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121: Michael Mauboussin – Tactics for Better Decision Making, and Skill Versus Luck

Chat With Traders

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How to Judge the Quality of Your Decisions

Michael Wolraich: As individuals, we often don't make the best decisions. He says if you're in a probabilistic field, focus should really be on process of your decision-making. "The best way to try to audit the quality of your decisions is to document how you thought about it," he says.

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