RWH011: The Emotionally Intelligent Investor w/ Daniel Goleman

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 24 July 2022

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 03:58 - How a famed Harvard psychologist inspired Daniel Goleman to study high performance. 07:00 - How spiritual teachers like Ram Dass and Neem Karoli Baba led him to study meditation. 12:35 - What neuroscientists have discovered about the impact of meditation on the brain. 20:36 - How self-awareness helps us to manage our emotions and stay “balanced” amid chaos. 23:05 - How to become more keenly aware of our fear and anxiety, so we can recover faster. 29:21 - Why George Soros paid close attention to how he felt—emotionally and physically. 31:47 - Why it’s risky to make big decisions when hungry, angry, lonely, tired, in pain, or stressed. 34:50 - How the brain gets “hijacked” by sudden negative emotions—and what to do about it. 37:48 - How Warren Buffett and Bill Miller succeed by reacting unemotionally to bad news. 41:34 - How we can handle stressful situations by learning to think about them differently. 45:15 - How a simple breathing exercise can help you to calm down and improve your focus. 48:52 - Which meditation app Daniel Goleman and William Green both recommend. 55:59 - How to deal with a barrage of information and distractions without losing your focus. 1:04:34 - How Daniel deals with difficult emotions by “sitting with them” until they dissipate. 1:07:50 - How meditation helps multibillionaire Ray Dalio think clearly and maintain his equanimity. 1:09:30 - What Daniel Goleman has learned from his long-time relationship with the Dalai Lama. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Daniel Goleman’s books “Emotional Intelligence,” “Altered Traits,” & “Focus.” Daniel Goleman’s website & his coaching/consulting firm, Goleman Consulting Group. Two classic books by Ram Dass: “Be Here Now” & “Miracle of Love.” The Ten Percent Happier app, featuring classes by Joseph Goldstein & Sharon Salzberg. William Green interviews Ray Dalio in episode 410 of the We Study Billionaires podcast. William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book. William Green’s Twitter. Our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Check out our favorite Apps and Services. New to the show? Check out our We Study Billionaires Starter Packs. SPONSORS Support our free podcast by supporting our sponsors: Hardblock AnchorWatch Cape Intuit Shopify Vanta reMarkable Abundant Mines HELP US OUT! What do you love about our podcast? Here’s our guide on how you can leave a rating and review for the show. We always enjoy reading your comments and feedback! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.6	Hi there.
0:03.6	One thing I've learned of many years of interviewing great investors is that they're not just incredibly
0:09.3	smart.
0:10.3	They're also remarkably good at managing their emotions.
0:14.4	But times when the average investor is getting yanked around by fear and greed or downright
0:19.7	panic, the best investors tend to stay relatively calm and balanced.
0:24.6	They're not getting swept up in all those crazy short-term, manic mood swings of the market.
0:31.4	Instead, the most successful investors have the emotional self-control to think more clearly
0:37.6	and to stay focused on the long term in a much more rational and dispassionate way.
0:43.7	This ability to manage our emotions seems particularly important right now.
0:48.6	As I'm sure you know, in the first six months of this year, the stock market got off to its
0:53.7	worst start in more than half a century.
0:57.1	A lot of investors are feeling pretty shaken up by these losses and now they're increasingly
1:02.1	worried about everything from surging inflation to the growing risk of a recession.
1:07.8	So how can investors like you and me achieve the kind of equanimity, balance and peace
1:13.4	of mind we need to succeed not only in financial markets but in life?
1:18.8	That's really the key question we're exploring in today's episode of The Podcast.
1:23.8	Our guest today is Daniel Goldman, who's one of the world's leading experts on the science
1:28.7	of emotion.
1:29.7	Dan is the author of Emotional Intelligence, a blogbuster book that sold more than five
1:35.6	million copies in about 40 languages over the last 25 years.
	...

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