Motley Fool Money Disney, Airbnb, and The Scout Mindset
Aug 13, 2021
Julia Galef, author of "The Scout Mindset," joins to discuss the critical importance of objective thinking in investing. She contrasts the soldier mindset with the scout mindset, emphasizing the need for open-mindedness and adaptability in decision-making. Galef also examines how cognitive biases can cloud judgment, sharing insights into the leadership styles of visionaries like Elon Musk and Jeff Bezos. Additionally, the conversation touches on embracing mistakes as growth opportunities, fostering a more resilient approach to investments.
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Disney's Impressive Q3
- Disney's Q3 2023 earnings impressed, driven by Disney+ subscriber growth, parks reopening, and streaming bundle success.
- Despite high investment costs in programming, the growth in streaming subscribers signals a strong future for Disney.
Airbnb's Record Revenue Prediction
- Airbnb anticipates record Q3 revenue, driven by increased travel demand and new platform features like flexible dates.
- The Delta variant poses a concern, but the trend of long-term stays is boosting their growth.
Evaluating Beliefs
- Evaluate desired beliefs with "Can I believe this?" and undesired ones with "Must I believe this?".
- This helps avoid asymmetric standards of evidence, promoting objectivity.
