Continuing with my new protocol, here I’m going to share content I consumed and learned from.

What I struggled with:

• No material struggles this week

What I consumed this week and what I learned from it:

• Latticework of mental models – YouTube video with Mohnish Pabrai, where he talks about how using multiple mental models can help with clear thinking and improved decision-making in life, especially in investing. He describes some of the most impactful mental models he’s encountered. Interestingly, Pabrai is, or was, an avid blackjack player and describes the strategy that got him banned from Las Vegas casinos.
• Network effects drive your life – YouTube video with James Currier, Founding Partner at VC firm NFX. Currier talks about his journey from college to VC investor. He also describes how the networks we choose have an outsized impact on our lives. He argues that choices in life should heavily weight the networks that you’ll be a part of as a result of the decision. He dives deep into how network effects in business models impact a company’s success and how networks influence the trajectory of a person’s life.
• Warren Buffett’s hurdle rate – YouTube video with Danish investor Peter Gustafson. This interview is focused on value investing and what Gustafson has learned from his years as a value investor, including his mistakes. He goes into detail to describe how Warren Buffett’s hurdle rate for investments was 10% real pre-tax return. He also describes how Buffett goes as low as 7.5% for companies with attractive growth profiles.  

That’s what I consumed and learned from and struggled with last week.