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Invest Like the Best

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Now displaying: March, 2018
Mar 27, 2018

This week’s episode was the first one that I’ve recorded live. It was the second dinner in what I expect to be a long series where I bring together 30 people from a variety of backgrounds to discuss an interesting and emerging topic, whether that be cryptocurrencies, health, cannabis investing, or some other compelling, emergent thing. 

My guest, for the second time on the podcast, is Peter Attia, who has lead one of the more interesting careers I’ve ever come across and who is focused on understanding longevity, health span, and quality of life. We dive into many dimensions of health, scientific research, what we can and cannot learn from evolution and our ancestors, and the 7 primary modalities we should focus on when it comes to our health and well-being. 

Excuse the lack of clear audio quality on some of the audience questions—the ones that are a little difficult to hear are fairly short and I felt it was better to include them for some context. 

As have all of my conversations with Peter, this one has sparked countless subsequent conversations with my wife, my friends, and my colleagues on what is important and how we can change out behavior to improve our quality of life. My partner and sponsor at these events is Peter Tiboris of Strongpoint Wealth Advisors, who with me loves exploring these topics and understanding how they might affect our lives and out portfolios. Thanks to Peter for helping me realize this series in New York City. Now, please enjoy my live conversation with Peter Attia. 

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Links Referenced

Marvin HAGLER vs Tommy HEARNS: FULL FIGHT

longevity chart

Senescence

Skin in the Game: Hidden Asymmetries in Daily Life 

 

Show Notes

2:07 – (First Question) –  Peter’s career journey that led him to where he is today 

            2:31 – Marvin HAGLER vs Tommy HEARNS: FULL FIGHT 

3:46 – How he thinks about longevity 

4:37 – Peter’s longevity chart 

6:31 – Four things most likely to kill you 

7:47 – The quality of your life in the later part of your life 

9:03 – Four ways he defines health span; cognition, physical dimension, sense of purpose and social support, capacity to cope with distress or distress tolerance. 

10:56 – The problem with clinical studies in analyzing longevity and his mission to get from medicine 1.0 to 2.0 to 3.0

12:15 – Medicine 1.0 and major leaps in longevity

13:01 – Medicine 2.0 and clinical trials

14:52 – Medicine 3.0 and personalized medicine 

16:22 – The playbook for living longer 

19:26 - Senescence, the cells that are programmed to do bad things 

22:17 – Understanding our evolutionary needs to learn what as individuals do to increase lifespan and quality of life as it pertains to food, sleep, and movement. 

30:32 – Where evolution doesn’t offer insight into living a better life; mindfulness 

33:27 – What are the changes that Peter has made that he’s been doing the longest and most recently

            33:35 – Skin in the Game: Hidden Asymmetries in Daily Life 

37:54 – Peter’s philosophy on mastery 

40:13 – Audience Question: How does something who seemingly doesn’t take care of themselves seem to be in such good health?

38:38 - Audience Question: Peter’s favorite car to race and how it effects his health 

51:19 – Audience Question: Is the key to life a minimalist lifestyle 

53:54 – Audience Question: the role of the microbiome 

Learn More

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

Mar 20, 2018

[After talking to the brilliant string of guests the past several weeks, Patrick’s brain needed a rest—oh and a concussion didn’t help matters. To hold you over until next week, here is one of the most interesting but less well known conversations from the invest like the best archives.]

This week’s episode is the most unique to date. My guest is Boyd Varty, who grew up in the South African Bush, living among and tracking wild leopards. The main theme of our conversation is tracking, and how the same strategy for pursuing animals in the wild can be applied to all aspects of our lives. Boyd’s family has been tracking animals for four generations, and he is bringing what they have learned to a larger audience around the world.

The episode includes the best answer I’ve ever heard (which comes when I ask Boyd to describe his most memorable experience). We also discuss the dangers of an achievement or goal oriented mindset, and what he learned from spending time with Nelson Mandela as a boy.

This episode is one I hope you share with those you love, because I think Boyd’s ideas will have a profound impact on many who are thinking about what to do with their lives—whether they are young or old.

Please enjoy.

