#67 Jaime Lester: Pause to Think

Feb 4, 2025

Jaime Lester, a seasoned hedge fund veteran with experience at Steinhardt Partners and Greenlight Capital, brings his expertise as an adjunct professor at Columbia Business School. He discusses his book, "Pause to Think," which introduces 32 mental models for decision-making. Jaime emphasizes the importance of structured choices to combat cognitive biases in investing. He explores the power of inversion in investment strategy and shares insights from his journey, advocating for a balance between personal well-being and professional success.

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ANECDOTE

Unexpected Start

Jamie Lester's passion for investing began unexpectedly.
A summer internship at a hedge fund in 1995 sparked his interest in the intellectual challenge and fast-paced environment.

INSIGHT

Beyond Mistakes

Most mental models books focus on avoiding mistakes, which isn't enough.
A prescriptive, actionable guide for applying mental models to everyday life is needed.

ADVICE

Checklists for Investing

Use checklists in investing, like surgeons do.
Checklists help manage multiple factors and reduce errors in complex processes.

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