Podcast Notes Playlist: Latest Episodes

Podcast Notes Key Takeaways

• The 3 main forecasting tools – intuition, analysis, statistical inference
• Jesse believes the cyclical nature of the market will slow down, which is good because it will reduce the boom-bust cycle and thus reduce market panic
  • “I think inflation will be low forever. I think interest rates will be low forever.”
• The problem with depreciation is that it’s calculated against the historical cost of assets and not the replacement cost
  • A historical cost calculates the cost that was paid for the asset
  • A replacement cost (market value) calculates the cost it would take to replace the asset
• Praise in public, criticize in private
• Fulfillment = progress + meaningful work 
• Markets should be more expensive than they were in the past
  • People should expect lower future returns and valuations to stay high 

Read the full notes @ podcastnotes.org



Subscribe to the Invest Like the Best Podcast

This week I have a very special guest years in the making. Like another favorite episode, with anonymous guest Modest Proposal, this conversation is with one of the stars of the financial twitter universe who writes anonymously and goes by the pseudonym Jesse Livermore. I met Jesse 6 years ago after reading his unbelievably unique investing research, which tackled all the big and interesting issues in markets. He now also works with me as a research partner at OSAM, where’s he’s used our data to continue to his search for truth in markets. Despite being one of the brightest minds I’ve encountered he is also as humble and unassuming as they come. I’m at least a slightly better person because of trying to emulate how he conducts himself. I get to have many conversations with him that go from 0-100 fast, and I’m thrilled to be able to share one of those with you.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

1:33 - (First Question) – Jesse’s origin story for investing

4:37 – Exploring his ways of problem solving starting with intuitive

            7:53 – David Epstein Podcast Episode

11:46 – Looking at the analytical way of problem solving

15:42 – Statistical inference

24:45 – Should we opt for simplicity in the investment process

25:26 – Does his own investing include all three, intuition, analysis, and statistics

26:09 – The evolution of his research, process, and thinking on various investment factors.

31:38 – Thoughts on inflation and its impact on market valuation

40:05 – The Earnings Mirage

46:25 – Free Cash flow and valuations

50:51 – What should investors take away from this research

53:01 – Thoughts on trend as an interesting market signal

59:00 – The problems with trend

1:00:34 – Post on “The Single Greatest Predictor of Future Stock Market Returns”

1:11:15 – His work into understanding factors

1:15:36 – Looking at momentum

1:18:16 – His curiosity into the current market cycle

1:20:04 – Lessons learned from his time in the military, an effective way to create an environment where people can safely disagree with their co-workers

1:30:10 – The concept of progress in meaningful work

1:33:08 – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

Don't ruin your reputation or get wiped to zero.

Podcast Notes Key Takeaways

• Stop worrying about the $3 questions (like whether or not you buy a latter)
  • Instead – focus more on the $30,000 questions
  • If you get the $30,000 questions right, you can buy all the lattes you want
• Run the numbers before you decide to buy a house, it’s not always the best investment
• The easiest way to change a behavior is by taking discipline out of the equation and automating it
• Successful people frequently use the words “always” and “never” (i.e. “never” eating dessert or “always” saving 20-30% of your income)
• Instead of being DERISIVE be CURIOUS
  • Think: “Why would this person buy a business class ticket? Maybe there’s a good reason behind it? He/She must know something I don’t and I want to understand why.”
• Spend extravagantly on the things you love, but cut costs mercilessly on the things you don’t

Read the full notes @ podcastnotes.org



Subscribe to the James Altucher Show Podcast

Ramit Sethi is the bestselling author and coach of "I Will Teach You To Be Rich," a book that tells you the biggest money mistakes you make, the exact words you should use in a negotiation, how to spend money in a way that actually makes you happy and light up. And more. 

We also did a part 2 (coming out soon) where we have such heated debates over when to stop paying your credit card debt, when 401Ks become just evil scams, then we yell at each other about cryptocurrencies, etc. 

So tune in. Here's part 1: The NEW Rules about Money & Wealth + What You Don't Know About Achieving Financial Freedom 

I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.

Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:

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If you think and act like an owner, it’s only a matter of time until you become an owner.

