3min chapter

The Knowledge Project with Shane Parrish cover image

#94 Chamath Palihapitiya: Understanding Yourself

The Knowledge Project with Shane Parrish

CHAPTER

Investing Is About Behavior and Psychology

Successful investiing is about behavior and psychology. And i think it is that if you define certain behaviour principles that protect you from the worst parts of your psychology, that's a winning strategy. I have like a handful of these rules that i try to live by. They these behavior rules around things like buying companies versus buying stocks. Trying to think in long duration and not looking at the stock price every day in reading annual reports or avoiding quarterly reports. You know, all these things that try, for me, ah, just solve for my blind spots. That's allowed me to take bigger and bigger swings, because i feel like i'm practising the things that will protect me from...

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