#93 Talent is the Best Asset Class: A Transcript from the Tim Ferriss Show with Graham Duncan
Jan 8, 2024
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Graham Duncan discusses the importance of talent in investment, finding the right people, references and testimonials, investing in individuals, understanding sensitive children, making investment decisions, the role of a coach, recommended books, finite and infinite games, being in the top 1%, and the SON Conference for pediatric cancer fundraising.
Invest based on personal passion for long-term fulfillment.
Understanding the value of time and being present leads to a fulfilling life.
Books like 'The Aspirational Investor' and 'The Tools' offer practical strategies for success in various domains.
Deep dives
Book Recommendation: The Aspirational Investor by Ashvin Chhabra
The Aspirational Investor by Ashvin Chhabra is a book I frequently recommend, especially in the financial markets context. Chhabra challenges prevailing beliefs about investing and offers a different approach to portfolio construction based on how people actually behave and what they care about.
Book Recommendation: Tribal Leadership by Dave Logan
Tribal Leadership by Dave Logan is another book I often give out, particularly on the topic of culture within organizations. Logan categorizes different cultures and offers insights into what makes some cultures more effective than others, drawing on examples from Pixar, Navy SEALs, and more.
Book Recommendation: Culture Code by Daniel Coyle
Culture Code by Daniel Coyle is a book that explores the patterns and elements that create highly effective cultures in various organizations such as Pixar and the Navy SEALs. It provides insights into what makes these cultures successful and offers practical lessons for building great teams.
Book Recommendation: The Tools by Phil Stutz and Barry Michaels
The Tools by Phil Stutz and Barry Michaels is a book that offers practical hacks and strategies to overcome challenges and improve personal performance. It provides tools for transforming mindset and overcoming obstacles, drawing on their work with Hollywood screenwriters and other professionals.
The Importance of Long-Term Goals and Passion in Career Choices
Choosing a career based on personal passion and a long-term time horizon is more fulfilling than simply following trends or societal expectations. Successful individuals like David Tepper and Jocko Willink have achieved their goals by pursuing what they love.
The Significance of Time and Appreciating the Present
Understanding the value of time and being present in the moment is crucial for a fulfilling life. The concept of being 'time billionaires' reminds us to appreciate each moment and prioritize meaningful experiences. Quotes like 'Welcome to the party' and 'life is too short for trivial matters' emphasize the importance of embracing the present rather than getting caught up in petty conflicts and external pressures.
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