Shane Parrish on Knowledge from Warren Buffett, Guidelines for Higher Pondering, Find out how to Scale back Blind Spots, The Risks of Psychological Fashions, and Extra (#695)


“Consequence over ego.”
— Shane Parrish
Shane Parrish (@ShaneAParrish) is the entrepreneur and knowledge seeker behind Farnam Street and the host of The Knowledge Project podcast, the place he focuses on mastering the perfect of what different folks have already found out. Shane’s standard on-line course, Decision by Design, has helped 1000’s of executives, leaders, and managers world wide be taught the repeatable behaviors that enhance outcomes. His work has been featured in almost each main publication, together with The New York Instances, The Wall Road Journal, and Forbes.
Shane is the creator of Clear Thinking: Turning Ordinary Moments into Extraordinary Results.
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#695: Shane Parrish on Knowledge from Warren Buffett, Guidelines for Higher Pondering, Find out how to Scale back Blind Spots, The Risks of Psychological Fashions, and Extra
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Wish to hear one other episode with somebody who spends his life studying the right way to resolve issues and optimize time? Pay attention to my dialog with Atomic Habits creator James Clear, during which we talk about recurring accountability, systemic scaffolding, capturing good concepts, leveraging maximal outcomes from minimal scale, defying algorithms, how success generates alternatives and distractions, constructing good habits whereas breaking unhealthy ones, optimizing setting for behavior adherence, and far more.
#648: James Clear, Atomic Habits — Easy Methods for Constructing (and Breaking) Habits, Questions for Private Mastery and Progress, Techniques for Writing and Launching a Mega-Bestseller, Discovering Leverage, and Extra
What was your favourite quote or lesson from this episode? Please let me know in the comments.
SCROLL BELOW FOR LINKS AND SHOW NOTES…
SELECTED LINKS FROM THE EPISODE
- Join with Shane Parrish:
Farnam Street Blog | The Knowledge Project Podcast | Decision by Design | Twitter | Facebook | Instagram
- Clear Thinking: Turning Ordinary Moments Into Extraordinary Results.
- The Stopwatch Gang by Greg Weston | Amazon
- Village of Carp, ON
- Introduction to TELNET | GeeksforGeeks
- Nortel | Wikipedia
- Communications Security Establishment | Government of Canada
- How a Former Canadian Spy Helps Wall Street Mavens Think Smarter | The New York Times
- Experts Explain Mental State of Military Children | The United States Army
- The Rational Man’s Approach to Fatherhood | Being Dads
- Letting Children Fail is Not a Dereliction of Duty | Farnam Street Blog
- St. Paul’s School
- Letting the World Do the Work for You | Farnam Street Blog
- Unlocking Your Potential: What It Means to Do Your Best | Farnam Street Blog
- If You Want Something Done, Ask a Busy Person To Do It | Quote Investigator
- Berkshire Hathaway, Inc.
- 35. Amateurs Should Stick With Low-Cost Index Funds | 2008 Berkshire Hathaway Annual Meeting
- Revisiting Warren Buffett’s Recommendation to Me in 2008 (Plus: 7 Classes for Younger Buyers) | Tim Ferriss
- Buffett: The Making of an American Capitalist by Roger Lowenstein | Amazon
- Daniel Kahneman on Cognitive Bias and Systems | Walton Family Foundation
- Cognitive Biases Archives | Farnam Street
- A Simple Checklist to Improve Your Decisions | Farnam Street Blog
- The Sunk Cost Fallacy | The Decision Lab
- Results Are a Function of Position by Shane Parrish | Instagram
- Time Warp: Warren Buffett on the Stock Market, Circa 1999 | Forbes
- What Is the Bandwagon Effect? Why People Follow the Crowd | Investopedia
- Smarter, Not Harder: How to Succeed at Work | Farnam Street Blog
- Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) | Farnam Street Blog
- The Great Mental Models Volume 1: General Thinking Concepts by Rhiannon Beaubien and Shane Parrish | Amazon
- The Great Mental Models Volume 2: Physics, Chemistry and Biology by Rhiannon Beaubien and Shane Parrish | Amazon
- The Great Mental Models Volume 3: Systems and Mathematics by Rhiannon Beaubien and Shane Parrish | Amazon
- Second-Order Thinking: What Smart People Use to Outperform | Farnam Street Blog
- The Stoic Art of Negative Visualization | Daily Stoic
- Lateral Thinking: Creativity Step by Step by Edward de Bono | Amazon
- Six Thinking Hats by Edward de Bono | Amazon
- Let’s Say FeedBurner Shuts Down… | CSS-Tricks
- A Map of the Disney Entertainment Empire Reveals the Deep Connections Between Its Movies, Its Merchandise, Disneyland, & More (1967) | Open Culture
- Why Farnam Street Optimizes for Loyalty, Not Pageviews by Herbert Lui | HuffPost
- Shane Parrish’s Success: Scaling to 300K with Farnam Street | Disco
- What is a Problem Statement? | Elsevier Blog
- The Default-Thinking Method of Problem Solving | Farnam Street Blog
- Avoiding Bad Decisions | Farnam Street Blog
- Why Walking Helps Us Think | The New Yorker
- Automatic Rules for Success by Shane Parrish | Instagram
- Discovering the One Determination That Removes 100 Choices (or, Why I’m Studying No New Books in 2020) | Tim Ferriss
- Maker vs. Manager: How Your Schedule Can Make or Break You | Farnam Street Blog
