:49) Why Berkshire Hathaway operates with margin

    (01:01:05) What is risk?

    (01:04:02) On low interest rates and their future impact

    (01:14:46) The mismatched timelines between CEOs, companies, investors, and policy

    (01:22:19) How Davis and Munger met

    (01:30:20) Lessons learned from Munger

    (01:41:29) Why avoiding weaknesses is the ultimate recipe for success

    (01:55:46) How to raise non-entitled kids and avoid lifestyle creep

    (01:16:10) On happiness

    (02:27:00) Good vs. bad board meetings

    (02:31:34) Three generations of wealth

    (02:37:15) On success

    #188: Bryan Johnson: Five Habits for Longer Living

    #188: Bryan Johnson: Five Habits for Longer Living
    What can you do (or avoid) tomorrow to guarantee you can live longer?

    In this episode, Bryan Johnson reveals the five simple disciplines you can start doing to live healthier and longer. Johnson shares what his daily routine looks like, the ins and outs of his experimentation process, and why he gave his father plasma.

    Johnson also opens up about the constant hate he receives from people online, how he deals with it all, and what he wishes he'd known when he sold his company.

    Bryan Johnson is the world's most measured human. Johnson sold his company to PayPal in 2013. Through Project Blueprint, Johnson has achieved metabolic health equal to the top 1.5% of 18 year olds, inflammation 66% lower than the average 10 year old, and reduced his speed of aging by the equivalent of 31 years.

    Johnson is also the founder of Kernel, creator of the world’s first mainstream non-invasive neuroimaging system; and OS Fund, where he invested in the predictable engineering of atoms, molecules, and organisms.

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

    Newsletter - Each week I share timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/

    My New 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

     

    Timecodes:

    (00:00:00) Intro

    (00:03:45) On biographies

    (00:08:03) On depression and coping mechanisms

    (00:14:18) Self-destructive behavior and how to pitch Blueprint to someone

    (00:26:50) What a day looks like on Blueprint (exercise and what to eat)

    (00:42:06) How to turn Blueprint protocols into habits

    (00:45:17) Embracing the hate

    (00:49:07) The downsides and lessons of making money

    (00:59:22) The five habits

    (01:05:09) Why does posture matter?

    (01:07:48) Relationship between biological health and sexual health

    (01:09:50) Hair-loss prevention

    (01:15:46) Sunscreen, plastics, and other miscellaneous impacts on aging

    (01:18:30) How will AI help us?

    (01:22:10) On success

    Dr. Becky Kennedy: The One Thing You Can Say That Changes Everything

    Dr. Becky Kennedy: The One Thing You Can Say That Changes Everything

    Dr. Becky Kennedy shares the skills you need but didn't get taught on regulating emotions, setting boundaries, and the best sentence you can say when a partner tells you something difficult.

    While there is an obvious focus on parenting, the most surprising thing about this episode was how much of what we discussed applies to EVERY relationship in your life.

    Learn how to parent more effectively with less stress, repair after a disagreement, regulate emotions, and unlock the next level in all of your relationships. Listen and Learn

    Dubbed the “The Millennial Parenting Whisperer” by TIME Magazine, Dr. Kennedy is the #1 New York Times bestselling author of Good Inside: A Guide to Becoming the Parent You Want to Be. She also hosts “Good Inside with Dr Becky,” the top kids and family show on Apple Podcasts.

    ---

    Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/

    Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/

    Follow Shane on Twitter at: https://twitter.com/ShaneAParrish

    Our Sponsors:

    MetaLab: Helping the world’s top companies design, build, and ship amazing products and services. https://www.metalab.com

    Sidebar: Accelerate your career. https://www.sidebar.com/shane

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

     

     

    Related Episodes

    25 Traits of Highly Talented People

    25 Traits of Highly Talented People

    How do you define talent?

    Is it a combination of physical traits that allows an advantage over competitors? Is it God-given innate talent and gifts given to the rare few that allow potential to meet performance? Are people just born with talent, while the rest of us have no hope?

    Matt dissects this idea of “talent” in today’s episode and what he has learned by working with some of the best endurance athletes in the world, as well as many CEOs and business leaders.

    All of them are gifted, yes, but the talent to create greatness goes well beyond their mathematical skills or the size of their lungs.

    Quite simply, talented people, and the ability to be great over a long period of time, are fueled by the optimal use of their gifts. They convert potential into performance with longevity.

    This is where real talent lies.

