The Story about Risks and Decisions

The Man Who Shot Liberty Valance: The Story That Becomes Reality

In The Man Who Shot Liberty Valance, a young lawyer named Ransom Stoddard arrives in a violent frontier town believing that the law, reason and knowledge can change society.

He is confronted by Liberty Valance, a man who represents fear, chaos and brute force. Stoddard does not have the skills or power to defeat him in the traditional way.

Then Tom Doniphon enters the story.

Years later, when people remember what happened, they believe Stoddard became a hero because he stood up to Liberty Valance and defeated him. It becomes the legend that shapes his reputation and his future.

But the truth is different.

The facts behind the story are more complicated. The reality is not the story people remember.

The famous line from the film captures the lesson:

“When the legend becomes fact, print the legend.”

The film reveals something important about human decision-making: people do not organize their lives around facts alone. They organize their lives around meaning.

Facts tell us what happened.

Stories tell us what it means.

This is exactly why financial professionals cannot rely only on numbers. A retirement projection, a risk calculation or a portfolio analysis may be accurate — but accuracy alone does not create commitment.

A client needs a story about the future.

They need to see:

  • Who they want to become.
  • What kind of life they want to protect.
  • What risks they are willing to accept.
  • What choices today will mean twenty years from now.

The left brain can calculate the possibilities.

But the right brain creates the picture that makes a person move.

Great financial storytellers understand that clients are not simply choosing products. They are choosing a future identity. They are deciding which story they want their life to become.

The question is not only:
“What does the data say?”

The deeper question is:
“What future can you see yourself living?”

Because people rarely act on information alone.

They act on the story that gives the information meaning.

We want clients to measure risk, to look into the future and visualize how today’s decision will affect them 20 years from now. These are abilities that they possess in the right side of their head and we simply need to learn the language that will trigger those abilities.

Typically when we sell financial products we speak the language of the rational left brain, which is fine to a point, but the left side of the brain does not decide on anything! It will analyze from there to eternity. The more information you give the left brain to analyze, the more it will procrastinate. Left brain dominant people are those who can’t get enough information and have a terrible time making decisions.

People analyze with their left side. They agonize over information and numbers, but they don’t decide. The right side puts it all together and forms a picture, gets a feeling and then makes the leap. Once the decision has been made, the left side kicks in and wants to get it done with planning and organizing.

Once you understand this point – that decision making and risk taking are a right brain function – you will immediately see the relevance of learning to speak the language of the right brain. Your livelihood depends on your ability to do so. Our next part of the seminar will show you how to speak this right – brain language of persuasion.

 

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