TIP590: LIFELONG LEARNING

W/ JIM KWIK

30 November 2023

On today’s episode, Clay is joined by brain expert — Jim Kwik. They discuss how we can upgrade our brains by rethinking our purpose, revitalizing our energy, and taking small, simple steps every day. They also cover Jim’s tips for reading faster and improving retention to get more out of every page you read.

Jim Kwik is a New York Times bestselling author, brain coach, and the host of the Kwik Brain Podcast. He has served as the brain enhancement and high-performance coach and trainer to many of the world’s most admired Fortune 500 CEOs and a variety of public figures and celebrities, including Bill Gates, Tom Brady, Richard Branson, Stan Lee, Oprah Winfrey, Sergey Brin, Larry Page, and Elon Musk’s SpaceX Team. Jim puts high-level people in the position to use their brain power at optimum levels.

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IN THIS EPISODE, YOU’LL LEARN:

  • Why we should reconsider the practices we use to learn.
  • Why all behavior is belief-driven.
  • The number one asset we have to achieve anything we desire.
  • The framework Jim uses to stay motivated.
  • Arnold Schwarzenegger’s advice to Jim on what it takes to be the best in your field.
  • How a strong sense of purpose can help anchor us in thinking long-term.
  • How we can reach flow state.
  • Ways in which we can improve our focus and concentration.
  • Why great questions will lead us to the answers we need.
  • The mental benefits of a reading habit.
  • Why it’s oftentimes better to read a book rather than listen to an audiobook.
  • How you can increase reading retention.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Clay Finck: On today’s episode, I’m joined by brain expert, Jim Kwik, to discuss his updated book, Limitless Expanded. As Value Investors, we are on this journey of lifelong learning. One of the things that many people overlook is this idea of learning how to learn. Imagine if you could increase your reading speed by 25 50 percent while also increasing your retention.

[00:00:22] Clay Finck: Over the course of years, this would make a massive difference. And this is exactly why we brought Jim Kwik onto the show. Jim is a New York Times best selling author, brain coach, and the host of the Kwik Brain podcast. He has served as the brain enhancement and high performance coach and trainer to many of the world’s most admired Fortune 500 CEOs in a variety of public figures including Bill Gates, Tom Brady, Richard Branson, Oprah Winfrey, and Elon Musk’s team at SpaceX.

[00:00:50] Clay Finck: When it comes to thinking better and upgrading our reading skills, Jim is our guy to turn to. During this chat, we cover why we should reconsider the practices we use to learn, why all behavior is belief driven, the framework Jim uses to stay motivated, Arnold Schwarzenegger’s advice to Jim on what it takes to be the very best in your field, how we can reach flow state, ways in which we can improve our focus and concentration, The mental benefits of reading, how you can increase your reading retention, and much more.

[00:01:20] Clay Finck: I’m already in the works of re reading Jim’s book because there’s just so much great info in it, so I really think you’re going to enjoy this discussion. Also, I’m recording this intro just after we heard about the passing of Charlie Munger. Munger has certainly made his mark on TIP over the years. The We Study Billionaires show was founded in 2014 and it was started out with studying the world’s greatest investors, which obviously led us to Warren Buffett.

[00:01:47] Clay Finck: Munger has been a cornerstone of making Berkshire Hathaway the conglomerate it is today. Upon his passing, Buffett stated, Berkshire Hathaway could not have been built to its present status without Charlie’s inspiration, wisdom, and participation. TIP is forever indebted for Charlie Munger’s contributions to the value investing community.

[00:02:09] Clay Finck: I’ve linked a couple of episodes we’ve done on Charlie Munger in the show notes, and we’re going to be releasing a special episode dedicated solely to Charlie on January 4th, 2024, which is just after what would have been his 100th birthday. It’s only fitting that today’s episode is titled Lifelong Learning, and this is a key idea that Charlie has continuously shared and is obviously a key part of his own success.

[00:02:34] Clay Finck: I’m reminded of two quotes that Gautam Bade put at the start of his bestselling book, The Joys of Compounding. The first is the very first quote in his book, which states, the best thing a human being can do is to help another human being no more. And that quote brings out so much gratitude for me and hopefully making some sort of positive mark with you, the listener, in helping you in this continuous journey of lifelong learning.

[00:02:59] Clay Finck: The second quote is at the start of chapter one of his book. I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy, does that help particularly when you have a long run ahead of you.

[00:03:19] Clay Finck: Charlie has helped teach me that the best investment I can ever make is not in any one company or any particular investment, but it’s in myself. Investing in yourself is the gift that keeps on giving, and the ultimate form of self improvement. And it’s one of those things where you don’t see much of the results initially, but when you add it up and you compound it over years, it’s every year or two, you start to become a totally different person.

[00:03:45] Clay Finck: And it’s very miraculous seeing it happen to various individuals. Lastly, I want to extend a personal thank you on behalf of TIP to you, the listener, each and every one of you listening. We know that there are plenty of ways that you can spend your time, and we’re forever grateful that you have chosen to spend some of that time with us.

[00:04:06] Clay Finck: We certainly don’t take it for granted, and we’re pleased to have you with us in this journey of lifelong learning. We hope that at least some of these episodes have helped you become a little bit wiser, and maybe a little bit less stupid, as Charlie would put it. Rest in peace to the one and only Charlie Munger.

[00:04:23] Clay Finck: On that note, I bring you today’s episode with Jim Kwik.

[00:04:31] Intro: You are listening to The Investor’s Podcast where we study the financial markets and read the books that influence self-made billionaires the most. We keep you informed and prepared for the unexpected.

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