129 TIP: Mindset – The Psychology of Success by Carol Dweck

In this episode, Preston and Stig read a book that billionaire Bill Gates recommended titled, Mindset. This book was written by Stanford professor, Dr. Carol Dweck, who teaches the key pillars to success in her psychology class. Bill Gates suggests that Dweck’s book illuminates how our beliefs about our capabilities exert tremendous influence on how we learn and which paths we ultimately take in life. Tune-in to our discussion to learn more about this brilliant professors take on success and how you can apply it to your everyday life.

Carol Dweck is a professor of psychology at Stanford University and is known for her work on motivation, personality traits, and development. The primary premise of her work is rooted in the idea of ability and where it comes from. Many people believe ability comes from natural skills opposed to hard work and continual learning – Dweck believes the opposite.

IN THIS EPISODE, YOU’LL LEARN:
– Why and how you should evolve from a fixed mindset to a growth mindset
– How ego stops your personal development and humility makes it grow
– Ask the investors: What would happen in the financial markets if everyone followed a value investing approach?
– Ask the investors: How does Stanley Druckenmiller use momentum investing to beat the market?

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