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    • Breaking Free from Societal Expectations to Discover Our True SelvesRecognizing and challenging societal expectations is the first step towards living a more fulfilling life and embracing our authentic desires. We have the power to create a meaningful existence by being true to ourselves.

      Societal and family expectations can lead us to disconnect from our true selves, ultimately causing a deep sense of hollowness and depression. We often play by the scoreboard of what others want from us, following paths that don't align with our authentic desires. However, it's never too late to break free from these expectations and discover our true selves. Recognizing our unconscious shaping to fit the expectations of others is the first step towards living a more fulfilling life. The purpose of life, in essence, is to uncover our true selves and live authentically, embracing kindness along the way. Remember, we have the power to change our course and create a more meaningful existence.

    • Unveiling the Illusion: Breaking Free from External Identity and Reclaiming Our True SelfOur attachment to external factors for our sense of self can lead us astray. By understanding the protective nature of this attachment, we can reclaim our true identity and build a healthier self-relationship.

      We often attach our sense of self and identity to external factors, such as our job or title. This attachment is rooted in early experiences, like school or family dynamics, where we may have been labeled a certain way (e.g., the athletic one, the high-achieving student). Over time, we internalize these labels and connect our self-worth to them. However, as we reach midlife or face challenges, this external identity starts to crumble, leaving us feeling lost and hoodwinked. To break free from this pattern, it's crucial to uncover the benefit of attaching our self-worth to externalities. Understanding that it serves as a protective shield allows us to start reclaiming our true sense of self and develop a healthier relationship with our identity.

    • Unconscious Patterns: Understanding Their Purpose and ImpactRecognize and question the benefits gained from our unconscious patterns, explore the risks and fears of breaking free, and transform our behaviors to create the conditions we truly desire.

      Our unconscious patterns and behaviors often serve a purpose in keeping us safe and providing a sense of belonging. These patterns may have developed from our upbringing or family lineage, where we adopt certain methodologies to fit in. However, it's essential to recognize the benefits we gain from these patterns and question whether they align with the conditions we claim we don't want. For example, a CEO may complain about always being depended on by their staff, but deep down, it gives them a sense of importance and validation. To bring awareness to these patterns, we must explore the risks and fears associated with breaking free from them. This self-reflection allows us to transform and create the conditions we truly desire.

    • Overcoming the Fear of Wasting Time: Navigating Psychological Safety and RelationshipsUnderstanding the impact of our fear of wasting time can help us break free from shame and fear, leading to healthier perspectives on success and feedback.

      Our fear of wasting someone's time can deeply impact our psychological safety and relationships. When we hold power within an organization or create content like a podcast, our fear of being seen as a waste of time can cause us to constantly seek validation and improvement. We may overlook positive feedback and only focus on negative comments or criticisms. However, this fear can also serve as motivation to continuously improve our skills and prove ourselves. By understanding the benefits and motivations behind our reactions, we can start to release ourselves from the grip of shame and fear, and develop healthier perspectives on success and feedback.

    • Shifting from Negative to Positive: Embracing Self-Forgiveness for a Meaningful LifeEmbrace positivity, acknowledge accomplishments, and forgive yourself for mistakes to lead a more fulfilling life.

      Our tendency to focus on negative outcomes and use them as motivation can drive us to achieve certain goals, but it ultimately leaves us feeling hollow and unfulfilled. This negative-driven mindset may be ingrained in us through socialization or even evolution, but it comes at a cost. We need to consciously shift to a mindset of embracing the positive, acknowledging our accomplishments, and finding intrinsic worth in our actions. Forgiving ourselves for mistakes and flaws is a crucial part of this process. By recognizing the importance of self-forgiveness and shifting our perspective to appreciate the positives, we can lead more meaningful and rewarding lives.

    • Cultivating Resilience and Equanimity for Personal GrowthEmbracing resilience and equanimity allows us to navigate life's challenges with strength, forgiveness, and self-worth, leading to a more positive and fulfilling approach to personal growth.

      Cultivating resilience and equanimity is essential for personal growth and self-acceptance. We often have a tendency to carry the weight of past experiences or negative emotions as motivation, but this can hinder our ability to forgive ourselves and let go of negativity. By embracing resilience, we can navigate the ups and downs of life with inner strength and handle challenges more effectively. Equanimity, on the other hand, allows us to maintain a sense of self-worth and learn from our mistakes without attaching our value to them. It is about finding joy in the process of growth and improvement rather than being driven by negative self-talk or fear. By embracing both resilience and equanimity, we can create a more positive and fulfilling approach to life.