Podcast Notes Key Takeaways

• The most toxic items present in every home include:
  • Cleaning supplies – they’re filled with carcinogens
  • Tap water – it contains unfiltered chlorine and fluoride, both of which are harmful to the human body
  • Shampoos/conditioners and fragrances – they contain high levels of neurotoxins
  • Cookware
    • Over time, metal pans can break down and leech heavy metals into your food
    • Teflon-coated pans are even worse
  • Non-organic food – it’s covered in glyphosate
• The best free biohacks:
  • Breathe work
  • A good night’s sleep
  • Adequate sun exposure
  • A cold shower
• A few of the most nutrient-dense foods on the planet:
  • Grass-fed and finished beef liver
  • Cacao
  • Whole eggs
  • Avocados
• Listen to your body – it’s the best indicator of whether or not a diet is right for you

Read the full notes @ podcastnotes.org

Dr. Marie Mbouni is an anesthesiologist, mystic shaman, energy healer, and Entheogen Shaman who has worked one on one with some of the top thought leaders of our time. She is also the founder of Reclaim Your Soul Power, the author of Reclaiming Your Gifts, and a co-author of The New Feminine Evolutionary.

From Medical Doctor to Entheogen Shaman, Dr. Marie Mbouni offers her wisdom and guidance as a Clarity Coach working online and in-person with private clients and groups and offers transformational journeys for evolutionary leaders, changemakers, and visionaries wanting to step into their greatness, creativity, magnetic power, and purpose so that they can lead from a place of heart-centeredness and deep intuition.

Topics Discussed with Marie Mbouni:

• How we’ve been disempowered from listening to our own bodies, the beast teacher
• Detoxifying your home and closets
• The healing benefits of love-infused cacao
• Discovering the bliss molecule
• The power of breath
• Getting more present with and aware of yourself
• There are no negative emotions – just self-damaging choices
• Why our first intention should be becoming health conscious, not health obsessed
• The Diet Wars
• You can’t be healthy when you’re fighting
• Struggling with the nature of sustenance and consciousness
• Where in your life do you feel guilty?
• The everyday practices that anyone can do to uplevel their consciousness and lives
• The future of energy intelligence, or energy hacking

 

Crosby Tailor is a college football player turned fashion model turned health coach, avid nutrition researcher, biohacker, and sugar-free dessert chef.

Crosby has tried every diet fad from going vegan, the body ecology diet, hardcore paleo, the alkaline diet, as well as super high fat ketogenic, and never felt completely balanced or satisfied – because everyone is different, and therefore, not just one diet or lifestyle will work for the majority! 

However, there were things he absolutely loved from each lifestyle, so he decided to take the parts of each diet or lifestyle to “Tailor” his lifestyle with what resonated best to increase his overall vibration and quality of living. Nothing will ever be perfect, but we can play the best hand possible from the cards we were given; we can accept what is, and celebrate how different we all really are. And now, through Tailord Life, Crosby’s intent is to provide others with the necessary tools to evolve into the superhuman living within them.

It’s self-empowerment for the new, thriving you.

Topics Discussed with Crosby Tailor:

• Why Crosby is skeptical of the alkaline water trend
• The three most toxic items in your house
• Why Crosby swears by hydrogen water
• Biohacking your sleep for longevity
• Why you should consider adding more beef liver to your diet
• The transformative power of figuring out what’s creating stress and inflammation in your body while you’re young
• Understanding and accepting Vs. being resistant to what life throws at you
• The future is mitochondrial cellular health

 

Daniel Raphael is a transformational guide who supports others in activating their innate abilities and up-leveling their lives.

Daniel actually grew up with severe mental and emotional disabilities that led him on a decade-long journey around the world to heal himself and study with numerous masters, teachers, and shamans. Through his own transformation and unique intuitive gifts, Daniel offers distinctly impactful programs to individuals and companies to activate their limitless nature.

Topics Discussed with Daniel Raphael:

• The problem with the psychedelics trend
• The experimental new peptide that Daniel is loving right now
• How you can leverage timeline hopping to upgrade your health – and what in the heck it is
• Don’t give your power away to other people’s plans for you
• Unlike trends, you can always trust your intuition
• A spiritual practice is something you live, not something you do every morning
• How we’ll be extending our lifespans in the near future

 

Michael Trainer is the founder of Peak Mind, an organization devoted to helping people optimize their full potential, and the host of the Peak Mind podcast. Peak Mind was created after his father was diagnosed with dementia as a way of bringing the peak minds of our time together to inspire people around the world live happier, healthier lives and live to their highest potential.

He is also a social movement innovator who co-created Global Citizen, a music festival dedicated to ending poverty that gathers 70k people in Central Park every year through their own social actions. With musical performances by artists including Beyonce, Jay-Z, Stevie Wonder, Neil Young, the Black Keys, and many others, the festival has raised billions of dollars for the World's poorest people.

