In this episode, Paulina Roach discusses the decision-making process when faced with a losing position or opportunity. She emphasizes the importance of not being emotionally attached to the decision and instead making financially sound choices. Paulina outlines a step-by-step approach to decision-making, including identifying the decision, determining the desired outcome, exploring different options, and evaluating the pros and cons of each option. She also suggests rating the likelihood of each outcome and scaling them from highest to lowest to determine the best course of action. Paulina provides a real-life example of how she applied this process to her own portfolio.
Chapters
00:00 - Introduction
04:07 - Understanding What 'Not Performing' Means
06:25 - Exploring Different Options
08:02 - Evaluating Pros and Cons
10:00 - Rating Likelihood of Outcomes
13:57 - Conclusion
