Strategy Chain

Dave Roberts teaches a master class on personal and professional development. He's an astoundingly productive human being, and yet he's still one of the most genuinely kind and personable people on the planet. Dave is currently a professor at Virginia Tech, having recently completed a 20-year career with Marriott in a senior management position overseeing multiple departments. He began his professional career as a rocket scientist, and before that, he was a D1 wrestler at Cornell.

Time Stamps

0:00:00 – Intro to the intro with specific timestamps 0:02:00 – Introduction to Dave Roberts through the eyes of a 6-year-old 0:08:00 – The human, the dog, and the computer 0:09:56 – How not to compete against the computer 0:11:00 – Dangers of taking jobs that look good on a resume 0:11:14 – "Pursue the path that you find interesting. That's really all you have to bring to the table—because no matter what you're going to do, you're going to be in competition with other people. And there are a lot of smart people out there, there are a lot of very motivated, dedicated, hard-working people out there. The only way to bring your A-game is if you're bringing it to something that you find inherently interesting. And that takes some work and some conscious effort—especially early on in your career—to figure out what it is that I like and don't like. And a lot of times, it's not necessarily about an industry. It's about a type of work that you like to do." 0:12:38 – Framework for when to make a change 0:14:10 – Connection to Episode 005 with Katina Mountanos and Dupi Singh 0:15:54 – Breadth of experience (road to senior management and exposure to different roles) 0:20:58 – Public speaking 0:21:45 – "To get better at something, you just have to keep doing it. So I also made a point of inviting myself to do presentations and talks to anybody who would listen. Forcing myself out there. I've been to a ton of college campuses: teaching classes, guest speaking on whatever topic they want to talk about. And I was fortunate at Marriott—there were a lot of opportunities to talk at different departments, different town halls. And I made myself a pledge—almost 20 years ago now—to do a group presentation at least once a month from now until my career is over. And I've stuck to that for almost 20 years. Even now, I've been to several different colleges around the area. I was down at University of Arkansas giving a career talk just last month because basically … I invited myself. And I do this a lot. I'm arranging a couple more this spring, so I still do it. And now I'm pretty comfortable presenting in front of groups. I was an emcee at a conference last summer with 800 attendees. And I was on stage all day. I was a little anxious, but I loved it so much that I'm going back this coming summer. It's a huge event, and it's me. I'm the emcee, and I love it. I look back to when I finished graduate school, and if would tell my future self that I would be standing in front of 800 people all day … and I'd like it so much that I'd ask to do it again, I would have said absolutely no way." 0:24:40 – The shift from developing the skill to enjoying the skill 0:26:00 – When the thought of becoming a professor occurred to him 10 years ago 0:26:44 – "I've done a thousand of these, but every time, you learn something either about the material itself or about a better way to frame the message. And then you tweak that and get better next time." 0:27:25 – "If you're standing up in front of a group, it's not about you. It's about the message. If the message is a good message (well-presented and well-delivered) and you conveyed information in a good way, that's a great presentation. When you start to think it becomes about you—and I was guilty of this—the reason is because you're nervous. It's self-reinforcing because you're standing up there and you're nervous. And your biggest fear is that you look nervous. It reinforces itself. And when I was in that phase, for me, the once a month presentation was like "I will get through this." I'm a grinder, I'm going to keep doing this until it gets better. I feel like I'm a pretty disciplined guy. And I set a goal to do this. Like I said, I've been doing at least one presentation per month for my adult life. And then at some point, it kind of clicked. This is actually fun. I love going to college campuses. I've probably gone to 15 universities over the years. Either teaching a class or giving a career talk or whatever. And it's just fun. I look for opportunities to do that. In fact, I probably send a couple emails every week to different colleges and professors. 