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!

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:48 - The Lessons from 3 of fiction's best detectives that will make you a better investor.

10:16 - Insights from investments in Dell Computer and Amazon.

10:37 - Why you should look at the market through a biological model over a physics-based model.

10:37 - The importance of network economics in a digital age.

26:55 - Ways to improve efficiency from books that you read.

38:10 - Interesting data points on the advantages and disadvantages of a concentrated portfolio.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.
Help us understand our audience better so we can create a more intentional user experience by answering this survey!

SPONSORS

Support our free podcast by supporting our sponsors:

Connect with Kyle: Twitter | LinkedIn | Website

Connect with Robert: Twitter | LinkedIn | Website

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

MI307: Unpacking The Money Mind w/ Robert Hagstrom

The Intrinsic Value Podcast - The Investor’s Podcast Network