{"id":4353,"date":"2023-09-30T04:55:13","date_gmt":"2023-09-30T08:55:13","guid":{"rendered":"https:\/\/parmaks.com\/Resources\/shane-parrish-on-wisdom-from-warren-buffett-rules-for-better-thinking-how-to-reduce-blind-spots-the-dangers-of-mental-models-and-more-695\/"},"modified":"2023-09-30T04:55:13","modified_gmt":"2023-09-30T08:55:13","slug":"shane-parrish-on-wisdom-from-warren-buffett-rules-for-better-thinking-how-to-reduce-blind-spots-the-dangers-of-mental-models-and-more-695","status":"publish","type":"post","link":"https:\/\/parmaks.com\/Resources\/shane-parrish-on-wisdom-from-warren-buffett-rules-for-better-thinking-how-to-reduce-blind-spots-the-dangers-of-mental-models-and-more-695\/","title":{"rendered":"Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More (#695)"},"content":{"rendered":"<p> <a href=\"https:\/\/hop.clickbank.net\/?affiliate=infohatch&amp;vendor=J1R2C\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10614 aligncenter\" src=\"http:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png\" alt=\"Profit Gen\" width=\"400\" height=\"217\" srcset=\"https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png 400w, https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px-300x163.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><br \/>\n<\/p>\n<div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"480\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration.jpeg?resize=600%2C480&amp;ssl=1\" alt=\"\" class=\"wp-image-69317\" srcset=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?resize=1024%2C819&amp;ssl=1 1024w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?resize=300%2C240&amp;ssl=1 300w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?resize=768%2C614&amp;ssl=1 768w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?resize=1536%2C1229&amp;ssl=1 1536w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?resize=2048%2C1638&amp;ssl=1 2048w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?w=1200&amp;ssl=1 1200w, https:\/\/i0.wp.com\/tim.blog\/wp-content\/uploads\/2023\/09\/Shane-Parrish-Illustration-scaled.jpeg?w=1800&amp;ssl=1 1800w\" sizes=\"auto, (max-width: 767px) 90vw, 600px\" data-recalc-dims=\"1\"\/><figcaption class=\"wp-element-caption\">Illustration via <a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"http:\/\/99designs.com\/tim\">99designs<\/a><\/figcaption><\/figure>\n<blockquote class=\"wp-block-quote\">\n<p><strong>\u201cOutcome over ego.\u201d <\/strong><\/p>\n<p><cite>\u2014 Shane Parrish<\/cite><\/p><\/blockquote>\n<p><strong>Shane Parrish<\/strong>\u00a0(<a href=\"https:\/\/twitter.com\/ShaneAParrish\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">@ShaneAParrish<\/a>)\u00a0is the entrepreneur and wisdom seeker behind\u00a0<a href=\"https:\/\/fs.blog\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Farnam Street<\/a>\u00a0and the host of\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/the-knowledge-project-with-shane-parrish\/id990149481\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><em>The Knowledge Project<\/em><\/a>\u00a0podcast, where he focuses on mastering the best of what other people have already figured out. Shane\u2019s popular online course,\u00a0<a href=\"https:\/\/fs.blog\/decision-by-design\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><em>Decision by Design<\/em><\/a>, has helped thousands of executives, leaders, and managers around the world learn the repeatable behaviors that improve results. His work has been featured in nearly every major publication, including\u00a0<em>The New York Times<\/em>,<em>\u00a0The Wall Street Journal<\/em>, and\u00a0<em>Forbes<\/em>.<\/p>\n<p>Shane is the author of\u00a0<a href=\"https:\/\/www.amazon.com\/Clear-Thinking-Turning-Ordinary-Extraordinary\/dp\/0593086112\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Clear Thinking: Turning Ordinary Moments into Extraordinary Results<\/em><\/strong><\/a>.<\/p>\n<p>Please enjoy!<\/p>\n<p><strong><em><strong><em>Listen to the episode on\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/695-shane-parrish-on-wisdom-from-warren-buffett-rules\/id863897795?i=1000629404440\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Apple Podcasts<\/a>,\u00a0<a href=\"https:\/\/open.spotify.com\/episode\/2QAzynNrQJd5cHur0bYNtI?si=hlFkaW5eSS63nAb5TDbKfw\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Spotify<\/a>,\u00a0<a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/overcast.fm\/+Kebv8ouFU\">Overcast<\/a>,\u00a0<a href=\"https:\/\/podcastaddict.com\/podcast\/2031148#\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Podcast Addict<\/a>,\u00a0<a href=\"https:\/\/pca.st\/timferriss\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Pocket Casts<\/a>,\u00a0<a href=\"https:\/\/castbox.fm\/channel\/id1059468?country=us\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Castbox<\/a>,\u00a0<a href=\"https:\/\/podcasts.google.com\/?feed=aHR0cHM6Ly9yc3MuYXJ0MTkuY29tL3RpbS1mZXJyaXNzLXNob3c&amp;ved=0CAAQ4aUDahcKEwjI_ezXzuDnAhUAAAAAHQAAAAAQAQ\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Google Podcasts<\/a>,\u00a0<strong><em><strong><em><a href=\"https:\/\/music.amazon.com\/podcasts\/9814f3cc-1dc5-4003-b816-44a8eb6bf666\/the-tim-ferriss-show\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Amazon Music<\/a>,\u00a0<\/em><\/strong><\/em><\/strong>or on your favorite podcast platform<\/em><\/strong><\/em><\/strong><em><strong>.