
#119 Todd Simkin: Making Better Decisions
The Knowledge Project with Shane Parrish
Navigating Decision-Making in Trading
This chapter explores the intricate landscape of decision-making within trading, focusing on the challenges posed by information asymmetry and cognitive biases. The speakers offer insights on how to effectively leverage available information and develop internal research capabilities while addressing the psychological factors that impact rationality. Additionally, they discuss the balance between personal integrity and group norms, emphasizing the importance of establishing clear rules in a complex decision-making environment.
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