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This week, we dive into Dr. Ryan Anderson’s insights on investment psychology and “failing forward”. We explore why fear (loss aversion) and inaction can be riskier than calculated risks, leading to missed chances like Michael’s “museum of fear”. Learn practical steps for building resilience: document your investment decisions in a journal, start with progressive (minimal risk) learning, and embrace the long-term view that “time in the market” is crucial. Understand that failure is not the opposite of success; it is a learning opportunity.
By Ryan AndersonThis week, we dive into Dr. Ryan Anderson’s insights on investment psychology and “failing forward”. We explore why fear (loss aversion) and inaction can be riskier than calculated risks, leading to missed chances like Michael’s “museum of fear”. Learn practical steps for building resilience: document your investment decisions in a journal, start with progressive (minimal risk) learning, and embrace the long-term view that “time in the market” is crucial. Understand that failure is not the opposite of success; it is a learning opportunity.