1145 | Right for the Wrong Reasons

In this episode, Carl explores the concept of "predictive value" and the challenges of identifying factors that can forecast success, particularly in the investment and startup worlds. He reflects on his experience advising institutional investors and the ongoing search for variables that can reliably predict outcomes. Carl highlights the complexity of determining whether success is due to skill or luck, emphasizing the importance of focusing on the process rather than just the outcome. Tune in for a thought-provoking discussion on what truly has predictive value and how to apply this in various fields.Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/