0:29:23 – Selecting a speaking topic 0:30:49 – Remember your circle of competence 0:32:08 – Top areas for development 0:33:22 – Dave's approach to personal development 0:34:49 – The 2-week window concept 0:37:54 – "When you're in the corporate world and you're insanely busy, the most common mistake in terms of personal development is to delay it. By far the most common. It happens all the time. … If you wait until you're not busy to do these things, you'll never start." 0:38:47 – Great personal development story 0:41:02 – What other companies should learn from Marriott 0:42:00 – Korn Ferry: "Managers are worse at developing their employees than they are at anything else they do." "Do it yourself career development." Harvard Business Review 0:43:24 – Connection to Seth Godin on "projects" vs "jobs" 0:44:18 – The alternative to personal development: commoditization and a "race to the bottom" 0:46:36 – Dr. Kristin Neff's insight on self-compassion 0:50:42 – How to distinguish between beating yourself up and trying to be disciplined 0:52:05 – How self-compassion influenced his management practices 0:57:50 – The concept of practicing "practice" 0:58:56 – Taking courses on your own 0:60:22 – Learning makes you a better teacher and vice versa 1:01:23 – Upcoming book on hotel revenue management 1:02:00 – Writing the book highlighted what he needed to study further 1:02:48 – Richard Bach "We teach best what we most need to learn." 1:03:39 – How to choose what not to do 1:04:18 – On meetings: "You have to have a reason to go, and the reason to go needs to be something other than 'I was invited.'" 1:05:57 – "You have to be aggressive on your calendar, and aggressively own your own time and what you're going to commit time to." 1:07:00 – How Dave approaches his calendar 1:11:25 – How Dave uses Evernote 1:15:24 – How Dave takes notes while reading 1:16:08 – "I read every book like it's a textbook—like I'm studying. Because I believe I am."  1:17:50 – Connection to Shane Parrish's "How to Read a Book" https://fs.blog/how-to-read-a-book/ 1:27:00 – Book recommendations 1:27:15 – Process: always reading 1; usually have 2-3 "on deck" 1:27:25 – Always has the current and "on deck" books available (e.g. when traveling) 1:28:00 – Pick topics genuinely of interest; make it something you look forward to reading 1:29:38 – The Effortless Experience & Amazon 1:31:45 – 7 Powers by Hamilton Helmer 1:32:28 – Sapiens and Homo Deus by Yuval Harari 1:38:27 – Everybody Lies by Seth Stephens-Davidowitz 1:44:25 – Stumbling on Happiness by Daniel Gilbert  1:45:35 – The Future of Humanity by Michio Kaku 1:45:50 –  Valuable questions 1:45:50 – "There's an expression in business: 'budgets reflect priorities.' And how an organization spends its money is a direct insight into what they think is important. I think the same thing applies to your own personal life. Budgets reflect priorities, but what you're budgeting is your time." 1:48:08 – Meditation and reflection 1:48:08 – "Reading some of these books is my meditation." 1:50:00 – Reading physical books, pen in hand, either in the office or in bed 1:51:12 – Practice variables from Resilience by Eric Greitens 1:54:31 – Work-life balance and being "busy" 1:55:51 – The trigger for happiness: "margin" 1:57:06 – Warren Buffett's calendar 1:58:00 – Scheduling "margin" and things that you like to do 2:02:45 – Getting two cell phones to make working a choice 2:04:01 – "Define a work-life balance that works for you, or else that balance is going to be defined for you by default." 2:06:56 – "Do not live by default. That is a key to unhappiness, in my opinion." 2:09:42 – What Dave would whisper in his ear earlier in life: self-compassion and wisdom all around you 2:12:38 – "A common mindset is that I am constantly being judged, and I constantly need to prove myself; I think some of that is healthy. But instead of that, try this perspective: I want to improve and develop myself. And I'm surrounded by talented people who have this ability and inclination to help me do exactly that. And all I have to do is ask them. Wow. It's a totally different mindset." 2:15:00 – Support & Closing Gratitude

