Saul Goodman, the quick-witted criminal lawyer in Better Call Saul, often dispenses investment advice and discusses financial matters with his clients. Though Saul’s suggestions sometimes toe the line between legal and illegal, there are kernels of investing wisdom scattered throughout the show. By analyzing Saul’s discussions around money and finance, investors can gain useful perspectives on topics like risk management, entrepreneurship, and striking a work-life balance.
Saul advocates calculated risk-taking and managing downside
As an attorney specializing in representing criminals, Saul Goodman is constantly advising clients on how to interpret and manage risk. He frequently encourages calculated risk-taking, while considering the downside. For instance, when convincing Walter White to continue cooking meth, Saul urges evaluating the probabilities and potential consequences of getting caught. For investors, Saul’s risk management advice underscores balancing upside opportunities with downside possibilities. Rather than avoiding risk altogether, he suggests handicapping the risk-reward tradeoff.
Saul emphasizes hustling and salesmanship for business success
Saul Goodman builds his criminal defense practice throughdetermined hustling and relentless self-promotion. He demonstrates the importance of salesmanship, marketing and hustle in entrepreneurial endeavors. Saul relentlessly networks, advertises on bus benches, and thinks creatively to get clients. For investors looking to start side businesses, Saul’s focus on hustling and selling highlights the need to get out there, talk to people and creatively build your brand.
Saul believes in maintaining work-life balance
Though Saul Goodman works hard hustling for clients, he values leisure and maintains a healthy work-life balance. Saul can often be seen kicking back, enjoying a drink by his pool and focusing on relaxation. He understands the need to take a break and recharge to avoid burnout. For investors with busy day jobs, Saul’s emphasis on work-life balance serves as a reminder to take time for yourself and pursue passions outside of finance.
By extracting lessons from Saul’s unorthodox business practices and discussions on risk, salesmanship and work-life balance in Better Call Saul, investors can gain an entertaining yet thought-provoking perspective on managing investments.