Millennial Investing - The Investor’s Podcast Network
Business:Investing
MI Rewind: Warren Buffett’s #3 & Charlie Munger’s #1 Business Book of All-Time w/ Robert Cialdini
Robert Leonard chats with Dr. Robert Cialdini to discuss his book Influence, New and Expanded: The Psychology of Persuasion.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:17 - What influence is and why there is so much psychology in persuasion.
07:37 - What the levers of influence are.
27:36 - How the world of digital business is impacted by influence.
32:06 - What makes our cell phones addicting?
36:12 - How do we spot phony online reviews and why this is important?
39:49 - Why personalizing gifts increases the returns of gifts.
47:13 - Which psychological principle Coca-Cola missed that led to a disastrous marketing decision?
48:50 - Why Amazon offers to pay each of its fulfillment employees up to $5,000 if they quit?
54:56 - The question can job candidates ask at the start of an interview to increase their chance of success.
58:49 - What the unity principle of influence is.
And much, much more!
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