Dr. Brian Portnoy is an expert in making decisions.
He holds a Ph.D. from the University of Chicago, he’s a Chartered Financial Analyst, and he’s the Director of Investment Education at Virtus Investment Partners.
Dr. Portnoy joins me on the podcast to discuss how to make smarter decisions — not only about investments, but also generally in life. How do we sharpen our decision-making skills? How do we improve our critical thinking processes?
Here are some of the takeaways from our conversation.
1. Beware of resulting.
Great results can come from poorly-planned decisions. And wise decisions can lead to good results on occasion.
Don’t judge a decision based on its results; judge a decision based on the soundness of the thinking process through which you made that choice.