 

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

0:00 – Exploring Boyd’s childhood through a story about a black mamba

3:13 – Looking at the early history of Boyd’s family and their foundation in the bush of South Africa

7:00 – The launch of their safari business

8:06 – How they connected with an ecologist that encouraged them to “partner” with the land and how that led to the leopards of Londolozi 

14:25 – Expanding their model to other areas and creating an economy of wildlife. 

15:12 – How Boyd discovered what he wanted to do with his life in healing 

15:20 – Cathedral of the Wild: An African Journey Home by Boyd Varty   

20:49 – The concept of Ubuntu, the African value “I am, because of you.”

25:18 – How Patrick got to meet Boyd

26:15 – Exploring the idea of building your villages and some of the forces that combat that in our daily lives. 

31:23 – The difficulty in following your inner compass  

32:06 – Mr. Money Mustache

36:55 – Looking at Boyd’s early experiences in tracking and how he applies those principles in his current life. 

42:23 – Exploring the two different types of confidence and why there’s a benefit to throwing yourself into difficult situations, especially as a tracker. 

47:13 – Identifying the places where you can be relentless in life 

49:56 – The single most memorable tracking experience for Boyd, which is an incredible tale of tracking lions.   (Also one of the best answers to a question yet) 

1:01:49 – What can people do to get the holistic experience of the African bush  

1:02:20 – The PResencing Institute

1:04:15 – Ways that people can learn more about Boyd.  

1:04:31 – Ted Talk 

1:04:43 – The book 

1:04:48 – Workshops/Tracking Retreats 

1:05:05 – Seminar in Deer Valley  

1:05:13 – Martha Beck’s work 

1:05:15 – Finding Your Way in a Wild New World: Reclaim Your True Nature to Create the Life You Want  

1:05:36 – Website 

1:06:56 – When Nelson Mandela stayed with his family after getting out of prison

1:13:34 – Kindest thing anyone has ever done for Boyd

1:15:15 – A story of how his friend Sully saved his life from a crocodile  

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

Mar 13, 2018

My guest this week is Albert Wenger, a managing partner at Union Square Ventures and the author of the book World After Capital.

Albert studied economics at Harvard and earned a PhD in information from technology, but if you’d asked me to guess before looking those up, I’d have guessed that he studied philosophy because of how widely he has thought about the world and the impact of technology.

Our conversation is about how technology is changing the world from an Industrial Age to a knowledge age. We explore how cryptocurrencies, low cost computing, and regulation will impact our future and why the transition may require delicate care.

I loved this conversation because of my obsession with the concept of scarcity. We explore what has been scarce through time and what may be scarce in the future. Albert is one of the most interesting thinkers I’ve come across and was a pleasure to speak with. I hope you enjoy our conversation.

Hash Power is presented by Fidelity Investments

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Links Referenced

World After Capital

Show Notes

2:16 – (First Question) –  Defining what it means to be human

            2:58 – World After Capital

3:56 – Trans-humans vs neo-humans

4:37 – The concept of Qualia

5:25 – Albert’s investment philosophy=

8:27 – How Albert began his exploration into cryptocurrencies

12:59 – Most exciting things blockchains could enable

14:27 – How does Albert view blockchain technology from the view of an venture capital investor

17:00 -  Why Albert thinks that the dominate cryptocurrency of our time may not exist just yet and what he is looking for in protocols that will become the leader in the space

20:16 – What are the central functions that will be important in cryptocurrencies

21:22 -   The state of regulation in the cryptocurrency space

27:37 – What has Albert most excited for the future of blockchain

29:10 – The idea of universal basic income

32:26 – How do you solve the problem of giving money value in a world of universal basic income

35:00 – How scarcity has changed over time

39:01 – Role of financial capital in the last 200 years of civilization

42:39 – Are we as a society only capable of solving problems once they become an immediate threat

44:15 – Explaining the idea of attention as a scarce resource

47:56 – The two key drivers of change; zero marginal cost distribution and universality of computational power

53:13 -  What should we as investors and inventors be focusing on as the new objective function

57:24 – Scariest aspect of this transition into the knowledge age

59:45 – Three basic freedoms we all seek; informational, economic, psychological

1:02:13 – Fermi’s paradox and the scarcity of attention

1:02:56 – How Albert thinks about his own day and wellbeing given all of this information

1:05:01 – Kindest thing anyone has done for Albert

Learn More

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

Mar 6, 2018

My guest this week is another in a recent series of people that makes me want to work harder, learn more, and do more for others. His name is Savneet Singh, and he has already accomplished a remarkable amount in the worlds of business and investing. He’s preferred to keep a bit of a low profile, but I’m hoping, for everyone’s sake, to change that a little bit.