    • Finding joy in your true purpose and avoiding the comparison game.Find fulfillment in your work, embrace contentment, and stay focused on your own journey instead of comparing yourself to others.

      Finding joy and fulfillment in doing the work you were born to do is invaluable. Despite comparing oneself to others who may have more wealth or success, the satisfaction derived from aligning with your true purpose carries immense power. External validations, like a friend recognizing the impact of your work, can reinforce this sense of purpose and assure you that you are on the right path. Moreover, realizing that having "enough" is a powerful antidote to the insatiable hunger for more, both in terms of wealth and personal achievements. Cultivating a sense of contentment and being proud of your own accomplishments helps avoid getting trapped in the opinions or judgments of others and allows for true liberation. Additionally, the pervasive nature of social media and constant exposure to others' highlight reels can make it challenging to resist the comparison game. It is crucial to remember that everyone's life has a mix of happy and challenging moments, and staying grounded in your own journey is key.

    • The impact of society's obsession with not feeling like we have enough.While the fear of not being enough can drive progress and innovation, finding a balance and taking joy in our pursuits is essential for true greatness.

      Society's obsession with not feeling like we have enough can have detrimental effects on individuals and their self-worth. The constant comparison and desire for more that is perpetuated by social media and advertising can lead to a feeling of inadequacy. However, on a collective level, this drive for more and not feeling like we have enough can also lead to progress and innovation. The fear of not being enough has motivated individuals and communities to take risks and make incredible advancements. Nevertheless, it's important to find a balance and recognize that true innovation often occurs when we are relaxed and not driven solely by a fear of not being enough. Finding the joy in doing something magnificent and reaching for the stars can truly inspire greatness.

    • Embracing Both Sides: The Path to Personal Growth and MotivationAcknowledging and accepting our negative self-talk, embracing extrinsic motivation, and journaling for self-reflection can lead to personal growth, fulfillment, and overcoming hollowness and depression.

      Acknowledging and embracing both the negative and positive aspects of ourselves can lead to personal growth and motivation. By recognizing the negative self-talk and thanking it for its role in keeping us safe, we create space for our better angels to come forward. These better angels represent our true potential and can drive us to accomplish amazing things. Extrinsic motivation, such as receiving praise and pride from loved ones, can also be a powerful force in propelling us forward. Additionally, embracing the "tragic gap" between where we currently are and where we aspire to be can serve as a purpose-driven motivator. Journaling, a personal habit of self-reflection, can further support this journey of self-discovery and growth. Through these practices, we can find fulfillment and overcome hollowness and depression.

    • The importance of processing emotions for a mindful life.Taking time to acknowledge and understand our emotions allows us to prevent negative impacts on our interactions and avoid overreacting, leading to a more conscious and present life.

      Taking the time to process your emotions is crucial for living a conscious and present life. Many of us are not socialized to pay attention to our feelings, but they have consequences whether we acknowledge them or not. Processing emotions means taking them down, examining them, and then letting them dissipate. By doing so, we prevent them from impacting our interactions with others and avoid overreacting to everyday situations. This can be done through practices like journaling, meditation, or simply taking moments of silence. The key is not to get caught up in the form or technique, but to focus on the function of understanding our emotions and how they shape our lives.

    • Cultivating resilience with discernment and skill.Resilience alone is not enough; we need to apply discernment and skill to handle life's challenges effectively and make better choices for a fulfilling and meaningful life.

      Resilience alone is not enough. We also need discernment and skill in order to truly handle life's ups and downs with equanimity. Resilience without discernment can lead to stubbornness and perseverance in the wrong direction. It's important to recognize when we are attaching secondary meanings to our goals and accomplishments, and to be able to discern whether our perseverance is truly serving us or if we are simply afraid of failure. Resilience should not be about enduring unnecessary punches, but about applying stick-to-itiveness and perseverance in the right ways. By cultivating resilience with discernment and skill, we can make better choices and create a more fulfilling and meaningful life.

    • Building Healthy Relationships through Discernment and Self-AwarenessBy understanding our triggers, communicating openly, and creating a safe environment, we can improve our relationships and navigate conflict effectively.

      Discernment is an underutilized tool in relationships. By unpacking and understanding our triggers and programming, we can better navigate conflict and stubbornness. Through self-awareness and radical self-inquiry, we can identify the stories we tell ourselves and communicate them to our partner. This practice creates psychological safety and allows for open and honest dialogue. It's important to be gentle with ourselves when these triggers arise and not let them overpower us. Additionally, love should feel safe, and if it doesn't, it may be attachment rather than true love. Taking the time to cultivate discernment and create a safe environment can greatly improve our relationships.

