Building Good Mental Models and Incorporating Various Disciplines in Investing | 3min snip from The Intrinsic Value Podcast

Get the app

MI307: Unpacking The Money Mind w/ Robert Hagstrom

The Intrinsic Value Podcast - The Investor’s Podcast Network

chevron_right

notes

CHAPTER

Building Good Mental Models and Incorporating Various Disciplines in Investing

Explore the importance of incorporating various disciplines into our thinking and the benefits of reading books from different fields to keep oneself fresh and aware.

00:00

Transcript

chevron_right

Play full episode

chevron_right

Transcript

Episode notes

Kyle Grieve chats with Robert Hagstrom about the benefits of reading fiction for improving your investing process, the best mental models Robert learned from his time working with Bill Miller, the importance of understanding complex adaptive systems for understanding the market, how to use the DCF model according to Buffett and Munger, strategies for using multiple mental models in your day-to-day life to think better, and a whole lot more!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:48 - The Lessons from 3 of fiction's best detectives that will make you a better investor.

10:16 - Insights from investments in Dell Computer and Amazon.

10:37 - Why you should look at the market through a biological model over a physics-based model.

10:37 - The importance of network economics in a digital age.

26:55 - Ways to improve efficiency from books that you read.

38:10 - Interesting data points on the advantages and disadvantages of a concentrated portfolio.

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.
Buy a copy of The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy here.
Buy a copy of Warren Buffett: Inside the Ultimate Money Mind here.
Buy a copy of The Detective And The Investor here.
Buy a copy of Investing: The Last Liberal Art here.
Buy a copy of The Warren Buffett Way here.
Related Episode: Listen to TIP360: Inside The Money Mind Of Warren Buffett w/ Robert Hagstrom, or watch the video.
Related Episode: Listen to MI222: How To Invest Like Warren Buffett w/ Robert Hagstrom, or watch the video.

NEW TO THE SHOW?

Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance.
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:

Range Rover
Airbnb
NetSuite
Public

Connect with Kyle: Twitter | LinkedIn | Website

Connect with Robert: Twitter | LinkedIn | Website

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

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

Home Top podcasts Popular guests