How an Intelligence Expert Helps Wall Street Mavens Think Smarter

Nov 11, 2018 · 29 comments
Damhnaid (Yvr)
Sounds like the public library, except you need to pay for it.
W in the Middle (NY State)
Surely you jest... Someone trying to get rich, selling books over the Internet... Wake me up when it's over... PS This simple... 1. Find companies like Coke and Apple and Facebook, before others do 2. Lose companies like [XX] and [XXX] and [XXXXXXXX], before others do PPS Even simpler... 0. Find companies that can disaggregate themselves from the commoditized 90% of the business of their components/materials, while sustaining hegemony in the remaining 10% – and can rinse and repeat...
Prasad deshpande (Pune, India.)
I know, sigh, the moment we mention Wall Street,eyes roll and our defences go up. Shane is well meaning, articulate and sincere. He didn’t seek out Wall Street, Wall Street sought him out. What Shane has done is put a spotlight on what I and we all need to do more, which is to Reflect, keep learning and work on developing good habits. Shane curates and saves my time. His website is reminder to keep thinking and exploring. To use time wisely. Thanks Shane.
caplane (Bethesda, MD)
What an odd revelation. Reading improves thinking. Who knew.
ABM (SF)
Not sure I would want to entrust millions of dollars to "mavens" who need a guru to convince them that reading books is a good idea
Anant Kishore (New Orleans)
You read my mind.
JPL (Northampton MA)
It would be so nice if his book list included novels, poetry, and graphic books. Now, that would really expand their experience!
Flahooley (NYC)
@JPL EXACTLY. I work at one of these places and self-help guru nonsense is all they know. One of the managing partners organized a book club...dedicated to reading one of these kinds of books a month. UGH.
ms (ca)
@JPL Absolutely. Novels have been shown to increase empathy by showing people how other people see the world, think, and act. My personal favorites are the thick 19th century novels (Dickens, Thackeray, etc.) I, a scientist, and my brother, an accountant, devour them. Second favorites are historical fiction. Businessman in particular are in need to more empathy these days. I'm not surprised reading books vs. reading newsletters/ going online helps with thinking. There's some preliminary research showing people are distracted and don't think as deeply with the latter resources.
Aha (Nyc)
This book list is really uninspiring. Not sure I would call it reading.
Billy (The woods are lovely, dark and deep.)
I live right up the road from Bridgwater and I read for hours every single day. Maybe they would pay me to send them a list of the cool ideas I have while I'm reading. But probably not.
Hugh Carlyle (UK)
Yet another guru. How thoughtful.
Christopher Beaver (Sausalito, California)
I believe the parachute quotation originated not with Mr. Zappa but with Charlie Chan, a fictional character based on a real detective in Honolulu, however one thinks of Charlie Chan the movie character as a racist stereotype.
Raymond (San Leandro)
Well I get my juice from reading New York Times which is way more empowering.
James (Savannah)
Guys with lots of money can pay lots of money to this guy so they can make lots more money. That’s nice.
enormisimo (Guadalajara)
The only (legal) way to get a real edge on competing investors is to completely renounce investing. Therefore, all investors should immediately give away all their worldly belongings and become wandering monks. What's more, if the entire population of the planet moved to a single mountain (I will provide the exact name and geographic coordinates for paid subscribers) to meditate, the world would experience something truly unprecedented. If you had placed just a $5 investment in the Church the day it went public, you would have become like a camel trying to pass through the eye of a needle by now.
Sean (NYC)
I remember reading that parachute quote on t-shirts and bumper stickers in the '70s.
jane m. hicks (vancouver,b.c.)
I found this to be a fascinating article.And good for Mr.Parrish on his success in this area of self-improvement.Having read Landon Thomas's article,I had to check out Mr.Parrish's "Farnum Street"...a wealth of interesting thoughts and knowledge.Yes,we all need to open our minds,just like the parachute!
RIF (nc)
Who knew you could learn from reading books, amazing!!!
zj (US)
In addition to a book club, this is another networking place, for professionals and insiders.
Al (Davis)
This reminds me of an old “Einstein dies and goes to heaven” joke. In the waiting room to the Pearly Gate he meet a physicist, a philosopher and a hedge fund manager. To the first he says “a physicist, fantastic. We can discuss relativity and the multiverse.” To the philosopher he says “wonderful, we can discuss morality and ethics.” Then he turns to the hedge fund manager and after a moment says, “so, which way do you think interest rates are headed?”
Andrew (DC)
I guess the most logical thing is to completely avoid this guy's advice because so many other Wall Street people are using it that it's likely no longer competitive. I'll randomly choose another obscure blogger and follow her advice instead. Chancy Gardner style.
Rizzo (PA)
Some years ago I attended a conference on business management led by Roger Blackwell from OSU Columbus His message that has stuck with me since was “Retreat to Advance” Keeping that theme in mind six years ago I retreated to a small unknown town in the south of Italy and bought a house. A Finnish friend of mine who is a furniture designer had the same idea. He uses his home as a way to retreat from the daily grind so he can look at the world, and his work, with an uncluttered view. Now business partners of his from Poland are following suit. The simplicity of life there allows a person to think deeper, and shed much of the baggage we tend to carry with us from day to day. We find discussions can actually lead to productive ideas, whereas in a typical work setting those discussions lead to frustration, and inaction due to being overwhelmed.
jrw (Portland, Oregon)
I'm confident that Mr. Parrish is experiencing his 15 minutes of fame.
Observer (USA)
In a world where AI bots have learned greed is good, a bunch of smart guys form a weekly reading group. Their goal? Outsmart the bots. Behold the human mind, which can prophesy Adam McKay films.
Malahat (Washington state)
Surely this guy can find something better to do than play guru to a gaggle of Wall Street finance bros.
rmm635 (ambler, pa)
how about introducing No Harm investments - that is, investments that are screened for animal well-being e.g., no animals used in R & D or in the products as well as a number of options such as fossil fuel, arms, etc etc
LB (San Diego, CA)
Everything old is new again ... books, actual books held in your hands for long, uninterrupted periods of time. And his website doesn't list an email address because email disrupts his concentration: communicate by postal service, please. Revolutionary.
Juneia Mallas (Stockholm - Sweden)
Could Mr Parrish introduce to his followers the sustainable investment principles and practices? The finance sector continues to operate on profits created from fossil fuels. Investments that are unsustainable will become “carbon Junk”