The WealthAbility Show with Tom Wheelwright, CPA
Making Bad Decisions Worse
Mar 22, 2024
Discover how entrepreneurs compound bad decisions, tips on building a solid plan to avoid worsening mistakes, insights on stock market psychology, embracing external expertise for business success, navigating cognitive biases in decision-making, and Dr. Vincent D. Felipeau's upcoming book Breaking Point.
36:24
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Quick takeaways
- Recognizing the need to correct bad decisions early is crucial for business success.
- Emotion-driven decisions can lead to poor outcomes, emphasizing the importance of disciplined investing strategies.
Deep dives
Importance of Identifying and Correcting Bad Decisions
Avoiding compounding bad decisions is crucial for business owners and investors. Recognizing when to correct a bad decision rather than escalating it is key. Dr. Vincent D. Felipeau, expert on the topic, discusses the significance of understanding the consequences of bad decisions.
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