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 & 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!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

TGL043: Mastermind Group on Decision Making (Finance Podcast)

The Good Life Podcast with Sean Murray