The Mind Money Spectrum Podcast

#93. How to give up and quit like a pro

September 21, 2021 Aaron Agte and Trishul Patel Season 2 Episode 41
The Mind Money Spectrum Podcast
#93. How to give up and quit like a pro
Show Notes

When things aren't going well, when do you persevere and when do you throw in the towel?

In this episode, Aaron and Trishul try to address the following question, "If things aren't going well, when do you make a change?" How do you overcome the emotional gravity of past actions to make good decisions moving forward? They discuss how impactful the status quo can be when framing a decision as an opt-in or opt-out. They also examine the disposition effect, prospect theory, and premortems. And sometimes, simply having a third-party opinion can help overcome behavioral bias.

Episode References

Investing Forever - Famous Amos and Noble Daniel
Disposition Effect
Selling Winners, Holding Losers
Black Swan
Happy Money
Thinking Fast and Slow
Freakonomics: Upside of Quitting
The Signal and the Noise

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.