What's More Important, Your Health or Your Finances?


By Miles Clyne

You can argue my logic if you like, there are so many variables. In general, without both your mental and physical health, financial wealth for me is of limited value, and likely so for many. If you are a younger person consider this, would you rather be 80 and wealthy, or 30 and broke?

I typically listen to podcasts daily since my commute puts me behind the wheel a minimum of an hour a day. I’d go insane listening exclusively to radio and crazier listening to my own thoughts on my daily drive. Here’s a couple of great listens for you if you find yourself wanting to make better sense out of your life and the world.

Mahzarin Banaji is an Indian-American social psychologist at Harvard University. Ms. Bananji explains how blind spots in our minds form and create biases as we fill in what we don’t know with the limits of what we do know. This will likely come as a shock to some, imagine admitting to ourselves we might not be as unbiased as we think we are, scary & humbling stuff!


Robert Lustig, M.D., M.S.L. is a researcher with expertise in fructose metabolism, and a former pediatric endocrinologist. Dr. Lustig discusses what’s wrong with the current food environment, and what we can do to reduce our chances of becoming part of the obesity, diabetes, metabolic syndrome, and nonalcoholic fatty liver disease epidemics. Dr. Lustig feels the evidence is so compelling as to what needs to be done in the food industry to save lives he recently earned a Master of Studies in Law so he can hopefully not only educate people, but change policy.


My career as a portfolio manager has led me to believe that rather than just taking finance courses, investment professionals need to also include psychology courses if they are to improve their chances of helping others financially.  I’m only beginning to understand how it is possible for many investors to have little interest in finding better investment solutions.  I wish I could give you the reason, but I have only barely come to understand why this happens. I’m probably a lifetime or longer away from knowing why anyone would be so complacent with something so important. 

One thing is for certain, investors have blind spots when it comes to investing. We may fall prey to the sales ability of a silver tongue, or trust to the point of compliance with what someone is telling us. These two examples may seem very similar. But in the second case the pitch may be coming from someone who is incompetent and truly believes what they are saying.

The first podcast is brilliant in helping us understand why we can easily make bad choices. The second podcast talks a lot about the consequences of some very bad information we have been literally fed and digested for decades. Now we are paying the price for pseudoscience and what we eat.

The information in these two podcasts represents how we can become better mentally and physically. I can guarantee that even if you think you can figure everything out on your own you need to understand the sentence, “we fill in what we don’t know with the limits of what we do know”.

Mostly through the insights of others I’ve come to believe a lasting foundation comes from good mental health. In each Tycuda monthly report we highlight a few of our favorite podcasts or other mediums we think are worth sharing. What is more important to you, your health or your finances? Love to hear your opinion and why.