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In this episode, we cover The Most Important Thing by Howard Marks, focusing on investing applications (which we left out of Episode 004). This book lays out the philosophical underpinnings of value investing (the school of thought that Warren Buffett uses).

Time Stamps

[0:00:00 == Introduction and key themes]………… [0:03:35 ==  2nd-level thinking]………… [0:04:10 == Caveat on algorithms]………… [0:04:30 == The Little Book That Beats the Market by Joel Greenblatt]………… [0:05:15 == www.MagicFormulaInvesting.com]………… [0:06:30 == The Acquirer's Multiple by Tobias Carlisle]………… [0:06:35 == www.acquirersmultiple.com]………… [0:08:00 == These algorithms force 2nd-level thinking]………… [0:08:25 == The efficient market hypothesis (EMH)]………… [0:09:15 == Testing the EMH on FAANG stocks]………… [0:09:20 == Facebook]………… [0:10:20 == Apple]………… [0:11:00 == Amazon]………… [0:11:30 == Netflix ]………… [0:12:40 == Big Lots]………… [0:13:45 == Ollie's]………… [0:15:00 == Difference between price and value]………… [0:15:50 == Market efficiency ebbs and flows]………… [0:16:00 == Contrarianism]………… [0:16:25 == Waiting]………… [0:17:10 == Circle of Competence]………… [0:18:05 == The Right to Have an Opinion]………… [0:18:30 == Reasonable expectations]………… [0:21:00 == The whole point of the book]………… [0:21:45 == Howard Marks and Michael Burry on index bubbles]………… [0:23:00 == Basic starting spot: "buy low, sell high"]………… [0:23:15 == Avoid leverage, options, and short positions]………… [0:27:40 == More nuanced than "buy low, sell high"]………… [0:29:15 == I still like the book even though it doesn't talk valuation]………… [0:31:30 == Key assumptions of the book]………… [0:32:00 == Agency problems]………… [0:33:40 == Second-level thinking]………… [0:35:10 == Market Efficiency Fluctuates]………… [0:36:00 == You Can Be A Stock Market Genius by Joel Greenblatt]………… [0:37:45 == The Random Walk Hypothesis]………… [0:38:45 == Value vs. Growth]………… [0:39:50 == Value Equals Growth]…………  [0:40:10 == "Omaha Zoo" of Growth or VC]………… [0:41:40 == Being right isn't enough]………… [0:43:15 == Good assets =/= good investments]………… [0:44:10 == It's important not to conflate asset quality with investment quality]………… [0:44:40 == Contrarianism]………… [0:46:30 == Connection to Mike Pollack episode]………… [0:47:00 == Finding bargains]………… [0:47:10 == Necessary resources]………… [0:47:55 == Ray Dalio on correlation]………… [0:48:50 ==Patient Opportunism]………… [0:49:15 == Joel Greenblatt: 6 investable for every 50-70 looks]………… [0:50:10 == Knowing What You Don't Know]………… [0:50:30 == "I know" investors]………… [0:50:59 == Reasonable expectations]………… [0:53:00 == Support & Closing Gratitude]…………

Links

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We are joined the co-founders of a start-up called daydreamers—a gym for creativity. Links and timestamps appear at the bottom. These two are a real power couple. Both began in the finance world in New York. Katina did data analytics at Goldman Sachs before moving on to a philanthropic venture fund. Dupi worked in investment banking before moving on to private equity. But that's where the conventional path ended for these two.

Katina started On Adulting, blog and online community focused on lifestyle and wellness for millennial women. Katina's work has been featured in outlets like Fast Company, Teen Vogue, Mindbodygreen, HuffPost, Elite Daily, and Thrive Global, and her message quickly caught fire. On Adulting has gone viral with a large, highly-engaged audience, and Katina has a thriving consulting practice. Now Katina and Dupi are working together—backed by VICE Media Worldwide's Chief Creative Officer, Eddy Moretti—to launch daydreamers in Summer 2020. Topics-Genuine connections -The importance of time as a nonrenewable resource -Risk -The epidemic of loneliness -The impact of play and recovery on performance -Fundraising and finding the right equity partners as a startup

