Logo

    Ryan Holiday on Decision-Making, Stoicism, and Comfort Zones

    enJuly 14, 2024
    What are the main themes of Stoicism?
    How does Ryan Holiday relate to Stoicism?
    What does justice represent in Stoicism according to Holiday?
    How can individual actions impact ethical business decisions?
    What is the central message of 'The Obstacle is the Way'?

    Podcast Summary

    • Stoicism, JusticeStoicism offers practical guidance for everyday life, focusing on justice, self-discipline, courage, and wisdom. Justice in Stoicism includes personal standards, obligations to others, and interconnectedness as a species.

      Stoicism, an ancient philosophy, offers practical guidance for everyday life, particularly in the areas of justice, self-discipline, courage, and wisdom. Stoicism is not a destination but a lifelong journey of understanding and application. Mary Long's conversation with Ryan Holiday, a best-selling author and student of Stoicism, reveals that Stoicism is not just about abstract theories but about making sense of the world and finding bearings in human existence. The concept of justice, as discussed in Holiday's latest book, encompasses personal standards of behavior, our sense of obligations to others, and our interconnectedness as a species. The journey of the book reflects Holiday's own journey with Stoicism, starting from the basic principles and expanding to a broader, all-encompassing perspective. For anyone interested in Stoicism, it's a philosophy that can help improve personal character, provide a moral compass, and foster a deeper connection to the world and all living beings.

    • Impact of actions on othersConsidering the consequences of our actions on others and seeking understanding of other people's experiences can help us grow and make better decisions.

      The virtues of justice, wisdom, and courage are essential for making ethical decisions, but it's important to consider the potential consequences of our actions on others and the potential justifications we may use to rationalize them. The historical examples in the book illustrate that people have fought for causes, some morally questionable, believing they were doing the right thing. However, gaining perspective on how our actions impact others can be uncomfortable and destabilizing, which is why we often avoid it. The author suggests that seeking understanding of other people's experiences and the consequences of our beliefs can help us grow and make better decisions. Ultimately, it's important to strive for wisdom and justice, recognizing that our actions have ripple effects and that we can't plead ignorance once we become aware.

    • Business ethics and individual choicesIndividual choices and business decisions have ethical implications and can influence companies, making it crucial for investors to engage and consider the impact of their actions on creating a more just and ethical world.

      Our ethical principles and business decisions are increasingly interconnected, especially in the age of accessible entrepreneurship. The decision of whether to use sweatshops or not, for instance, is no longer just an issue for big corporations, but also for individual consumers and investors. The idea that a principle only matters if it costs you money is a powerful one, as it forces us to consider the impact of our choices. As investors, we have the power to vote on proxy issues and influence companies, making it crucial to engage with these decisions rather than ignoring them. In my own business, I made a principle-based decision to stop advertising, redirecting my marketing budget towards other areas. These choices, no matter how small, have the potential to create meaningful change. Ultimately, it's essential to recognize that our actions, no matter how insignificant they may seem, can contribute to a more just and ethical world.

    • Content ImpactInstead of solely focusing on ROI from advertising, consider the long-term value and impact of content creation. Shifting from ads to content can result in similar conversion rates and greater fulfillment, while also reaching and benefiting more people in the long run.

      Instead of focusing solely on the return on investment (ROI) from advertising, it's essential to consider the long-term value and impact of creating and sharing content. The speaker shares his experience of shifting his business strategy from advertising to content creation and saw a roughly similar conversion rate while feeling more fulfilled. Although it's harder to measure, the impact of content lasts longer and can reach more people than ads. The speaker encourages businesses to consider the entire process, from idea to customer, and make decisions that benefit everyone involved, even if it means a short-term tradeoff.

    • AI EthicsConsider ethical implications of AI usage and make decisions that minimize harm, even if it means financial sacrifices. Engage with complex issues for personal growth and resilience building.

      As technology advances, particularly in the realm of artificial intelligence, it's important for individuals and businesses to consider the ethical implications and potential negative impacts. We all have the power to make decisions that minimize harm, even if it means making short-term financial sacrifices. The use of AI can be a surreal experience, but it also has the potential to replace or disrupt various aspects of our lives. Instead of fearing these changes, we should view them as opportunities to apply wisdom, discipline, and other philosophical principles. Engaging with these complex issues can lead to personal growth and a deeper understanding of the world. Additionally, finding ways to challenge ourselves, such as through physical activity or other challenging tasks, can help us build resilience and the ability to persevere in the face of adversity.

    • Stoicism MisconceptionsStoicism is often misunderstood as emotionless or invulnerable, but it's about accepting criticism and recognizing not everyone will be receptive to ideas. Value giving before asking and read 'The Art Thief'.

