OutsideVoices with Mark Bidwell

Latest Episodes:

Mohnish Pabrai: Cloning, Learning from Charlie Munger, 100 Baggers Sep 14, 2021

Show notes

My guest in this episode is Mohnish Pabrai, who I first met at the Berkshire Hathaway AGM in 2014 in Omaha, Nebraska. Mohnish is the Founder and Managing Partner of Pabrai Investment Funds and the author of "The Dhandho Investor," which is just as useful if you're interested in learning about investing as it is for entrepreneurs. He was featured in William Green's recent book "Richer, Wiser, Happier," which William discussed in one of the previous episodes of this podcast.

Mohnish plays bridge with Charlie Munger, and he's a shameless cloner. He describes what being a cloner means and how he thinks about investing, how he learns from others and how he changed his mind about business, investing, COVID and many other things.

What Is Covered:

- Mohnish's family background and what he learned about business from his parents

- How Mohnish discovered Warren Buffett and decided to clone his approach to investing

- Why there are not many cloners in the worlds of investment and business

- Examples of cloners among the biggest companies in the world

- The investing lessons learned from the dotcom boom and bust

- The concept of 100 baggers and how mindset plays a crucial role in investing

- What he has learned from getting to know Charlie Munger

Key Learnings and Takeaways:

- Most humans have an aversion to cloning; 2-3% have quirky wiring and are aggressive about cloning, and 95-97% don't care about it - when they identify something interesting that someone else is doing, they believe the opportunity is over.

- The Holy Grail of investing is to own a business with favorable economics, bought at a reasonable price and held for a very long time, with some good growth engines.

- The error rate in the investing business is very high; if each time something goes wrong we zoom in to get lessons, many times we are going down rabbit holes that are not productive. We need to learn when we stumble, but not learn too much.

Links and Resources Mentioned in This Episode:

- Pabrai Investment Funds https://pabraifunds.com/

- Mohnish Pabrai's Website http://www.chaiwithpabrai.com/

- "The Dhandho Investor: The Low-Risk Value Method to High Returns" by Mohnish Pabrai https://www.amazon.com/Dhandho-Investor-Low-Risk-Method-Returns/dp/047004389X

- "Berkshire Hathaway Letters to Shareholders" by Warren Buffet https://www.amazon.in/Berkshire-Hathaway-Letters-Shareholders-1/dp/0615975070

- "Nomad Investment Partnership Letters to Partners by Nick Sleep and Qais Zakaria https://igyfoundation.org.uk/wp-content/uploads/2021/04/Full_Collection_Nomad_Letters_.pdf

- "100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunity" by Thomas William Phelps https://www.amazon.co.uk/100-Stock-Market-Distinguished-Investment-ebook/dp/B09BNRXZJ4/

- "Richer, Wiser, Happier: How to World's Greatest Investors Win in Markets and Life" by William Green https://www.amazon.co.uk/Richer-Wiser-Happier-Greatest-Investors-ebook/dp/B08FXTLBH2/

- William Green: Richer, Wiser and Happier on OutsideVoices Podcast https://outsidelens.com/richer-wiser-happier-practical-wisdom-from-some-of-the-worlds-greatest-investors/

- Joel Greenblatt: The Common Sense of Long-Term Investing on OutsideVoices Podcast https://outsidelens.com/joel-greenblatt-the-common-sense-of-long-term-investing/

Connect with Mark Bidwell: - LinkedIn https://www.linkedin.com/in/markbidwell/

- Twitter https://twitter.com/markehb

Chris Yeh: Blitzscaling and Lifelong Learning Jul 13, 2021

Show notes

Chris Yeh is an entrepreneur, investor and author of several books, including two with the founder of LinkedIn, Reid Hoffman, the most recent of which is called "Blitzscaling." Today we cover the fascinating topic of blitzscaling - how to scale a business in record time, how to take advantage of significant market opportunities that are in front of you, how to focus on distribution, and leverage network effects.

Whether you're a founder, a CEO, an investor in early stage companies, a developer, or leading a business unit or a function in a large organisation which might be at risk of going ex-growth, you'll learn valuable lessons from a lifelong learner such as Chris Yeh.

