Not Your Average Financial Podcast™
Episode 246: Chaos, Plinko Boards and Your Financial Future
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?