RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
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Navigating Investment Decisions: The Role of Cognitive Biases
This chapter explores the impact of cognitive biases on decision-making in investment scenarios, emphasizing the creation of 'kill criteria' to guide investors on when to exit poor positions. It discusses the importance of obtaining diverse perspectives and having objective advisors, or 'quitting coaches,' to avoid emotional pitfalls. The conversation also highlights the need for flexibility in investment strategies and the value of mentorship in personal and professional growth.
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