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RWH015: Betting Better in Markets & Life w/ Annie Duke

RWH015: Betting Better in Markets & Life w/ Annie Duke

FromWe Study Billionaires - The Investor’s Podcast Network


RWH015: Betting Better in Markets & Life w/ Annie Duke

FromWe Study Billionaires - The Investor’s Podcast Network

ratings:
Length:
108 minutes
Released:
Oct 16, 2022
Format:
Podcast episode

Description

IN THIS EPISODE, YOU’LL LEARN:12:49 - How Annie Duke got sick, quit academia, & became a professional poker player.18:24 - How poker taught her to “embrace uncertainty” & recognize the limits of what we know.27:26 - How a legendary poker champion taught her to think more rationally about luck & loss.37:45 - Why it’s important to think probabilistically—and how to strengthen this skill.41:49 - How Annie helped a venture capital firm to improve its decision-making process.44:54 - What skills & insights can be transferred from the game of poker to the game of investing.51:36 - Why Annie never owned Bitcoin or NFTs.55:13 - How to develop “kill criteria” that will help you decide when to sell an investment.1:00:31 - Why we tend to make terrible investment decisions when we’re losing money. 1:06:29 - How to think rationally about whether to quit your job.1:12:11 - How our sense of identity & tribalism can wreck our ability to revise our beliefs.1:27:53 - Why Daniel Kahneman has a “quitting coach”—and why you should have one, too.1:42:18 - Why it’s invaluable to open your mind to other people’s dissenting views.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESAnnie Duke’s new book, “Quit: The Power of Knowing When to Walk Away.” Annie’s previous bestsellers, “Thinking in Bets” & “How to Decide”William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.William Green’s Twitter.Related Episode: The Mind Of A World Poker Champion W/ Annie Duke - TIP231.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSTake a position daily on potential price movements, and gain exposure while limiting risk with Interactive Brokers.Private assets represent 98% of companies in North America but are absent in most portfolios. Reconstruct your portfolio with private markets with Mackenzie Investments.Build a plan that helps you strengthen your financial security with RBC Wealth Management. RBC capital markets LLC, member NYSE, FINRA, SIPC.Find people with the right experience and invite them to apply to your job. Try ZipRecruiter for FREE today.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.See the potential of your business. Find solutions that work for you, that tick bigger boxes and help you grow with Square.Launch your thing into the spotlight and start selling anywhere with Shopify.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Throw out the old traditions and get progressive. Discover the complete package - smart design, lots to love under the hood with Genesis.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.Whether you’re exploring ways to manage volatility, seeking income and diversification opportunities, or looking for tax management strategies- Invesco has over 200 ETFs to help you meet your financial goals. Visit invesco.com for a prospectus with this information.Get position and investment info for ne
Released:
Oct 16, 2022
Format:
Podcast episode

Titles in the series (100)

We interview and study famous financial billionaires including Warren Buffett and Howard Marks, and teach you what we learn and how you can apply their investment strategies in the stock market.