#28 Michael Mauboussin: A Decision Making Jedi

#28 Michael Mauboussin: A Decision Making Jedi

Michael Mauboussin returns for a fascinating encore interview on the Knowledge Project. We geek out on decision making, luck vs. skill, work life balance, and so much more. *** Michael Mauboussin is back as a returning guest on the Knowledge Project! He was actually the very first guest on the podcast when it was still very much an experiment. I enjoyed it so much, I decided to continue with the show. (If you missed his last interview, you can listen to it here, or if you’re a member of The Learning Community, you can download a transcript.) Michael is one of my very favorite people to talk to, and I couldn’t wait to pick up right where we left off. In this interview, Michael and I dive deep into some of the topics we care most about here at Farnam Street, including: The concept of “base rates” and how they can help us make far better decisions and avoid the pain and consequences of making poor choices. How to know where you land on the luck/skill continuum and why it matters Michael’s advice on creating a systematic decision-making process in your organization to improve outcomes. The two most important elements of any decision-making process How to train your intuition to be one of your most powerful assets instead of a dangerous liability The three tests Michael uses in his company to determine the health and financial stability of his environment Why “algorithm aversion” is creating such headaches in many organizations and how to help your teams overcome it, so you can make more rapid progress The most impactful books that he’s read since we last spoke, is reading habits, and the strategies he uses to get the most of every book The importance of sleep in Michael's’ life to make sure his body and mind are running at peak efficiency His greatest failures and what he learned from them How Michael and his wife raised their kids and the unique parenting style they adopted How Michael defines happiness and the decisions he makes to maximize the joy in his life Any one of those insights alone is worth a listen, so I think you’re really going to enjoy this interview. Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/ Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/ Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

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#4 Jason Zweig: Elevate Your Financial IQ

#4 Jason Zweig: Elevate Your Financial IQ

WSJ columnist Jason Zweig and I tackle important topics like how to be a smarter investor, filtering out noise, why philosophy and history matters, and his new book, The Devil’s Financial Dictionary.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

19 Okt 20151h 2min

#3 Sanjay Bakshi: Why Mental Models

#3 Sanjay Bakshi: Why Mental Models

In this episode, I chat with professor and value investing genius Sanjay Bakshi about the power of mental models, multidisciplinary thinking, reading, and acquiring worldly wisdom.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

18 Sep 201555min

#2 Michael Lombardi: Leadership on the Field

#2 Michael Lombardi: Leadership on the Field

New England Patriots Coach Michael Lombardi and I discuss the four aspects of leadership, high stakes decision making, creating a winning culture at work and at home and much more.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

29 Maj 201534min

#1 Michael Mauboussin: When To Trust Your Gut

#1 Michael Mauboussin: When To Trust Your Gut

Multiple best selling author and financial strategist Michael Mauboussin shares his wisdom on parenting, daily routines, reading, and how to make better decisions.   Go Premium: Members get early access, ad-free episodes, hand-edited transcripts, searchable transcripts, member-only episodes, and more. Sign up at: https://fs.blog/membership/   Every Sunday our newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish Learn more about your ad choices. Visit megaphone.fm/adchoices

28 Apr 201540min

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