      Learning from Ryan Holiday's discussion is that stoicism, as presented in his work, is often misunderstood and misrepresented. People may stereotype it as emotionless or invulnerable, leading to mockery. However, Holiday emphasizes the importance of accepting criticism and recognizing that not everyone will be receptive to one's ideas. He also shares his experience of the value of giving before asking and recommends the book "The Art Thief" as a recent read. Looking forward, Holiday's next book in the series will focus on wisdom, which he describes as the virtue that helps determine the right amount of other virtues and the worthiness of causes and actions.

    • Obstacle is the WayRyan Holiday's book offers practical guidance on turning obstacles into opportunities by focusing on what we can control and taking action, emphasizing perception, action, and willpower.

      Key takeaway from this conversation with Ryan Holiday is that his book, "The Obstacle is the Way," offers practical guidance on how to navigate life's challenges and make the right decisions in every situation. The book's central theme is that we can turn obstacles into opportunities by focusing on what we can control and taking action. Holiday emphasizes the importance of perception, action, and willpower in overcoming adversity and achieving success. This mindset can be applied not only to personal life but also to business and investing. Remember, the book's title, "The Obstacle is the Way," suggests that the challenges we face are not roadblocks but opportunities for growth. As always, it's important to keep in mind that the guests on this program may have personal interests in the topics discussed, and The Motley Fool may have formal recommendations. Stay tuned for more insights and information.

    Recent Episodes from Motley Fool Money

    $279 Billion Lost In A Day

    $279 Billion Lost In A Day
    The Department of Justice has some questions about Nvidia’s business. (00:21) Jason Moser and Ricky Mulvey discuss: - The subpoena that instigated the chip maker's selloff. - A record amount of share repurchases by corporations. - Earnings from Dick’s Sporting Goods and Dollar Tree. (18:10) Motley Fool contributor Matt Frankel joins Ricky to take a look at real estate brokerages Redfin and Zillow, and discuss what lower interest rates mean for the industry. Companies discussed: NVDA, GS, DKS, WMT, DLTR, RDFN, Z Register for our live event in Denver, CO on September 18 here: https://www.meetup.com/biggerpockets/events/303028272/?utm_medium=referral&utm_campaign=share-btn_savedevents_share_modal&utm_source=link Host: Ricky Mulvey Guest: Jason Moser, Matt Frankel Producer: Mary Long Engineers: Dan Boyd, Chace Przylepa, Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enSeptember 04, 2024

    Dow Loses Chips, Boeing Loses Money

    Dow Loses Chips, Boeing Loses Money
    Intel, Southwest, and Boeing, have all had brutal starts to 2024 – can any of them turn it around?    (00:21) Asit Sharma and Dylan Lewis discuss: - The latest sign of Intel’s struggles – possibly being removed from the Dow – and how it got here. - Elliot Management’s increased stake in Southwest, and how the activist investor is planning on improving the airline. - Boeing’s recent analyst downgrade, and why manufacturing issues might lead to financial ones for the company’s aerospace and airline divisions. (16:23) Alison Southwick and Robert Brokamp dig into the mailbag and some questions on asset allocation, retiring early and becoming a financial advisor. Companies discussed: INTC, NVDA, LUV, BA Host: Dylan Lewis Guests: Asit Sharma, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enSeptember 03, 2024

    How to Analyze a Balance Sheet

    How to Analyze a Balance Sheet
    “If you thought we were in the weeds, now we’re about to start tunneling.” Jim Gillies joins Ricky Mulvey for an in-depth look at how investors can understand a company’s balance sheet. And a heads up, this show gets to some more advanced concepts than our usual fare. They discuss: - The basics of balance sheets.  - If lululemon has an inventory problem. - A cautionary tale from a mattress seller.  - Companies with strong balance sheets, (besides Berkshire Hathaway). Companies discussed: OTC: KSIOF, WING, LULU, SNBR, CATO, CHGG, EBAY, COST, SFM, ASO, MEDP, WINA  Host: Ricky Mulvey Guest: Jim Gillies Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enSeptember 01, 2024

    The State of the AI Arms Race

    The State of the AI Arms Race
    When ChatGPT launched in late 2022, it was the first – and only – exposure most of the world had to AI. Not yet two years later, there’s already a lot more competition.  Jeremy Kahn is the AI Editor at Fortune Magazine and the author of the new book, “Mastering AI: A Survival Guide to our Superpowered Future.” Alex Friedman caught up with Kahn to talk about the current AI landscape. They also discuss: Bill Gates’ initial hesitancy to invest in OpenAI. Where LLMs go from here. Developments in biotech. Host: Alex Friedman Guest: Jeremy Kahn Producer: Mary Long Engineer: Dez Jones Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 31, 2024

