Deep Dive
What was Sam Parr's best investment of the year?
Sam Parr's best investment of the year was tipping generously, carrying around $1,000 in $20 bills and leaving large tips at restaurants, which made him happier. He also mentioned a potential high-return angel investment.
Why did Shaan Puri invest in real estate this year?
Shaan Puri invested in real estate because it offered a passive, tax-advantaged investment that beat market returns, was uncorrelated to his tech and crypto portfolio, and had low downside. He invested a few million dollars through his brother-in-law, an experienced real estate operator, achieving 30-40% returns.
What strategy did Shaan Puri use to profit from stock trades?
Shaan Puri traded against the 'All-In Podcast,' buying stocks like Bitcoin, Google, and Facebook when the podcast hosts were bearish on them. This strategy, which he called the 'Inverse All-In Index,' yielded significant profits, including a 500% return on a Facebook trade.
What was Sam Parr's worst investment of the year?
Sam Parr's worst investment was fully owning and managing real estate projects, which he found stressful and unprofitable. He broke even on a ranch he sold but regretted the time and effort spent on it.
What was Shaan Puri's biggest personal loss this year?
Shaan Puri's biggest personal loss was wasting time after his daughter was born. He adjusted his schedule to spend more time with her but ended up being unproductive for months, losing 4-5 hours daily to inefficiency.
What was Sam Parr's coolest moment of the year?
Sam Parr's coolest moment was flying to LA on a private jet with his best friend Neville, arranged by a wealthy and famous acquaintance. The experience was memorable not just for the luxury but for the adventure and learning opportunity it provided.
What was Shaan Puri's coolest moment of the year?
Shaan Puri's coolest moment was a family vacation in Tahoe for Thanksgiving, where he rented a house, hired a personal chef, and enjoyed a blissful morning with his family, dog, and cousins playing together.
What was Shaan Puri's life hack of the year?
Shaan Puri's life hack was creating a 'highs and lows' Slack channel for each of his companies. He documented significant highs and lows in real-time, which helped him maintain perspective and emotional balance by seeing past challenges and successes.
Who was Sam Parr's 'Billy of the Year' and why?
Sam Parr's 'Billy of the Year' was Mark Zuckerberg, who had a transformative year. Zuckerberg's net worth increased by $100 billion, he became the third richest person globally, embraced MMA, open-sourced AI models, and upgraded his personal style, all while maintaining a stable family life.
What was Shaan Puri's favorite podcast guest of the year?
Shaan Puri's favorite podcast guest was Manish Pabrai, whose episode became the first to cross 2.5 million views on YouTube. Pabrai shared valuable insights on investing, including the importance of patience and the analogy of 'watching paint dry' to describe great investors.
What was Sam Parr's best product of the year?
Sam Parr's best product of the year was 'Brick,' a $29 device that disables most phone functions except for calls, Spotify, and workout apps. He used it to stay focused during mornings, unbricking his phone only after returning home.
What change is Shaan Puri making next year?
Shaan Puri is focusing on music next year, taking piano lessons and hiring someone to teach him how to make music on a computer. He views this as a 'creative gym' to exercise his creativity, inspired by Tim Ferriss's approach to maintaining a creative mindset.
- Generous tipping increased happiness for Sam.
- Real estate investment yielded high returns for Shaan, but managing personal real estate was stressful and unprofitable for Sam.
- Successfully trading against the All-In podcast's investment opinions proved profitable for Shaan.
Shownotes Transcript