Developing Motivation and Forming Effective Teams

The chapter explores how motivation can be cultivated as a skill, focusing on the impact of having control over a situation. It discusses the significance of taking responsibility for mistakes and failures to drive more productive outcomes. Additionally, it delves into creating effective teams by examining factors like rivalry, personality differences, and the importance of empathy and communication.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

IN THIS EPISODE, YOU’LL LEARN:

Why control is the key to motivating people.
How to form the best teams?
Why GE is setting both SMART goals and strength goals.
How to statistically make the best decisions.
Ask the Investors: How diversified should I be when my portfolio is my net worth?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Charles Duhigg’s book, Smarter Faster Better – Read reviews of this book.
Preston and Stig’s episode on Charles Duhigg’s book. The Power of Habits.
Preston and Stig’s episode on Malcolm Gladwell’s book, Outliers.
Preston and Stig’s episode about how to focus.
Preston and Stig’s episode on the importance of trust in business.
Preston and Stig’s episode about creativity.

NEW TO THE SHOW?

Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Hardblock
AnchorWatch
Cape
Intuit
Shopify
Vanta
reMarkable
Abundant Mines

HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app

Home Top podcasts Popular guests Top books