The Knowledge Project with Shane Parrish cover image

#119 Todd Simkin: Making Better Decisions

The Knowledge Project with Shane Parrish

CHAPTER

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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