The Tim Ferriss Show cover image

#695: Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More

The Tim Ferriss Show

00:00

Understanding Decision-Making and Positioning for Success

This chapter explores the role of cognitive biases in decision-making, particularly how intelligence can foster rationalizations that complicate choices related to sunk costs. It highlights the strategies of successful decision-makers, like Warren Buffett, in managing their environments to avoid unfavorable situations.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner
Get the app