Guest Links https://www.onadulting.com/ https://www.daydreamerspace.com/ https://www.instagram.com/onadulting/?hl=en https://linktr.ee/onadulting Strategy Chain LinksAmazon affiliate links at http://strategychainpodcast.com/support Send me questions at http://strategychainpodcast.com/contact Sign up for the email list at http://strategychainpodcast.com/ Strategy Chain on Social Media https://www.facebook.com/strategychain/ https://twitter.com/StrategyChain https://www.instagram.com/strategychain/ https://medium.com/@strategychain https://linktr.ee/admin Timestamps0:03:00|Backgrounds 0:04:10|Dupi (NYU to investment banking to private equity) 0:05:14|Katina (NYU to Goldman Sachs to philanthropic venture fund to On Adulting) 0:09:50|Connection to The Education of a Value Investor by Guy Spier https://amzn.to/2QGPMWT 0:14:10|Moving from "networking" to "connecting" 0:17:53|True connections and the first time one of Katina's posts went viral 0:20:10|Genuine connections with people 0:27:30|Dupi's thought process behind leaving private equity for Daydreamers 0:28:45|How they came up with Daydreamers 0:30:15|Risk 0:33:30|Time is the ultimate currency of life 0:34:30|How Dupi and Katina approach risk 0:37:10|What is Daydreamers? How did they de-risk it? 0:40:05|Product Development and Market Research 0:45:55|Lack of and importance of community 0:47:15|Daydreamers' vision for strong community 0:48:45|Loneliness is an epidemic 0:53:45|Olivia Roberson on how progress isn't linear 0:54:55|Relaxation can be a productivity tool 0:54:45|Beginner's mind lets you learn from everyone 0:55:55|Play is connected to performance (Google, Patagonia) 0:56:50|Connection to Penn State wrestling 0:59:00|Play to preserve beginner's mind 0:60:30|High performers focusing on recovery 0:60:55|Risk mitigation and the need to prevent burnout 1:01:30|Craving a place to be a stress-free beginner 1:05:00|Brands often forget about older consumers 1:08:00|Older Americans being isolated 1:08:40|High-tech concepts (marketplaces, networks, subscriptions, etc.) don't need to be digital 1:10:12|"Physical first, digital second" approach for fundraising 1:10:50|The fundraising process and finding the ideal equity partner 1:12:30|Eddy Moretti, Chief Creative Officer of VICE Media, Co-Founder of VICELAND, Co-Founder of Epiphany 1:15:45|What they wanted in an equity partner 1:17:55|Finding genuine relationships and connections during the fundraising process 1:20:00|People with checklists and people who really like you 1:20:15|How their romantic relationship has affected their business 1:25:45|"Year of Adventure" 1:28:45|Elle Luna's perspective on "Should versus Must" 1:29:55|Their podcast: (un)Productive 1:31:45|Short questions 1:32:00|Book recommendations 1:32:05|Let My People Go Surfing by Yvon Chouinard https://amzn.to/37WhfJM 1:33:00|The Four Agreements by Don Miguel Ruiz https://amzn.to/2QHoM9D 1:34:10|Zen and the Art of Motorcycle Maintenance by Robert M. Pirsig https://amzn.to/39XpjMw 1:35:00|What they would whisper in their ears 1:35:05|Katina: Listen to your "fire" and disregard the practical 1:36:00|Dupi: Don't take advice as a book of rules 1:36:20|Dupi: Seek happiness rather than success 1:38:15|Best questions they've asked or heard 1:38:50|Katina: "But how did you really feel about that?" 1:40:30|Dupi: "Why did you think that?" 1:43:00|Where we can find Katina and Dupi 1:44:30|Shout out to Marcelo Garcia Jiu Jitsu in New York 1:45:10|Support & Closing Gratitude

Book's Amazon Affiliate Link: https://amzn.to/2N0Scxj Oaktree Investor Letters: https://www.oaktreecapital.com/insights/howard-marks-memos

• 0:00:00 – Introduction to The Most Important Thing Illuminated by Howard Marks
• 0:05:25 – Risk
• 0:08:55 – Alternate Histories and the Seahawks-Patriots game
• 0:17:00 – Risk and Reward Aren't Tied
• 0:11:40 – Being Wrong for the Wrong Reason
• 0:21:20 – Perception causing risk: the "Perversity of Risk"
• 0:25:30 – Circle of Competence
• 0:28:50 – But we can't insist on zero risk because that would mean inaction
• 0:29:45 – Fooled by Randomness
• 0:32:38 – Knowing yourself
• 0:33:20 – Cycles
• 0:34:00 – Psychology is cyclical
• 0:35:20 – Biggest risks and biggest opportunities come from psychological cycles
• 0:37:50 – When there is nothing good to do, do nothing
• 0:38:40 – Psychological Factors
• 0:42:15 – To know and not to do is not to know
• 0:43:20 – OODA Loop
• 0:46:00 – How Tim Kennedy turned my OODA Loop into and OOD Loop
• 0:48:30 – Joel Greenblatt: even the best investors keep making the same mistakes
• 0:50:00 – Connection to Michael Pollack interview: psychology focus
• 0:57:00 – Avoiding Mistakes
• 0:57:50 – Charlie Munger's story about the man visiting the oracle
• 0:59:45 – Believing something is 100% safe can cause it to become risky
• 1:03:00 – Correlation
• 1:04:00 – 2 kinds of mistakes (commission and omission)
• 1:05:42 – Nuances when extrapolating from investing to other arenas
• 1:09:00 – Game theory: matrix and tree forms (Competition Demystified)
• 1:14:40 – Connection to Jocko Willink
• 1:25:20 – Support

