💰Click here to download your FREE guide to Stop Worrying About Your Finances In 4 Simple Steps: https://www.theinvestorspodcast.com/subscribe-youtube/ 🪙 Make investing in precious metals easy with Noble Gold Investments. Receive a FREE 5-ounce solid silver America The Beautiful bullion coin with any qualifying precious metals IRA. https://billionairesgold.com Clay is joined by Shane Parrish to discuss his new book, Clear Thinking – Turning Ordinary Moments into Extraordinary Results. Many people fall prey to making decisions based on our instincts and our gut feelings. Shane’s book gives you the tools to recognize those moments that reshape how you navigate the critical space between stimulus and response. Shane Parrish is the founder of the highly-esteemed blog Farnam Street and also the host of The Knowledge Project Podcast, where he focuses on mastering the best of what other people have already figured out. His work has been featured in nearly every major publication, including The New York Times, The Wall Street Journal, and Forbes. ▶️ RELATED EPISODES: - An Investor's Guide to Clear Thinking w/ Chris Mayer: https://youtu.be/4tBSuif3x2M IN THIS EPISODE, YOU’LL LEARN: 0:00:00 - Intro 0:00:37 - How Shane differentiates between high-quality and low-quality information. 0:05:41 - What the enemies of clear thinking are. 0:09:16 - Why we should prioritize the outcome over our ego. 0:14:58 - Preventative measures we can use to combat the enemies of clear thinking. 0:18:56 - Why we can’t rely on willpower to achieve the outcomes we desire. 0:19:37 - How successful people outposition others in order to outperform others. 0:25:39 - How we can optimize our environment to achieve better outcomes. 0:28:27 - Frameworks related to differentiating our outcomes from our underlying decision-making processes. 0:33:45 - How Shane thinks about determining what really matters in life. 0:37:20 - Why happiness needs to be thought of as derived internally rather than derived from something external. 0:39:35 - What the important things in life are to Shane. 0:42:33 - How Shane remains grounded in what’s most important. 0:50:38 - Why Shane started a holding company that buys wonderful businesses. 0:51:52 - What led Shane to invest alongside Howard Marks and Bill Ackman when joining Tiny’s board. 🎧 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP 🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/episodes/clear-thinking-w-shane-parrish/ 📖 BOOK MENTIONED: - Clear Thinking by Shane Parrish: https://amzn.to/3ZDqlHv Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀 💡 OTHER RESOURCES - Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a 14-day free trial: https://www.sahg6dtr.com/59QC8Z/R74QP/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ABOUT OUR SHOW 🎙  On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market. 🌍 Website: https://www.theinvestorspodcast.com/we-study-billionaires/  📝 Help us understand our audience better so we can create a more intentional user experience by answering this survey! https://www.theinvestorspodcast.com/survey2023-youtube ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ 📚OUR FREE INVESTING COURSES/RESOURCES https://www.theinvestorspodcast.com/tip-academy/ 📊TRY OUR STOCK INVESTING TOOL: TIP FINANCE https://www.theinvestorspodcast.com/tip-finance/ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ⏤ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.