423: The secret to making good decisions in times of uncertainty

Feb 26, 2025

Struggling with decision-making during tough times? Embrace radical open-mindedness! The speaker shares personal stories illustrating how adapting beliefs can lead to better outcomes. Discover key mindset strategies to navigate uncertainty and leverage your strengths. Plus, there's a free PDF guide on self-storage facility analysis to boost your investment strategies. Get ready to tackle challenges with a fresh perspective and make informed choices!

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Episode notes

Intro

00:00 • 2min

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Embracing Radical Open-Mindedness in Uncertainty

01:55 • 8min

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Navigating Uncertainty: Key Mindset Strategies for Success

10:10 • 2min

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#43

• Mentioned in 175 episodes

Principles

Ray Dalio

In 'Principles: Life and Work', Ray Dalio shares the principles he has developed over his career that have helped him achieve success. The book is divided into three sections: the first section explains how Dalio's principles were formed from his personal and professional experiences; the second section outlines life principles, such as embracing reality, being radically open-minded, and understanding the importance of pain and reflection in personal growth; and the third section focuses on work principles, including the use of radical truth and radical transparency to transform an organization. Dalio advocates for systematizing decision-making into algorithms, learning from failures, and building a culture where it is okay to make mistakes but unacceptable not to learn from them.

Do you find yourself struggling to make good decisions in tough times? I'm doing a rerun of one of my favorite episode about the topic of having a Radical Mindedness. This helped me and I believe this will help you too! Enjoy!

This episode was originally posted on April 17, 2020

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