    The greatest performers in sport, business, and life have similar aligned traits that facilitate greatness, and these traits are the key ingredients in a recipe that enable them to stay in the high-achieving performance zone as long as possible.

    What are these traits? What is the magic recipe? Matt goes into depth so that you, too, can learn what talent means to in order to enhance or improve your own performance journey.

    You're in control of maximizing your performance potential.

    To read more about Common Traits of Highly Talented People, click HERE.

    Follow Purple Patch Fitness and learn more about our Coaching Services, Training Camps, Promotions and Matt's Latest Book, Fast Track Triathlete:


    Thanks for taking a listen and, if you like what you hear, please subscribe, share, rate and review. Your feedback is appreciated.

    Subscribe to the Purple Patch Podcast:

     

    Copyright 2018 All Rights Reserved

     

    Vetting and hiring talent with Ben Schneider - EMP240

    Vetting and hiring talent with Ben Schneider - EMP240

    In this conservation, Ben Schneider and I discuss how to find and hire help for your business. We dive into the details of how to interview and what exactly to look for. One tip he recommends is to always do a video interview when vetting someone. 

    Ben is a serial entrepreneur and has been in the industry for more than 10 years now. He has experience with management, marketing, outsourcing, remote work, team building and entrepreneurship. Ben is also the host of the Business & Lifestyle Legends Podcast.

    CONNECT WITH BEN

    Personal Website: https://benschneider.biz

    Jobmofy: https://jobmofy.com/

    Instagram: https://instagram.com/benschneider8

    CONNECT WITH ME

    Follow me on Instagram: https://www.instagram.com/chrisbello_  

    Download my free guide on Productivity Hacks I recommend by visiting https://chrisbello.com/free   

    643 Don't Ask Me A Question You Don't Want Answered

    643 Don't Ask Me A Question You Don't Want Answered

    One thing I learned at a very young age was if asked a question by an adult, I was to respond and look them straight in the eyes. But today, that's not what happens. Don't ask me a question you don't want answered.

    We are so quick to shut the other person up by our own words. Frankly, it's rude and disrespectful. I don't like it when I do it.

    Desire to be supported and encourage by other like-minded women? Join us at Women of IMPACT. http://facebook.com/groups/thewomenofimpact   

    How many time are we stuffing our own thoughts down the throats of others?

    We are expecting certain words or statements to come out of their mouth. But instead of waiting to hear what they have to say, we interrupt and interject our own words.

    If we are answering our own questions we're asking, then maybe you're in a monologue - a one way street. Instead of listening only to yourself, why not listen to what others say and have a dialogue - a two way street discussion. 

    Plus, if you are quick to step on words, are you really interested in what they have to say?

    Don't ask me a question you don't want answered.

    How do you want your conversations to be? Do you want to be the one controlling the conversation? If so, then just make statements.

    How are you conversing with your husband? Your children? Your corporation/business?

    The K.I.S.S. ~ Keep your mouth shut and listen!

    1. VALUE who they are by listening.
    2. AFFIRM them by repeating/paraphrasing what was said.
    3. HUG them with your words. Encourage them.

    Join in the conversation: How are you listening? Send me an email at kristianne@createyournow.com 

     

    MINDSET: If you are ready to create impact, let's start with your STORIES, your WHY, your CHANGE. What do you need to move you forward so you can take that next step. BREAKTHROUGH! This is a FREE 20-minute call where you discuss a part of your story, discover your WHY and answer the questions "Is the gain worth the change?". We will break it down and focus on 3 fast action strategies that will springboard you. Let's do this together! You were created on purpose, for a purpose. Stand up, and be STRONG! Be the Woman of IMPACT God created in you! 

     

    If you would like to go deeper and explore this further, let's get on a DISCOVERY CALL. Go to createyournow.com. This is free for you and for those serious about working with me! You will walk away with one new action to move you closer to your goals. You are worth the time!!!

     

    Would love to hear what you are working on.

    Send your challenges and celebrations to yourbestselfie@createyournow.com

     

    TAKE A.I.M. ~ Action Ignites Motivation  - This is a complimentary coaching call with me. You will be able to discuss your specific situation and gain tools and strategies to move you forward.

    Live. Love. IMPACT!  

    "One step at a time leads to miles of greatness!"

    Subscribe to Create Your Now TV on YouTube.

    Wanting help with goals, setting your schedule, or need someone to talk to (even if you don't know what you need)? It's time you TAKE A.I.M. ~ Action Ignites Motivation. This is FREE for you. Stop trying to do it by yourself. Put YOU first! Become your best selfie so you can live your life's purpose.