<\/strong><\/em>\u00a0<em><strong><a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=-T30rY6Nqrc\">Watch the interview on YouTube here<\/a>.<\/strong><\/em><\/p>\n<p><strong><em><strong><em><strong><em>Brought to you by\u00a0<\/em><\/strong><a href=\"https:\/\/livemomentous.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Momentous<\/em><\/strong><\/a><strong><em>\u00a0high-quality supplements,\u00a0<\/em><\/strong><a href=\"https:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Eight Sleep\u2019s Pod Cover<\/em><\/strong><\/a><strong><em>\u00a0sleeping solution for dynamic cooling and heating, and\u00a0<\/em><\/strong><a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>AG1<\/em><\/strong><\/a><strong><em>\u00a0all-in-one nutritional supplement.<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n<p><em>The transcript of this episode\u00a0<a href=\"https:\/\/tim.blog\/2023\/09\/29\/shane-parrish-farnam-street-transcript\/\" target=\"_blank\" rel=\"noreferrer noopener\">can be found here<\/a>. Transcripts of all episodes\u00a0<a href=\"https:\/\/tim.blog\/2018\/09\/20\/all-transcripts-from-the-tim-ferriss-show\/\" target=\"_blank\" rel=\"noreferrer noopener\">can be found here<\/a>.<\/em><\/p>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/695-shane-parrish-on-wisdom-from-warren-buffett-rules\/id863897795?i=1000629404440\"><img decoding=\"async\" src=\"https:\/\/i0.wp.com\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/apple-podcast.png?w=600&amp;ssl=1\" class=\"podcast-block__link-icon\" data-recalc-dims=\"1\"\/><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Apple Podcasts<\/span><\/a><\/div>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/open.spotify.com\/episode\/2QAzynNrQJd5cHur0bYNtI?si=hlFkaW5eSS63nAb5TDbKfw\"><img loading=\"lazy\" width=\"167\" height=\"167\" decoding=\"async\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/spotify.svg\" class=\"podcast-block__link-icon\"\/><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Spotify<\/span><\/a><\/div>\n<div class=\"wp-block-tim-podcast-link-main podcast-block wp-embed-aspect-16-9 wp-has-aspect-ratio\"><a class=\"podcast-block__link\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\" href=\"https:\/\/overcast.fm\/+Kebv8ouFU\"><img loading=\"lazy\" width=\"1000\" height=\"1000\" decoding=\"async\" src=\"https:\/\/tim.blog\/wp-content\/themes\/timferriss\/inc\/blocks\/podcast-link\/images\/overcast.svg\" class=\"podcast-block__link-icon\"\/><span class=\"podcast-block__link-text-top\">Listen on<\/span><span class=\"podcast-block__link-text\">Overcast<\/span><\/a><\/div>\n<div class=\"podcast-player\">\n<div class=\"podcast-player-inner-wrap\">\n<p>#695: Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More<\/p>\n<p><noscript><iframe src=\"https:\/\/www.art19.com\/shows\/58dacbdc-646e-4585-9914-19c3de11d1ba\/episodes\/d2600fed-8b2e-420e-87ea-de601d1855ee\/embed?type=micro\" style=\"width: 100%; height: 30px; border: 0 none;\" scrolling=\"no\"><\/iframe><\/noscript><\/div>\n<\/div>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" title=\"Rules for Better Thinking, How to Reduce Blind Spots, &amp; More | Shane Parrish | The Tim Ferriss Show\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/-T30rY6Nqrc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/span>\n<\/p>\n<\/figure>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>This episode is brought to you by <a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/drinkag1.com\/tim\">AG1<\/a>!<\/strong>\u00a0I get asked all the time, \u201cIf you could use only one supplement, what would it be?\u201d My answer is usually\u00a0<a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">AG1<\/a>, my all-in-one nutritional insurance. I recommended it in\u00a0<em>The 4-Hour Body<\/em>\u00a0in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but\u00a0<a href=\"https:\/\/drinkag1.com\/tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">AG1<\/a>\u00a0further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system.