IL37: Hate the Game? How to Navigate Life's Economic Challenges ft. Daryl Fairweather
Top Traders Unplugged
Niels Kaastrup-Larsen
4.8 • 670 Ratings
🗓️ 16 April 2025
⏱️ 53 minutes
🧾️ Download transcript
Summary
Discover how to navigate the complexities of personal and professional decisions through the lens of behavioral economics. Kevin Coldiron speaks with Daryl Fairweather, Chief Economist at Redfin and author of the book "Hate the Game," who shares insights on using economic principles to tackle everyday challenges, from negotiating salaries to understanding workplace dynamics. They explore the importance of empathy and perspective-taking in decision-making, emphasizing that understanding the rules of the economic game can empower individuals to succeed despite systemic inequalities. Fairweather discusses her own journey in economics and the lessons learned from her experiences, including the value of strategic thinking in competitive environments. This conversation is not only enlightening but also serves as a practical guide for anyone looking to improve their decision-making skills and career trajectory.
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Episode TimeStamps:
02:26 - Introduction to Daryl Fairweather
07:30 - Choosing games and assessing probabilities
13:14 - How do you know if your boss is a jerk?
14:03 - Why it is important to be aware of how you present...
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I think people can get wrapped up in just that piece of it. |
| 0:10.3 | Like, this is going to be embarrassing. |
| 0:11.8 | I might fail. |
| 0:12.7 | Am I prepared? |
| 0:14.0 | And I think zooming out on the entire game and seeing the whole system and understanding |
| 0:18.5 | this is like a necessary step to get to the next step can make it feel less daunting. At least that's how it feels for me. Like if I understand |
| 0:26.1 | that it's just a game and I'm just going to play these moves, then it's, I think, a lot more |
| 0:32.6 | straightforward than getting all the emotions tied up into it. And it makes me a little bit less afraid of making those big decisions. |
| 0:40.2 | So that's what I would impress upon people is that if you empower yourself with economics, |
| 0:45.2 | these big decisions will hopefully feel less scary and more doable. |
| 0:51.8 | Imagine spending an hour with the world's greatest traders. |
| 0:55.0 | Imagine learning from their experiences, their successes, and their failures. |
| 1:00.0 | Imagine no more. |
| 1:02.0 | Welcome to Top Traders Unplugged, the place where you can learn from the best hedge fund managers in the world, |
| 1:08.0 | so you can take your manager, due diligence, or investment career |
| 1:11.3 | to the next level. Before we begin today's conversation, remember to keep two things in mind. |
| 1:16.8 | All the discussion we'll have about investment performance is about the past, and past |
| 1:21.0 | performance does not guarantee or even infer anything about future performance. Also understand |
| 1:26.2 | that there's a significant risk of financial |
| 1:28.0 | loss with all investment strategies, and you need to request and understand the specific risks |
| 1:33.2 | from the investment manager about their product before you make investment decisions. |
| 1:37.6 | Here's your host, veteran hedge fund manager, Nealz Kostrup Larson. |
... |
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