     

    ANNOUNCEMENT: Ready to shine your light and tell your story. Please click on MY STRENGTH IS MY STORY. Here you can submit yourself to appear on the podcast or make recommendations as who you would like to hear. This is going to be a beautiful series!

     

    Subscribe to Create Your Now TV on YouTube.

    Listen to Create Your Now on iHeart Radio. Click here.

    The Create Your Now Archives are LIVE!! You can subscribe and listen to all the previous episodes here.  http://bit.ly/CYNarchive1 and http://bit.ly/CYNarchive2 and http://bit.ly/CYNarchive3

     

    PERISCOPE USERS!!!

    Click here for ANDROID Users / GOOGLE  https://play.google.com/store/apps/details?id=tv.periscope.android

    Click here for APPLE Users  https://itunes.apple.com/app/id972909677

     

    THE NO FUSS MEAL PLAN

    Twitter
    @KristianneWargo
    @CreateYourNow

    Facebook
    www.facebook.com/TheKISSCoach
    www.facebook.com/CreateYourNow

    Contact me at YourBestSelfie@CreateYourNow.com

    Read more from Kristianne, a contributor to The Huffington Post, MindBodyGreen, Thrive Global, Addicted2Succes, and She Owns It.

    https://addicted2success.com/success-advice/5-things-to-do-while-waiting-for-success-to-manifest-in-your-life/

    http://www.huffingtonpost.com/kristianne-wargo/

    http://bit.ly/9amHabits

    https://journal.thriveglobal.com/how-to-configure-a-sleep-pattern-fit-for-you-d8edd3387eaf#.sniv275c3

    sheownsit.com/when-failure-is-your-middle-name/

     

    DOMESTIC BEAUTIES (Announcements)

    1. Come and let's connect on Facebook - Women Of IMPACT  http://facebook.com/groups/thewomenofimpact

    2. Create Your Now ~ Your Best Selfie can be heard on iHeart Radio

    3. Create Your Now Archive 1 is LIVE! You can subscribe and listen to all the previous episodes here. http://bit.ly/CYNarchive1

    4. Create Your Now Archive 2 is LIVE! You can subscribe and listen to all the previous episodes here. http://bit.ly/CYNarchive2

    5. Create Your Now Archive 3 is LIVE! You can subscribe and listen to all the previous episodes here. http://bit.ly/CYNarchive3

    6. NEW Website! Go check it out and tell me what you think. http://www.createyournow.com

    7. Sign Up for The A.I.M. Academy! You will be the first to learn all about it. http://createyournow.com/m-academy-2

    8. Schedule a Discovery Call. This is a free 30-45 minute call for those serious about coaching with me.

    9. Newsletter and Library: If you desire to get weekly emails,be sure to sign up here so you can stay connected. http://createyournow.com/library

     

    Music by Mandisa - Overcomer

    http://www.mandisaofficial.com

     

    Cover Art by Jenny Hamson

    How Do You Bounce Back Resiliently?

    How Do You Bounce Back Resiliently?

    There's been a lot of talk about how hard & smart work improves your chances of success. But, did you know that stepping away from work at intervals helps improve your chances of success dramatically?

    Yes, stepping away helps!

    You see, we have misconstrued the definition of hard work, determination & resilience to be drowned in work all the time when it's actually detrimental to your creativity, productivity & motivation. You need to be able to totally disconnect to come back better!!

    Learn how!

    24: Todd Lieman on A Day Well Lived

    24: Todd Lieman on A Day Well Lived

    In episode 24, Aaron interviews Todd Lieman, who we've referred to in previous episodes as the "Toddfather." If you've heard our story of how we partnered with Airstream and spent three months on the road as part of their Endless Caravan campaign, Todd is the one who made that possible for us. That trip ultimately inspired us to start Muse + The Catalyst so we're really excited to have Todd on the show and come full circle.

    Todd is a father, writer, creator of A Day Well Lived, and acronym master.  He shares his love of helping others achieve their own dreams and how to overcome any resistance that may hold us back. Todd and Aaron also discuss the important role discipline plays in getting us through the hard parts of pursuing our passions.  

    Todd shares anecdotes from the books that have most inspired him, the power of gratitude, and a few acronyms that keep him accountable to his goals. This episode is a rich and honest discussion on being creative individuals trying to chase our dreams.

    Show notes can be found at www.museandthecatalyst.com/podcast/episode24

    “Go confidently in the direction of your dreams.  Live the life you’ve imagined.”   

    -Henry David Thoreau