"so the two frameworks number one is iphone and mainframe so if you think about our conscious mind it has a processor a lot of sensors our eyes you know etc here etc that's a and it has a processor of ..."

"hi i'm jim o'shaughnessy and welcome to infinite loops sometimes we get caught up in what feel like infinite loops when trying to figure things out markets go up and down research is presented and the..."

"thanks for joining us now please enjoy this episode of infinite loops jim o'shaughnessy is chairman and co-chief investment officer of o'shaughnessy asset management where jamie catherwood is an assoc..."

"who is but ali i think in a in an alternate universe we may actually be brothers because i i i so you're a value investor i i played both sides of that because momentum you know and i do the empirical..."

"know the story is so much better yeah so it's it's very important to understand so i was growing up in this soviet union kind of a soviet russia and i cannot like now looking back it's amazing how bra..."

"and as a young man you're like okay your parents tell us you know that's true fast forward to 1988 or 1989 the the berlin wall already uh kind of broken down like either coming down already came down ..."

"voice there was you know kind of the same same person played all the parts didn't matter and the quality was horrible and everything but we like this kind of underground movie theaters changed our per..."

"bit i i love this story for so many reasons um and and one of the big reasons is the idea that you and i think a lot about um and that is this idea of social programming um and and very few people bei..."

"probably assign a truth to yeah oh my god that's um almost i'm jumping 20 50 chapters into the book yeah i've been thinking so much about it lately in fact like in the like volume 2 of the book like t..."

"important because there are so many implications there but let me okay so let me let me go to the second framework the second framework and this one is even more important to where we're going it's a ..."

"important i have this story i have two friends both uh one is matt and he lives in seattle and i call him the jesus of seattle and i have another one darren he lives in denver called the moses of denv..."

"so that is there's no that's a no that's a so be so the point to get your point i think we have this incredible ability to program ourselves to reprogram of once we notice we are doing something that ..."

"thinker can imagine the as you've said the thinker can imagine that they're going to be kind and they'll get kindness in return if they really if they really believe that their prover takes hope that ..."

"this happened to me so i work out twice a week and i found that i have a willpower to give things up like i quit smoking but i have very little willpower to actually do things by the way me saying thi..."

"like so i say and and i tell you now i whenever i talk about this is the problem i gotta be very careful when i say because they can hear um but now i become very very careful what i say and now when ..."

"user's manual and i i tend to to err on the side of practicality and and like so what am i going to reprogram myself to do i'm going to reprogram myself to do these positive things because you know th..."

"absolutely can i add one phoenix you said something i have this chapter chapter called abracadabra and and i think this is kind of to uh kind of relates to what you said about thoughts um an abracadab..."

"control of that um now we have to be in the science and i in the chapter i talk about four modes communications and which i think is probably like to be honest that's probably one of the chapters that..."

"et cetera um uh and uh and that in this mode anything that enters your mind is a hypothesis which you kind of examine from different directions and then through you know careful examination you're lik..."

"conditions the way people think literally right so i i had a thing a long thing that i wrote on the difference between beliefs and theories thesis and hypothesis um and i use the i use the poppy uh ka..."

"honestly because uh you know you could talk about kindness as putting good karma out i don't you know whatever your reference set yeah that that that's fine and and and then i took it a step further i..."

"his hill oh my god yeah i was going to say just this is why like when i write investment like when i write articles about stocks yeah i'm so cognizant of that because i just put you know and i just pu..."

"friend chris williamson says if i can if i can infer all of your political beliefs by you telling me one of them you are an ideologue who in my opinion is brain death and and so the importance of writ..."

"writing that i really enjoy and share is that you that's kind of the way at least unless i'm reading you wrong that is kind of the way that you you think and and you know kudos man because hey it's no..."

"back and fix it uh yeah uh so again like i don't i i honestly don't think we're gonna find something where our thoughts are are not similar but so so being dispassionate is something that you absolute..."

"you observe yourself kind of as a character or they just basically personalize it and say black or white yeah and and and if you do it enough it just becomes an automatic thing that you do and and i i..."

"so so thus was that gave me the the impetus to put everything out put it on paper say it get get people talking about it uh because that's the way you bring it into the world i love the abracadabra i ..."

"my beliefs that if you can't explain something um in a simple not simplistic people often hear simplistic simple straightforward manner and you know my hero in this is uh fine the physicist richard ri..."

"fine with that but i wanna i wanna i wanna turn this into to a question um is that a rule because this is new i like this um is that a rule that has changed other areas of your life or your behavior t..."

"has a tremendous impact on me because like there is this framework event event judgment reaction and like what i try to do is and um is to refer like event happens and you're gonna say reframe right y..."

"look at things uh er er uh look at it differently and subtle like there's a story telling the book which is not that exciting story but i um we were driving through the park with my kids and my aunt a..."

