The Rich Don't Penny Pinch

In this episode I talk about penny-pinching, which I take to mean any kind of nit-picking or hyper-detailed behavior, that I argue leads to bad long-term outcomes. Penny-pinching is when we try to use all the information available to weigh pros and cons, and make some informed decision as how to best act. I will argue that while this might make us feel better in the moment, and sound smart to others, it's in fact more often than not, unintelligent because it doesn't take into account how thin...