Show Notes Episode 003 – Michael Pollack

Links

NYU Stern Bio Interview on Charlie Rose SCA Charitable Foundation Forbes - Heroes at the Taj NY Post Article

Time Stamps

• 0:03:10 – Jason Karp on probabilistic decision-making
• 0:09:30 – Important teachers in Mike's life
• 0:10:55 – "Own reality. Get out of your own head. Get out of the projections and wish fantasies that are there, and understand what this real world is. Relate to it, touch it, experience it, and embrace it for what it is—not what you want it to be."
• 0:11:55—Applying this lesson to investing
• 0:13:13—Great investors focusing on psychology more than valuation or other fundamentals
• 0:13:50—Conversion of the East & West: "Know Thyself" as the beginning of knowledge
• 0:15:00—Sun Tzu's The Art of War: how to "not be imperiled in 1,000 battles"
• 0:16:00—"The Key to tactics is information asymmetry, but the first step to information asymmetry is understanding what it is that you are projecting into the world."
• 0:16:50—Preparation: how do I prepare, and how do I deceive my opponents about my preparation
• 0:17:10—Meditation
• 0:18:05—Connection to Freud & how we place stories onto objects
• 0:18:40—Starting points for meditation: Why Buddhism is True by Robert Wright
• 0:19:15—"Follow your breath and turn off language"
• 0:19:45—Default mode network
• 0:20:10—Meditation is like dreaming; no ego involvement
• 0:20:25—Using classical music to turn off language but remain awake
• 0:21:20—Simple but difficult
• 0:21:50—Self-assessment
• 0:22:45—Reframing self-assessment as "agency"
• 0:23:10—The "me and I" dichotomy
• 0:25:25—Experiences as teachers
• 0:25:45—Charlie Munger's recommendations for misery
• 0:26:18—Epictetus' epitaph: "Here lies Epictetus, a slave, maimed in body, the ultimate in poverty, and favored by the gods."
• 0:26:45—A turning point in Mike's life
• 0:27:30—Terrorist attack, Forbes article, Heroes at the Taj
• 0:28:50—Educate Girls' growth, Audacious Award, 35k villages, provide learning outcomes for 1 million
• 0:31:45—Trauma can't be repressed; only channeled
• 0:32:30—Sebastian Junger's point on the thrill and adrenaline of terrifying situations
• 0:34:15—What really drives his philanthropic efforts: survivor's guild & making sure that the people who saved him know that their sacrifice wasn't in vain
• 0:35:40—Short-sighted world
• 0:36:45—Background on the terrorist attack
• 0:38:05—"When the front is prepared, the rear is lacking; when the rear is prepared, the front is lacking. Preparedness everywhere means lack everywhere."
• 0:38:20—"The few are those on the defensive against others; the many are those who cause others to be on the defensive against themselves"
• 0:39:15—Metaphor of fish & water for insurgency
• 0:40:40—Sun Tzu and the "death ground" (a place of desperation)
• 0:41:05—Optionless people as targets for manipulation
• 0:42:00—Mike's reactions to my thoughts on counterinsurgency & education
• 0:42:50—Where I'm missing the point (overemphasizing cause and effect)
• 0:43:10—Terrorism is an appeal to the non-rational
• 0:44:00—Terrorism as a rational tactic (not that he's condoning it)
• 0:44:50—How terrorism fits into Maslow's hierarchy of needs: "you will be the most loved if you do this"
• 0:46:30—The terrorists that attacked them were just kids
• 0:47:00—Qualities of a person or group to steward a charitable investment
• 0:47:45—Balance passion and pragmatism; looking for cost-efficiency and scalable nature
• 0:48:50—You aren't running the show; don't let the story you're telling someone get in the way
• 0:49:35—Meeting Safeena Husain (link Wikipedia | Educate Girls)
• 0:50:10—Meeting Deval Sanghavi of Dasra, who introduced Mike to Safeena
• 0:49:00—How Mike knew that Safeena was worth backing
• 0:52:00—Don't look for KPIs; hold management accountable to delivering their own metrics
• 0:53:18—Aristotle: "precision can only be found relative to the industry you're pursuing"
• 0:53:50—Humility as an important puzzle piece
• 0:54:20—Seeking technical mastery in investing "own every loss"
• 0:55:15—"Everything is about process optimization"
• 0:55:40—How emotional people get over money
• 0:55:45—Nietzsche and the "will to power"
• 0:56:20—TED Talk with Laurie Santos about fear causing non-rationality in monkeys
• 0:57:25—Need to know when to pause when fear or greed are present
• 0:57:50—Need to recognize Sun Tzu's idea of "the general's temperament"
• 0:59:50—How to determine if you're being rational when a position goes against you
• 0:60:25—Seeing fear in everyone's eyes during the financial crisis in 2008
• 1:01:00—Being contrary to the prevailing emotional sentiment
• 1:02:05—Making more money in 2009 outside of a hedge fund than he ever did inside a hedge fund because of the opportunity set and a heavy bet
• 1:03:00—Am I acting impulsively, or am I acting rationally?
• 1:03:30—What place am I acting from?
• 1:03:50—Greeks, Buddhism, Socrates, Aristotle all coming together to understand where you're coming from
• 1:04:00—Investing being very emotional rather than spreadsheet-oriented
• 1:05:15—Can quants and fundamental investors coexist and both be profitable?
• 1:06:30—Quants are short-term holders
• 1:06:45—Valuation and fundamental investing as storytelling
• 1:08:00—The one constant is disruption, and people will always be able to raise money based on their storytelling about seeing the future better
• 1:08:25—What Mike would whisper in his ear: You can accomplish the same things without being fearful. We can act from a place that is non fear based and have a better experience of it all and accomplish the same action.

