Behavior Gap Radio

1009 | Probability vs Consequence


Listen Later

In this episode of Behavior Gap Radio, Carl shares his journey up the Grand Teton in Wyoming as he reflects on the complexities of risk assessment. While scaling the mountain with his friend V, Carl confronts a stark realization: his focus on the probability of falling contrasts sharply with V's concern for the consequence of dying if a fall happens. This eye-opening experience prompts Carl to examine the interplay between probability and consequence in various aspects of life, from adventurous climbs to everyday decisions like texting and driving. Carl invites listeners to think about their own approach to risk and consider how weighing both probability and consequence can lead to wiser decision-making.

...more
View all episodesView all episodes
Download on the App Store

Behavior Gap RadioBy Carl Richards

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

114 ratings


More shows like Behavior Gap Radio

View all
WEALTHTRACK by Consuelo Mack

WEALTHTRACK

269 Listeners

Masters in Business by Bloomberg

Masters in Business

2,179 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

932 Listeners

Animal Spirits Podcast by The Compound

Animal Spirits Podcast

1,996 Listeners

The Perfect RIA by Matthew Jarvis, CFP® & Micah Shilanski, CFP®

The Perfect RIA

458 Listeners

The Rational Reminder Podcast by Benjamin Felix, Cameron Passmore, and Dan Bortolotti

The Rational Reminder Podcast

428 Listeners

The Compound and Friends by The Compound

The Compound and Friends

2,040 Listeners

The Long View by Morningstar

The Long View

853 Listeners

Sound Investing by Paul Merriman

Sound Investing

331 Listeners

Kitces and Carl - Real Talk for Real Financial Advisors by Michael Kitces, MSFS, MTAX, CFP and Carl Richards, CFP

Kitces and Carl - Real Talk for Real Financial Advisors

233 Listeners

Barron's Advisor by Barron's Advisor

Barron's Advisor

108 Listeners

Ask The Compound by The Compound

Ask The Compound

294 Listeners

The Long Term Investor by Peter Lazaroff

The Long Term Investor

129 Listeners

The Great Retirement Debate with Ed Slott & Jeffrey Levine by The Great Retirement Debate with Ed Slott & Jeffrey Levine

The Great Retirement Debate with Ed Slott & Jeffrey Levine

124 Listeners

The Morgan Housel Podcast by Morgan Housel

The Morgan Housel Podcast

1,014 Listeners