Jason Hartman and Investment Counselor Adam start off today’s show discussing the mindset of investors that needs to change. The whole idea of a “discount” isn’t a reliable methodology for investors, things should be viewed in a win-win lense.
Then Jason talks with Gabriel Weinberg, founder of DuckDuckGo and author of Traction: How Any Startup Can Achieve Customer Growth and Super Thinking: The Big Book of Mental Models, about how you can use some of the mental models to help you achieve the returns you desire. They also touch on the problem of achieving privacy in today’s world and how DuckDuckGo helps in that.
[3:31] As an investor you don’t have to get things at a discount, you need to get them at fair prices
[5:29] You don’t necessarily get the fantastic deal the day you buy it, you get a good deal at the beginning and it becomes fantastic over time
[8:14] Join Jason on the upcoming cruise
Gabriel Weinberg Interview:
[10:34] What is Super Thinking?
[15:06] The Mental Model of Forcing Function
[18:58] The model of Deliberate Practice
[23:47] Beware of Hindsight Bias
[27:35] To really get outsized returns you need to make a bet on the future