Olivia Roberson (Instagram | Lighthouse Yoga Website) is a budding yoga therapist and trained yoga teacher.

Interested in starting Yoga or a mindfulness practice? I think you'll enjoy this episode.

We discuss Olivia's journey, how she conducts self-assessment, practicing mindfulness, false dichotomies, digital yoga therapy, implementing new habits, monitoring your internal dialogue, strategies for approaching yoga, and strategies that we should steal from yoga.

Olivia's Offers

(1) Subscribe to her newsletter at the bottom of this link to access her Nidra. (2) Contact her for a free hour-long digital, remote yoga therapy session. Take her up on the offer while it's still on the table!

Affiliate Links for Olivia's Recommendations

The Life-Changing Magic of Tidying Up by Marie Kondo Happiness by Thich Nhat Hanh The Four Agreements by Don Miguel Ruiz Ayurvedic Yoga Therapy by Mukunda Stiles

[0:00:00 == Introduction to Olivia]………… [0:02:30 == Leaving Psychology for Yoga]………… [0:08:00 == Cortney Ostrosky (Instagram) https://www.instagram.com/cortney108/ (Website http://www.cortneyostrosky.com/), The Life-Changing Magic of Tidying Up by Marie Kondo https://amzn.to/35RJLf2, and realizing that she needed to move on because of her visceral reaction to her textbooks. ]………… [0:10:59 == "This is your life, and you can't live it for someone else, so if you're going down a path for any reason other than that you want to go down it, it's really not a good idea." ]………… [0:12:25 == How Olivia conducts self-assessment]………… [0:15:45 == Realizing that "gentleness" was her superpower]………… [0:17:28 == Learning to listen to your body and stop living from the neck up]………… [0:19:45 == Crossover between yoga and jiu-jitsu (mindfulness in practice) ]………… [0:21:00 == Many routes to practicing mindfulness]………… [0:21:30 == Bruce Lee on reaching technical mastery to the degree of "no mind" ]………… [0:23:22 == When did yoga enter your life? ]………… [0:26:55 == Developing a sense of "mise en place" / equilibrium]………… [0:28:00 == "You might not even be aware of how anxious or bad you're feeling day-to-day if you haven't come to that state of balance." ]………… [0:29:20 == How Yoga changed from "workout" to "therapy" ]………… [0:29:35 == "It's not about the Asana" ]………… [0:29:55 == Yoga is an 8-limbed practice (more about philosophy and inner inquiry) ]………… [0:34:22 == What are the 8 limbs of yoga (not just about posture) ]………… [0:40:00 == When did you know Yoga was your calling rather than something you enjoy]………… [0:46:00 == False dichotomy between good and bad / really more between boredom and excitement]………… [0:47:35 == Gordon Ryan (BJJ) and mirroring Olivia's experience with "no days off" ]………… [0:50:45 == 10 themes I observe in top performers]………… [0:54:20 == What is Yoga Therapy]………… [0:59:30 == Meeting the client where they are]………… [1:00:00 == Good candidates for Yoga Therapy]………… [1:03:00 == Remote/digital options for Yoga Therapy]………… [1:05:15 == Keys to implementing a new habit (consistency, surrender, and self-inquiry) ]………… [1:07:10 == Keeping your promises to yourself]………… [1:08:40 == Drink from the well every day "if you're trying to do it that way, you're missing the point." ]………… [1:10:20 == Lower the bar and make continuous progress]………… [1:10:37 == Navy SEALs "Say goodnight to the sun" break your goals into tiny steps]………… [1:12:21 == Dan John and Pavel Tsatsouline: dial down intensity and amp up frequency]………… [1:13:40 == How to lay the groundwork for your Yoga practice]………… [1:15:00 == Embrace where you are when you start your journey]………… [1:16:20 == Don't create a right/wrong duality; try not to judge]………… [1:17:38 == Monitoring your internal dialogue]………… [1:19:40 == The most important thing is to start; you'll notice as you go along]………… [1:20:27 == KPIs for Yoga]………… [1:21:00 == Healing is not linear]………… [1:24:30 == When to ignore advice (unhealthy power dynamics) ]………… [1:26:00 == You are your own best teacher; listen to what the body needs; individualize your practice]………… [1:27:00 == Some signs of a good Yoga teacher]………… [1:28:30 == Resisting idolization and hero worship]………… [1:32:45 == How to understand our body's proportions and their impact]………… [1:37:35 == How to combat misunderstandings]………… [1:40:50 == How to approach your Yoga study; where to spend your time]………… [1:43:50 == Important fundamental starting positions (Joint Freeing, Sun Salutation) ]………… [1:49:00 == How to adapt Yoga for weightlifting, back injuries, and general inflexibility]………… [1:55:09 == How to proactively manage your Yoga teacher's expectations]………… [1:59:30 == How to ask questions without disrupting the class]………… [2:03:00 == Common stumbling blocks, discouraging times, etc. ]………… [2:07:00 == Reframe the good/bad narrative]………… [2:08:00 == How to downgrade your practice during times of stress to maintain consistency]………… [2:09:50 == A good option for a shortened practice: Sun Salutation & Restorative Yoga]………… [2:13:40 == Best investments]………… [2:13:50 == Book recommendations]………… [2:22:00 == Where to find Olivia]………… [2:23:00 == Closing thoughts]…………

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Hi Guys—my name is Michael Roberson, and this is the first episode of Strategy Chain.

Strategy Chain is a podcast about learning to leverage great strategy. Together, we focus on studying strategy through six main lenses: investing, business, entrepreneurship, grappling, combat, and athletics.

There will be a mix of conceptual, principle-based discussions and brass-tacks, tactical, execution-oriented discussions.

I want to emphasize that I'm not an expert. I have some experience in some of these fields, but I'm trying to use a philosophy that my high school wrestling coach taught me: the smart take from the strong. We'll be studying the world's most successful investors, entrepreneurs, business leaders, grapplers, combat veterans, and athletes. We'll also mix things up from time to time, but we will always remain focused on uncovering the strategies that unite these wide-ranging fields.

You might be surprised at the connections we find!

The podcast will be an ongoing experiment. The format will fluctuate, but several thins will remain constant. It will be a long form podcast targeting one episode weekly. At the outset, I'm aiming for a 50-50 split between interviews and book discussions.

I will aggressively seek feedback so that I can iterate and improve.