Taking Stock & Creating New Frame Works for the Future - Robert Dickie III

Mar 4, 2023

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In this episode, I give a short recap of the origin story of this podcast and how we have been doing post-COVID. We look at a few of the most recent guests and their insights and discuss some of the latest economic data that is impacting every aspect of the economy which according to Professor Mihir Desai, should cause everyone to rethink mental models and frameworks as we move forward.

Show Notes:

The origin story of this podcast and the questions we have been asking guests?
How I became nicknamed "Q" in college.
Review of guests and their content.
(20:00) - "The quality of your life is determined by the quality of the questions you ask...Successful people are looking for new sources of information and data that they can leverage! Who we become and the success we have is downstream of the information we get."
(21:00) - HBS Professor Mihir Desai insights on the global economy - Finance For a World Turned Upside Down.
- We will have to change the frameworks for how we see and operate in the world.
(27:00) - Action produces data, and from there, you can PDCA - Plan, Do, Check, and Adjust.
(34:00) - 77% of the advertised jobs in the US with a salary over $35,000 require a four-year college degree yet only 1/3 of Americans have a college degree.
- The cost of a college degree has gone up over 1,482% since 1977!
(36:00) - The benefit of Massive Open Online Courses (MOOCs) like EdX.org and Coursera.org
(38:00) - How has work changed? The 150-year work model of the 8-hour work day and 5-day work week was blown up during 2020 and COVID.
(40:00) - This is the most unaffordable housing market in US history!
(42:00) - What is the impact on the tech sector? Why are thousands of employees being laid off?
(46:00) - How is this impacting small businesses around the United States?
(47:00) - What is the Boskin Commission and how did it impact entitlement programs and US spending by changing inflation numbers?
(51:00) - Book Recommendation - The Psychology of Money by Morgan Housel
(55:00) - The key to have success is to take agency of your life...have personal discipline and realize our success is up to us and our personal decisions.