Jake Taylor is the CEO of Farnam Street Investments and author of the book ‘The Rebel Allocator’, a book that help readers make better investment and business decisions. You can find Jake on Twitter at https://twitter.com/farnamjake1 and get his book from https://www.amazon.com/Rebel-Allocator-Jacob-Taylor/dp/173268832X Show Notes: Iron Law of Economic Survival Trade-offs between profit and brand Capturing intangible value Products as signalling devices Journalytic — Getting better at decision making Reducing the friction around journalling Joseph Campbell's Hero's Journey Shortening the brain’s feedback loop The Great Reshuffle The Thinker and The Prover Cheng versus Ch'i Plato’s cave analogy for business decision making What makes a good decision maker? Books Mentioned: The Rebel Allocator; by Jake Taylor The Wealthy Barber; by Dave Chilton The Nature of Value; by Nick Gogerty The Genius of the Beast; by Howard Bloom Happy; by Derren Brown

Jake Taylor, a seasoned value investor and author of "The Rebel Allocator," returns to share his insights on evolving in the investment landscape. He highlights the importance of listening during times of social isolation and discusses the intriguing business of chicken sexing as a metaphor for trusting intuition. The conversation also touches on the psychological safety of holding cash and connections between the shipping industry and active management. Finally, Jake reflects on life's limitations and the importance of purposeful living.

Join Tobias Carlisle, founder of Acquires Fund and value investing expert, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray of Alpha Architect as they delve into the world of investing. The trio discusses the implications of ESG investing on capital costs and ethical considerations. They also explore the shift of international investments, emphasizing diversification beyond U.S. markets. Additionally, they touch on timeless investment principles and strategies for maintaining value investing amidst market fluctuations. Tune in for a rich exchange of insights!

Tobias Carlisle, founder of Acquirers Fund and deep value investing expert, Jake Taylor from Farnam Street Investments, and Dr. Wes Gray, a quantitative investing specialist, dive into the holy grail of investing. They discuss the importance of diversification across uncorrelated assets, the impact of passive investing, and the psychological discipline needed for success. The trio critiques commission-free trading platforms like Robinhood, exploring their risks and implications for novice investors, while emphasizing the role of trends and unique strategies in today’s market.

Tobias Carlisle, founder of Acquirer's Fund, discusses the dynamics of value investing cycles. Jake Taylor from Farnam Street Investments shares his approach to crafting a free MBA curriculum and navigating market downturns. Dr. Wes Gray, founder of Alpha Architect, emphasizes the tax advantages of ETF investing. They also touch on the undervaluation of Franklin Covey and the psychological aspects of investing, providing insights into maintaining discipline in volatile markets while managing risk effectively.