Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
In 1519, Hernán Cortés landed in Mexico and promptly set fire to his own fleet. By any conventional measure of military logistics, this seems profoundly counterproductive. It wasn't.
Matt Higgins — Shark Tank investor, Harvard Business School lecturer, and accidental dropout — has spent his career studying what happens when humans remove their own escape routes. Spoiler: it tends to go rather well, and there's solid science to explain why.
A landmark Wharton study found that merely having a backup plan measurably reduces both your motivation and your likelihood of success. The safety net, it turns out, is cutting the tightrope.
Why the brain mistakes "prudence" for "self-protection" and how to catch it
The four-step process for synthesising your risk tolerance before you commit
How to extract more value from failure than was taken from you
SPONSORS
👨💻 NordLayer
Security across your business
10% off: GROWTHMINDSET-10
https://nordlayer.com/growthmindset/
🌳 Acorns
Smart way to grow your money
$5 welcome bonus
Acorns.com/PSYCHOLOGY
NEW SHOW - How to Change the World: The History and Future of Innovation
Learn about the evolving story of the human species and our ideas told in chronological order. The podcast is full of fun facts, surprising stories and philosophical insights.
Apple - https://podcasts.apple.com/us/podcast/how-to-change-the-world-the-history-of-innovation/id1815282649
00:00 Cortés Burning the Boats01:31 Introducing Matt Higgins04:08 The Problem with Plan B06:11 Managing Risks10:53 When You Should Be Able to Retreat15:18 Why We Should Not Romanticise Failure17:38 Life After Shark Tank24:30 Optimising Strengths vs Improving Weaknesses31:48 Importance of Commitment and Setting Intentions33:47 Inspiring Women37:00 The Investor Anxiety Exchange39:45 Rapid Fire Questions Learn more about your ad choices. Visit podcastchoices.com/adchoices
