My First Million I put 80% of my money in the S&P
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May 11, 2026 They debate whether genes shape how much you save and invest. They talk matching personality to career and finding your zone of genius. They riff on productive placebos, behavioral fixes for investing biases, and when restraint beats action. They brainstorm YC-style startup ideas like aesthetic data centers, AI as the company brain, drone swarm defense, and personalized medicine.
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Monish Pabrai Switched To His Natural Game And Thrived
- Monish Pabrai discovered his personality fit solo, numbers-based games and left running a company to invest successfully.
- Pabrai found competitive math schools in India gave 3k one-year training that multiplied students' incomes and IIT admission rates massively.
Use Precommitment And Fast Feedback To Fix Biases
- Change requires painful experience, pre-commitment, shorter feedback loops, and avoiding fatal-bias games.
- Sam recommends writing decisions down, setting firing criteria, and choosing roles that match your personality like Buffett investing in his zone of genius.
Reading Works As A Productive Placebo Against Overtrading
- Reading can act as a productive placebo that reduces harmful overtrading by occupying attention.
- Shaan suggests great investors read not for new tactics but to prevent button-pushing and impulsive trading.