The Knowledge Project with Shane Parrish
#207 Adam Karr: The Investing Blueprint
Nov 12, 2024
Adam Karr, President and Portfolio Manager at Orbis Investments, shares his insights on successful investing and leadership. He reveals his framework for hiring top CEOs, even during quick interviews, and discusses the importance of clear writing as a reflection of clear thinking. Karr emphasizes the need for reflective practices and effective time management in both life and business. He challenges conventional views on success and highlights how understanding personal strengths can lead to helping others realize their dreams.
01:14:22
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Quick takeaways
- Understanding different investment strategies and aligning one's skills with a specific approach is crucial for achieving success in investing.
- A relentless passion and commitment to one's craft can significantly enhance growth and performance, as exemplified by dedicated athletes like Kobe Bryant.
Deep dives
Selecting the Game of Life
Choosing the right 'game' to play in life, especially in the investment landscape, is crucial for success. Different investment strategies, such as day trading, hedge fund tactics, or long-term value investing, each require distinct skills and approaches. For example, long-term investors, likened to Warren Buffett, take a four to five-year horizon, while day traders focus on quick, millisecond decisions. Being clear about one’s investment style and matching skills and strategies to that style can create a competitive advantage and significantly impact performance.
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