TGL043: Mastermind Group on Decision Making (Finance Podcast)

On today’s show, we brought back by popular demand, our Mastermind group on decision making. I believe decision making is one of those super-powers in living The Good Life. Improving our judgment can have a far-reaching impact on our health, our well-being, our emotions, our happiness – so many different aspects of our life. Decision making is the primary tool we have to go about in constructing a flourishing life. The Mastermind group includes Jake Taylor of Farnam Street Investments, Annie Duke, author of "Thinking in Bets", and Brent Snow, founder of Ten Thousand Feet which is a company that provides training to Fortune 500 companies on decision making. I've asked each of our guests to introduce a tip or technique that they recommend in improving our decision making.  IN THIS EPISODE, YOU'LL LEARN: How quitting helps us deal with uncertainty Why, when the world changes, we should change our mind Why being “quit-tuitive” is not intuitive, and what do do about it Gritty is good but when do we quit and get gritty about something else? The "quit-ability" of an option should be something we take into consideration Determine the conditions in advance that would cause us to change our mind and try another strategy or model Why Bezos encourages his team at Amazon to quit and shut projects down Why we should "Widen the frame" – consider more than just two options Why a group is great for providing different perspectives and independent thinking, but one person should make the decision Why we shouldn’t use a group meeting to decide, rather we should use it to inform.  Information diets and truth densities - give yourself permission to go on an information diet Pare down your input to information with high truth density Why books are the oil of information BOOKS AND RESOURCES How To Decide  by Annie Duke Letter to Investors on Decision Making by Jake Taylor All of the HSA benefits. None of the hassle. Make the most of your health savings account with BendHSA. Capital One. This is Banking Reimagined. What’s in your wallet? Browse through all our episodes (complete with transcripts) here Support our free podcast by supporting our sponsors CONNECT WITH ANNIE DUKE, JAKE TAYLOR a BRENT SNOW Annie Duke's Twitter Account Annie Duke's Website Jake Taylor's Twitter Account Jake Taylor’s Farnam Street Investments Brent Snow’s Ten Thousand Feet GET IN TOUCH WITH SEAN MURRAY Sean's Twitter Account Sean's LinkedIn Account Email: Sean@TheInvestorsPodcast.com Website: RealTime Performance, Inc. Weekly Newsletter: RealTime Performance Newsletter HELP US OUT! Help us reach new listeners by leaving us a rating and review! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

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