Today's show is centred on the expected cost of pessimism and how investor expectations of loss negatively affect financial decisions. After concisely exploring the data and literature on the subject, we get into a few solutions to this dynamic and talk about how to find a way around natural human tendencies and myopic loss aversion. We then get into our first Mark's Minutes segment, with our colleague Mark McGrath briefly explaining some interesting ideas about risk and tax-free savings accounts. For today's episode retrospective, we go over Episode 45 and the conversation we had with Moira Somers about effective communication and advice methods. Matthew Dicks, the author of Storyworthy then joins us to offer some insight into the utility of stories in the different areas of life, including financial advice, and more relaxed social settings. Matthew does a great job of describing and demonstrating how stories connect people, and allow ideas to flow in a natural and impactful way, so make sure to tune in.

Timestamps:
0:00:00 Intro
0:03:21 Main Topic: The (Expected) Cost of Pessimism
0:05:30 Triumph of Optimism
0:07:45 Pessimism
0:09:16 Media Influence
0:09:46 Impact on Investors
0:26:02 Mark's Minutes
0:34:22 Episode 45: 60 Seconds
0:40:54 Special Guest: Matthew Dicks
0:59:54 Aftershow

Book From Today's Episode:
Storyworthy: Engage, Teach, Persuade, and Change Your Life Through the Power of Storytelling — https://www.amazon.com/Storyworthy-En...

Join Our Live Event:
What Are my Options with my Options? - https://us06web.zoom.us/webinar/regis...

Links From Today’s Episode:
Rational Reminder Website — https://rationalreminder.ca/
Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/t....
Rational Reminder on Instagram —   / rationalreminder  
Rational Reminder on X —   / rationalremind  
Rational Reminder on YouTube —    / channel  
Rational Reminder Email — [email protected]
Benjamin Felix — https://www.pwlcapital.com/author/ben...
Benjamin on X —   / benjaminwfelix  
Benjamin on LinkedIn —   / benjaminwfelix  
Cameron Passmore — https://www.pwlcapital.com/profile/ca...
Cameron on X —   / cameronpassmore  
Cameron on LinkedIn —   / cameronpassmore  
Matthew Dicks — https://matthewdicks.com/
Storyworthy — https://matthewdicks.com/storyworthy/
Storyworthy: Engage, Teach, Persuade, and Change Your Life Through the Power of Storytelling — https://www.amazon.com/Storyworthy-En...
Homework for Life TED — https://matthewdicks.com/homework-for...
Mark McGrath on LinkedIn — https://www.linkedin.com/in/markmcgra...