What is Covered:

- The definition of blitzscaling: prioritising speed over efficiency in the environment of uncertainty

- What kind of companies can blitzscale and in what kind of markets

- Key growth factors and key growth limiters in blitzscaling

- The counterintuitive rules of blitzscaling and what kind of CEO it requires

- Examples of the companies which successfully blitzscaled

Key Learnings and Takeaways:

- A company would decide to blitzscale if it is facing a winner take most market that could be worth billions or trillions of dollars, and the company's objective should be to win that market.

- In blitzscaling, product market fit is necessary but insufficient; necessary, because without product market fit, you can't have sustainable success, but insufficient, because other things like the winner take most market and the distribution are ultimately more important.

- The reason to raise the money is not to spend it, but to give you that ability to adapt, and then ultimately to move faster when the time comes.

- The main danger for entrepreneurs is getting caught up in a local market that is not large enough to give them a stable position within the overall global economy.

Links and Resources Mentioned in This Episode:

- "Blitzscaling: The Lightning-Fast Path to Building Massively Valuable Companies" by Reid Hoffman and Chris Yeh https://www.blitzscaling.com/

- "The Alliance: Managing Talent in the Networked Age" by Reid Hoffman, Ben Casnocha and Chris Yeh https://www.amazon.com/Alliance-Managing-Talent-Networked-Age/dp/1625275773

- "The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses" by Eric Ries https://www.amazon.com/The-Lean-Startup-Eric-Ries-audiobook/dp/B005MM7HY8/

- Blitzscaling Ventures https://www.blitzscalingvc.com/

- Blitzscaling Academy https://www.blitzscalingacademy.com/

- Chris Yeh Podcast https://anchor.fm/chris-yeh-podcast

- Chris Yeh Website https://chrisyeh.com/

- Greylock Partners https://greylock.com/

- Greymatter Podcast https://podcasts.apple.com/us/podcast/greymatter/id1089013200

- Sahar Hashemi OBE: Anyone Can Do It - Sahar's Remarkable Entrepreneurial Journey on OutsideVoices https://outsidelens.com/anyone-can-do-it-sahars-remarkable-entrepreneurial-journey/

- Safi Bachall: Loonshots - Innovation Through the Lens of a Physicist on OutsideVoices https://outsidelens.com/safi-bachall-loonshots-innovation-though-the-lens-of-a-physicist/

Connect with Mark Bidwell: - LinkedIn https://www.linkedin.com/in/markbidwell/

- Twitter https://twitter.com/markehb

Gillian Tett: Anthro-Vision - Shifting the Perspectives on Life and Business Jun 29, 2021

Show notes

It's a great pleasure to welcome back Gillian Tett, who chairs the Editorial Board in the US for the Financial Times. She has a regular column at FT, writing about finance, business and the political economy. Gillian's work is all about looking at the world through different lenses, and moving from tunnel vision to lateral vision. It's about leveraging diversity, embracing the unknown, and learning from others in non-related fields, cultures, and geographies.

In this interview, we talk about her new book, "Anthro-Vision: A New Way to See in Business and Life," and we cover a lot of topics from an anthropological perspective. We also talk about controversial topics like Bitcoin and Trumpism, as well as more enduring issues like leadership, and what that looks like in this VUCA world that we live in. So whether you're a business leader, a policy maker, an investor, or even just a parent worrying about how your kids appear to be over-reliant on technology, I hope you will find this conversation as fascinating and inspirational as I did.

What Is Covered:

- The three principles of the anthropology mindset and what being an anthropologist means in the corporate world

- How the concept of barter and social silences plays out in the world of AgTech and "free" services

- Why teenagers are glued to their cell phones and what kind of needs in physical space the cyberspace is fulfilling

- The concept of fast and slow money, and people's behaviours around money

- Understanding Trumpism from an anthropological perspective

- How Bitcoin and cryptocurrency tribes are changing the economy and the power structures

Key Takeaways and Learnings:

- Barter trade terms in the world of AgTech need to be reset to make it more equitable, giving a lot more transparency to consumers, giving consumers more control over the duration of the trade, and creating data portability.

- The four skills that anthropology can offer to any leader are the ability to have empathy for difference, to flip the lens and look back at yourself with a sense of humility, the ability to look outside the model, and to recognize that we need to think about people's human behavior and how culture matters.