Topics Discussed with Michael Trainer:

• The “shaman” problem
• The hidden mold epidemic
• Nurturing the gut-brain connection
• Bacon-flavored chips made out of mushroom
• How monoculture farming is destroying our biodiversity
• Finding safe spaces for processing your emotions
• The problem with unindividuated masculinity
• Sitting in joy
• Nature as a spiritual practice

 

Anthony Capobianco is the founder of Zen Tea Traders, a company that works with restaurants and coffee bars all over the U.S. to help them step up their tea game.

Their goal is to remind people of the art to tea, while keeping things simple to help people slow down. We live in a fast-paced, on-the-go world, but Zen Tea invites people to sit back and take a few moments out of their busy day to enjoy an experience in their community. (All they ask is that you please refrain from raising your pinky finger while enjoying your tea.)

Topics Discussed with Anthony Capobianco:

• The toxicity of wi-fi
• Are you breathing or holding your breath?
• Life’s a marathon, not a sprint
• Growing from the negative
• Stopping to listen to your body
• Tea as a spiritual practice
• A fun fact you probably don’t know about tea

 

Troy Casey, AKA the Certified Health Nut, is a Leading Longevity Authority who has successfully restored physical, mental, and emotional balance to clients who have failed with just about every other system – and all using a unique holistic approach the leverages nature-based simplicity anyone can follow. 

As a Versace model in Milan 28 years ago, Troy studied nutrition, herbs, and internal purification as a way of looking and feeling great in front of the camera. He has scoured the Earth for the most powerful health and healing methods, working with indigenous tribes in the Amazon as a medicine hunter, studying the ancient Vipassana Meditation technique Ashtanga Yoga, and more recently, working closely with Paul Chek at the world famous CHEK Institute. 

Topics Discussed with Troy Casey:

• The trainers who are selling a fitness program but who are, in reality, on performance enhancement drugs
• Neurotoxins in your fragrances
• The nutrient density of sunlight
• Facing your shadow
• Forgiveness and gratitude are the great equalizers
• Biohacking your body with consciousness

 

More about this episode.

 

Connect with Luke on social media to learn how to take your lifestyle to the next level, plus catch exclusive live interviews & events:

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This was so much fun. If you like this episode I highly recommend following Jim on Twitter at @jposhaughnessy

Scott & Wes from Joovv stopped by Onnit to talk about how Joovv got started, the importance of sunlight, the limited amount of light we are exposed to in modern life, how blue light affects our circadian rhythm, and the differences in infrared light and the benefits of infrared light therapy. We discuss Mitochondrial disease, the macronutrient power of light, and the ways light affects the microbiome.

 

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Kyle Kingsbury special | http://joovv.com/kyle

 

 

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Podcast Notes Key Takeaways

• One of the best things you can do for yourself – take frequent walks outside throughout the day
• “Sleep is for sure the best biohack on the planet”
• The sun radiates the highest amount of UV light at midday – this increases the amount of vitamin D we produce
  • At the beginning and end of the days, the sun radiates more red and infrared (near and far) light
• There are many benefits to exposing yourself to heat stress post-workout
• Hack your environment
  • If you’re trying to lose weight, get rid of all the unhealthy foods in your pantry
  • If you’re having trouble making it to the gym, just put a kettle bell in your garage – it’s all you need
• One of Kyle’s favorite quotes of all time from Paul Chek – “Sooner or later your health will be your number one concern”
  • It’ll either happens on your death bed or for the less fortunate, earlier
  • Why not get ahead of the curve?

Read the full notes @ podcastnotes.org



Subscribe to the Genius Life Podcast

Kyle Kingsbury is a retired mixed martial artist, UFC fighter, and the host of the Kyle Kingsbury podcast.