    Missing Piece of the AI Spend Puzzle

    Missing Piece of the AI Spend Puzzle
    Nvidia continues its streak of triple-digit growth, but we shouldn’t be so surprised.  (1:08) Jason Moser and Bill Mann discuss: - Nvidia’s killer quarter, and why the market yawned over the results.  - The global IT outage’s impact on Crowdstrike’s past quarter and outlook for the rest of the year.  - Chewy’s continued turnaround, Dollar General’s merchandising woes, and the new-look mature Salesforce. (19:11) Film critic and corporate governance expert Nell Minow weights in on the summer box office and recent moves from Disney and Starbucks’ leadership teams.  (33:16) Jason and Bill break down two stocks on their radar: Birkenstock and Alimentation Couche-Tard. Stocks discussed: NVDA, CRWD, CHWY, DG, CRM, BIRK, ANCTF Host: Dylan Lewis Guests: Bill Mann, Jason Moser, Nell Minow Engineers: Steve Broido Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 30, 2024

    Nvidia’s “Burn the Ships” Moment

    Nvidia’s “Burn the Ships” Moment
    Why is the chip designer spending $50 billion on share buybacks? (00:21) Tim Beyers and Ricky Mulvey discuss: - Highlights from Nvidia’s earnings. - What future supercomputing systems could create. - CrowdStrike’s first call since its outage. Companies discussed: NVDA, CRWD, PANW, S Learn more about the Range Rover Sport at www.landroverusa.com Host: Ricky Mulvey Guest: Tim Beyers Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 29, 2024

    How Banned Chips Get to China

    How Banned Chips Get to China
    The U.S. has tried to prevent advanced microchips from getting into the hands of its military rivals. They’ve only had partial success. (00:21) Alicia Alfiere and Mary Long discuss results from retailers, Abercrombie’s turnaround, and Chewy’s commitment to customers. Then, (12:40) New York Times reporter Ana Swanson talks with Ricky Mulvey about how Nvidia chips are ending up in China, despite America’s efforts to keep them stateside. Read Ana’s story here. Companies discussed: CMG, JWN, ANF, CHWY, NVDA "With Smugglers and Front Companies, China is Skirting American A.I. Bans." https://www.nytimes.com/2024/08/04/technology/china-ai-microchips.html Host: Mary Long Guests: Alicia Alfiere, Ana Swanson, Ricky Mulvey Engineer: Tim Sparks Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 28, 2024

    Is Nvidia a Vibe Stock?

    Is Nvidia a Vibe Stock?
    In less than two years one company became the driving force of the S&P 500. That rise is unprecedented. (00:21) Bill Mann and Ricky Mulvey discuss: - Expectations going into Nvidia’s earnings results. - Temu’s owner, PDD, shedding $55 billion in value. - One possible reason why a co-CEO is talking down his company’s stock. - Red Lobster’s new CEO. Then, (15:35) Robert Brokamp interviews Dan Otter and Scott Dauenhauer about the challenges that teachers face while saving for retirement. Learn more about the Range Rover Sport at www.landroverusa.com See how your 403(b) stacks up at www.403bwise.org Companies discussed: NVDA, CSCO, PDD Host: Ricky Mulvey Guests: Bill Mann, Robert Brokamp, Dan Otter, Scott Dauenhauer Producer: Mary Long Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 27, 2024

    Stationary Bikes are Difficult to Turn

    Stationary Bikes are Difficult to Turn
    Another set of tariffs might stall BYD’s international expansion in EVs, and it still isn’t clear if Peloton is actually going anywhere. (00:21) Asit Sharma and Dylan Lewis discuss: - Canada’s tariffs on electric vehicles from China, and what it says about global production and adoption of EVs. - Tesla’s diversified approach to manufacturing coming in handy as Canada, the U.S., Europe and China all craft trade policies. - Peloton’s return to growth… kind of. And why we’re not buying the turnaround yet. (15:15) Mary Long talks with David Foulkes, CEO of Brunswick Corporation, on the company’s subscription boating service and the latest in marine technology. Companies discussed: BYDDY, TSLA, PTON, BC Host: Dylan Lewis Guests: Asit Sharma, Mary Long, David Foulkes Producer: Ricky Mulvey, Mary Long Engineers: Dan Boyd, Austin Morgan Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 26, 2024

    Meet the Fool: Tim Beyers

    Meet the Fool: Tim Beyers
    To become an expert, you may not always need expertise. You may just need to start asking better questions.  Tim Beyers is a lead analyst at The Motley Fool and a frequent guest on Motley Fool Money. He’s also the host of This Week in Tech, a weekly show on our premium livestream. In today’s show, Tim talks with Mary Long about: What convinced him to buy Amazon for the first time (and why he sold 2 years later). Unit economics, and one company that excels at it. The relationship between enthusiasm and education. Members of any Motley Fool Service can watch “This Week in Tech” at 10:00 am ET on Fridays, or any time at the Fool Live replay hub.  To become a Motley Fool member, head to www.fool.com/signup. Have an analyst you want us to feature on an upcoming “Meet the Fool” episode? Want to share your own investing journey with us? Send a note (or a voice recording!) to podcasts@fool.com Host: Mary Long Guest: Tim Beyers Engineer: Dez Jones, Kyle Carruthers Tickers mentioned: DUOL Learn more about your ad choices. Visit megaphone.fm/adchoices
    Motley Fool Money
    enAugust 25, 2024