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RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
Is There a Loss Aversion?
In poker, there were things I had like if good bad players got up and good players sat down instead. This is what Daniel Kahneman calls, sure loss aversion. And we better set up some things in advance that stop us from doing that. So like many people, I'm nursing some losses on individual stocks at the moment. The most comically awful of them is Alibaba, this Chinese company, which I looked at this morning and I'm down 59%.
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