Podcast Notes Key Takeaways

• Picture an X-Y graph
  • Y axis = the value to the customer, X axis = the penetration into the market
  • If the trend is up and to the right, you have a network effect business
• To get a marketplace or a user-generated content business off the ground, you need to do things that are unsclabale
• “If you’re in an advertising-orientated world, you should not try to monetize until you’re north of 10 million users”
• The internet allows perfect information to be available about an individual with an certain skill set and connects them with someone with a need for that skill set 
  • While we’ve done it with cars (Uber/Lyft) and homes (Airbnb), there are other areas waiting to be taken advantage of:
    • Medical expertise
    • What if you want help with your car?
    • Connecting tutors and students
• The features of a healthy marketplace:
  • A high fragmentation of supply
  • Certain businesses are prone to monogamy (like babysitters, hair stylists) – these are tougher for marketplaces
  • The user experience has to be multiples better than the status quo
• In the age of the internet, it’s east to know more about a particular subject matter than anyone else
  • Just keep narrowing the scope of that subject until you’re the one that knows the most

Read the full notes @ podcastnotes.org

My guest this week is Bill Gurley, a general partner at Benchmark Capital and one my favorite investment thinkers. As you’ll hear, despite enormous success through his career, Bill is clearly still in love with business and investing. Where many might discuss past glories, I’ve been incredibly impressed with how both Bill and his partners emphasize the current portfolio and market landscape. I’m thankful to have had the chance to speak with him in this format. I hope you enjoy our conversation.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Show Notes

1:13 - (First Question) – The idea of increasing returns

            1:21 – Competiting Technologies, Increasing Returns, and Lock-in By Historical Events

            2:07 – Complex Systems Theory – Santa Fe Institute

4:35 – Markers that could be a sign of network effect in a company

6:27 – The opportunities for companies to capture network effect

8:46 – Are there certain teams/leaders that are more conducive to leading a network effect company

11:55 – Liquidity quality

13:35 – How important is the revenue model at the beginning

15:59 – Fascination with Nextdoor

            17:56 – Paradox of Choice

18:39 – Finding opportunities

20:17 – Potential marketplaces and assets that could be commoditized

            20:20 – All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces

21:39 – Usage yield on the world’s assets

23:50 – Has technology changed the world of value investing

26:28 – Hyper niche marketplaces

27:52 – Challenges of labor marketplaces

30:12 – User generated content businesses

32:44 – People who are capable of building UGC businesses

33:16 – His interest in Discord

34:31 – Factors of a healthy marketplace

37:57 – Fools’ gold in marketplace businesses

39:04 – How influx of cash is impacting the marketplace business landscape

            40:43 – All Revenue is Not Created Equal: The Keys to the 10X Revenue Club

43:20 – How does the influx of money into the space impact him

46:44 – Spending money to attack top brands

50:32 – Regulatory capture

53:36 – His thoughts on the IPO market

57:49 – How did he realize this was his passion

1:00:42 – Qualifying his passion

1:01:52 – Favorite thing about working with entrepreneurs

102:48 – Honing your craft

1:04:33 – Making yourself a good mentor

1:05:56 – Kindest thing anyone has done for him

 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast. 

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

 

Podcast Notes Key Takeaways

• We have a mental health crisis on our hands
  • Mood disorders (anxiety and depression) started to rise steadily after 2011 (more so for girls than boys)
  • Self-harm is on the rise, specifically in girls
  • The suicide rate for boys in America is up 25%, while that of girls is up 70%
• Human beings learn best from experience – overprotective parenting doesn’t allow kids the unsupervised time needed to learn from their mistakes
  • “We’ve deprived kids of the childhood experience that they most need and we’ve replaced it with too much supervision and too many after school activities”
• The evidence is growing that social media use is leading to mental health problems
  • Specifically – it’s leading to VERY high rates of depression, anxiety, self-harm, and suicide among young, teenage girls
• Jonathan recommends parents do the following:
  • Allow no more than 2 hours per day of screen time for children (not counting homework)
  • Don’t allow your child to have a social media account until high school
  • Encourage (and allow) your child to freely play outside unsupervised with other kids (especially by the age of 7-8)
• End the call-out culture – we NEED to give people the benefit of the doubt
  • “We’re all human, we all make mistakes. It’s very hard to move forward if there’s no forgiveness or tolerance.”
• Two important points:
  • We can’t always be sure we’re right
  • We need others to argue against us in order to strengthen our own thinking
• The best way to disagree with someone is by first stating a point you agree on (establishing common ground) then pivoting to the disagreement
• Because there’s so much emphasis on test scores, kids have little time to play
  • “We’re changing the nature of childhood and we’re too focused on skills that don’t matter as much. What we’re creating is a generation of people who do well on tests, but may not have a chance to develop the human skills that would be better for innovation and business.”

Read the full notes @ podcastnotes.org



Subscribe to the Knowledge Project Podcast

Jonathan Haidt is an author, social psychologist and one of the world’s leading experts in moral psychology. On the show we discuss helicopter parenting, the rise of the “call out culture,” and the dangers of social media.

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