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TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green

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Jan 28, 2024

Join an enlightening conversation as Stig Brodersen and William Green explore the essence of authenticity through the insights of legendary investors like Warren Buffett. They dive into the importance of kindness and ethical investing, discussing how personal values shape a fulfilling life. The duo reflects on the three phases of life, emphasizing the impact of relationships over career ambitions, and share transformative lessons on meditation and emotional mastery. Get ready to unlock a richer, wiser, and happier approach to life!

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INSIGHT

Authenticity's Complexity

People are complex and contain multitudes, like a public persona and a private self.
Different aspects of personality emerge in different situations, so judging authenticity is difficult.

ANECDOTE

Munger's Private Admission

William Green shares a venture capitalist's story about Charlie Munger admitting to being a lesser father.
This private revelation highlights Munger's self-awareness and values beyond investing.

ADVICE

Define Your Authenticity

Define authenticity in your own terms and align your actions with it.
Pursue activities that resonate with your true self, like Preston Pysh's focus on Bitcoin despite value investing roots.

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Principles: Life and Work

Life and Business

Ray Dalio

In 'Principles: Life and Work', Ray Dalio shares the principles he has developed over the years that have helped him achieve success in both his personal and professional life. The book outlines his approach to decision-making, management, and personal growth, emphasizing the importance of learning from mistakes and creating a culture of radical transparency and open-mindedness.

Strength to love

Martin Luther King Jr

Man's Search for Meaning

Viktor Frankl

The book is divided into two parts. The first part recounts Frankl's harrowing experiences as a prisoner in Nazi concentration camps, including Auschwitz, between 1942 and 1945. He describes the inhumane conditions and the psychological and emotional struggles of the prisoners. The second part introduces Frankl's theory of logotherapy, which posits that the primary human drive is the search for meaning, rather than pleasure. Frankl argues that meaning can be found through three main avenues: work (doing something significant), love (caring for another), and suffering (finding meaning in one's own suffering). The book emphasizes the importance of finding purpose and meaning in life, even in the most adverse conditions, as a key factor in survival and personal growth.

Lovingkindness

The Revolutionary Art of Happiness

Sharon Salzberg

In this inspiring book, Sharon Salzberg shows how the Buddhist path of lovingkindness can help us discover the radiant, joyful heart within each of us. Drawing on Buddhist teachings, wisdom stories from various traditions, her personal experiences, and guided meditation exercises, Salzberg teaches how to cultivate the four 'heavenly abodes' of traditional Buddhism: love, compassion, sympathetic joy, and equanimity. The book emphasizes the importance of self-love and acceptance as a foundation for extending these caring feelings to all beings, and it provides practical instructions for meditation and real-life practices to achieve true happiness and genuine compassion for others[1][4][5].

Power Vs. Force

The Hidden Determinants of Human Behavior

David R. Hawkins

In 'Power vs. Force,' David R. Hawkins explores the nature of true power and force, arguing that power is whole, positive, and wholesome, while force is partial, selfish, and negative. The book introduces a hierarchical scale of consciousness, ranging from 1 to 1000, where levels below 200 are considered negative and those above 200 are positive. Hawkins uses concepts from particle physics, nonlinear dynamics, and chaos theory, as well as Applied Kinesiology, to support his research. The book is divided into three parts, discussing the process of achieving one’s ultimate potential, the distinction between power and force in various aspects of life, and the evolution of human consciousness. It emphasizes the importance of integrity, understanding, and compassion in enhancing one’s level of consciousness and leading a more fulfilling life[1][3][4].

Quit

The Power of Knowing When to Walk Away

Annie Duke

The 7 Habits of Highly Effective People

Stephen R Covey

This book, first published in 1989, outlines seven habits that are designed to help individuals become more effective in their personal and professional lives. The habits are grouped into three categories: Private Victory (habits 1-3), Public Victory (habits 4-6), and Renewal (habit 7). The habits include being proactive, beginning with the end in mind, putting first things first, thinking win-win, seeking first to understand and then to be understood, synergizing, and sharpening the saw. Covey emphasizes the importance of personal integrity, effective time management, empathetic communication, and continuous self-improvement[2][5][4].

Richer, Wiser, Happier

How the World's Greatest Investors Win in Markets and Life

William Green

In Richer, Wiser, Happier, William Green draws on interviews conducted over twenty-five years with many of the world’s greatest investors. The book highlights that the most successful investors are mavericks and iconoclasts who question conventional wisdom and think rationally, rigorously, and objectively. They maximize their odds of long-term success in markets and life by drawing insights from diverse fields such as neuroscience, economic history, psychology, philosophy, and more. Green explains how these investors can teach us not only how to become rich but also how to improve our thinking, decision-making, risk assessment, and resilience, and how to turn uncertainty to our advantage.

TIP603: Richer, Wiser, Happier, Q1 2024 w/ Stig Brodersen & William Green

Authenticity's Complexity

Munger's Private Admission

Define Your Authenticity

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