    • Building Psychological Safety and Self-Acceptance in RelationshipsTaking responsibility for our own emotional well-being and working on developing psychological safety within ourselves can lead to open communication and vulnerability in relationships.

      Psychological safety and self-acceptance are essential for maintaining a healthy relationship. It is not solely the responsibility of the other person to make us feel safe and secure. We must address ourselves and overcome the constructs that we grew up with. By developing psychological safety within ourselves, we can create a space for vulnerability and open communication with our partners. This includes being able to express our feelings, share the stories we tell ourselves, and be our authentic selves. It may take time and effort, but it is possible to build this safety and trust in any stage of a relationship. Don't give up on growing and developing a healthy connection with your partner.

    • Breaking Free from Inherited PatternsDetaching from toxic relationships and taking responsibility for our choices is essential for personal growth and happiness. Letting go of expectations and focusing on self-inquiry can lead to a positive legacy for future generations.

      Our beliefs and behaviors are often inherited from our parents or caregivers, and they shape our relationships and choices. We may find ourselves in toxic or unhealthy situations because of these ingrained patterns. It's essential to have discernment and explore the benefits we derive from such relationships, even if they bring us down or hurt us. It takes courage to detach and let go, but it is necessary for our own growth and well-being. Having open, honest conversations with the people involved can be helpful, but we must release the expectation of changing them. Instead, we should focus on our own self-inquiry and build the muscle of taking responsibility for our choices. Ultimately, our happiness lies in becoming better individuals and creating positive legacies for future generations.

    • Improving Communication for Healthier RelationshipsTeaching communication skills and emotional intelligence can help create healthier relationships and prevent toxic behaviors, leading to personal growth and self-awareness.

      We often lack the skills and models to have difficult conversations and end relationships in a healthy way. We have been socialized to avoid confrontation and ignore our own needs, leading to passive-aggressive behavior or explosive outbursts. This lack of communication skills and emotional intelligence creates toxic workplaces and strained relationships. We need to teach children and adults how to use words to express their feelings and needs, instead of resorting to violence or avoidance. By providing individuals with the tools to navigate difficult conversations, we can create conditions for healthier and more fulfilling relationships. It is a practice of growing up, recognizing that personal growth and self-awareness are ongoing processes.

    • Fostering growth and healthier relationships through self-awareness and effective communication.The OFNR framework helps create space for healthier relationships by separating subjective interpretations from objective facts, fostering self-awareness, and enabling effective communication and calibration with others.

      Practicing self-growth and becoming the adult we want to be can lead to a glorious and magnificent feeling of improvement. As we age and gain wisdom, we begin to understand the importance of meditation and discernment. One way to foster healthier relationships is by using the OFNR framework, which stands for observation, feeling, need, and request. By breaking down our subjective interpretations and separating them from objective facts, we create space in our responses and interrupt the powerful stories we tell ourselves. This framework allows us to make the invisible visible and become conscious of our unconscious behaviors. It also enables effective communication and calibration with others, fostering healthier relationships.

    • Distinction between Feelings and Observations for Mindful Decision-MakingBy pausing and responding instead of reacting, we engage our adult brain and make thoughtful decisions. Success is defined by meaningful experiences, not material possessions.

      Distinguishing between our feelings and observations allows us to pause and respond instead of react. By separating stimulus and response, we engage our adult brain and prevent ourselves from making impulsive decisions. This tool of discernment and self-inquiry is crucial in navigating our interactions and understanding ourselves better. It also highlights the importance of equanimity in defining success. Rather than valuing material possessions, success is measured by the content that fills our lives, such as love, safety, and belonging. These experiences bring true satisfaction and a sense of fulfillment. Ultimately, success is about doing a pretty good job and feeling good about it at the end of the day.

    Recent Episodes from The Knowledge Project with Shane Parrish

    #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

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    (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/

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    Tom Gayner: Invest Like The Best

    Tom Gayner: Invest Like The Best

    Tom Gayner, CEO of Markel Group, reveals the lessons he’s learned from Charlie Munger and Berkshire Hathaway, how he invests, and the specific way he thinks about opportunity cost.

    Gayner shares the difference between good debt and bad debt, where he disagrees with Munger, and why he focuses on the basics.

    This intimate conversation offers a level of insight and honesty that Tom hasn’t offered anywhere else.

    Gayner is currently the CEO of Markel Group and the Director of The Coca‑Cola Company. He also serves as chairman of the Davis Series Mutual Funds board and on the boards of Graham Holdings and Markel.

    Listen and Learn.

    --

    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