Thinking Fast and Slow: How to make better decisions and avoid hidden mind traps

Dive into the timeless insights of Morgan Housel's book 'Same As Ever' and the nature or things that never change. We unpack the most profound lessons from the book, exploring how subtle shifts in perspective can lead to monumental changes in personal finance and decision-making. Sam invites his book review cohost Nicolas Vereecke on the show to discover how Housel's principles can be applied to everyday life, providing clarity and guidance through the complexities of economics and behavioural finance. Lessons and principles include: Risk is what we don't see Balancing drive and satisfaction Investing in things that are permanent winners The role of Cohorts on success Permanent vs. Expiring information Join us as we decode strategies for smarter investing, savvier saving, and overall wiser financial health. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Morgan Housel Links Morgan's Blog - Collab Fund Morgan's Podcast - The Morgan Housel Podcast Psychology of Money Same As Ever Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Introduction - Things that never change 04:29 Book summary: Same as Ever by Morgan Hause 05:01 Human behaviour the Lindy Principle 05:54 Key Takeaway: Progress is Hard to See 06:56 The Impact of Evolution on Human Perception 10:10 The Risks We Don't See 10:47 The Role of Luck in Success 16:06 Happiness and Expectations 18:39 Balancing Stress and Relaxation 20:42 Balancing drive with Satisfaction - Ad break 23:13 The Influence of Your Social Circle 28:06 The Impact of Age in Professional Hockey 29:02 The Role of Private Tutoring in Education 29:42 The Influence of Cohorts on Success 31:16 Permanent vs. Expiring Information 33:39 Books vs. Podcasts: A Debate 37:46 Getting information from the source - Ad break 2 42:42 The Value of Taste and Enthusiasm 44:34 Book Review and Final Thoughts Learn more about your ad choices. Visit podcastchoices.com/adchoices

26 Juli 202452min

There is no better time to contemplate the meaning of your existence than a Tuesday. Tackle the meaty questions of life, using philosophical tools and some lessons from the school of Positive Psychology. We curiously dive through the principles of physics and the lessons of history to contemplate the effect of time on our lives. Opposingly we examine the effects of our life on everything else and why we even do things. Along the way, we'll take on ideas from Ghengis Kahn and Julius Caesar to songwriting and dancing. Some questions answered" What makes something worth doing? What is the point of Legacy? How can I be consistently happier? Why does no one want to be a mummy (Egyptian style) these days? What is the coolest saying ever? This is one of our more 'out there' episodes and Sam would like you to know he has not been taking drugs and that he is always like this. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Related Episodes Thinking Fast and Slow: How to make better decisions - July 12th, 2024 Make Time Your Friend - May 26th, 2024 Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 How Time Creates Existence 01:06 Exploring the Philosophy of Time 02:49 Why the Concept of Winning Doesn't Exist 05:42 Patterns in the River of Time 06:52 Julius Caesar and the power of words 08:02 Patterns in Music and Art 09:54 Fighting Entropy with Patterns 12:23 The Temporary Nature of Existence 13:12 Creating Patterns for Others vs. Self 14:12 The Concept of Legacy 16:06 Optimizing for the Experiencing Self 19:01 Final Thoughts and Outro Learn more about your ad choices. Visit podcastchoices.com/adchoices

23 Juli 202423min

Some of the most important life skills sound strange to work on. But high-performers work on them anyway. From building your curiosity and enthusiasm to a better sense of humour. Several life skills make all the difference in your social and professional life. We'll even learn essential ideas that make us happier, more patient and more right. Yes, that's a thing. What's odd is that society says many things like our interests and humour are just part of who we are. We feel ashamed to want to work on becoming more unique. That is a fixed mindset approach. We embrace our weird side and do our own thing. Become the black sheep that doesn't follow the herd and build skills that make us truly unique, memorable, and happy on our terms. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Related Episodes The Feynman Technique: Learn To Master Anything - June 16th, 2024 Get Noticed and Be Remembered - Aug 30th, 2022 The Simple Art of Happiness - Bob Asim - 21st May, 2018 Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Introduction: Unconventional Traits for Success 03:48 #1- Becoming a Deep Thinker 08:53 Focusing on Quality Information 10:12 Train your Attention and Build your Environment 13:38 #2 Building Curiosity: The Key to Lifelong Learning 17:35 #3 How to Be Unique 22:55 #4 Discovering and Nurturing Your Interests 27:15 #5 The Power of Humor: A Life-Changing Skill 29:01 Practical Tips for Developing a Sense of Humor 30:25 Developing Your Unique Comedy Style 32:37 Mastering the Rule of Threes 34:41 The Magic of Puns 37:05 #6 Building Enthusiasm in Life 40:59 #7 Understanding Ego in Communication 46:07 #8 How to Stay Calm and Patient 52:52 Bonus areas to consider 55:59 Send Off Learn more about your ad choices. Visit podcastchoices.com/adchoices