\u00a0<\/p>\n<p><strong>Right now,\u00a0you\u2019ll get a 1-year supply of Vitamin D free with your first subscription purchase<\/strong>\u2014a vital nutrient for a strong immune system and strong bones.\u00a0<strong>Visit\u00a0<a rel=\"nofollow external noopener noreferrer\" target=\"_blank\" href=\"https:\/\/drinkag1.com\/tim\">DrinkAG1.com\/Tim<\/a>\u00a0to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase!\u00a0<\/strong>That\u2019s up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health. <\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>This episode is also brought to you by\u00a0<\/strong><a href=\"http:\/\/livemomentous.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>Momentous<\/strong><\/a><strong>\u00a0high-quality supplements!\u00a0<\/strong>Momentous offers high-quality supplements and products across a broad spectrum of categories, and I\u2019ve been testing their products for months now. I\u2019ve been using their\u00a0<a href=\"https:\/\/www.livemomentous.com\/pages\/tim-ferriss#section-tims-favorite-products\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">magnesium threonate<\/a>,\u00a0<a href=\"https:\/\/www.livemomentous.com\/pages\/tim-ferriss#section-tims-favorite-products\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">apigenin<\/a>, and\u00a0<a href=\"https:\/\/www.livemomentous.com\/pages\/tim-ferriss#section-tims-favorite-products\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">L-theanine<\/a>\u00a0daily, all of which have helped me improve the onset, quality, and duration of my sleep. I\u2019ve also been using\u00a0<a href=\"https:\/\/www.livemomentous.com\/pages\/tim-ferriss#section-tims-favorite-products\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Momentous creatine<\/a>, and while it certainly helps physical performance, including poundage or wattage in sports, I use it primarily for mental performance (short-term memory, etc.).<\/p>\n<p>Their products are third-party tested (Informed-Sport and\/or NSF certified), so you can trust that what is on the label is in the bottle and nothing else.\u00a0<strong>If you want to try Momentous for yourself, you can use code Tim for 20% off your one-time purchase at\u00a0<\/strong><a href=\"http:\/\/livemomentous.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>LiveMomentous.com\/Tim<\/strong><\/a><strong>.\u00a0<\/strong>And not to worry, my non-US friends, Momentous ships internationally and has you covered.\u00a0<\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong>This episode is brought to you by <\/strong><a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>Eight Sleep<\/strong><\/a><strong>!<\/strong> <a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Eight Sleep\u2019s <strong>Pod Cover<\/strong><\/a> is the <strong>easiest and fastest way to sleep at the perfect temperature<\/strong>. It pairs dynamic cooling and heating with biometric tracking to offer the most advanced (and user-friendly) solution on the market. Simply add <a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">the Pod Cover<\/a> to your current mattress and start sleeping as cool as 55\u00b0F or as hot as 110\u00b0F. It also splits your bed in half, so your partner can choose a totally different temperature.<\/p>\n<p><strong><strong>Go to <\/strong><a href=\"http:\/\/eightsleep.com\/Tim\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong>EightSleep.com\/Tim<\/strong><\/a><strong> and save $250 on the Eight Sleep Pod Cover. Eight Sleep currently ships within the USA, Canada, the UK, select countries in the EU, and Australia.<\/strong><\/strong><\/p>\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<p><strong><a href=\"https:\/\/tim.blog\/2023\/01\/06\/james-clear-atomic-habits\/\" target=\"_blank\" rel=\"noreferrer noopener\">Want to hear<\/a> another episode with someone who spends his life learning how to solve problems and optimize time?<\/strong> Listen in on my conversation with <em>Atomic Habits<\/em> author <a href=\"https:\/\/tim.blog\/2023\/01\/06\/james-clear-atomic-habits\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>James Clear<\/strong><\/a>, in which we discuss habitual accountability, systemic scaffolding, capturing good ideas, leveraging maximal results from minimal scale, defying algorithms, how success generates opportunities <em>and<\/em> distractions, building good habits while breaking bad ones, optimizing environment for habit adherence, <a href=\"https:\/\/tim.blog\/2023\/01\/06\/james-clear-atomic-habits\/\" target=\"_blank\" rel=\"noreferrer noopener\">and much more<\/a>.