A book about time management and how to live a more fulfilling life.
In 'The Outsider,' Colin Wilson examines the psyche of the Outsider through the lives and works of various literary and cultural figures such as Albert Camus, Jean-Paul Sartre, Ernest Hemingway, Hermann Hesse, and Fyodor Dostoyevsky. The book delves into the Outsider's experience of dislocation and his struggle to find meaning and purpose in a world that seems devoid of it. Wilson argues that the Outsider is a metaphysical man who seeks a transcending meaning and purpose for human existence, often feeling isolated and disconnected from society. The book is both a study of the Outsider's predicament and an impassioned call for a new form of existentialism that could provide a satisfying and objective religious understanding of life.
In 'The Checklist Manifesto', Atul Gawande explores the power of checklists in overcoming the complexities of modern professional work. He argues that despite advanced training and technology, professionals often fail due to the sheer volume and complexity of knowledge. Gawande illustrates how checklists, first introduced by the U.S. Air Force, have been successfully adopted in various fields, including medicine, to reduce errors and improve outcomes. He provides compelling examples, such as the reduction of fatalities in surgical procedures and the elimination of hospital infections, to demonstrate the effectiveness of checklists. The book emphasizes the importance of balancing autonomy and control, empowering frontline workers, and continuously improving checklists based on feedback and experience[1][3][5].
The Rebel Allocator tells the story of Nick, a young man who encounters Francis Xavier ('Mr. X'), a billionaire with a chain of hamburger joints called Cootie Burger. Mr. X, who is terminally ill, mentors Nick on the principles of capital allocation, drawing heavily from the teachings of Warren Buffett and Charlie Munger. The book combines a fictional narrative with business lessons, making complex concepts more accessible and engaging for readers. It explores themes such as the importance of capital allocation, the balance between work and personal life, and the application of business philosophies in real-world scenarios.
In this book, Tetlock and Gardner present the results of the Good Judgment Project, a massive forecasting tournament that identified a small group of 'superforecasters' who are exceptionally good at predicting future events. The authors explain that good forecasting does not require powerful computers or arcane methods but involves gathering evidence from various sources, thinking probabilistically, working in teams, keeping score, and being willing to admit error and change course. The book uses stories of forecasting successes and failures, as well as interviews with high-level decision makers, to illustrate these principles and demonstrate how anyone can improve their forecasting abilities[3][4][5].
We are delighted that a good friend of the Value Perspective podcast, Jake Taylor, has returned to converse with us for a third time. Jake is a value investor, the author of the Rebel Allocator and co-host of the excellent podcast, Value After Hours, which he co-hosts with Tobias Carlisle. In this episode we dive into the kindness and power of simply making yourself available to listen; why value investors must continue to evolve; the business of chicken sexes; the psychological safety of holding cash; and finally, parallels between the shipping industry and active management. Enjoy!
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