Not Your Average Financial Podcast™

Not Your Average Financial Podcast™


Episode 246: Chaos, Plinko Boards and Your Financial Future

May 20, 2022

In this episode, we ask:


  • Have you ever seen a double pendulum?
  • Have you ever played Plinko?
  • What about quantum mechanics?
  • What about the bell curve?
  • What about emerging patterns?
  • What about statistics?
  • What about Sir Francis Galton?
  • What about order out of chaos?
  • What about Monte Carlo simulations?
  • Can you unwind a portfolio in real life?
  • What about the power of large numbers?
  • What about the power of the insurance company?
  • What would it be like if you knew the outcome of your financial plan before you even started?
  • What if you could predict this with a high degree of certainty?
  • What happened when Mark started a new policy recently?
  • What about life’s milestones?
  • How does it feel?
  • Will you go back to work in your 80s?
  • What about offloading your problem?
  • Who will make it to age 100?
  • What about certainty?
  • What about the stock market?
  • What about motivated reasoning?
  • Should we be so certain?
  • What about being wrong?
  • What about a soldier mindset?
  • What about a scout mindset?
  • What about probabilities and ranges of outcomes?
  • What is your personal financial goal?