- Understanding Speed and Velocity: Saying “NO” to the Non-Essential | Farnam Street Blog
- Much of What You’re Going to Do or Say Today is Not Essential | Farnam Street Blog
- Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear | Amazon
- James Clear, Atomic Habits — Easy Methods for Constructing (and Breaking) Habits, Questions for Private Mastery and Progress, Techniques for Writing and Launching a Mega-Bestseller, Discovering Leverage, and Extra | The Tim Ferriss Present #648
- The 4-Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss | Amazon
- The Sluggish-Carb Eating regimen One-Pager | Tim Ferriss
- Rocks, Pebbles, and Sand: Prioritizing Your Life | Mindful Practices
- The Four Types of Relationships | Farnam Street Blog
- Compound Interest Definition, Formula, and Calculation | Investopedia
- How James Clear Built a Huge Email List Before He Was a Bestselling Author by Josh Spector | For The Interested
- Electronic mail Publication by Tim Ferriss | 5-Bullet Friday
- Naval Ravikant (2017) #171 | Farnam Street Blog
- Investing: The Rules of the Road | Farnam Street Blog
- Deal Flow: The Venture Capital Term for Business Sentiment | Investopedia
- Investing Archives | Farnam Street
- Investing in an Index: Overview, Examples, and FAQ | Investopedia
- Bill Ackman Liquidates Pershing Square Tontine Holdings, Largest SPAC Ever, and Returns $4 Billion to Investors | Fortune
- Rethinking Investing: Widespread-Sense Guidelines for Unusual Instances | Tim Ferriss
- Nassim Nicholas Taleb & Scott Patterson — How Merchants Make Billions in The New Age of Disaster, Defending Towards Silent Dangers, Private Independence, Skepticism The place It (Actually) Counts, The Bishop and The Economist, and A lot Extra | The Tim Ferriss Present #691
- Opportunity Cost Formula, Calculation, and What It Can Tell You | Investopedia
- The 5 Levels of Maslow’s Hierarchy of Needs | Verywell Mind
- Shane Parrish: Make It a Little Less about Luck Every Day | I Will Teach You to Be Rich
- Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger | Amazon
- Problem Solving Tools | Farnam Street Blog
- Problem Solving Archives | Farnam Street
- “Outcome over Ego.” | Instagram
- The Wrong Side of Right | Farnam Street Blog
- Why Write? | Farnam Street Blog
- How to Think Better: The Skill You’ve Never Been Taught | Farnam Street Blog
- Study: Using GPS Navigation “Switches Off” Brain, Makes You Stupid | The Drive
- Weekly Whiteboard: Slow is Smooth, Smooth is Fast | McChrystal Group
SHOW NOTES
- [05:43] The Stopwatch Gang influences a D scholar.
- [10:54] How a low-grade troublemaker will get vetted for an intelligence job.
- [17:23] The affect of frequent relocation on a toddler.
- [21:33] The advantages of a difficult training (as soon as the tears dry up).
- [31:09] From 68131-1440.blogger dot com to Farnam Road.
- [36:10] An early exploration of cognitive biases.
- [39:39] “Bizarre moments decide your place, and your place determines your choices.”
- [45:55] Incisive, deliberate decision-makers.
- [47:44] Defining psychological fashions.
- [50:47] The declaration of platform independence.
- [52:50] A Farnam Road enterprise breakdown.
- [56:05] Scrutinizing the issue assertion.
- [1:03:12] The ability of asking “After which what?”
- [1:05:26] Setting your self up for fulfillment with automated guidelines.
- [1:21:31] Doubling down on electronic mail and the evergreen.
- [1:28:05] Investing with the good thing about deal stream.
- [1:32:41] Ideas on index fund funding.
- [1:34:58] Factoring sleep into alternative value.
- [1:43:33] Find out how to make higher selections.
- [1:48:10] Why ought to we write within the age of AI?
- [1:52:08] Parting ideas.
MORE SHANE PARRISH QUOTES FROM THE INTERVIEW
“Consequence over ego.”
— Shane Parrish
“Computerized guidelines flip your required conduct into your default conduct, they usually do it whenever you’re at your greatest.”
— Shane Parrish
“Why threat what you’ve gotten and don’t want for what you don’t have and don’t wish to start with?”
— Shane Parrish
“Are you considering independently of the circumstances, or are the circumstances considering for you?”
— Shane Parrish
“Writing is the method by which we notice we don’t perceive what we’re speaking about. And it’s solely whenever you sit down and put pen to paper and even kind out an thought that you’ve got, a choice you’re making, an thought you’re wrestling with, that you just form of see the place you don’t perceive it. And the method of writing shouldn’t be solely refining that concept and serving to you mirror on it, however you truly generate new concepts within the strategy of writing.”
— Shane Parrish
“You inform your self a narrative about why sunk value doesn’t apply on this scenario or why you’re not overconfident on this scenario. And the smarter you’re, the higher these tales get and the extra plausible they get.”
— Shane Parrish
“In case you put Warren Buffett in a nasty place the place all of his choices are unhealthy—it doesn’t matter how sensible he’s, it doesn’t matter how Warren Buffett he’s—everyone seems like an fool once they’re in a nasty place, and everyone seems like a genius once they’re in a superb place.”
— Shane Parrish
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