Investing by the Books
#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.
50:44
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Jaime Lester emphasizes the importance of integrating mental models with investing to improve decision-making processes and outcomes.
- The innovative use of illustrations in 'Pause to Think' enhances understanding and retention of complex concepts and cognitive biases.
Deep dives
The Concept of Mental Models
Mental models are defined as concepts or frameworks that enhance intellectual processes such as thinking, deciding, and learning. The discussion highlights a gap in existing literature, as many mental model resources focus on human fallacies without offering actionable guidance. The author of 'Pause to Think' aims to provide a prescriptive approach, compiling models into frameworks applicable to daily life. Each of the 32 included concepts is curated to offer both valuable insights and practical applications for personal and professional development.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
