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?
Not Your Average Financial Podcast™
May 20, 202226m 33s
Audio is streamed directly from the publisher (media.blubrry.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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?
