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Podcast: Wealth Formula Podcast
Episode: 120: Prefrontal Investing with Dr. David Phelps
Description: The prefrontal cortex is the CEO part of the brain. It is involved with personality, decision making, and moderating social behavior including impulse control and risk taking. You may not be surprised to learn, therefore, that this structure matures late in life. One study found that the prefrontal cortex may continue maturing late into your 40s. The brain of a teenager typically has a poorly developed prefrontal cortex—this is reflected in behaviors that you might have experienced yourself back in the day. I know I look back and think about some of the things I did and wonder how I...