Behavior Gap Radio

1531 | The Absence of Consequences

Behavior Gap Radio

Show Notes

In this episode, Carl explores one of the most dangerous lessons we can learn about risk: nothing bad happened last time. Whether in investing, backcountry skiing, or everyday life, repeated exposure to risk without consequences can slowly convince us that we were safe all along. Carl reflects on how the absence of consequences can masquerade as evidence of safety, and why one of the most important practices in risk management is simply to remember what happened to those who weren’t so lucky. Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

More from Behavior Gap Radio

Oct 20, 2026

In this episode, Carl explores a fundamental problem with planning: we’re not very good at knowing what we actually want. Through a conversation with a friend who's tracked his goals for 25 years, Carl reflects on how often our imagined futures change, and why that doesn’t mean we should stop setting goals. It’s an exploration of what goals can give us, even when we’re almost certainly wrong about where we’re headed. Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

Oct 15, 2026

In this field note, Carl reflects on something that became clear after a recent Society of Advice retreat: The search for a meaningful life can sometimes start to sound like a long list of hard things. But what about the wonder, joy, beauty, love, and sheer amazement of being alive? Carl explores what happens when we make room for it all, including the difficult parts, without forgetting that this whole adventure can be pretty wonderful, too. Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

Oct 9, 2026

In this short episode, Carl offers a different way to think about artificial intelligence and the questions it raises about our work and our value. As technology changes what’s possible, he invites us to consider one question that may matter more than ever: What’s deeply unique about you? Want more from Carl? Get the shortest, most impactful weekly email on the web! Sign up for the Weekly Letter from Certified Financial Planner™ and New York Times columnist Carl Richards here: https://behaviorgap.com/

See all episodes →