In this episode, Clay explores the book Thinking in Bets by Annie Duke, a guide to making better decisions under uncertainty.
What you’ll learn here:
00:00:00 - Intro
00:00:51 - Superbowl XLIX
00:05:00 - Downfalls of Resulting
00:08:49 - System 1 vs System 2 Thinking
00:14:21 - We’re all biased
00:18:28 - Updating our beliefs
00:28:09 - Buddy System
00:34:12 - Rashomon Effect
00:41:21 - Combatting Our Emotions
00:45:57 - Additional Tools for Decision Making
00:48:35 - Quitting Criteria — when to sell a stock
00:53:23 - Final hand-off
Transcript & Guest Info: https://www.theinvestorspodcast.com/episodes/thinking-in-bets-by-annie-duke-w-clay-finck/
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▶️ Related Episodes:
- Making Smarter Decisions & Why Great Investors Are Great Quitters w/ Annie Duke: https://youtu.be/84Uisiv6VVI
- A Gambler’s Guide To Investing & Life w/ Annie Duke: https://youtu.be/lIrAtIZcH5o
- The Mind Of A World Poker Champion With Annie Duke: https://youtu.be/_oai85UPacY
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⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
#ThinkinginBets #AnnieDuke #SmarterDecisions #BuddySystem #CombattingOurEmotions