The Poisonous Mindset That Keeps You Poor (And How To Fix It)

Aman and Aadil break down loss aversion, the hidden cognitive bias that quietly stops people from taking the right risks and making better decisions. They explore why the fear of losing hurts more than the upside of winning, and how that mindset costs people far more over a lifetime than a few failed attempts ever could.

Through personal stories, business examples, and brotherly banter, they connect loss aversion to careers, investing, health decisions, and relationships — from missed opportunities like Walmart and Nvidia, to why people stay stuck in safe paths that slowly drain them.

If you’ve ever hesitated, overthought, or played it too safe, this episode will change how you think about risk.

🎧 Listen to all episodes of The Entropy Show with Aman & Aadil Manazir on Apple Podcasts and Spotify.

Apple Podcasts Link: https://podcasts.apple.com/za/podcast...
Spotify Link: https://open.spotify.com/episode/3eVe...

Aadil's Contact Information:
📷 Instagram - @aadil.manazir

Aman's Contact Information:
📷 Instagram - @amanmanazir

Here are all timestamps with **+35 seconds added**:

00:00 Introduction
00:42 Halloween Party Stories
02:44 Aman's Alex Hormozi Costume
05:50 Finasteride Decision & Doctor Visit
07:18 Conflicting Medical Advice on Finasteride
10:05 Hormozi's Acquisition.com Notebook Story
12:21 The $20 Table Buying Thought Experiment
13:35 Loss Aversion Explained
17:11 Loss Aversion vs. Income Variance
20:00 The Cost of Fear vs. Failure
25:04 Lifestyle Business vs. Quant Career
29:02 Overcoming Loss Aversion
30:16 Parents as Doctors Context
37:28 Japan Laundry $80 Debate
39:45 Sunk Cost in Relationships & Majors
40:32 $100 Productivity Apps Presentation
42:09 Generational Business Mentors
47:05 Sam Altman & Elon Musk Interview