Investing by the Books #3 Pete Davis: The Case for Commitment
Pete Davis is a commitment superfan and an American civic advocate. In a world of infinite browsing, Pete's book "Dedicated" (2021) provides an alternative - making voluntary commitments. In the episode, we talk about the fears and joys of commitment, lessons from long-haul heroes, and how the concept relates to business and investing.
For more info about the podcast, go to the episode page.
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Episode Chapters
(03:51) [First question] - Feedback on and intro to the book
(05:19) What is infinite browsing mode and why is it dangerous?
(10:21) The fears of - and the case for - commitment
(18:07) Lessons from 50 long-haul commitment heroes
(21:49) Dedication, passion, and decision-making
(28:19) Learning the art and joys of commitment
(34:01) Six types of committers
(37:48) Evaluating someone's commitment
(41:56) Responsible business for all stakeholders
(47:29) Maintenance > Innovation
(50:43) Dealing with losses
(53:13) How to find Pete and the book
(53:49) Pete's inspirational literature
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Books Mentioned
(08:17) The Paradox of Choice - Barry Schwartz (2004)
(08:48) Suicide - Émile Durkheim (1897)
(12:29) Influence: The Psychology of Persuasion - Robert Cialdini (1984)
(53:49) I and Thou - Martin Buber (1923) & The Gift - Lewis Hyde (1983)
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Articles Mentioned
(17:34) Saying "no" - Grace Bonney (2012)
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More on Pete Davis:
Pete's book: Dedicated
Pete's twitter: https://twitter.com/PeteDDavis
Pete's website: https://petedavis.org/
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What is Investing by the Books?
Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.
Visit the website: http://www.investingbythebooks.com/
Follow on Twitter: https://twitter.com/Investbythebook
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What is Redeye?
Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.
Visit the website: https://www.redeye.se/
Follow on Twitter: https://twitter.com/Redeye_
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Disclaimer
Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se