MI307: Unpacking The Money Mind w/ Robert Hagstrom

<p>Kyle Grieve chats with Robert Hagstrom about the benefits of reading fiction for improving your investing process, the best mental models Robert learned from his time working with Bill Miller, the importance of understanding complex adaptive systems for understanding the market, how to use the DCF model according to Buffett and Munger, strategies for using multiple mental models in your day-to-day life to think better, and a whole lot more!</p><p><br></p><p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>03:48 - The Lessons from 3 of fiction's best detectives that will make you a better investor.</p><p>10:16 - Insights from investments in Dell Computer and Amazon.</p><p>10:37 - Why you should look at the market through a biological model over a physics-based model.</p><p>10:37 - The importance of network economics in a digital age.</p><p>26:55 - Ways to improve efficiency from books that you read.</p><p>38:10 - Interesting data points on the advantages and disadvantages of a concentrated portfolio.</p><p>And much, much more!</p><p><br></p><p><em>*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Buy a copy of The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy <a href="https://www.amazon.com/Warren-Buffett-Portfolio-Mastering-Investment/dp/0471392642?crid=2TQPFTDCAPOCK&amp;keywords=robert+hagstrom&amp;qid=1699475550&amp;sprefix=robert+hagstrom%2Caps%2C208&amp;sr=8-3&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=56146dfb5ac8353ab72bbce514bddd63&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</li><li>Buy a copy of Warren Buffett: Inside the Ultimate Money Mind <a href="https://www.amazon.com/Warren-Buffett-Inside-Ultimate-Money/dp/1394168446?crid=2TQPFTDCAPOCK&amp;keywords=robert+hagstrom&amp;qid=1699475550&amp;sprefix=robert+hagstrom%2Caps%2C208&amp;sr=8-4&amp;linkCode=ll1&