Ep 37: Dan Nicholson - Becoming Your Own Bank
Description
The Wolf Den and Guard have both taken off exponentially recently. In this episode, I get to interview one of the people behind the scenes of The Wolf Den and behind all of the math (and more) that makes Guard tick.
05:25 What it’s like being in the front line
08:02 What a Certified Certainty Advisor (CCA) does
10:51 The Rigid Chaos Model and doing the opposite
14:24 Betting a dollar and getting a thousand back?
22:52 Why Dan pitched Randy to the CCA
25:54 The Mental Accounting Bias
29:28 Looking at risk from different perspectives
44:05 The Psychology of recognizing and minimizing your downside
48:41 The Time Value of Money
53:02 Investing vs Day Trading
57:32 Only adding structure where it is needed
1:00:15 What people can expect with the idea of building your own bank
United States
