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The WealthAbility Show #166 - Making Bad Decisions Worse w/ Dr. Vincent deFilippo

The WealthAbility Show #166 - Making Bad Decisions Worse w/ Dr. Vincent deFilippo

3/22/2024 11:01:42 AM   |   Comments: 0   |   Views: 75

Making Bad Decisions Worse

The WealthAbility Show #166: 
 
Join Tom Wheelwright as he discovers how entrepreneurs make compounding bad business decisions worse and how to correct them with guest, entrepreneur, and author of "Braking Point: How Escalation of Commitment is Destroying the World," Dr. Vincent deFilippo.

Vincent is an investor in stocks, real estate, people, businesses, as well as a Professor in the school of business and accounting at Monroe College. He raised billions of dollars in venture capital for publicly traded companies throughout the Asia Pacific Region. He is a member of the Writers Guild, has a PhD and two master's degrees, as well as professional certifications from Harvard, Brown, MIT, Columbia, NY Film Academy, and Hollywood Film School.

Learn tips on how to build a solid a plan to avoid making bad decisions worse by creating protective provisions, core rules, discipline oriented goals, and more.


Order Tom’s book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/



00:00 – Intro 
05:00 – "Escalation of Committment"
09:04 – Recognizing loss aversion.
14:50 – Finding experts in the digital age.
17:38 – Preventative measures via core rules.
22:26 – Minimize negative impact, maximize positive.
27:45 – Protective features & provisions.
29:00 – Fear of losing vs. FOMO



Looking for more on Dr. Vincent deFilippo?

Website: vincentdefilippo.com, viennacap.com
Books: “Braking Point: How Escalation of Commitment is Destroying the World (and How You Can Save Yourself)”
LinkedIn: https://www.linkedin.com/in/dr-vince-defilippo



Tom Wheelwright, #CPA is a Best-Selling Author, Entrepreneur & Worldwide Authority on Tax. https://wealthability.com/tom/


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DISCLAIMER: WealthAbility® does not provide tax, legal or accounting advice. The materials provided have been prepared for informational purposes only, and are not intended to provide tax, legal or accounting advice. The materials may or may not reflect the most current legislative or regulatory requirements or the requirements of specific industries or of states. These materials are not tax advice and are not intended or written to be used, and cannot be used, for purposes of avoiding tax penalties that may be imposed on any taxpayer. Readers should consult their own tax, legal and accounting advisors before applying the laws to their particular situations or engaging in any transaction.
 
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