Episode 1 – Thought Leader – Preston Pysh

Preston Pysh is the co-founder and host of The Investor’s Podcast. A graduate of West Point with a degree in Aerospace Engineering, he’s also the founder of BuffettsBooks.com, and his videos on financial investing have been viewed by millions of people around the world. He takes great pleasure in taking complex ideas and making them accessible. He is the founder of the Pylon Holding Company and enjoys spending time with his wonderful family.

Preston’s the author of Warren Buffett’s Three Favorite Books, The Warren Buffett Accounting Book, The 100 Page Summary of The Intelligent Investor, The 100 Page Summary of Security Analysis, and The Diary of a West Point Cadet.

• https://www.facebook.com/preston.pysh
• https://twitter.com/PrestonPysh
• https://www.linkedin.com/in/prestonpysh

Summary & Ideas for Action

Preston touched on a number of leadership areas in this high-energy interview. For example, the need to stay relevant, and leverage technology as a tool for communicating and measuring more effectively. He also hit on the Law of Reciprocity when it comes to all relationships – boss, peer and direct reports. Preston shared some great stories of courage and leaders he’s learned from with self-deprecating humility. He’s concluded from studying highly successful leaders (and billionaires) that they all share one specific attribute: They’re all voracious readers.

Quotable Quote

“Don’t open your mouth unless you know the other person’s opinion as well you know your own position.” Credited to Charlie Munger

Books Mentioned on the Show

• The SPEED of TRUST: The One Thing That Changes Everything by Stephen Covey
• Warren Buffett’s 3 Favorite Books: A guide to The Intelligent Investor, Security Analysis, and The Wealth of Nations

Points to Ponder

1. Do you agree with the Quotable Quote above? What are the pros and cons regarding that statement when it comes to leading your team?
2. What are you doing to leverage technology with the way you lead your team?
3. When it comes to reciprocity – are you making more deposits than withdrawals with your team?
4. When do you take yourself too seriously?
5. How do you define courage for your team? Do you model that behavior?