- Cultural phenomena like Balinese cockfighting rituals are a good way to make sense of Trumpism, and of what's happening with Elon Musk and Bitcoin in terms of defining tribal groups, the role of rituals and symbols, and the role the emotions play

Links and Resources Mentioned in This Episode:

- "Anthro-Vision: A New Way to See in Business and Life" by Gillian Tett https://www.simonandschuster.com/books/Anthro-Vision/Gillian-Tett/9781982140960

- Connect with Gillian Tett on LinkedIn https://www.linkedin.com/in/gillian-tett/ and Twitter https://twitter.com/gilliantett

- Data & Society https://datasociety.net/

- ReD Associates https://www.redassociates.com/

- "The Interpretation of Cultures" by Clifford Geertz https://www.amazon.com/gp/product/0465097197/

- Why Anthropologists are More Interested in Bitcoin Than Economists, by Mick Morucci https://bitcoinmagazine.com/culture/anthropologists-are-interested-in-bitcoin

- "Who Can You Trust" by Rachel Botsman https://rachelbotsman.com/books/

- The Conversation https://theconversation.com/global

- Colliding with the Unexpected with Gillian Tett on OutsideVoices Podcast https://outsidelens.com/colliding-with-the-unexpected-with-gillian-tett/

Connect with Mark Bidwell: - LinkedIn https://www.linkedin.com/in/markbidwell/

- Twitter https://twitter.com/markehb

Joel Greenblatt: The Common Sense of Long-Term Investing Jun 08, 2021

Show notes

Joel Greenblatt is arguably one of the best investors in the world. He is a Managing Partner at Gotham Asset Management, an investment firm he founded in 1985. He has spent more than two decades teaching at Columbia Business School, and he's the author of five books focused on investment strategy, including "You Can be a Stock Market Genius," "The Little Book that Beats the Market," as well as his most recent book, called "Common Sense: The Investor's guide to Equality, Opportunity and Growth."

In this conversation, we talk about what's changed and what remained the same in value investing specifically, and more broadly in investing in general. We also talk about how important it is to keep learning, both from wiser, more experienced and often older people, as well as from the next generation. In addition, we touch on the advantage that individual investors have over professional investors, and our ability to think and act with a long-term perspective.

What Is Covered:

- How Joel's investing philosophy has evolved over the years

- "The Magic Formula", why it still works, and why it is hard for people to follow it

- The value of a long-term perspective in investing, Joel's projects in education and charter schools for kids from low-income and minority communities

- How the internet and network effects have changed the world of business, and why we're seeing some of the best businesses that have ever existed

Key Takeaways and Learnings:

- The importance of accumulating and compounding experience, learning from other people's mistakes, and reading a lot; one of the biggest elements of investing is recognising an outsized opportunity when you see it, and if you see something great, taking advantage of it.

- The returns are very noisy; you could go one or two years underperforming the market, and then make a lot of money in year three or four that made up for it. People aren't very patient, especially if they're blindly just following a formula.

- Individual investors have an advantage, because they don't have the pressure of their performance being viewed every day, and they can invest and think in private.

- At any time, if you get your stuff together, there's an ecosystem outside your current system that will let you learn.

Links and Resources Mentioned in This Episode:

- Common Sense: The Investor's Guide to Equality, Opportunity and Growth, by Joel Greenblatt https://www.amazon.com/Common-Sense-Investors-Equality-Opportunity/dp/B08HHFJLH7

- The Little Book that Still Beats the Market, by Joel Greenblatt https://www.amazon.com/Little-Still-Market-Books-Profits-ebook/dp/B003VWCQB0/

- The Big Secret for the Small Investor: A New Route for Long-Term Investment Success, by Joel Greenblatt https://www.amazon.com/Big-Secret-Small-Investor-Investment-ebook/dp/B0051BLTJO/

- Outliers: A Story of Success, by Malcolm Gladwell https://www.amazon.com/Outliers-Story-Success-Malcolm-Gladwell/dp/0316017930

- The Good Ancestor: A Radical Prescription for Long-Term Thinking, by Roman Krznaric https://www.amazon.com/Good-Ancestor-Think-Long-Term-Short-Term/dp/1615197303

- Poor Charlie's Almanack: The Wit and Wisdom of Charlie T. Munger https://www.amazon.com/Poor-Charlies-Almanack-Charles-Expanded/dp/1578645018

- Cable Cowboy: John Malone and the Rise of the Modern Cable Business https://www.amazon.com/Cable-Cowboy-Mark-Robichaux-audiobook/dp/B07YVNMKXS/

- William Green: Richer, Wiser and Happier on the OutsideVoices Podcast https://outsidelens.com/richer-wiser-happier-practical-wisdom-from-some-of-the-worlds-greatest-investors/

