In this episode, Zak, Mike, and Andy Lavoie discuss different definitions and ways to think about risk, and how to apply first principles in decision making.
This episode's guest is Andrew Lavoie. Starting his career on Wall Street as an institutional investor, Andy’s background and knowledge make him a leader in today’s topic on the first principles of risk and decision-making. Most people think of risk as something to avoid — a danger to be minimized. But the most successful investors and business owners know that risk, when understood and managed correctly, is actually the engine of opportunity. In this episode, Andy explains how to think about risk the right way — not as fear, but as information, and how you can use those same principles to make smarter, more confident financial decisions.
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