• 01:11 🔄 Inverting problems for better solutions

  • Inverting problems allows for a clearer perspective.
  • Instead of asking why a stock might succeed, consider why it might fail.
  • This mental trick helps avoid bad investments and enhances decision-making.

• 04:25 🤝 Knowing your circle of competence

  • Understanding your limits is crucial in investing.
  • Focus on what you know well to avoid bad investment decisions.
  • Specialization often leads to more successful outcomes.

• 08:06 📉 Rational response to market swings

  • Being unaffected by market volatility is key to long-term success.
  • Volatility is a natural part of investing; stay focused on the big picture.
  • Long-term holders must withstand periodic downturns.

• 10:25 🔄 Keep investment strategies simple

  • Look for straightforward businesses with strong fundamentals.
  • Prioritize companies that can endure mismanagement.
  • Simple businesses with capable management often yield better results.

• 12:28 📚 The power of continuous learning

  • Reading and self-education are fundamental to success.
  • Continuous learning enhances personal growth and earning potential.
  • Lifelong self-improvement is essential for sustained achievement.

I got your back.

Who, what, where.

As he's blowing up balloons, partner says, "Do you think Mom was changed by prison?"

Yes, and....

Demo of how No can stop the scene...Though I think the player receiving the No can continue with the Yes And framework. E.g.,

"You mean the gun we got as a wedding gift?"

"We're not married."

"Currently--yes, we've divorced..."

But, yes, I think it's easier to maintain a framework of Yes And.

• 01:12 Consultants embrace uncertainty and take action to solve problems, while clients tend to procrastinate due to a desire for certainty.
• 02:37 Consultants use frameworks to focus on the next step and iterate, rather than striving for a perfect plan with 100 steps.
• 04:00 Frameworks help in taking action because they provide practical guidance, while mental models may lack actionable steps.
• 05:10 To apply frameworks effectively, focus on specific aspects, segment the complexity, and challenge existing mental models to improve thinking.
• 07:31 Apply frameworks in different contexts, across various disciplines, to gain insights and take action in different areas of life.

• 00:00 Act first, then let it guide your thinking and planning.
• 00:29 Order matters in innovative thinking; start with desirability before feasibility and viability.
• 03:59 Anchor your idea in a simple framework to encourage innovation and focus on the process.
• 05:33 Deal with egotistical tendencies in a team by focusing on moving things forward, not judging ideas.
• 07:37 Importance of low resolution: Use basic prototypes to invite feedback and increase team participation.

• 00:00 There are time-proven presentation frameworks that can make you more effective, persuasive, and entertaining.
• 00:27 The Information Entertainment Scale helps decide the positioning of your presentation - informative, entertaining, or a mix of both.
• 02:10 Tailor your presentation to your audience's preferences - executives want concise recommendations, students may prefer a mix of entertainment and information.
• 03:21 For purely entertaining presentations, learn from comedian frameworks to set up jokes effectively.
• 04:02 Use the Pyramid Principle for informative presentations: Start with the conclusion, followed by three supporting arguments, andevidence for each argument.
• 05:40 Employ the Curiosity Gap for a captivating start: Introduce the topic, relevance, and what the audience will gain, without revealing the answer immediately.
• 07:18 In mixed presentations, adapt the Pyramid Principle with analogies and stories to enhance entertainment while maintaining structure.
• 07:58 Master the Rate of Revelation to vary the speed of revealing key information, keeping the audience engaged and entertained.