- Robert Hagstrom: The Return on Investment of Mental Models on The OutsideVoices Podcast https://outsidelens.com/the-return-on-investment-of-mental-models-with-robert-hagstrom/

- Brad Feld: When Big and Small Make Great on The OutsideVoices Podcast https://outsidelens.com/when-big-and-small-make-great-with-brad-feld/

- OutsideVoices Podcast - Summary of Guests: https://outsidelens.com/outsidevoices-summary-of-guests/

Connect with OutsideVoices:

- Follow us on LinkedIn https://www.linkedin.com/company/outsidelens/

- Check us out on Twitter https://twitter.com/LensOutside

Richer, Wiser, Happier: Practical Wisdom From Some of the World's Greatest Investors Apr 15, 2021

Show notes

William Green is a journalist and author, who has written for many leading publications in the US and Europe, including The New Yorker, Fortune, Forbes, Fast Company, Money, The Economist, and others. He has interviewed presidents and prime ministers, inventors, criminals, prize-winning authors, the CEOs of some of the world's largest companies, and countless billionaires.

William's most recent book is "Richer, Wiser, Happier," where he draws on interviews that he's conducted over twenty-five years with many of the world's greatest investors. He spent time with time with people like Sir John Templeton, Joel Greenblatt, Nick Sleep, Mohnish Pabrai, and Charlie Munger, and distilled for the readers what it is that we can take away from their disciplines, their mindsets, their habits, and day to day activities, that we can apply in other walks of life beyond financial management.

What Is Covered:

- Why we can regard the world's greatest investors as practical philosophers

- The connection between resilient wealth creation and emotional resilience

- Why the idea of cloning other investor's practices is still subversive in today's world

- Exercise, nutrition, meditation and sleep as the basics for making good decisions

Key Learnings and Takeaways:

- When you decide to clone someone's fundamental ideas and insights that work, you have to do it in a way that's aligned with your own temperament and skills

- In order to create resilient wealth, you don't need the optimal strategy, you need a strategy that's good enough, that's directionally correct

- You don't want to wait until you're in the midst of a crisis to adopt habits such as quality nutrition, exercise, meditation and sleep; it's important to adopt these good habits before the crisis.

Links and Resources Mentioned in This Episode:

- "Richer, Wiser, Happier" by William Green http://www.williamgreenwrites.com/richer-wiser-happier/

- Connect with William Green on Twitter https://twitter.com/williamgreen72

- Connect with William Green on LinkedIn https://www.linkedin.com/in/william-green-79809a19/

- "Power vs. Force" by David R. Hawkins https://www.amazon.com/Power-vs-Force-David-Hawkins-ebook/dp/B00EJBABS2

- "Letting Go: The Pathway of Surrender" by David R. Hawkins https://www.amazon.com/Letting-Go-David-R-Hawkins-ebook/dp/B00EY818TQ/

- "Carefree Dignity" by Tsoknyi Rinpoche https://www.amazon.com/Carefree-Dignity-Discourses-Training-Nature/dp/9627341320

- "Open Heart, Open Mind" by Tsoknyi Rinpoche https://www.amazon.com/Open-Heart-Mind-Guide-Transformation/dp/1846043441/

- "Altered Traits" by Daniel Goleman https://www.amazon.com/Altered-Traits-Science-Reveals-Meditation/dp/0399184392/

- Colliding with the Unexpected with Gillian Tett on OutsideVoices https://outsidelens.com/colliding-with-the-unexpected-with-gillian-tett/

- Accidental CEO with David Novak on OutsideVoices https://outsidelens.com/accidental-ceo-with-david-novak/

Connect with OutsideVoices:

- Follow us on LinkedIn https://www.linkedin.com/company/outsidelens/

- Check us out on Twitter https://twitter.com/LensOutside

The Art of Impossible: the Playbook for Impractical People in 2021 Jan 19, 2021

Show notes

Steven Kotler is a New York Times bestselling author, an award winning journalist and the executive director of the Flow Research Collective. He's one of the world's leading experts on human performance. He's the author of nine bestselling books, including The Future is Faster Than You Think, Stealing Fire, The Rise of Superman, and the most recent one, The Art of Impossible, which we are talking about in this episode. His work has been nominated for two Pulitzer Prizes, translated into over 40 languages, and appeared in over 100 publications, including the New York Times Magazine, Wired, Atlantic Monthly, Time and the Harvard Business Review.

