We Study Billionaires - The Investor’s Podcast Network

TIP129: Bill Gates' Book Recommendation - Mindset by Carol Dweck (Business Podcast)

Mar 11, 2017
Discover the transformative power of shifting from a fixed to a growth mindset. Learn how ego can hinder personal development, while humility fosters growth. Explore what would happen if investors embraced value investing universally. Dive into Stanley Druckenmiller's momentum investing strategies and his macroeconomic insights. Plus, find out how fostering a growth mindset in children can impact their academic and athletic performance, emphasizing effort over natural talent.
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INSIGHT

Growth vs. Fixed Mindset

  • Growth mindset embraces failure as a learning tool and is open to trying new things.
  • Fixed mindset avoids new challenges to protect perceived natural talent and fear of failure.
ANECDOTE

Students' Mindset Example

  • Students with fixed mindsets preferred to see others making more mistakes to feel better about themselves.
  • Growth mindset students sought to learn from those who performed better than themselves.
INSIGHT

Ego and Fixed Mindset

  • Fixed mindset strongly relates to ego, preventing risk-taking and open communication.
  • Ego-driven leaders block honest feedback, hindering personal and organizational growth.
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