<\/p>\n<div class=\"podcast-player\">\n<div class=\"podcast-player-inner-wrap\">\n<p>#648: James Clear, Atomic Habits \u2014 Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and More <\/p>\n<p><noscript><iframe src=\"https:\/\/www.art19.com\/shows\/58dacbdc-646e-4585-9914-19c3de11d1ba\/episodes\/9fc2c8f0-c03a-4493-9ee1-eed80cb604a4\/embed?type=micro\" style=\"width: 100%; height: 30px; border: 0 none;\" scrolling=\"no\"><\/iframe><\/noscript><\/div>\n<\/div>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" title=\"James Clear, Atomic Habits \u2014 Strategies for Mastering Habits, Questions for Growth, and Much More\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/T2r1jyhT2vg?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/span>\n<\/p>\n<\/figure>\n<p><strong>What was your favorite quote or lesson from this episode? Please let me know <a href=\"https:\/\/tim.blog\/2023\/09\/28\/shane-parrish-farnam-street\/#respond\">in the comments<\/a>.<\/strong><\/p>\n<p><strong>SCROLL BELOW FOR LINKS AND SHOW NOTES\u2026<\/strong><\/p>\n<p><span id=\"more-69315\"\/><\/p>\n<h3 class=\"wp-block-heading\">SELECTED LINKS FROM THE EPISODE<\/h3>\n<ul>\n<li>Connect with <strong>Shane Parrish<\/strong>:<\/li>\n<\/ul>\n<p class=\"has-text-align-center\"><a href=\"https:\/\/fs.blog\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Farnam Street Blog<\/a> | <a href=\"https:\/\/fs.blog\/knowledge-project-podcast\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Knowledge Project Podcast<\/a> | <a href=\"https:\/\/fs.blog\/decision-by-design\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Decision by Design<\/a> | <a href=\"https:\/\/twitter.com\/ShaneAParrish\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Twitter<\/a> | <a href=\"https:\/\/www.facebook.com\/FarnamStreet\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Facebook<\/a> | <a href=\"https:\/\/www.instagram.com\/farnamstreet\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Instagram<\/a><\/p>\n<ul>\n<li><a href=\"https:\/\/www.amazon.com\/Clear-Thinking-Turning-Ordinary-Extraordinary\/dp\/0593086112\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><strong><em>Clear Thinking: Turning Ordinary Moments into Extraordinary Results<\/em><\/strong><\/a>.<\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Stopwatch-Gang-Greg-Weston\/dp\/0771591365\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Stopwatch Gang by Greg Weston | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.villageofcarp.ca\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Village of Carp, ON<\/a><\/li>\n<li><a href=\"https:\/\/www.geeksforgeeks.org\/introduction-to-telnet\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Introduction to TELNET | GeeksforGeeks<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Nortel\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Nortel | Wikipedia<\/a><\/li>\n<li><a href=\"https:\/\/www.cse-cst.gc.ca\/en\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Communications Security Establishment | Government of Canada<\/a><\/li>\n<li><a href=\"https:\/\/www.nytimes.com\/2018\/11\/11\/business\/intelligence-expert-wall-street.html\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How a Former Canadian Spy Helps Wall Street Mavens Think Smarter | The New York Times<\/a><\/li>\n<li><a href=\"https:\/\/www.army.mil\/article\/147786\/experts_explain_mental_state_of_military_children\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Experts Explain Mental State of Military Children | The United States Army<\/a><\/li>\n<li><a href=\"https:\/\/www.beingdads.com\/shane-parrish\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Rational Man\u2019s Approach to Fatherhood | Being Dads<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/letting-children-fail-is-not-a-dereliction-of-duty\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Letting Children Fail is Not a Dereliction of Duty | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.sps.edu\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">St. Paul\u2019s School<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/joseph-tussman\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Letting the World Do the Work for You | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/doing-your-best\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Unlocking Your Potential: What It Means to Do Your Best | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/quoteinvestigator.com\/2018\/01\/30\/busy\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">If You Want Something Done, Ask a Busy Person To Do It | Quote Investigator<\/a><\/li>\n<li><a href=\"https:\/\/www.berkshirehathaway.com\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Berkshire Hathaway, Inc.