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b"I came across this week\\u2019s guest thanks to the overlap of three passions of mine: data informed investing, value creation, and basketball.\\xa0Sam Hinkie worked for more than a decade in the NBA with the Houston Rockets, and then most recently as the President and GM of the Philadelphia 76ers. He helped launch basketball's analytics movement when he joined the Houston Rockets in 2005, and is known for unique trade structuring and a keen focus on acquiring undervalued players. Today, he is also an investor and advisor to a limited number of young companies in which he feels his experience can improve outcomes.\\xa0\\nPlease enjoy this unique episode with Sam Hinkie.\\xa0\\n\\nShow Notes\\n3:24 \\u2013 (First Question) Advantages of having a long view and how to structurally harness one\\n6:08 \\u2013 Using technology to foster an innovative culture\\n\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa06:18\\u2013 Empire of the Summer Moon: Quanah Parker and the Rise and Fall of the Comanches, the Most Powerful Indian Tribe in American History\\n10:16 \\u2013 Favorite example of applied innovation from Sam\\u2019s career\\n11:34 - Most fun aspect of doing data analytics early on the Houston Rockets\\n13:38 - Is there anything more important than courage in asymmetric outcomes\\n14:29 \\u2013 How does Sam know when to let the art of decision making finish where the data started\\n16:29 - Pros and cons of a contrarian mindset\\n17:26 \\u2013 Where he wanted to apply his knowledge in sports when first getting out of school and how his thinking is best applied in the current sports landscape\\n21:39 \\u2013 How does he think about trying to find the equivalent of mispriced assets in the NBA\\n23:12 \\u2013 Where tradition can be an impediment to innovation\\n25:07 \\u2013 What did the team and workflow of the team look like in the front office\\n27:03 -\\xa0The measure of truth in a sports complex\\n29:10 \\u2013 What were the early factors coming out of the data that helped to shape NBA teams\\n30:42 \\u2013 Best tactics for hiring\\n33:59 \\u2013 Process of recruiting spectacular people\\n35:39 \\u2013 Thoughts on fostering a good marriage\\n37:57 \\u2013 Picking your kids traits in your spouse\\n\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa038:02 \\u2013 Selfish Reasons to Have More Kids: Why Being a Great Parent is Less Work and More Fun Than You Think\\n40:45 \\u2013 What kind of markers does he look for when evaluating long term investment ideas\\n42:44 \\u2013 His interest in machine learning\\n45:55 \\u2013 What\\u2019s more exciting, the actual advances in machine learning or the applications that can be imagined as a result\\n\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa0\\xa047:15\\u2013 International Justice Mission\\n48:11 \\u2013 How he got started teaching negotiations and some of the points he makes in that class\\n49:16 \\u2013 Effective techniques for negotiating\\n50:03 \\u2013 Is negotiating contentious, do you need empathy\\n50:41 \\u2013 A Rorschach test of Sam based on his reading of Lessons of History (book)\\n53:01 \\u2013 Biggest risk Sam took in his career\\n54:37 \\u2013 Biggest risks Sam took while with the 76ers\\n58:09 \\u2013 Do people undervalue asymmetric outcomes in the NBA 1:00:11 \\u2013 The players Sam has enjoyed watching over the years\\n1:02:45 \\u2013 Why Robert Caro is a favorite author of his\\n1:04:30 \\u2013 Kindest thing anyone has done for Sam"