Kyle explores mental models from economics and art and how they apply to investing, decision-making, and investor behavior. What you'll learn here: 00:00:00 - Intro 00:02:00 - How scarcity drives value and luxury brands engineer demand 00:05:12 - Why Costco wins by reducing scarcity and leveraging scale 00:07:37 - How supply and demand influence stock prices and volatility 00:09:08 - Why economic cycles impact nearly all businesses over time 00:09:44 - How COVID reshaped demand across industries and markets 00:11:16 - The risks of cyclical investing and the benefits of steady compounders 00:12:59 - How optimization can backfire in business and biology 00:18:08 - Why specialization has trade-offs and why investing legends often stay generalists 00:26:34 - The tension between competition, monopolies, and market structure 00:32:08 - How bubbles form through demand surges and investor psychology 00:34:56 - Why great management teams leverage audience building to build the right type of shareholder base 00:42:03 - How contrast framing and narrative shape investor decisions Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/how-economics-and-art-shape-better-investors-w-kyle-grieve/ 🤝 Network with like-minded value investors and get new stock ideas by joining the TIP Mastermind Community. https://www.theinvestorspodcast.com/mastermind/ 💎 Explore a new business weekly and decide if it deserves a spot in your portfolio. https://www.theinvestorspodcast.com/intrinsic-value-podcast/ ▶️ Related Episodes: - Navigating an AI-Driven Market w/ François Rochon | Constellation Software, Kinsale Capital, & LVMH: https://youtu.be/P_-vRg1QnU0 - Berkshire Hathaway, Moody's, & BellRing Brands | Stock Analysis & Valuation: https://youtu.be/aSD_spMNpQs - Avoid Disaster w/ Superinvestor Howard Marks: https://youtu.be/hmHk_lqv_6s 📖 Books Mentioned: - The Great Mental Models Volume 4 by Shane Parrish: https://amzn.to/4sCCmuF - Guns, Germs, and Steel by Jared Diamond: https://amzn.to/4bJwWbn - Sapiens by Yuval Noah Harari: https://amzn.to/4bB0Le6 Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/we-study-billionaires/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #SupplyAndDemand #InvestingBasics #EconomicCycles #StockMarket #MentalModels