Steven is a remarkably productive person, and he puts a lot of that extraordinary productivity down to what he's been doing for the last 30 years, and what he's writing about in The Art of Impossible. In this book, he refers to the work of our previous guests Mike Gervais and Angela Duckworth, and talks about the topics that we've explored with Frans Johansson and Scott Page in previous episodes. Steven Kotler is making his third appearance on this podcast, and if you are looking for, as he describes it, a practical playbook for impractical people, this is another powerful, relevant, and compelling conversation about the results of his decades long research into peak performance.

What is Covered:

The sequence of external and intrinsic motivators that produce peak performance
How extraordinary capability emerges in individuals
The compounding effect of long-term practice for achieving peak performance
Neurochemistry of fear and why peak performers set unrealistic expectations for themselves

Key Takeaways and Learnings:

Peak performance is getting your biology to work for you, rather than against you. It's a limited set of skills shaped by biology, which are meant to be deployed in a sequence and in certain order.
Challenge to skills ratio is the most important of flow's triggers. When the challenge of the task at hand slightly exceeds our skill set, when we are stretching our skills to the utmost, it is a precondition for flow.
Peak performers are always going to look for something that really scares them, because they are going to get a lot of energy and a lot of focus for free. But they don't take on huge fears all at once. They chunk them down, one step at a time, and often.

Links and Resources Mentioned in This Episode:

The Art of Impossible by Steven Kotler https://www.theartofimpossible.com/
Steven Kotler's other books https://www.stevenkotler.com/books
The Flow Research Collective https://www.flowresearchcollective.com/
Animals in Translation, a book by Temple Grandin https://www.amazon.com/Animals-Translation-Mysteries-Behavior-Harvest/dp/0156031442
Bone Games, a book by Rob Schultheis https://www.amazon.com/Bone-Games-Extreme-Shamanism-Transcendence/dp/1558215069
The Space Between Commitment and Hesitation with Michael Gervais on OutsideVoices Podcast https://outsidelens.com/the-space-between-hesitation-and-commitment-with-michael-gervais/
Angela Duckworth: Grit - The Power of Passion and Perseverance on OutsideVoices Podcast https://outsidelens.com/angela-duckworth-grit-the-power-of-passion-and-perseverance/
Ignoring the Siren Call of Sameness Creates Lasting Value with Scott Page on OutsideVoices Podcast https://outsidelens.com/ignoring-the-siren-call-of-sameness-creates-lasting-value-with-scott-page/
Innovating, Medici Style with Frans Johansson on OutsideVoices Podcast https://outsidelens.com/innovating-medici-style-with-frans-johansson/

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Gillian Zoe Segal - The Power of Proximity, and What We Can Learn From The World's Greatest Entrepreneurs Jan 12, 2021

Show notes

Gillian Zoe Segal is the author of Getting There: A Book of Mentors. In that book, Gillian interviews incredibly successful entrepreneurs, mentors and people like Warren Buffett, to discover their secrets to success and innovation. On today's show, she discusses some of the insights into the lives of these successful and driven people and talks on what truly makes them tick.

What Is Covered

02:35 - Why did Gillian write Getting There?
03:10 - You don't need to know where you're heading when you're starting out.
03:45 - Successful people have a very fluid mindset and they're open to change.
05:35 - Everybody in Gillian's book is an entrepreneur and a trail blazer.
06:30 - How does innovation really happen?
06:45 - All of Gillian's entrepreneurs question everything and they don't blindly follow others.
07:20 - Gillian talks about Warren Buffett.
10:20 - How important is luck?
12:15 - Get ready to hear the word 'no' multiple times.
13:05 - Resilience is the key to success.
14:35 - Gillian was so confident in what she was doing, she didn't mind the word 'no'. Her drive kept her going for five years, which is how long it took to complete the book.
15:35 - You have to believe in your product.
17:35 - What advice does Gillian have for executives who are struggling to make an impact?
18:45 - If you remember who you are, you can do anything.
19:40 - You have to create your own opportunities.
21:00 - Don't let the fear of failure deter you.
22:15 - If you don't want to quit at least once a month, you're not trying hard enough.
25:00 - If Gillian had to do this all over again, who would she put in the book?
27:25 - How did Gillian manage to interview all these people for her book?
29:05 - Surround yourself with high-grade people.
30:15 - What are Gillian's morning rituals?
30:25 - What has Gillian changed her mind about recently?
31:25 - What advice does Gillian have for her 25-year-old self?
33:25 - What's Gillian's next project? That's a secret for right now!