<\/a><\/li>\n<li><a href=\"https:\/\/buffett.cnbc.com\/video\/2008\/05\/03\/morning-session---2008-berkshire-hathaway-annual-meeting.html\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">35. Amateurs Should Stick With Low-Cost Index Funds | 2008 Berkshire Hathaway Annual Meeting<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2023\/03\/03\/revisiting-warren-buffett-lessons-for-investors\/\" target=\"_blank\" rel=\"noreferrer noopener\">Revisiting Warren Buffett\u2019s Advice to Me in 2008 (Plus: 7 Lessons for Young Investors) | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Buffett-American-Capitalist-Roger-Lowenstein\/dp\/0812979273\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Buffett: The Making of an American Capitalist by Roger Lowenstein | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=iVrLsN5zM_A\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Daniel Kahneman on Cognitive Bias and Systems | Walton Family Foundation<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/tag\/cognitive-biases\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Cognitive Biases Archives | Farnam Street<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/before-you-make-that-big-decision\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">A Simple Checklist to Improve Your Decisions | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/thedecisionlab.com\/biases\/the-sunk-cost-fallacy\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Sunk Cost Fallacy | The Decision Lab<\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/p\/Cn6_02xOnk5\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Results Are a Function of Position by Shane Parrish | Instagram<\/a><\/li>\n<li><a href=\"https:\/\/www.forbes.com\/sites\/moneybuilder\/2015\/06\/10\/time-warp-warren-buffett-on-the-stock-market-circa-1999\/?sh=79b7feca3644\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Time Warp: Warren Buffett on the Stock Market, Circa 1999 | Forbes<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/b\/bandwagon-effect.asp\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">What Is the Bandwagon Effect? Why People Follow the Crowd | Investopedia<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/succeed-at-work\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Smarter, Not Harder: How to Succeed at Work | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/mental-models\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Mental Models: The Best Way to Make Intelligent Decisions (~100 Models Explained) | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Great-Mental-Models-Thinking-Concepts\/dp\/1999449002\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Great Mental Models Volume 1: General Thinking Concepts by Rhiannon Beaubien and Shane Parrish | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Great-Mental-Models-Physics-Chemistry\/dp\/1999449037\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Great Mental Models Volume 2: Physics, Chemistry and Biology by Rhiannon Beaubien and Shane Parrish | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Great-Mental-Models-Systems-Mathematics\/dp\/1999449061\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Great Mental Models Volume 3: Systems and Mathematics by Rhiannon Beaubien and Shane Parrish | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/second-order-thinking\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Second-Order Thinking: What Smart People Use to Outperform | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/dailystoic.com\/premortem\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Stoic Art of Negative Visualization | Daily Stoic<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Lateral-Thinking-Creativity-Step\/dp\/0060903252\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Lateral Thinking: Creativity Step by Step by Edward de Bono | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Thinking-Hats-Revised-Bono-Edward\/dp\/0140296662\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Six Thinking Hats by Edward de Bono | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/css-tricks.com\/lets-say-feedburner-shuts-down\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Let\u2019s Say FeedBurner Shuts Down\u2026 | CSS-Tricks<\/a><\/li>\n<li><a href=\"https:\/\/www.openculture.com\/2020\/01\/a-map-of-the-disney-entertainment-empire.html\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">A Map of the Disney Entertainment Empire Reveals the Deep Connections Between Its Movies, Its Merchandise, Disneyland, &amp; More (1967) | Open Culture<\/a><\/li>\n<li><a href=\"https:\/\/www.huffpost.com\/entry\/why-farnam-street-optimizes-for-loyalty-not-pageviews_b_575edcd5e4b079c7cee5fc65\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Why