Curious about how fitness and finance relate to each other? This episode will take you on a surprising journey that connects the two. Remember, success in both fields require similar skill sets. Harnessing my client’s investing wisdom from my early twenties, we'll examine how classic investment rules apply to achieving your fitness targets. When everybody else panics, that's when you discover opportunities, and when all seems well, that's when you safeguard your gains.
Next, we stretch our exploration to the Greek concept of aschesis and its interpretation in the context of physical fitness and finance. Just as a well-functioning body keeps you healthy and lets you enjoy the activities you value, finance, as described by Robert Schiller, is about achieving goals, not just piling up money. We also discuss Andrew Carnegie’s philosophy about the social responsibility of wealth. Furthermore, we measure the cost-benefit ratio of pursuing our goals, and explore the idea that sometimes the joy of not achieving them can be equally rewarding. All of this ensures that your objectives, whether fitness or finance, are genuinely reflective of your values.
Finally, we navigate through the work of Naseem Taleb and his intriguing theory about strength training being a long tail event, alongside discussing the importance of efficiency in finance and fitness. We also dissect some principles of behavioral economics that can thwart your fitness goals. From the dangers of poor analogies, anchoring, and framing, to the significance of zeroing in on one goal at a time, this episode is packed with insights. So strap in, because it's time to see how fitness and finance are two sides of the same coin!
Producer: Thor Benander
Editor: Luke Morey
Intro Theme: Ajax Benander
Intro: Timothy Durant
For more, visit Simon at The Antagonist