19 Juli 202459min

Why top performers embrace imperfection and celebrate victories. We dig into the show archives to uncover the timeless topic of perfectionism. Hedonic adaption is a major reason we aren't as happy as we should be and relentlessly pursue the next thing without taking time to even reflect on the happiness we are seeking. Lessons from the episode: Balancing perfect with good enough When our work is better than we think it is Why we aren't as happy as we deserve The importance Recognising achievements Building more sustainable happiness When we ask ourselves why are we unhappy we often seek more things to solve our problems and jump onto the next things as quickly as possible. However, a big part of our unhappiness is this exact habit to relentlessly move on that we can't even experience joy when we do achieve something. This episode will help ground you in reality. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Newsletter examples When and What to Celebrate Is your work better than you think it is? Chapters: 00:00 Introduction to perfectionism and Celebrating Our Wins 03:09 Celebrating Successes 04:17 Perfectionism and Letting Go 06:41 The Concept of Bundling in Business 08:46 The Importance of Celebrating Achievements 10:17 The Struggles of Entrepreneurship 11:28 Prioritizing Celebrations for long-term success 14:21 Personal Achievement: Running an Ultra Marathon 17:40 Recognizing Your Own Successes that pass us by 18:54 Reflecting on 200 Episodes 20:51 Future Plans and New Projects 22:51 Conclusion and Call to Action Learn more about your ad choices. Visit podcastchoices.com/adchoices

16 Juli 202426min

The surprising psychology of rationality, bias, numbers and happiness can improve your decision-making. Daniel Kahneman's 'Thinking Fast and Slow' explores the interplay between our fast, intuitive thinking (System 1) and our slow, rational thinking (System 2). Sam discusses various cognitive biases and how our thinking systems cause them such as the anchoring effect, availability heuristic, confirmation bias, and overconfidence bias. He also covers fundamental theories like prospect theory and the peak-end rule, offering practical insights on fostering happiness and making better life choices. Stay tuned to learn more about how our brains work and how we can use this knowledge for self-improvement. Sponsors: ManScaped: Men's grooming at its best. 20% Off + Free Shipping - code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries of the world's best books. Free trial + 20% off - code 'PSYCHOLOGY' - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. 20% discount - code 'GROWTH20' - SleepyClub.co.uk Further Reading: Thinking Fast and Slow - Daniel Kahneman Predictably Irrational - Dan Ariely Further Listening Enjoyed this episode? Check out the rest of the Cognitive Biases series: Ego Blindspots: 9 Cognitive Biases to Avoid - [May 7th] Human Nature vs. Money: Battling Irrationality & Thinking Traps [May 19th] Confirmation Bias and the 7 Sins of Lazy Thinking - [June 4th] Reality Distortion and the 7 Illusions of Perception Impact Everyone - [June 18th] Cognitive Rigidity and How Einstein Overcame the 5 Biases that Keep Us Stuck - [June 19th] [YOU ARE HERE] - Thinking Fast and Slow Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Understanding Cognitive Biases, comedy and systems of thinking 02:50 Deep Dive into System One and System Two Thinking 04:15 How System 1 and System 2 Work Together 05:40 System 1's Impact on Decision Making 07:18 System 1 and Politics 10:20 The Teenage Brain and System 2 Development 11:24 Cognitive Biases and Their Impact 16:34 The Law of Large Numbers 21:29 Prospect Theory and Risk Assessment 21:46 The Cookie Analogy: Understanding Loss Aversion 22:31 Rationality and Utility Theory in Economics 24:30 Prospect Theory: Perception of Value and Risk 26:06 Probability and Decision Making 28:19 The Experiencing Self vs. The Remembering Self 30:07 The Peak-End Rule and Its Impact on Memory 33:45 Balancing Moment-to-Moment Pleasure and Long-Term Satisfaction 36:56 The Focusing Illusion: What Really Matters 42:33 Final Thoughts and Recommendations Learn more about your ad choices. Visit podcastchoices.com/adchoices

12 Juli 202448min

What do we learn from the legends of history and how they approached innovation and making things happen? An action-packed episode today to inspire curious minds to think big and act accordingly. What blocks ideas? How to make progress? The power of consistency Why do Greek statues have tiny packages? All that and more in this Growth mindset masterclass into the psychology of genius thinkers and the behaviours and mental models behind making things happen. Sponsors: ManScaped: Leading the charge in Men's grooming below and above the waist. 20% Off + Free Shipping using code 'GROWTH' - ManScaped.com/Growth ShortForm: Summaries and guides for the world's best books and ideas. Free trial and 20% off annual fee - ShortForm.com/Psychology SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day. 20% discount code 'GROWTH20' - SleepyClub.co.uk Meet Sam Free Call - Schedule Link Growth Mindset Psychology: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Website - GrowthMindsetPodcast.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Introduction 00:31 The Analogy of Ideas Taking Flight 02:09 The Challenge of Execution 02:59 The Importance of Persistence 03:55 Learning from Historical Figures 06:16 Consistency is Key 08:01 The Role of Feedback 10:01 The Power of Consistency 11:03 The Myth of the Perfect Idea 12:51 The Concept of Destiny 15:07 The Legacy of Actions 17:08 The Tragic Endings of Legends 18:04 Why Do Greek Statues Have Tiny Penises??? 19:00 Wrap up Learn more about your ad choices. Visit podcastchoices.com/adchoices

