Navigating Second-Order Thinking in Investments

This chapter explores the critical distinction between first-order and second-order thinking in investment decisions, illustrating how deeper foresight can unlock superior strategies. It uses COVID-19 as a case study, highlighting opportunities in businesses like Zoom and Peloton, and emphasizes the transformative potential of Bitcoin in personal wealth along with a Bitcoin Calculator tool.

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In today's episode, Trey Lockerbie interviews Sahil Bloom. Sahil is a Vice-President at a Private Equity Firm, as well as a frequent contributor to CNBC. He also holds a degree in economics, and a master's degree in public policy, both from Stanford University.

Sahil is a rising star in finance, who recently blew up on Twitter, going from 500 followers to now over 100,000 followers in about 6 months time, primarily due to his thoughtful stories on business and his simple breakdown of complex topics.

IN THIS EPISODE, YOU'LL LEARN:

Mental models used by billionaires like Howards Marks, Elon Musk and Warren Buffett
Thinking from First Principles
Understanding second and third order effects
The power of compounding
Developing financial literacy
And much, much more!

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Howard Marks’ Memos: Memos
Matthew Ball: Website , Twitter
Ben Thompson: Twitter
Gavin Baker: Website , Twitter
Jeff Booth book: The Price of Tomorrow
10k Diver: Twitter
Sahil Bloom: Website , Twitter

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