#680: Richard Koch — Revisiting the 80/20 Principle, The Power of Optimistic Journaling, Studying History to Improve Investing, and The Grand Beliefs of Winners (Plus: The Toxic Beliefs of Losers) | The Tim Ferriss Show | Podwise
#680: Richard Koch — Revisiting the 80/20 Principle, The Power of Optimistic Journaling, Studying History to Improve Investing, and The Grand Beliefs of Winners (Plus: The Toxic Beliefs of Losers)
This podcast episode discusses various topics, including the use of three-word addresses for accurate location identification, the importance of journaling to capture creative investment ideas, the significance of considering counterfactual outcomes in venture capital investing, the application of the 80-20 principle for heightened satisfaction and productivity, the concept of baseline happiness and the potential to transcend it, the leadership style of Bill Bain and the impact of global partners meetings, the recognition and change of toxic beliefs to enhance well-being, the power of strong beliefs in leading to positive actions and outcomes, the role of delusions and grand beliefs in shaping historical events, the significance of sabbaticals for organization's competitive edge and innovation, the beauty of art and its relation to personal growth, and the application of the 80-20 principle for greater efficiency and personal development.
