An MIT professor offered his class a coin flip: win $125 or lose $100. Most students said no. Then he proved refusing was the smart move, and it explains why you're bad with money. The bet looks great on paper. Flip a coin, win $125 or lose $100. On average, you make money. Economists call that a more than fair bet. Most of the room still wanted nothing to do with it. They weren't being dumb. Their answer actually made sense. Here's why. You don't experience money as numbers on a spreadsheet. What matters is what that money does for you. Losing $100 you already have can hurt more than gaining another $125 helps. Then he changed the question. Imagine you were forced to take the bet unless you paid to escape it. How much would you give up? Using the standard math, the answer came out to $43. People would rather lose $43 for certain than face a bet that's actually tilted in their favor. That's risk aversion. The value of gaining money and the pain of losing it aren't perfectly symmetrical. And it's part of the reason insurance exists. You accept a small guaranteed cost today to remove the possibility of a much bigger loss tomorrow, even when that loss is statistically unlikely. Once you see it, you notice it everywhere. Insurance premiums, warranties, bets you refuse. Sometimes you're not paying for better odds. You're paying to remove an outcome you can't afford.

When AI started changing his engineers' jobs, @NitrogenWealth CEO @danzitting didn't wait to see what it would mean for everyone else. He went first. A week alone with the tools until he was running his own day on them. Then he showed the company how, and what he'd learned along the way. Now he calls it their superpower. 💥 That's where Episode 2 of Beyond the Meeting, hosted by @AaronKlein, starts. Where it goes: • What it's like to run a software company in the AI age • Why the metrics that used to mean success are changing • What software that empowers human relationships looks like in practice, and the fifteen minutes Dan spent running Nitrogen with his dad. Full episode in the first comment.

JUST IN: Anthropic has launched Claude for Financial Advisors, combining its AI chatbot with investment analytics and wealth-management software

🚨 New episode alert 🚨 I sat down w/ @danzitting, CEO of @NitrogenWealth, to talk about why client meetings are becoming the real battleground for advisor value & how AI can help advisors create more trust-building moments. Listen: wealthmanagement.com/financi…

NYC spends more per homeless person than the median NYC household earns. $81,705 per person in FY2025. And $81,705 is a floor. It excludes supportive housing (~$500M/yr), mental health response teams, and NYPD encampment costs. The city projects ~$97K per person in FY2026.

it is vitally important for america that mamdani get elected mayor of NYC. he can help maximally and swiftly tax the rich, stand up govt-run grocery stores, eliminate the police force, freeze rents, and make public transportation free.. it’s unlikely that taxing the rich will cause them to move to other cities (collapsing nyc tax revenue), or that city-run grocery stores will fail to increase fresh vegetable consumption in the inner city, or that elimination of the NYPD will cause a rise in crime and decline in quality of life, or that freezing rents will drive landlords to dump properties (collapsing prices and property tax revenue), or that free public transportation will result in union-led kleptocracy. no way. i’m sure this time socialism will be different… if Americans don’t want to learn the lessons of socialism’s failures elsewhere, we should aim to learn them here as quickly as possible. let’s make sure one or two cities and states fall apart fast so the rest don’t have to.. elect mamdani! after accruing $2 trillion in student loan debt, that they will never be able to pay down, it’s no surprise “the college educated in nyc are supporting mamdani 61-39”. the current system has failed them. but the truth is, more government may not be the answer when too much government (indiscriminate federal student loans regardless of cost or quality of degree or institution) may have gotten them to this moment. a gentle reminder, though, that an articulate ignoramus isn’t more correct than his less charismatic/authentic political rival. facts, data, truth still stand above theory, innuendo, and bullshit. socialism won’t work. if we have to re-learn that lesson the hard way, let’s do it fast and elect mamdani.

Don't miss our Product Launch Event happening May 14th at 2 PM EST! We're sharing all the latest updates to your favorite tools and features. Register now to be the first to hear! ⬇ nitrogenwealth.com/webinars/…