Links and Resources Mentioned in This Episode:

Getting There: A Book of Mentors by Gillian Zoe Segal https://www.amazon.com/Getting-There-Gillian-Zoe-Segal/dp/1419715704
Connect with Gillian Zoe Segal on LinkedIn https://www.linkedin.com/in/gillian-zoe-segal-64041021/
Anyone Can Do It: Sahar's Remarkable Entrepreneurial Journey, OutsideVoices Podcast https://outsidelens.com/anyone-can-do-it-sahars-remarkable-entrepreneurial-journey/
Hacking Flow: How to Make Outperformance a Habit, OutsideVoices Podcast https://outsidelens.com/hacking-flow-how-to-make-outperformance-a-habit/

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Turn Your Ship Around with David Marquet Jan 05, 2021

Show notes

In this episode, we are joined by David Marquet, who was the Captain of the USS Santa Fe from 1990 to 2001 and now works as a leadership expert with businesses worldwide. We cover his book, Turn The Ship Around! A True Story of Building Leaders by Breaking Rules, which has been recently re-released with a new companion workbook.

What Is Covered

Why it is essential to have a longer-term perspective in your people development processes. Because while achievement scorecard runs while you're at an organization, your leadership scorecard starts counting the day you leave
Why leadership should be centered on 'leaning back' and inviting your team to 'lean forward'
Why David believes it is important to alternate between two sets of behaviors, languages, and mindsets to optimize between production and decision-making scenarios

Key Takeaways and Learnings

How pausing – and fighting the urge to take immediate action – is essential to developing the 'leadership muscle' of a team
The differences between a 'prove' and 'improve' mindset and how to signal to your team which mindset should be adopted in different situations
Actions to create a system thinkers and leaders at every level, how this develops organizational resilience and inoculates it against stupid decisions
How leaders need to 'flatten the power gradient', to make themselves accessible and create the environment for others to contribute

Links and Resources Covered in this Episode

Get in touch with David Marquet via LinkedIn, Twitter or Facebook
David Marquet's website
Turn the Ship Around!: A True Story of Turning Followers into Leaders, a book by David Marquet
United States Naval Academy, website
Talking 100% Entrepreneurship & 0% Bureaucracy with Heiko Fischer of Resourceful Humans on OutsideVoices

Wrap Up 3: What Is Your Most Significant Failure/"Low", What Have You Learned From It and How Have You Applied That Learning? Dec 30, 2020

Show notes

"Success consists of going from failure to failure without loss of enthusiasm". So said Winston Churchill, a man who had his fair share of professional disasters to accompany his well known successes.

A less painful and more practical strategy for many of us might be to learn from other people's mistakes. There can be no doubt that you will encounter unexpected and unwanted outcomes as a result of looking at the world through multiple perspectives, or as a result of changing or adapting your work habits in order to remain fresh and creative. So we all need to be prepared for the inevitable lows and I believe that the key is to quickly identify your mistake and take action.

It is for this reason we ask every guest about their most significant lows, and what they have learned from them.

Given their diversity of backgrounds and perspectives, here are some examples from the trenches about how a few of our highly accomplished guests from the worlds of business, academia, sports, science, and the arts have emerged from there lows and how they take that learning forward to create success.

Guests Featured in This Episode:

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Wrap Up 2: How Do You Remain Creative And Expose Yourself To Fresh Perspectives? Dec 30, 2020

Show notes

We believe passionately in the power of multiple perspectives to build and sustain innovation ecosystems.

And yet we are all creatures of habits, following schedules and routines that enable us to continue to perform at high levels, but which might leave us with little room for exploring the new. So unless we proactively seek out fresh perspectives, we run the risk of remaining in our own personal bubbles, surrounded by people who think only like us, so increasing the risk of biases like groupthink, not-invented-here and confirmation bias.

We always ask our guests what they do to remain fresh, to seek out diverse perspectives, and the answers are often surprisingly simple and practical. Here we provide a selection of tactics, all of which are easy to do, but are equally easy not to do. By regularly exercising your innovation muscles, the benefits to you and your organisation will build up and compound over time, as these world class performers have discovered.

Guests featured in this episode:

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