🇺🇸 United States Episodes

My guest this week for the third time is Michael Mauboussin. If there is a major question about markets and investing, Michael has usually written one of the best pieces of research on that topic. Today’s conversation is a mix of several of his research pieces, but focuses on the sources of alpha. The framing of the conversation is the brilliant question “who is on the other side” of a given trade. If you are buying, who is selling, and why? Knowing the answer to this question is one key to understanding where excess return comes from. As is usual with Michael, we also explore tons of other interesting ideas that will serve as food for thought. Please enjoy. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 1:23 - (First Question) – An outline of the syllabus for the course he teaches 4:02 – What are smart people missing when it comes to decision making 5:33 – Why Michael went down the path of defining major investing concepts             7:41 – On the impossibility of informational inefficient markets 9:14 – Beware behavioral finance 12:03 – What are the behavioral errors that people can take advantage of in a trade 15:14 – Timing opportunities             17:25 – Modest Proposal Podcast Episode 17:47 – Where the analytical edge comes from 21:16 – Is there an advantage to exhibit time arbitrage 23:53 – Technical arbitrage 29:34 – What impact do flows into ETFs play on the market 32:25 – Informational edge and how you source that edge 36:39 – Biggest changes that he has seen on the buy side 43:18 -  How would Michael apply this as a sports GM 48:35 – His views on stock buybacks             51:02 – The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success 52:55 – EBIT to EBITDA paper             54:43 – What Does a PE Multiple Mean? 59:28 – The concept of benign myths 1:02:06 – What the future holds of Michael             1:04:17 – The Myth of Capitalism: Monopolies and the Death of Competition   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

If you try to avoid risk, you actually risk total failure. Or worse: mediocrity. Take it from Shellye Archambeau. She led the most stunning Silicon Valley turnaround you’ve never heard of. She took the role of CEO for a failing tech company, months from bankruptcy. Through a series of calculated risks, she led it through a complex merger, a head-spinning pivot, and grew it into MetricStream, which now boasts 1,200 employees and a valuation in the hundreds of millions. How? Clear goals and big risks — the same principles that have defined her career. With a cameo appearance by poker champion Liv Boeree.Read a transcript of this interview at: https://mastersofscale.com/shellye-archambeau-take-bigger-risks/Subscribe to the Masters of Scale weekly newsletter: https://mastersofscale.com/subscribeSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Lindsey Fitzharris is an author and medical historian. She is the creator of the popular blog, The Chirurgeon's Apprentice and the host of the YouTube video series Under the Knife. Her book "The Butchering Art: Joseph Lister's Quest to Transform the Grisly World of Victorian Medicine" is available now via Amazon. https://www.youtube.com/user/UnderTheKnifeShow Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ron Funches is a comedian, actor and writer. His new special "Giggle Fit" is available now to download via Comedy Central, Amazon, and iTunes. Learn more about your ad choices. Visit podcastchoices.com/adchoices

How do creative people come up with great ideas? Organizational psychologist Adam Grant studies "originals": thinkers who dream up new ideas and take action to put them into the world. In this talk, learn three unexpected habits of originals -- including embracing failure. "The greatest originals are the ones who fail the most, because they're the ones who try the most," Grant says. "You need a lot of bad ideas in order to get a few good ones."For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch.Interested in learning more about upcoming TED events? Follow these links:TEDNext: ted.com/futureyouTEDSports: ted.com/sportsTEDAI Vienna: ted.com/ai-viennaTEDAI San Francisco: ted.com/ai-sf Hosted on Acast. See acast.com/privacy for more information.

Jonny & Yusef from PropaneFitness.com join me again for the final instalment in our Relationships Series as we tackle the most murky topic of all - how to be single. Expect to learn our top red flags to look out for in a potential partner, why Tinder is a waste of time and how demonstrating value through dance moves can be just as good as having an impressive Instagram account. With great power comes great responsibility - please use The Funnel with the respect it deserves. Extra Stuff: Relationships 101 - https://youtu.be/Sm4lIGLmYEE Relationships 102 - https://youtu.be/O9FA4uJj_pM Relationships 103 - https://youtu.be/8KPoKkNty-A Check out everything I recommend from books to products and help support the podcast at no extra cost to you by shopping through this link - https://www.amazon.co.uk/shop/modernwisdom - Get in touch. Join the discussion with me and other like minded listeners in the episode comments on the MW YouTube Channel or message me... Instagram: https://www.instagram.com/chriswillx Twitter: https://www.twitter.com/chriswillx YouTube: https://www.youtube.com/ModernWisdomPodcast Email: https://www.chriswillx.com/contact Learn more about your ad choices. Visit megaphone.fm/adchoices

In a live appearance at UCLA’s Royce Hall, Oprah explains why it’s important for all of us to find our own truth. “What is the truth of me? Why am I here? And what do I have to offer?” Oprah asks. “The answer,” she says, “is yourself.” Oprah shares why you are enough, just as you are, and offers up the one question you need to ask whenever life throws you a curveball. She also shares what she wants everyone to stop doing right now.

with Safi Bahcall (@safibahcall), Vijay Pande (@vijaypande), and Sonal Chokshi (@smc90) A "moonshot" is a destination (like going to the moon, quite literally) -- but nurturing "loonshots" (which often involves a number of stumbles along the way) is...

