Mike's Notes

All NBA edition, mostly based on Daryl Morey's interview with Zach Lowe at MIT Sloan.

Questions? 559-464-5393 or @mikedariano

Introduction quote: http://www.safalniveshak.com/investing-simple-not-easy/

Taleb’s MOOC: https://www.youtube.com/channel/UC8uY6yLP9BS4BUc9BSc0Jww

Prisoners of Geography: http://amzn.to/2lWGK79

a16z podcast: http://a16z.com/2017/02/25/reedhastings-netflix-entertainment-internet-streaming-content/

Cowen’s book: http://amzn.to/2lWA6Og

The Marshmallow Test: http://amzn.to/2mrwWBW

Pressfield interview: http://www.artofmanliness.com/2017/02/23/podcast-281-overcoming-resistance-turning-pro/

Bushnell interview: http://www.npr.org/podcasts/510313/how-i-built-this

My blog: http://thewaiterspad.com

My latest project: https://gum.co/philiprocess

Opening quote: www.cnbc.com/amp/2017/02/16/entrepreneur-takes-wednesdays-and-it-has-made-him-millions.html

1/ 1:30 Malcolm Gladwell solves the endowment effect.

2/ 5:05 Setting The Table by Danny Meyer. http://amzn.to/2kGVzO0

3/ 10:45 What does retirement mean? Inspiration from EarlyRetirementExtreme.com and MrMoneyMustache.com

4/ 13:45 Personalization is hard but something we need more of.

5/ 17:02 How businesses are like fractals. Inspired by InvestorFieldGuide.com

My blog: TheWaitersPad.com

Feedback: thewaiterspad.com/podcast-feedback/

Intro quote from: http://amzn.to/2kJDfzz

Russ Roberts explains hindsight bias (02:00)

When listening, aim for understanding not necessarily agreement (07:05)

Backstops for life (09:55)

Context matters, NBA edition with Bill Simons (15:40)

Public understanding of risk (19:55)

Feedback: https://thewaiterspad.com/podcast-feedback/

My book about Belichick: http://amzn.to/2kYSrMR

My website: http://thewaiterspad.com

A new format for the podcast as I tinker. For now expect weekly summaries - released on Thursdays - of things I learned.

(00:39) Judd Apatow explains loss aversion via Super Bowl bets.

(03:45) The importance of work relationships - something I lack.

(08:45) Solving problems with knowledge from more than one domain.

(13:10) Asymmetrical returns. What areas of your life can you 'tip the scales' so if you win you win big but if you lose you lose little or nothing?

(20:26) Digging past the first statistic. How much does earnings season matter? How accurate are average Super Bowl ticket prices? We should be careful.

If you liked this episode and format you can let me know by clicking here: https://thewaiterspad.com/podcast-feedback/

Judd Apatow explains Loss Aversion on The Adam Carolla Show by MIKE

Inspired by this post: https://thewaiterspad.com/2017/02/06/read-more-books-part-deux/

Audio of posts at http://thewaiterspad.com

Print version of this http://amzn.to/2kYSrMR

Contact me: http://twitter.com/mikedariano or [email protected]

First level thinking; LeBron James and the Atlanta Falcons by MIKE

In Misbehaving (http://amzn.to/2jUVWQ9) Richard Thaler writes about his experience advising the owners of the struggling ski slope, The Greek Peak.

We'll look at what he suggested and how your own business can apply the lessons of transaction utility (getting a good deal), mental accounting (small additions to large purchases), and surprises.