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RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
How to Make Good Decisions in the Heat of the Moment
I think one of the really important insights is that when you're actually in the heat of the moment, your emotions kind of go haywire and your rationality just isn't great. So write it down in advance and it's what I call kill criteria. My friend Ken Schubenstein has a mnemonic called PS to remind him of those states. And he could see, for example, when he was really stressed or when he was scared, he had a four day old newborn child and he moved into a hotel room to keep his child and his wife safe.
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