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We Study Billionaires - The Investor’s Podcast Network

TIP580: Clear Thinking w/ Shane Parrish

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 6 October 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

Clay Finck is joined by Shane Parrish to discuss his new book, Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response.

Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Podcast, where he focuses on mastering the best of what other people have already figured out. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes.


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro.

03:09 - How Shane differentiates between high-quality and low-quality information.

10:30 - What the enemies of clear thinking are.

12:36 - Why we should prioritize the outcome over our ego.

15:32 - Preventative measures we can use to combat the enemies of clear thinking.

23:16 - Why we can’t rely on willpower to achieve the outcomes we desire.

23:54 - How successful people outposition others in order to outperform others.

28:38 - How we can optimize our environment to achieve better outcomes.

31:54 - Frameworks related to differentiating our outcomes from our underlying decision-making processes.

36:13 - How Shane thinks about determining what really matters in life.

40:48 - Why happiness needs to be thought of as derived internally rather than derived from something external.

46:08 - What the important things in life are to Shane.

48:25 - How Shane remains grounded in what’s most important.

56:03 - Why Shane started a holding company that buys wonderful businesses.

57:05 - What led Shane to invest alongside Howard Marks and Bill Ackman when joining Tiny’s board.


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TIP.

0:03.0

On today's episode, I'm joined by Shane Parish to discuss his new book, Clear Thinking,

0:08.0

Turning ordinary moments into extraordinary results.

0:11.4

Many people fall prey to making decisions based on our instincts and our gut feelings.

0:16.8

Shane's book gives you the tools to recognize those moments that reshape how you navigate

0:20.9

the critical space between stimulus and response.

0:24.8

Shane Parish is the founder of the highly esteemed blog, Pharnam Street, and he's also the

0:29.4

host of the Knowledge Project podcast, where he focuses on mastering the best of what other

0:34.2

people have already figured out.

0:36.8

Shane's work has been featured in nearly every major publication, including The New York

0:40.8

Times, The Wall Street Journal, and Forbes.

0:43.7

During this episode, we cover how Shane differentiates between high quality and low quality information,

0:49.3

what the enemies of Clear Thinking are, why we should prioritize the outcome over the

0:54.0

ego, preventative measures we can use to combat the enemies of Clear Thinking, why we

0:59.3

can't rely on willpower to achieve the outcomes we desire.

1:03.2

Frameworks related to differentiating our outcomes from our underlying decision-making

1:07.3

processes, what the truly important things are in life for Shane, and how he remains grounded

1:12.6

in what's most important to him, what led Shane to invest alongside Howard Marx and Bill

1:17.6

Ackman when joining Tiny's board and so much more.

1:21.0

When going back and listening through this episode, there are just so many parts that

1:24.4

made me stop and really think through it, and there's so many tips here that we can

1:28.4

use to make better decisions, whether that be in investing, in developing relationships,

...

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