The last few financial crises were set off by derivative events that tried to lower volatility in the short run but created tail events that triggered financial crashes. The same goes for personal events like upbringing that can have long-lasting effects on people's lives.
The last couple of financial crashes set off derivative events which led to people getting talked into doing things that increased their debt. This has led to younger people, including undergraduate and high school students, to rack up huge amounts of debt.
The podcast discusses the importance of having a good work-life balance to avoid being consumed by work and have a fulfilling life.
The podcast discusses how having different activities, including meditation and physical activities, can help in coping with depression, triggers, and emotional burdens caused by upbringing or negative experiences.
The fear of humiliation can be a useless, self-imposed thought that holds one back. Recognizing that embarrassing moments are fleeting and insignificant can help to break free from this fear.