Mike's Notes

From Santa Fe Institute: https://www.youtube.com/watch?v=QSCbnS1yCzI

Intro: Tools of Titans, but for classical education 1/ 20 year technology cycles 2/ Using the 51% solution at Soulcycle 3/ Reading advice from president Obama's Chief of Staff

Feedback: https://thewaiterspad.com/podcast-feedback/ Monthly subscription: https://gumroad.com/l/mikesnotes

How to learn algebra. What does flipping burgers and "plain vanilla stock picking" have in common? Can you get paid more for the work you love? (Sisyphus) A couple lessons from Danny Meyer.

All NBA edition, mostly based on Daryl Morey's interview with Zach Lowe at MIT Sloan. Questions? 559-464-5393 or @mikedariano

Introduction quote: http://www.safalniveshak.com/investing-simple-not-easy/ Taleb’s MOOC: https://www.youtube.com/channel/UC8uY6yLP9BS4BUc9BSc0Jww Prisoners of Geography: http://amzn.to/2lWGK79 a16z podcast: http://a16z.com/2017/02/25/reedhastings-netflix-entertainment-internet-streaming-content/ Cowen’s book: http://amzn.to/2lWA6Og The Marshmallow Test: http://amzn.to/2mrwWBW Pressfield interview: http://www.artofmanliness.com/2017/02/23/podcast-281-overcoming-resistance-turning-pro/ Bushnell interview: http://www.npr.org/podcasts/510313/how-i-built-this My blog: http://thewaiterspad.com My latest project: https://gum.co/philiprocess

Opening quote: www.cnbc.com/amp/2017/02/16/entrepreneur-takes-wednesdays-and-it-has-made-him-millions.html 1/ 1:30 Malcolm Gladwell solves the endowment effect. 2/ 5:05 Setting The Table by Danny Meyer. http://amzn.to/2kGVzO0 3/ 10:45 What does retirement mean? Inspiration from EarlyRetirementExtreme.com and MrMoneyMustache.com 4/ 13:45 Personalization is hard but something we need more of. 5/ 17:02 How businesses are like fractals. Inspired by InvestorFieldGuide.com My blog: TheWaitersPad.com Feedback: thewaiterspad.com/podcast-feedback/

Intro quote from: http://amzn.to/2kJDfzz Russ Roberts explains hindsight bias (02:00) When listening, aim for understanding not necessarily agreement (07:05) Backstops for life (09:55) Context matters, NBA edition with Bill Simons (15:40) Public understanding of risk (19:55) Feedback: https://thewaiterspad.com/podcast-feedback/ My book about Belichick: http://amzn.to/2kYSrMR My website: http://thewaiterspad.com

A new format for the podcast as I tinker. For now expect weekly summaries - released on Thursdays - of things I learned. (00:39) Judd Apatow explains loss aversion via Super Bowl bets. (03:45) The importance of work relationships - something I lack. (08:45) Solving problems with knowledge from more than one domain. (13:10) Asymmetrical returns. What areas of your life can you 'tip the scales' so if you win you win big but if you lose you lose little or nothing? (20:26) Digging past the first statistic. How much does earnings season matter? How accurate are average Super Bowl ticket prices? We should be careful. If you liked this episode and format you can let me know by clicking here: https://thewaiterspad.com/podcast-feedback/

Judd Apatow explains Loss Aversion on The Adam Carolla Show by MIKE

Inspired by this post: https://thewaiterspad.com/2017/02/06/read-more-books-part-deux/

Audio of posts at http://thewaiterspad.com Print version of this http://amzn.to/2kYSrMR Contact me: http://twitter.com/mikedariano or mikedariano@gmail.com

First level thinking; LeBron James and the Atlanta Falcons by MIKE

In Misbehaving (http://amzn.to/2jUVWQ9) Richard Thaler writes about his experience advising the owners of the struggling ski slope, The Greek Peak. We'll look at what he suggested and how your own business can apply the lessons of transaction utility (getting a good deal), mental accounting (small additions to large purchases), and surprises.

An audio version of this blog post: https://thewaiterspad.com/2017/01/13/howard-markss-expert-opinion/ Five big ideas. 1/ (Social) Media is more entertainment than information. 2/Be there to learn more. 3/ Experts on TV/in magazines are not good forecasters - but you can be. 4/ Should you and can you know? Should you care? 5/ Metaphors can be LIARS! 6/ Certainty is a lie.

An audio verion of this blog post. https://thewaiterspad.com/2017/01/09/chris-cole/

Five ideas from the first fifty pages of http://amzn.to/2g9C26r 1/ Most of the time our intuitions are right. 2/ Never forget to account for luck. 3/ System 1 is "automatic and effortless." 4/ System 2 can ONLY run consecutive tasks. 5/ Guarding against ego depletion.

An audio version of this post: http://thewaiterspad.com/2017/01/04/moats-profitability-and-podcasts Inspired by this post: https://25iq.com/2016/11/18/why-moats-are-essential-for-profitability-restaurant-edition/

Why should leaders go to the front lines? 1/ It gives them details they don’t see from their office. 2/ It gives trust and authority with insiders (your team) and outsiders (your critics and fans). 3/ It allows better alignment between strategy and action. Sources Jocko podcast (YouTube): https://www.youtube.com/watch?v=ZFS7jBQFOcU Mountains Beyond Mountains: http://amzn.to/2icYxYq The Fish That Ate The Whale: http://amzn.to/1WkjNcR With the Old Breed: http://amzn.to/2hJIPAr

049 "Dear Chairman" book review by MIKE