How Smart Entrepreneurs Get Ahead in an Uncertain World – Tom Wheelwright, David Spiegelhalter

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Join Tom Wheelwright as he explores how entrepreneurs can gain resilience, adapt, and continue to thrive in an age of tremendous uncertainty with his guest, David Spiegelhalter, author of “The Art of Uncertainty.”

David Spiegelhalter is Emeritus Professor of Statistics in the Statistical Laboratory, University of Cambridge, having previously held the posts of Winton Professor for the Public Understanding of Risk, and Chair of the Winton Centre for Risk and Evidence Communication.

In this episode, discover how individuals and businesses can build resilience amidst constant change and how to strategically prepare for possible futures.

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

00:00 – Intro.
01:31 – Constitutive Luck – The hand you’ve been dealt; the period of time and space and society you happen to be born in.
05:03 – “Safe Uncertainty” – A powerful tool for individuals and organizations.
08:47 – How entrepreneurs can deal with and recover from uncertainty in their business.
12:17 – What happens when you can’t list the possibilities?
17:33 – Dealing with data manipulation: find trustworthy communication of evidence and numbers; look at the source – is this person honest, competent and reliable? Ask yourself “what am I NOT being told?”.
22:22 – Skepticism vs. Cynicism. Which are you?
26:13 – The Art of Prompting: How to deal with AI and its sources of information?
34:00 – Closing Statements.

Looking for more on David Spieghelhalter?
Books: “The Art of Uncertainty”
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ABOUT US:
Tom Wheelwright is the founder and CEO of WealthAbility and TFW Advisors, a leading authority on tax strategy and wealth building. He is the best-selling author of Tax-Free Wealth and a trusted advisor to Robert Kiyosaki. As a world class CPA, Tom is dedicated to empowering entrepreneurs and investors to reduce their tax burden and achieve financial freedom. He currently resides in Phoenix, Arizona.

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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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Cameron Long

Cameron Long

Cameron is a seasoned CFO and CPA with 31 years in finance. He created the AI Trader's Playbook to help everyday investors use AI to find high-confidence trades — in minutes, not hours.

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19 Comments

  1. As a laissez-faire, classical liberal, I want to see life as a dodecahedron rather than a 2-sided coin. Living life well and preparing for various future circumstances is not for the lazy of mind.

    1. “Living life well and preparing for various future circumstances is not for the lazy of mind.”

      Nor is it for the uneducated.

      You don’t know what you don’t know until someone that does know, informs you that you don’t know something.

      If your parents, teachers, and “spiritual leaders”, failed to educated someone on the practical needs of life, assuming that it’s common sense, then the one that was not taught those things, will go through life struggling and may never get past that lack of education.

      The worst part of this lack of education, is that not even people that have that knowledge and claim to be a friend, will confront the individual and actually be a true friend and point out the failings of this person they claim to be a friend of, in a way that the person can understand and then be proactive to make the necessary changes.

    2. ​@@scotttoveythat is why people like myself had to read to make up for what I lacked as a child. I was taught nothing about Finance or economics or logic. That and many other things I developed in life, through observation and voracious reading habits. Now, judicious use of the internet can be an education that rivals or surpasses College. But you have to have skills and wisdom developed over the years through living, working and relationships

  2. I value your perspective and content.Bitcoin is on its way to breaking records, getting closer to hitting new high prices, showing that it’s gaining more value and could go even higher than we’ve seen before. This could mean great things for people looking to invest, suggesting now might be a good time to get involved before it jumps even higher. It’s an exciting moment that could change the game in general…managed to grow a nest egg of around 2.2Biitcoin to a decent 20.4Biitcoin. At the heart of this evolution is Alison Bruce, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment….

    1. Actually i was just hoding before I found Mrs Bruce. Whom in my opinion i believe is the absolute best in the field

    2. Most failures and loss on Investment usually happens when you invest without proper knowledge of the market. I was able to recover my losses with Alison Bruce crypto strategies.

    3. Most failures and loss on Investment usually happens when you invest without proper knowledge of the market. I was able to recover my losses with Alison Bruce crypto strategies.

    4. Alison Bruce Crypto deserves more accolades, I’m so impressed knowing how much people talk good about her expertise… she also helped me and my friends here in the UK 🇬🇧 to trade profitably with her daily signals.

  3. Watching the price action post-launch will be exciting — but being in before that matters more.

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  5. The fundamentals here are miles ahead of most AI-labeled tokens. Alaxio’s team isn’t playing around.

  6. Thank you for your Educative videos .. If there is one thing I have learned in recent months it is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y’all to forget predictions and start making a good profit now because future valuations are all speculations and guesses. Bitcoin going up is good for the entire market and you can not tell if it’s going bearish or bullish. I Would say More emphasis should be put into day trading as it is less affected by the unpredictable nature of the market.I have made over 31btc from day trading with Linda Wolfson insights and signals. in less than 2 months, this is one of the best medium to backup your assets incase it goes bearish…

    1. Wow that’s great, amazing to see others who trade with Linda Wolfson, I’m currently on my 5th trade with her and my portfolio has grown tremendously and all thanks to her.

    2. It’s so refreshing to see reviews of Linda Wolfson. I’ve worked with her before. Her approach always keeps you ahead of the curve. She’s an expert, I would say.

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    5. Until the big players sell. (Crypto has years of history isn’t much) Be careful. Gold/silver has over 5000 years of going up..

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