They discuss their smartest decision of quitting their job to build their own brand and the pressure they felt from cashing in their pension. They also mention their dumbest decision of investing in JCPenney and the challenges of working with friends.
When you have about $150 billion in cash on hand, you’re never out of position for making a decision. Shane Parrish is the founder of Farnam Street, the host of “The Knowledge Project” podcast, and the author of “Clear Thinking: Turning Ordinary Moments Into Extraordinary Results.” Mary Long caught up with Parrish to discuss: - Decision making lessons from Warren Buffett, Charlie Munger, and Daniel Kahneman. - How to create rules to become a more disciplined investor. - Tips for writing an investment thesis. Tickers discussed: BRK.A, BRK.B Host: Mary Long
Guest: Shane Parrish
Producer: Ricky Mulvey Engineer: Tim Sparks
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