May 30, 2018
The first guest on The
Leadership Podcast was Preston Pysh - co-creator of The Investor’s
Podcast - an immensely popular and highly engaged community.
Preston returns in celebration of the 100th Episode, and talks
about successful investor habits from a leadership perspective. He
shares his recommendations for business owners in the current
climate based on what he’s learned from studying hundreds of
[8:55] Preston cites
The Compound Effect
as a book he would recommend on
leadership and developing momentum in new habits that navigate us
towards our goals.
[11:56] Once we generate
momentum and develop habits, it’s important to challenge them after
time to see if they can be optimized for even better
[13:17] Preston’s 5
recommendations for business owners in 2017:
better at search engine optimization
- understand lean operations
on free cash flow
- understand your customer
- invest the retained earnings
*He would also add to know
the competitive advantage of the business.
[21:10] Leaders and owners must
strive to find a balance between taking care of the human side of
their business, and new developing technology that will make things
faster and more efficient. While none of us have an exact answer of
what the line is between these factors, it is typically a choice
based on resources available, morals and company values.
[29:36] Preston approaches The
Investors Podcast with the intent to learn from other successful
people, take the best notes he can, and serve it to the audience to
learn and take into their own lives.
[33:40] Preston appreciates the
feedback from his audience on what they want to learn, and he takes
that into account in future interviews and episodes.
[36:05] The ladder of inference
is when we observe things, and select data, make assumptions and
adopt beliefs based on our observation. This creates a reflective
loop, where the choices we make are based on the original
[39:53] Quality leaders make
decisions based upon facts rather than consistency bias. They have
nothing to prove, protect or promote.
[45:17] Preston’s podcast is a
mechanism for to him to consistently work on personal development
and have discussions with some of today’s top leaders.
[48:55] Auto suggestion is a
powerful practice and tool that will help you speak your words into
reality. It is a way of conditioning your subconscious
[51:33] Preston still serves as
an active duty military officer.
Books by Preston
Podcast: The Investors Podcast
more you know, the more you know you don’t know.
- It is important to develop habits, and also challenge
- Challenge your belief structures.
- Just because something has worked for you really well
for 10 years doesn’t mean it can’t be optimized.
- People have to look at the enduring competitive advantage of
does your war chest look like?
all about the people.
important to be balanced, and not polarized on one side or
- Leaders do not allow themselves to fall victim
to confirmation bias.
Preston is a graduate of West
Point with a degree in Aerospace Engineering. He’s the founder
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
The Compound Effect
5 Ways Small Business Owners Can Grow in
Labor 2030: The Collision of Demographics, Automation and
Superforecasting: The Art and Science of