Emotional Intelligence in Investing | 19min snip from We Study Billionaires

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RWH011: The Emotionally Intelligent Investor w/ Daniel Goleman

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

Emotional Intelligence in Investing

This chapter explores the crucial link between emotional intelligence and successful investing, focusing on the role of physiological cues in decision-making. Featuring insights from a former doctor turned hedge fund manager, it introduces techniques like HALT PS to assess emotional states before making investment choices. The discussion also highlights the importance of managing stress and emotional responses, with practical strategies for fostering emotional intelligence in leadership and personal contexts.

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IN THIS EPISODE, YOU’LL LEARN:

03:58 - How a famed Harvard psychologist inspired Daniel Goleman to study high performance.
07:00 - How spiritual teachers like Ram Dass and Neem Karoli Baba led him to study meditation.
12:35 - What neuroscientists have discovered about the impact of meditation on the brain.
20:36 - How self-awareness helps us to manage our emotions and stay “balanced” amid chaos.
23:05 - How to become more keenly aware of our fear and anxiety, so we can recover faster.
29:21 - Why George Soros paid close attention to how he felt—emotionally and physically.
31:47 - Why it’s risky to make big decisions when hungry, angry, lonely, tired, in pain, or stressed.
34:50 - How the brain gets “hijacked” by sudden negative emotions—and what to do about it.
37:48 - How Warren Buffett and Bill Miller succeed by reacting unemotionally to bad news.
41:34 - How we can handle stressful situations by learning to think about them differently.
45:15 - How a simple breathing exercise can help you to calm down and improve your focus.
48:52 - Which meditation app Daniel Goleman and William Green both recommend.
55:59 - How to deal with a barrage of information and distractions without losing your focus.
1:04:34 - How Daniel deals with difficult emotions by “sitting with them” until they dissipate.
1:07:50 - How meditation helps multibillionaire Ray Dalio think clearly and maintain his equanimity.
1:09:30 - What Daniel Goleman has learned from his long-time relationship with the Dalai Lama.

*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.
Daniel Goleman’s books “Emotional Intelligence,” “Altered Traits,” & “Focus.”
Daniel Goleman’s website & his coaching/consulting firm, Goleman Consulting Group.
Two classic books by Ram Dass: “Be Here Now” & “Miracle of Love.”
The Ten Percent Happier app, featuring classes by Joseph Goldstein & Sharon Salzberg.
William Green interviews Ray Dalio in episode 410 of the We Study Billionaires podcast.
William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
William Green’s Twitter.
Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
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