Shane Parrish: Why Discipline Doesn't Matter - Outside Insights

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

Shane Parrish (The Knowledge Project & Farnam Street) explains why your New Year's resolutions won't last, the importance of ritual, and his most costly mistakes as an investor in the first episode of a new series on the Permanent Podcast called Outside Insights.

LINKS & MENTIONS FROM THIS EPISODE

Visit Shane's website https://fs.blog/

Shane mentions Buffet: The Making of an American Capitalist by Roger Lowenstein (44:12).

Brent mentions Todd Peterson and Illuminations (31:22) https://illuminations.bible/

Follow Shane on twitter https://twitter.com/ShaneAParrish

Follow Brent on twitter https:/https://twitter.com/BrentBeshore

Follow David on twitter https://twitter.com/DavidACover

Visit https://www.permanentequity.com/ for more.

TIMESTAMPS

0:00 Intro & About Shane Parrish

3:40 Meat and Greet

6:03 Why New Years Resolutions Always Fail

10:30 Ritual vs Discipline

13:59 From Intelligence to Knowledge

19:30 Two Kinds of Knowledge: Tactic and Perspective

22:31 Why Should People Care About Continuous Learning?

27:28 The Best Sources of Knowledge

33:06 What Should You Stop Doing?

36:47 A Good Position is Better Than A Good Decision

39:06 Efficiency vs Relationships

41:34 Shane the Investor

45:42 Biggest Mistakes You See New Investors Make

52:38 How Has Growing Your Resources Changed You?

55:07 What Would You Tell Your 30-Year-Old Self?

57:17 Five Minute Management & More Coming on the Permanent Podcast