Savneet has invested in unique things like Spanish real estate, famous startups like Uber, cryptocurrencies before they were cool, and even websites. He founded and built a fintech company. And now, he both a partner at the wide-ranging investment firm CoVenture, with my previous guest Ali Hamed, and the co-founder of Tera Holdings, which is trying to become the Berkshire Hathaway of software companies.

To say this conversation is wide-ranging is an understatement. What’s neat is that my favorite parts aren’t even on investing, but are instead on principles for living.                                                                                                    

Savneet is one of the best people I’ve met in this journey. I’ve had several other conversations with him with shockingly low overlap with the one you are about to hear—a testament to his active and curious mind. I hope you enjoy learning from him as much as I have.

For more episodes go to InvestorFieldGuide.com/podcast.

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.

Follow Patrick on Twitter at @patrick_oshag

 

Links Referenced

Ali Hamed podcast episolde

The VERY simple bear case for bitcoin

Owl Mountain

Books Referenced

Buffett: The Making of an American Capitalist

The Gorilla Game: Picking Winners in High Technology

 

Show Notes

2:30 – (First Question) – How Savneet started thinking about Spanish real estate.

4:29 – Why Airbnb could be the most impactful and interesting of the companies like this

5:25 – Savneet’s early entrepreneurial ventures

 

6:42 – His big investing influences    

        7:02 – Buffett: The Making of an American Capitalist 

7:40 – What did Savneet learn in his two years on the sell-side of Wall Street 

8:50 – How the financial crisis impacted Savneet 

10:11 – The entrepreneurial journey and GBI 

11:40 – Savneet’s observations on the FinTech space and investing in it 

14:59 – How we can use FinTech to get into an actual new business 

16:22 – His thoughts on venture capital style investing 

18:36 – Transition out of GBI into his partnership with Ali Hamed 

20:46 – What Savneet took from his tennis career 

22:13 – The impactful things that his parents did for him 

23:23 – How Savneet thinks about justice in his life 

24:39 – Most memorable trip Savneet took 

25:50 -  Why you have to take action 

26:19 – Why value investing struck a chord with Savneet  

27:22 – How culture plays an important role in the compounding companies he would invest in 

28:14 – Defining the proper long-term mindset when starting a company 

29:44 – Back to culture of successful compounding companies 

31:21 – Knowing what he knows now, what does he think about Berkshire today 

33:22 – The strategy behind Terra and how it came together

35:00 – His checklist for deciding to invest in a firm

37:31 – How do they think about the defensibility of the companies they invest in

39:58 – The importance of cyclicality in the customer base of companies they invest in

41:38 – Why does Savneet think this is the space he wants to remain in for the long-term

44:39 – How they are thinking about pricing a company they invest in

47:03 – Lessons learned in sales and marketing that he can and will bring to the software world

52:05 – What Savneet has learned from Constellation

54:39 – What does Savneet’s funnel for bringing in new companies look like

56:31 – What helps to drive a lot of conversion for them

59:08 – What lessons has Savneet learned about taxes in their company structure

1:00:32 – How does Terra think about diversification

1:02:13 – How they think about capital sourcing

1:05:08 – His balanced view on crypto as an asset class

            1:05:18 – The VERY simple bear case for bitcoin

1:09:45 – Savneet shares the Sikh philosophy with Patrick

1:11:43 – What Sikh traditions does Savneet take part in and what are their significance to him

1:13:21 – A look at Owl Mountain

            1:15:59 – The Gorilla Game: Picking Winners in High Technology

1:16:42 – Any other areas that people are underestimating

1:17:22 – Kindest thing anyone has done for Savneet

Learn More

For more episodes go to InvestorFieldGuide.com/podcast

Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub

Follow Patrick on twitter at @patrick_oshag

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