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The Illusion of Control: Why We Overestimate Our Ability to Predict Anything
•4:55

The Illusion of Control: Why We Overestimate Our Ability to Predict Anything

The Illusion of Control: Why We Overestimate Our Ability to Predict Anything
The Risk Manager’s Guide to Money
0:00 4:55

In this episode

The illusion of control is one of the most dangerous forces in finance. In this episode, we explore why humans overestimate their ability to predict outcomes, why randomness feels like skill, and how overconfidence quietly builds fragility. From LTCM to everyday decisions, the illusion of control shapes financial mistakes at every level. Learn how to break the cycle, reduce dependence on prediction, and build a life that can withstand uncertainty.