The ability to defer gratification is incredibly powerful, and it's a massive advantage in the fact that you think about all the ways in which we screw up in life. And understanding that and accepting that is something that it's very difficult to convey that to people, because there's this disconnect between our cognitively stand behavior o biases. I kind of have a rule for myself that i can't sell anything within five years. But i violate the rule intermittently.
William Green is a journalist and author of the book “RICHER, WISER, HAPPIER: How the World's Greatest Investors Win in Markets and Life.” — a book that draws on hundreds of hours of interviews with many of the world’s super-investors to demonstrate that key insights for building wealth apply to life as well. You can follow William on Twitter https://twitter.com/williamgreen72 and get his book at https://www.amazon.com/Richer-Wiser-Happier-Greatest-Investors/dp/1501164856 Show Notes:
- From Journalism to Investing
- Obsessiveness required to play and win a game
- Behavioral biases
- Role of patience in investing
- Stoicism, and dealing with uncertainty
- Reading authors like Henry James
- Saying YES to serendipity
- Being present in the moment
- Delaying gratification
- “When I fall, I shall rise”
- Getting out of your own way
- Staying away from the games that don't suit you
- How body posture can affect you psychologically
- Giving pleasure to your creator
- Not knowing the truth
Books Mentioned:
- Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and in Life; by William Green
- Happy: Why More Or Less Everything is Absolutely Fine; by Derren Brown