The Good Life Podcast with Sean Murray

TGL043: Mastermind Group on Decision Making (Finance Podcast)


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On today’s show, we brought back by popular demand, our Mastermind group on decision making. I believe decision making is one of those super-powers in living The Good Life. Improving our judgment can have a far-reaching impact on our health, our well-being, our emotions, our happiness – so many different aspects of our life. Decision making is the primary tool we have to go about in constructing a flourishing life.

The Mastermind group includes Jake Taylor of Farnam Street Investments, Annie Duke, author of "Thinking in Bets", and Brent Snow, founder of Ten Thousand Feet which is a company that provides training to Fortune 500 companies on decision making. I've asked each of our guests to introduce a tip or technique that they recommend in improving our decision making. 


IN THIS EPISODE, YOU'LL LEARN:

  • How quitting helps us deal with uncertainty
  • Why, when the world changes, we should change our mind
  • Why being “quit-tuitive” is not intuitive, and what do do about it
  • Gritty is good but when do we quit and get gritty about something else?
  • The "quit-ability" of an option should be something we take into consideration
  • Determine the conditions in advance that would cause us to change our mind and try another strategy or model
  • Why Bezos encourages his team at Amazon to quit and shut projects down
  • Why we should "Widen the frame" – consider more than just two options
  • Why a group is great for providing different perspectives and independent thinking, but one person should make the decision
  • Why we shouldn’t use a group meeting to decide, rather we should use it to inform. 
  • Information diets and truth densities - give yourself permission to go on an information diet
  • Pare down your input to information with high truth density
  • Why books are the oil of information


BOOKS AND RESOURCES

  • How To Decide  by Annie Duke
  • Letter to Investors on Decision Making by Jake Taylor
  • All of the HSA benefits. None of the hassle. Make the most of your health savings account with BendHSA.
  • Capital One. This is Banking Reimagined. What’s in your wallet?
  • Browse through all our episodes (complete with transcripts) here
  • Support our free podcast by supporting our sponsors


CONNECT WITH ANNIE DUKE, JAKE TAYLOR & BRENT SNOW

  • Annie Duke's Twitter Account
  • Annie Duke's Website
  • Jake Taylor's Twitter Account
  • Jake Taylor’s Farnam Street Investments
  • Brent Snow’s Ten Thousand Feet


GET IN TOUCH WITH SEAN MURRAY

  • Sean's Twitter Account
  • Sean's LinkedIn Account
  • Email: [email protected]
  • Website: RealTime Performance, Inc.
  • Weekly Newsletter: RealTime Performance Newsletter


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The Good Life Podcast with Sean MurrayBy Sean Murray

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