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The $100 MBA Show

MBA2093 Must Read: Thinking, Fast and Slow by Daniel Kahneman

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 18 July 2022

⏱️ 14 minutes

🧾️ Download transcript

Summary

Why do you make the decisions you make? How? It’s a huge question, with huge implications for how you run your business. Today, we dive into Daniel Kahneman’s Thinking, Fast and Slow.

Transcript

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0:00.0

Hey, welcome to the $100 MBA, Bitesized Business Lessons,

0:13.4

to help you become a better entrepreneur every single day

0:16.6

with our daily 10-minute business lessons

0:18.4

for the real world.

0:19.9

I'm your host, your coach, your teacher Omar is at home.

0:23.0

I'm also the co-founder of Webinar Ninja,

0:24.9

an independent software company

0:26.1

I start with my co-founder back in 2014.

0:28.6

And today's episode is a must-read episode.

0:31.4

On our must-read episodes, I share with you a book that I've read that has influenced me as an entrepreneur.

0:36.5

I share with you its takeaways, its insights, and why you should read it too.

0:40.7

Today's must read, Thinking Fast and Slow by Daniel Conman.

0:45.0

Daniel Conman is a Nobel Laureate in economics who is a psychologist by training.

0:51.0

He won the prize mostly because of his work on decision-making.

0:55.2

Specifically what's called the Prospect Theory. And this is why this book is so powerful and so

1:00.0

insightful for you and I as business owners. We are constantly making big and small decisions

1:06.3

all day long. These decisions will change the trajectory of your business. The success and

1:12.2

failure of your business is directly correlated to the decisions you make all day long.

1:17.6

And basically this book is a crash course. It distills all of Daniel Kahneman's work in one volume, in one resource.

1:25.4

But the real gift of this book is that it's ran in a way that anybody can understand this

1:29.6

stuff so that we can apply it as business owners in our own businesses.

1:34.0

I really can't wait to share with you some of the deep and insightful takeaways I got from this book

...

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