Farnam Street Optimizes for Loyalty, Not Pageviews by Herbert Lui | HuffPost<\/a><\/li>\n<li><a href=\"https:\/\/www.disco.co\/blog\/how-shane-parrish-scaled-the-farnam-street-learning-community-to-300k-people-who-want-to-think-smarter\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Shane Parrish\u2019s Success: Scaling to 300K with Farnam Street | Disco<\/a><\/li>\n<li><a href=\"https:\/\/scientific-publishing.webshop.elsevier.com\/research-process\/what-problem-statement-examples\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">What is a Problem Statement? | Elsevier Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/the-default-thinking-method-of-problem-solving\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Default-Thinking Method of Problem Solving | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/avoid-bad-decisions\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Avoiding Bad Decisions | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.newyorker.com\/tech\/annals-of-technology\/walking-helps-us-think\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Why Walking Helps Us Think | The New Yorker<\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/p\/Cxiv9MFpKYo\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Automatic Rules for Success by Shane Parrish | Instagram<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2020\/01\/20\/one-decision-that-removes-100-decisions\/\" target=\"_blank\" rel=\"noreferrer noopener\">Finding the One Decision That Removes 100 Decisions (or, Why I\u2019m Reading No New Books in 2020) | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/maker-vs-manager\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Maker vs. Manager: How Your Schedule Can Make or Break You | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/speed-velocity\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Understanding Speed and Velocity: Saying \u201cNO\u201d to the Non-Essential | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/what-you-do-today-is-not-essential\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Much of What You\u2019re Going to Do or Say Today is Not Essential | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Atomic-Habits-Proven-Build-Break\/dp\/0735211299\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Atomic Habits: An Easy &amp; Proven Way to Build Good Habits &amp; Break Bad Ones by James Clear | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2023\/01\/06\/james-clear-atomic-habits\/\" target=\"_blank\" rel=\"noreferrer noopener\">James Clear, Atomic Habits \u2014 Simple Strategies for Building (and Breaking) Habits, Questions for Personal Mastery and Growth, Tactics for Writing and Launching a Mega-Bestseller, Finding Leverage, and More | The Tim Ferriss Show #648<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/gp\/product\/030746363X\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 4-Hour Body: An Uncommon Guide to Rapid Fat Loss, Incredible Sex, and Becoming Superhuman by Timothy Ferriss | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/wp-content\/uploads\/2019\/07\/tim_ferriss_the-4-hour-chef_one_pager_slow_carb_diet.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">The Slow-Carb Diet One-Pager | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=cPgMeKfQFq8\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Rocks, Pebbles, and Sand: Prioritizing Your Life | Mindful Practices<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/four-types-of-relationships\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Four Types of Relationships | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/c\/compoundinterest.asp#:~:text=Understanding%20Compound%20Interest-,How%20Compound%20Interest%20Works,subtracted%20from%20the%20resulting%20value.\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Compound Interest Definition, Formula, and Calculation | Investopedia<\/a><\/li>\n<li><a href=\"https:\/\/medium.com\/an-idea-for-you\/how-james-clear-built-a-huge-email-list-before-he-was-a-bestselling-author-3b016dece74e\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How James Clear Built a Huge Email List Before He Was a Bestselling Author by Josh Spector | For The Interested<\/a><\/li>\n<li><a href=\"https:\/\/go.tim.blog\/5-bullet-friday-1\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Email Newsletter by Tim Ferriss | 5-Bullet Friday<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/knowledge-project-podcast\/naval-ravikant-171\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Naval Ravikant (2017) #171 | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/investing-rules\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Investing: The Rules of the Road | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/d\/dealflow.asp\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Deal Flow: The Venture Capital Term for Business Sentiment | Investopedia<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/tag\/investing\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Investing Archives | Farnam Street<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/i\/index-investing.asp\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Investing in an Index: Overview, Examples, and FAQ | Investopedia<\/a><\/li>\n<li><a href=\"https:\/\/fortune.com\/2022\/07\/12\/bill-ackman-liquidates-largest-spac-ever-returns-4-billion-investors-blank-check-era-fades\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Bill Ackman Liquidates Pershing Square Tontine Holdings, Largest SPAC Ever, and Returns $4 Billion to Investors | Fortune<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2008\/10\/21\/rethinking-investing-common-sense-rules-for-uncommon-times\/\" target=\"_blank\" rel=\"noreferrer noopener\">Rethinking Investing: Common-Sense Rules for Uncommon Times | Tim Ferriss<\/a><\/li>\n<li><a href=\"https:\/\/tim.blog\/2023\/09\/07\/nassim-nicholas-taleb-scott-patterson\/\" target=\"_blank\" rel=\"noreferrer noopener\">Nassim Nicholas Taleb &amp; Scott Patterson \u2014 How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More | The Tim Ferriss Show #691<\/a><\/li>\n<li><a href=\"https:\/\/www.investopedia.com\/terms\/o\/opportunitycost.asp\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Opportunity Cost Formula, Calculation, and What It Can Tell You | Investopedia<\/a><\/li>\n<li><a href=\"https:\/\/www.verywellmind.com\/what-is-maslows-hierarchy-of-needs-4136760\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The 5 Levels of Maslow\u2019s Hierarchy of Needs | Verywell Mind<\/a><\/li>\n<li><a href=\"https:\/\/www.iwillteachyoutoberich.com\/shane-parrish-make-it-a-little-less-about-luck-every-day\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Shane Parrish: Make It a Little Less about Luck Every Day | I Will Teach You to Be Rich<\/a><\/li>\n<li><a href=\"https:\/\/www.amazon.com\/Poor-Charlies-Almanack-Charles-Expanded\/dp\/1578645018\/?tag=offsitoftimfe-20\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Poor Charlie\u2019s Almanack: The Wit and Wisdom of Charles T. Munger | Amazon<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/problem-solving-tools\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Problem Solving Tools | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/tag\/problem-solving\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Problem Solving Archives | Farnam Street<\/a><\/li>\n<li><a href=\"https:\/\/www.instagram.com\/p\/CslrSHcOM9m\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">\u201cOutcome over Ego.\u201d | Instagram<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/wrong-side-right\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">The Wrong Side of Right | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/why-write\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Why Write? | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/fs.blog\/how-to-think\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">How to Think Better: The Skill You\u2019ve Never Been Taught | Farnam Street Blog<\/a><\/li>\n<li><a href=\"https:\/\/www.thedrive.com\/news\/8686\/study-using-gps-navigation-switches-off-brain-makes-you-stupid\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Study: Using GPS Navigation \u201cSwitches Off\u201d Brain, Makes You Stupid | The Drive<\/a><\/li>\n<li><a href=\"https:\/\/www.mcchrystalgroup.com\/insights\/weekly-whiteboard-slow-is-smooth-smooth-is-fast\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Weekly Whiteboard: Slow is Smooth, Smooth is Fast | McChrystal Group<\/a><\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">SHOW NOTES<\/h3>\n<ul>\n<li>[05:43] <em>The Stopwatch Gang<\/em> influences a D student.<\/li>\n<li>[10:54] How a low-grade troublemaker gets vetted for an intelligence job.<\/li>\n<li>[17:23] The impact of frequent relocation on a child.<\/li>\n<li>[21:33] The benefits of a challenging education (once the tears dry up).<\/li>\n<li>[31:09] From 68131-1440.blogger dot com to Farnam Street.<\/li>\n<li>[36:10] An early exploration of cognitive biases.<\/li>\n<li>[39:39] \u201cOrdinary moments determine your position, and your position determines your options.\u201d<\/li>\n<li>[45:55] Incisive, deliberate decision-makers.<\/li>\n<li>[47:44] Defining mental models.<\/li>\n<li>[50:47] The declaration of platform independence.