The Blessings and Curses of Commitment and Consistency For Investors | Mental Model
When we commit to something, we’re more likely to follow through with it. This is especially true when we commit for long periods of time. But how does this work for or against us as investors? We explore this concept in today’s show.Link to Robert Cialdini’s book Influence here:https://tinyurl.com/rv6ahkj40:00 - Start3:09 - My Failure With The Mental Model4:25 - Bill Ackman’s Decision5:38 - Logic Behind Netflix Decision7:00 - An Idea To Apply👀 Subscribe on YouTube:https://youtube.com/channel/UCKwdV2I2k0tWvjVpa8szyHA🎧 Listen to 200+ episodes on other companies and mental models:https://stockstoryteller.com/podcast/Email: [email protected]