Classic 17: Smarter, Faster, Better By Charles Duhigg
We Study Billionaires - The Investor’s Podcast Network
Navigating Financial Windfalls
This chapter explores the complexities of managing a significant financial windfall for new investors, emphasizing the impact of personal circumstances on investment strategies. It compares options like stock market investments and debt repayment, highlighting the need for tailored advice based on individual goals and market conditions.
IN THIS EPISODE, YOU'LL LEARN:
- 03:13 - Why control is the key to motivating people.
- 08:11 - How do you form the best teams?
- 22:02 - Why GE is setting both SMART goals and strength goals.
- 29:17 - How to statistically make the best decisions.
- 41:41 - Ask the Investors: How diversified should I be when my portfolio is my net worth?
*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 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.
- Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Check out our favorite Apps and Services.
- New to the show? Check out our We Study Billionaires Starter Packs.
SPONSORS
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