In this book, Sam Harris argues that there is more to understanding reality than science and secular culture generally allow. He explores the scientific underpinnings of spirituality, suggesting that how we pay attention to the present moment largely determines the quality of our lives. The book is part memoir and part exploration, discussing the illusion of the self, the benefits of meditation, and the importance of understanding consciousness through both scientific and philosophical lenses.
Shantaram is a novel based on the life of the author, Gregory David Roberts. The story follows Lindsay 'Lin' Ford, an Australian bank robber and heroin addict who escapes from prison and flees to India. In Bombay, Lin immerses himself in the city's underworld, befriending a local guide named Prabaker and becoming involved in various activities including setting up a free health clinic in the slums, working with the mafia, and experiencing the diverse and vibrant culture of India. The novel is a rich tapestry of emotions, exploring themes of friendship, loyalty, and the human condition, and is known for its vivid portrayal of life in Bombay in the 1980s.
In 'The Little Book of Sideways Markets', Vitaliy N. Katsenelson provides a comprehensive framework for understanding and succeeding in markets characterized by prolonged periods of stagnation and volatility. He emphasizes the importance of active portfolio management, focusing on quality, valuation, and growth (QVG) criteria to identify profitable investment opportunities. The book advocates a 'buy-and-sell' approach over traditional 'buy-and-hold' strategies, leveraging market fluctuations to maximize returns.
Soul in the Game is a personal and philosophical exploration that combines Vitaliy Katsenelson's life experiences with timeless wisdom from Stoicism and classical music. The book provides practical advice on cultivating emotional resilience, balancing ambition with contentment, and finding joy in everyday life. It serves as a guide for those seeking a fulfilling and happy life.
Kyle Grieve chats with Vitaliy Katsenelson about why we should align ourselves with what we love doing, how stoicism has helped Vitaliy deal with the volatility of negative emotions in the market and life, Vitaliy’s four favorite stoic tools, how to engineer our environments to improve our decision making and decrease costly mistakes, how we can utilize specific modes of communication to foster the learning process, why we should concern ourselves more with the truth and less on being right, how the markets have developed in the last decade pertaining to sideways markets, and a whole lot more!
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:04 - What soul in the game is and why it's so important to understand it if you want to truly excel at investing and other passions.
07:36 - Why meditation is such a powerful tool to help improve stress.
13:40 - How Vitaliy prioritizes areas of his life to ensure he's spending the right amount of time on high-priority areas.
19:13 - How stoicism has helped Vitaliy remove the volatility of negative emotion in the market and life.
20:13 - How investors can utilize the dichotomy of control to navigate volatile markets better.
20:13 - Simple negative visualizations to use on individual stocks and your portfolio to improve decision-making.
36:43 - Why toxic environments can influence us to live by other people's values.
40:30 - Why specific tasks should be delegated so you are focused only on creating value.
48:16 - Why our modes of communication can limit or expedite our abilities to improve and learn.
48:25 - The importance of discovering the truth for successful investing.
And so much more!
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Buy Soul In The Game here.
- Buy The Little Book Of Sideways markets here.
- Read Vitaliy’s articles here.
- Check out Vitaliy’s fund, IMA, here.
- Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
- Follow Kyle on Twitter and LinkedIn.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
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