9 Juli 202422min

Standard Self-improvement advice is usually beige, unhelpful and often just wrong. We dive into the topic of "You are the 5 people you spend most time with" and learn where it is wrong and dangerous to follow. Instead, we learn a toolkit to be ourselves wherever we are and build relationships that nourish us. Lessons: Where common advice falls short Signs of toxic relationships blocking you from your potential Signs of healthy relationships Using the Growth Mindset to control your influences and outcomes Seeking variety from your inputs The dangers of conforming and group-think This episode holds a core mental-model for building a Growth Mindset and how to seek inspiration around you. Avoid getting caught in group-think or relationships that create Fixed Mindset thinking and be more yourself. Sponsors: ManScaped: Leading the charge in Men's grooming below and above the waist. Get 20% Off and Free Shipping with the code GROWTH - ManScaped.com/Growth SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day. 20% discount code 'GROWTH20' - SleepyClub.co.uk ShortForm: Summaries and guides for the world's best books and ideas. FREE trial and 20% off annual fee - ShortForm.com/Psychology Recommended Episodes: Social Pressure Personality Disorder - 05th May 2024 Be More Yourself in 2024 - 05th Jan 2024 16 Paradoxes of Life - 16th Jan 2024 Meet Sam Free Call - Schedule Link Growth Mindset pod: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Newsletter - Expansive Thinking Questions to reflect on What are my strengths? When do I feel like I am being myself? I am putting my energy directly into the thing I want to do or is it postponed for some reason? Is there a faster way to reach the lifestyle I want? Who are my idols? Why do I look up to them? Could I have better idols? Who are 5 cool but very different friends to me, what would they tell me to do? Chapters: 00:00 - What is a Growth Mindset? 00:20 - You are not the 5 people you spend time with 01:23 - How Skiing proves others don't affect you 04:08 - Don't be blocked from being yourself 04:40 - Best Friends Don't Need To Be Aspirational Figures 06:30 - Opposite can work 08:50 - Choose your inspiration 09:36 - Small encounters can have butterfly effects 10:53 - Prioritise healthy relationships 11:30 - Avoid being lost in generic groups/cliques 12:08 - Sahil Lavingia and GumRoad 13:53 - Build Variety in your relationships 14:53 - Questions to journal on (see above) 16:05 - Life tips Learn more about your ad choices. Visit podcastchoices.com/adchoices

5 Juli 202420min

Research has shown 4 mindset pairs as recurring themes for success in life and leadership: Fixed vs. Growth Mindset Closed vs. Open Mindset Prevention vs. Promotion Mindset Inward vs. Outward Mindset By looking into the science of how these mindsets show up in our lives we can build a more robust approach to success and happiness. These mindsets affect how we show up, how easy we are to get on with, and our relationship with fear. Ryan Gottfredson PhD is a researcher, author and consultant who helps leaders develop their skills and success. He joins the show to discuss his research and work for his book on the mindsets for success for leaders and in all life. Sponsors: ManScaped: Leading the charge in Men's grooming below and above the waist. Get 20% Off and Free Shipping with the code GROWTH - ManScaped.com/Growth SleepyClub: Doctor-approved natural sleeping aid that improves sleep quality. Safe to take every day. 20% discount code 'GROWTH20' - SleepyClub.co.uk ShortForm: Summaries and guides for the world's best books and ideas. FREE trial and 20% off annual fee - ShortForm.com/Psychology Recommended Books: Mindset - Carol Dweck The Effective Executive - Peter Drucker You are a Bad Ass at Making Money - Jen Sicero Leadership and Self-Deception - Arbinger Institute See Arbinger Institute interview on the show here - How to Stop Self-Deception and Narrow-Minded Thinking Ryan Gottfredson Website - RyanGottfredson.com Book - Success Mindsets Meet Sam Free Call - Schedule Link Growth Mindset pod: Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement. Watch - YouTube (Growth Mindset) Mail - GrowthMindsetPodcast(at)gmail.com Insta - SamJam.zen Newsletter - Expansive Thinking Chapters: 00:00 Introduction to Mindsets and Behaviour 02:40 The Power of Mindsets in Leadership 04:54 Understanding Non-Conscious Automatic Processes 08:46 The Four Sets of Mindsets 09:56 Fixed vs. Growth Mindset 11:34 Closed vs. Open Mindset 15:21 Can Growth Mindset fix other mindset problems 22:49 Prevention vs. Promotion Mindset 29:51 Inward vs. Outward Mindset 35:45 Brene Brown rising Strong and how we see homeless people 41:29 Coaching Techniques and Mindset Shifts Learn more about your ad choices. Visit podcastchoices.com/adchoices

2 Juli 202451min