In this episode of the Business Broken to Smokin’ Podcast:
Lodestone True North’s Head Coach Mark Whitmore and his right hand man Shane Kardos discuss a bit of the book “Principles for Navigating Big Debt Crises by Ray Dalio.
0:00 Intro
1:27 Book reference – Principles for Navigating Big Debt Crises by Ray Dalio
4:08 Book reference – Principles by Ray Dalio You have to identify a guiding principle for what you are doing…
5:04 “Pain + Reflection = Progress”
10:49 Quote:
“Consensus is typically believed to be a good rough picture of what’s to come, even though history has shown that the future is likely to turn out differently than what’s expected. In other words, humans by nature, like most species, tend to move in crowds and weigh recent experience far more heavily than what is appropriate.” ~Ray Dalio
11:52 Definitions of consensus:
- Majority of opinion
- General agreement, or concord, or harmony
18:41 The “Strong Hand” tool (hurdles)
- Epiphany
- Context: Put that epiphany in some sort of context
- Framework (or Format): You need an execution framework or format to drop this idea into
- Execute: on the idea. This is where grit comes in…
- Review
PART 2
21:19 The “Strong Hand” Tool (continued)
Grit: The Power of Passion and Perseverance
24:35 Book Reference – Grit by Angela Duckworth
26:00 Reading from he book The Daily Stoic by Ryan Holiday,
Quote: Epictedus on page 79
29:00 Shoutout to Dr. Jim Powell of Powell Chiropractic https://www.powellchiropractic.com/
32:18 Reference to Scrivener https://www.literatureandlatte.com/
38:30 Pinnacle framework
38:45 Rocks – Stephen Covey
*Credits*
Music – Hursts so good by John Mellencamp
The following music was used for this media project:
Music: Local Forecast – Slower by Kevin MacLeod
Free download: https://filmmusic.io/song/3988-local-forecast-slower
License (CC BY 4.0): https://filmmusic.io/standard-license
Website: https://www.lodestonetruenorth.com
Website: https://www.bigeasydesk.com
LinkedIn Book Club Group: https://www.linkedin.com/groups/14158790/
LinkedIn Mark: https://www.linkedin.com/in/mark-whitmore-lodestone/
LinkedIn Lodestone: https://www.linkedin.com/company/lodestone-true-north
Lodestone Online Courses: https://lodestone.thinkific.com
Podcast: (Make sure you click on Subscribe so you don’t miss any episodes!)
YouTube (video)
https://youtube.com/@lodestonetruenorth
Spotify (video or audio)
https://open.spotify.com/show/3QCsZ7fyKr4z804oTac3FU
Apple Podcasts (audio)
https://apple.co/3O4uv4H
Other Podcast Platforms
https://lodestonetruenorth.com/podcast/
