The Power of Feedback in Decision-Making

Exploring how feedback enhances decision-making by comparing poker players and psychiatrists' predictions under uncertainty, highlighting the significance of relying on models over judgment. Strategies for handling negative feedback and seeking constructive criticism are discussed, emphasizing the value of improvement over direct judgment.

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Patrick Donley (@JPatrickDonley) sits down with Scott Young, author of Get Better at Anything-12 Maxims for Mastery, which you can apply to any domain in life. You’ll learn more about the learning challenges Scott accomplished, how to set and achieve ambitious goals, how to create a brain trust, the importance of seeking out feedback and how to effectively do it, the books that have most impacted Scott, and so much more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

02:35 - How Scott got fascinated with learning and who his influences were.

06:25 - How his language learning challenge went and what worked best.

22:43 - How to achieve ambitious goals.

26:19 - Why Scott decided to write How to Get Better at Anything.

32:11 - How you can clone the investing legends.

37:31 - Why poker players make better predictions than psychiatrists.

37:31 - How to make sure you are getting good feedback.

47:36 - Why building a community is vital to mastery.

54:51 - What you’ll learn in Scott’s online courses.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended Book: Ultralearning by Scott H. Young.
Recommended Book: Get Better at Anything by Scott H. Young.
Recommended Book: Slow Productivity by Cal Newport.
Recommended Book: Entangled Life by Merlin Sheldrake.
Recommended Book: Fear and Courage by Stanley Rachman.
Recommended Book: Life of Focus by Scott H. Young.
Check out: MI026: Mastering The Skill Of Learning w/ Scott Young | YouTube video.
Check out the books mentioned in the podcast here.
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