Capital Allocators – Inside the Institutional Investment Industry

Shane Parrish – Learning to Learn at Farnam Street (Capital Allocators, EP.164)

52 snips
Nov 16, 2020
Shane Parrish, the founder of Farnam Street and host of the Knowledge Project Podcast, dives into the art of learning. He shares his fascinating journey from a three-letter intelligence agency to uncovering insights for personal and professional growth. Topics include the structured learning loop, the power of writing for clarity, and the balance of leadership dynamics. Parrish also reflects on the importance of curiosity in interviews and discusses investment lessons, particularly from the JCPenney debacle, underscoring the value of adaptability and mentorship.
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ANECDOTE

Early Life and Pivotal Moment

  • Shane Parrish was a military brat and moved to a new school every year.
  • In grade eight, he found a book about bank robbers intriguing but changed his trajectory after his friends got in trouble.
INSIGHT

Controlling Trajectory

  • Shane realized he controlled his life's trajectory, not others.
  • His peer group significantly influenced his choices, leading him to computers and away from trouble.
ANECDOTE

9/11 and Leadership

  • After 9/11, Shane's obscure Canadian agency rapidly grew, thrusting him into leadership at 26.
  • Making high-stakes decisions, he felt unprepared and realized the need to improve his decision-making skills.
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