Episode notes
IN THIS EPISODE, YOU’LL LEARN:
- How Charlie Munger and Warren Buffett made 100s of millions of dollars by reading Dr. Cialdini’s book.
- Why Warren Buffett always starts his annual shareholder letter by outlining a mistake he has made in the past year.
- The 6 most powerful factors of influence used in marketing.
- What Daniel Kahneman has said is the most important thing to understand.
- Why and how 97% of all online buyers are influenced by social proof before making a buying decision.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Robert Cialdini’s book, Pre-Suasion – Read reviews of this book.
- Robert Cialdini’s book, Influence – Read reviews of this book.
- Robert Cialdini’s website, InfluenceAtWork.com.
- Preston and Stig’s Discussion of, Influence in Episode 22.
- Daniel Kahneman’s book, Thinking Fast and Slow – Read reviews of this book.
- Aristotle’s book, Rhetoric – Read reviews of this book.
- Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book.
- Related episode: Influence – Robert Cialdini’s psychology of persuasion w/ Preston & Stig - TIP22.
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