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The best book I’ve read this year
Summary
This article is a review of Rick Rubin's book, The Creative Act: A Way of Being. The author is impressed by the wisdom and insight found in the book, and finds many ideas applicable to their work as an investor. The author encourages readers to think carefully about the quality of inputs they allow, to look for original research, to be wary of labels, and to practice patience. They also encourage readers to think of investing as a creative act, and to read the book for more wisdom and insight.
Q&As
What is the title of the book mentioned in the article?
The title of the book mentioned in the article is The Creative Act: A Way of Being.
Who is Rick Rubin?
Rick Rubin is a producer who worked on many great records by a long list of artists, from Adele to Johnny Cash.
What is the creative process according to Rubin?
According to Rubin, the creative process begins with simple awareness and involves carefully curating the quality of what is allowed in.
What advice does Rubin give regarding labeling?
Rubin advises being careful with labels, as they can be toxic to clear thinking and limit how one sees the world.
What is the parable mentioned in the article about?
The parable mentioned in the article is about an old man in Calcutta who gets water from a well every day using a clay pot by lowering it by hand. The parable is about the importance of taking time and care in one's work, rather than taking shortcuts.
AI Comments
👍 This article provides a great insight into the creative process and how it can be applied to investing. The parables and quotes provided by Rubin are inspiring and help highlight different ways of approaching the creative act.
👎 Though this article provides some interesting information, the lack of practical advice makes it difficult to apply the ideas to real life situations.
AI Discussion
Me: It's about a book called The Creative Act: A Way of Being, which was written by Rick Rubin. He's a famous music producer who worked with a lot of different artists. The article discusses how the book is about creativity, and how it could be applied to investing.
Friend: Interesting. What implications does the article mention?
Me: The article discusses the importance of being aware of what you allow your brain to be exposed to. It talks about how you should be careful with labels and narratives, as they can be potentially dangerous and limit how you see the world. It also talks about the importance of being patient and giving yourself some distance from events. Lastly, it emphasizes the importance of taking the time to do your own research, rather than relying on others.
Action items
- Take time to curate the quality of what you allow into your brain.
- Read classic books instead of the news and watch iconic films to hone your sensitivity for recognizing greatness.
- Be wary of labels and narratives, and stay open to various possibilities.
Technical terms
- SVN Capital
- A venture capital firm.
- Rick Rubin
- A producer who worked on many great records by a long list of artists.
- The Creative Act
- A Way of Being: A book written by Rick Rubin.
- Macro
- Refers to the big picture, such as the overall economy.
- Peter Lynch
- An American investor, author, and mutual fund manager.
- Tom Morgan
- An investor at Sapient Capital.
- GNP
- Gross National Product, which is the total value of all goods and services produced in a country in a given year.
- Canon of Great Works
- A collection of works that are considered to be of the highest quality.
- Labels
- Categories or terms used to describe or classify something.
- Narratives
- A story or account of events, experiences, or the like, whether true or fictitious.
- Interpretation Machines
- A person or thing that interprets or explains something.
- Equanimity
- Mental calmness, composure, and evenness of temper, especially in a difficult situation.
- Bear Markets
- A market in which stock prices are falling or expected to fall.
- Compounding
- The process of generating earnings from previous earnings.
- Gurdjieff
- George Ivanovich Gurdjieff, a Russian spiritual teacher.