<\/li>\n<li>[52:50] A Farnam Street business breakdown.<\/li>\n<li>[56:05] Scrutinizing the problem statement.<\/li>\n<li>[1:03:12] The power of asking \u201cAnd then what?\u201d<\/li>\n<li>[1:05:26] Setting yourself up for success with automatic rules.<\/li>\n<li>[1:21:31] Doubling down on email and the evergreen.<\/li>\n<li>[1:28:05] Investing with the benefit of deal flow.<\/li>\n<li>[1:32:41] Thoughts on index fund investment.<\/li>\n<li>[1:34:58] Factoring sleep into opportunity cost.<\/li>\n<li>[1:43:33] How to make better decisions.<\/li>\n<li>[1:48:10] Why should we write in the age of AI?<\/li>\n<li>[1:52:08] Parting thoughts.<\/li>\n<\/ul>\n<h3 class=\"wp-block-heading\">MORE SHANE PARRISH QUOTES FROM THE INTERVIEW<\/h3>\n<p><strong>\u201cOutcome over ego.\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cAutomatic rules turn your desired behavior into your default behavior, and they do it when you\u2019re at your best.\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cWhy risk what you have and don\u2019t need for what you don\u2019t have and don\u2019t want to begin with?\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cAre you thinking independently of the circumstances, or are the circumstances thinking for you?\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cWriting is the process by which we realize we don\u2019t understand what we\u2019re talking about. And it\u2019s only when you sit down and put pen to paper or even type out an idea that you have, a decision you\u2019re making, an idea you\u2019re wrestling with, that you sort of see where you don\u2019t understand it. And the process of writing is not only refining that idea and helping you reflect on it, but you actually generate new ideas in the process of writing.\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cYou tell yourself a story about why sunk cost doesn\u2019t apply in this situation or why you\u2019re not overconfident in this situation. And the smarter you are, the better those stories get and the more believable they get.\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<p><strong>\u201cIf you put Warren Buffett in a bad position where all of his options are bad\u2014it doesn\u2019t matter how smart he is, it doesn\u2019t matter how Warren Buffett he is\u2014everybody looks like an idiot when they\u2019re in a bad position, and everybody looks like a genius when they\u2019re in a good position.\u201d<\/strong><br \/>\u2014\u00a0Shane Parrish<\/p>\n<h3 class=\"wp-block-heading\">PEOPLE MENTIONED<\/h3>\n<p><h3 class=\"jp-relatedposts-headline\"><em>Related and Recommended<\/em><\/h3>\n<\/p>\n<p><em><a href=\"https:\/\/tim.blog\/podcast\"><strong>The Tim Ferriss Show<\/strong><\/a> <\/em><span>is one <\/span>of the most popular podcasts in the world with more than 900 million downloads. It has been selected for &#8220;Best of Apple Podcasts&#8221; three times, it is often the #1 interview podcast across all of Apple Podcasts, and it&#8217;s been ranked #1 out of 400,000+ podcasts on many occasions. To listen to any of the past episodes for free, check out <strong><a href=\"https:\/\/tim.blog\/podcast\">this page<\/a><\/strong>.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/><a href=\"https:\/\/hop.clickbank.net\/?affiliate=infohatch&amp;vendor=J1R2C\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10614 aligncenter\" src=\"http:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png\" alt=\"Profit Gen\" width=\"400\" height=\"217\" srcset=\"https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px.png 400w, https:\/\/parmaks.com\/Resources\/wp-content\/uploads\/2025\/05\/profit-gen400px-300x163.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Illustration via 99designs \u201cOutcome over ego.\u201d \u2014 Shane Parrish Shane Parrish\u00a0(@ShaneAParrish)\u00a0is the entrepreneur and wisdom seeker behind\u00a0Farnam Street\u00a0and the host of\u00a0The Knowledge Project\u00a0podcast, where he [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-4353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth"],"_links":{"self":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/4353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/comments?post=4353"}],"version-history":[{"count":0,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/posts\/4353\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media\/4354"}],"wp:attachment":[{"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/media?parent=4353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/categories?post=4353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/parmaks.com\/Resources\/wp-json\/wp\/v2\/tags?post=4353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}