"know what's kind of interesting looking like my uh like this that there is another party like i remember my son jonah i think 18 19 years old he got his he got a speeding ticket his first speeding tic..."

"the time and so i see you yeah yeah so we would when we were when we traveled and he always painted when we go on vacation et cetera he would always kind of put his fingers like this and look for thin..."

"stud please do i love this story that is please do i love this story yes so dave's been a good friend uh for almost 30 years he's the one who got us to go up to canada with the o'shaughnessy method um..."

"so that's yeah maybe coming maybe needs a paint job and maybe uh it needs some fixing up uh but yeah so i concur with you um i think that there are you know uh regime changes happen in investing but t..."

"some of the tribalism is bad i just think it's bad um you know and and will store again i just did a big interview with him for infidel oops and you guys will probably get released close to the same t..."

"exercise so i think if we can moderate the tribalism a little bit by starting organizations that become idea labs as opposed to propaganda labs i think that there are enough people i certainly i know ..."

"this write-up on tesla actually i wrote this i wrote the nine-part series of articles let me turn it into into like a tiny book you know kind of book on amazon um right into a tesla analysis and like ..."

"and the same thing like like my conclusion was i love the car i absolutely love the tesla i have absolutely loved this car and i had it for three years and i still enjoy it every single day is and um ..."

"yeah totally agree and um it i i love because you could set it up that they both sides hate you um because because you are a heretic you are an apostate yeah to them and if you understand this tribali..."

"even though you still have it in the maybe right and and for us like i watch because it's just amusing i am i'm incredibly amused by in uh elon musk uh listen i don't care what you think about him he ..."

"have to have a particular um and and that's hard because so many people like fashion themselves i i work with a lot of younger people not just in finance by the way in a variety of industries and like..."

"that he gave was he was a he was a big believer that walking was the only good exercise and so he got in the habit of walking uh half an hour a day four times a day well i grew up in minnesota which w..."

"just dove in i loved it to me it's like speaking another language almost because i saw a fun quote where it said that the reason that music evolved really was that mathematicians wanted to hear what m..."

"course you can yeah and and you can have tremendous admiration for you know fill in the blank i know that you have a different answer so you're going to tell me now no it's going to be so it's kind of..."

"performance i like this performance i don't like like i can't do this with like um like i i really have to listen to hundreds hundreds of times before i can do this i do the same thing um and like my ..."

"universal language because the the it you don't need to be russian to love rock monaco right it's just like and and so uh you know i i don't know much about i've read uh maybe one biography of him but..."

"but i am i'm so taken with music and the power that music has that and it's by the way it's not just classical music um i you know contemporary forms of rock and roll of rap of all of those things lik..."

"brothers to uh um to a music school to study piano and my my older brothers absolutely hated it they hated so much that i think the this this story ended when my brothers literally broke the piano and..."

"though his daughter uh is a you know as an accomplished uh violist in london and so college more college of music so so and uh and uh so when it came to my kids i had to i had to be very careful so i ..."

"dots because what and here's what happens you know this and this i'm going to run this analogy by you tell me if it makes sense you know when you go on vacation you're going to go to uh to an island s..."

"says well you know the music school there is a ah there was a yogurt shop right next to it she's like and now and so this gets more interesting so she started taking music lessons like she likes it sh..."

"to be just because here's what happens after they listen to it enough because it's complex they'll you know when they order they may hear this music and it's going to click with them because it's been..."

"uh the amount of wisdom he had you know um so he basically does set us down and said listen for you guys to have a happy life you don't want to be strained by finances and it doesn't matter how much m..."

"there are you have the income you have obvious expenses then you have those thinking funds and what's left is this is your kind the money that you actually this is the stuff you can actually spend whe..."

"anyway but again i'm not in a you know and um and this and i think this really this was very important to me and then there was a there's a there's another layer to this um if you look at the so money..."

"because i'm gonna sound like this uh this wealthy hedge fund manager i'm not even a hedge fund manager but but you know i'm going to be the typical stereotype okay but but but the there's a we have a ..."

"yeah well i again this is uh now i'm starting to get a little freaked out because uh like we we did everything the same i i too um said to my children that they could buy any amount of books they want..."

"because the remembering self that's with the experiences right and i too just like you i will i'm very loose on experience budgets especially if they can involve my entire family yes and and so like i..."

"and schedule traveling so anyway so that's very very good answer i had i had the same experience i i just also think that the the ability to experience different points of view and um you know differe..."

"experience them firsthand um like for example if you get a chance if you've never been to go to bhutan i highly highly recommend it um i totally agree with your point about we americans being workahol..."

"about so so think about like this is like let me let me run this by you i don't have a single friend who smokes not a single like you probably don't have either no no so it's very easy for us to assum..."

"often find that people think they're thinking but they're just judging and of thinking well so when i when i put this up um on twitter as i always do saying we did it i'm going to just say part one be..."