RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
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The Gamble of Investing: Strategies from Poker to Market
This chapter examines how skills from poker can enhance investment decision-making, particularly in understanding probabilities and managing risks. It discusses the importance of having a structured approach to selling assets and the impact of cognitive biases on investors' choices, emphasizing the need for pre-commitment strategies to avoid emotional decisions. Personal experiences with investment losses illustrate the challenges faced when combating biases like loss aversion and the sunk cost fallacy.
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