Billy Corben is a documentary producer and director, best known for his films “Cocaine Cowboys ” & “Cocaine Cowboys 2″ and also “Broke” & “The U” for ESPN’s 30 for 30 series. His latest film "Screwball" releases in theaters on March 29, and VOD will be available on April 5. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Lenny Clarke is a legendary Boston comic and actor. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Eric Weinstein is a mathematician, economist, physicist, and managing director of Thiel Capital. He formed the "intellectual dark web" which is a loosely assembled group of public intellectuals including Sam Harris, Jordan Peterson, Steven Pinker, Joe Rogan, Michael Shermer, and a few others. Video version is available on YouTube. If you would like to get more information about this podcast go to https://lexfridman.com/ai or connect with @lexfridman on Twitter, LinkedIn, Facebook, Medium, or YouTube where you can watch the video versions of these conversations.

Bees are dying off in record numbers, but ecologist Noah Wilson-Rich is interested in something else: Where are bees healthy and thriving? To find out, he recruited citizen scientists across the US to set up beehives in their backyards, gardens and rooftops. Learn how these little data factories are changing what we know about the habitats bees need to thrive -- and keep our future food systems stable.For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch.Interested in learning more about upcoming TED events? Follow these links:TEDNext: ted.com/futureyouTEDSports: ted.com/sportsTEDAI Vienna: ted.com/ai-viennaTEDAI San Francisco: ted.com/ai-sf Hosted on Acast. See acast.com/privacy for more information.

New York Times best-selling author Cynthia Bond discusses her first novel, “Ruby,” which is an Oprah’s Book Club choice. Cynthia says that as an adult she was flooded with painful memories of sexual abuse from her childhood. She found healing in a writing class and her work there eventually led to the idea for the novel that would take her 10 years to complete. “Ruby” was finally published in 2014. Cynthia says the message she wants to share in her book is about survival. "The lesson is that it is possible to not just survive anything, but it is possible to be a victor,” she says. “It is possible to be victorious over any obstacle. And that's something I know in my marrow. I know in my bones." Cynthia also talks about her years of teaching writing classes to the homeless and at-risk youth throughout the Los Angeles area.

Bryan Callen is an actor and stand-up comedian, and together with Brendan Schaub he also hosts “The Fighter & The Kid” podcast on Spotify. His new stand up special "Complicated Apes" is now available to download various platforms. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Safi Bahcall, a former biotech CEO, began his career as a theoretical physicist before joining the business world. He compares the moment that innovative companies become complacent ones to a glass of water freezing, becoming ice. The elements are the same, but the structure of the company has changed. Bahcall offers ways for growing companies to avoid these inevitable forces and continue to innovate. He's the author of the book "Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries" and the HBR article “The Innovation Equation."

Professional Arab women juggle more responsibilities than their male counterparts, and they face more cultural rigidity than Western women. What can their success teach us about tenacity, competition, priorities and progress? Tracing her career as an engineer, advocate and mother in Abu Dhabi, Leila Hoteit shares three lessons for thriving in the modern world.2547For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch.Interested in learning more about upcoming TED events? Follow these links:TEDNext: ted.com/futureyouTEDSports: ted.com/sportsTEDAI Vienna: ted.com/ai-viennaTEDAI San Francisco: ted.com/ai-sf Hosted on Acast. See acast.com/privacy for more information.

My guest this week is with Annie Duke, and the topic of our discussion is how to improve decision making. We break decisions down into their component parts: values, beliefs, decisions, randomness, and outcomes. After diving into each, we discuss how to make better decisions, how to work in group settings, and how to harness power of tribes and identity to improve our behavior. Annie has thought about this as much as anyone, and her various tricks for getting us to think in probabilities and to stop evaluating decisions based on outcomes that have been tainted by randomness will be useful for anyone listening. Please enjoy. For more episodes go to InvestorFieldGuide.com/podcast. Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub. Follow Patrick on Twitter at @patrick_oshag   Show Notes 1:23 - (First Question) – Why people don’t take the best investing advice 2:11 – Investing tribes             4:21 – Jay Van Bavel twitter 6:34 – Rule setting as a way of crafting an investment strategy 11:13 – How much control do we have in choosing our values   15:52 – Anatomy of a decision 19:28 – Her concept of resulting 26:47 -  How beliefs impact your decision making 34:28 – Tact’s for making the best decision 42:40 – Ego and decision making 47:06 – People who are exceptional at changing their decision making 48:18 – How often do people who change their decision making, stick with the rules of the game             50:07 – Finite and Infinite Games 50:28 – Psychology of making decision that involves other people 59:20 -  Never close doors on other people 1:01:57 – Best decision that Annie made 1:04:24 – Kindest thing anyone has done for Annie   Learn More For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

Ron White is a stand up comedian and actor, best known as a charter member of the Blue Collar Comedy Tour. His new special "If You Quit Listening, I'll Shut Up" is now streaming on Netflix. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gary Taubes is a journalist, writer and low-carbohydrate diet advocate. Stephan Guyenet, PhD, is a neuroscientist and is also the founder and director of Red Pen Reviews. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Phil Plait was on the Hubble Space Telescope team that discovered the first exoplanet ever detected -- until they realized they'd made a mistake. What happened next? Follow along as Plait shows how science progresses -- through a robust amount of making and correcting errors. "The price of doing science is admitting when you're wrong, but the payoff is the best there is: knowledge and understanding," he says.For a chance to give your own TED Talk, fill out the Idea Search Application: ted.com/ideasearch.Interested in learning more about upcoming TED events? Follow these links:TEDNext: ted.com/futureyouTEDSports: ted.com/sportsTEDAI Vienna: ted.com/ai-viennaTEDAI San Francisco: ted.com/ai-sf Hosted on Acast. See acast.com/privacy for more information.