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RWH015: Betting Better in Markets & Life w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
The Tribe Is Overwhelmed, Right?
When people hold a particular belief, if you fact check them, they will change their belief a little bit but it's completely overwhelmed. And we're talking an order of magnitude overwhelmed by the tribe. You see this with like doomsday cults, right? Like they literally predict like the world's going to end on December 20th. And then December 20th, the world doesn't end. Are they all fleeing the cult? No, right? Because again, this is their identity. It's their tribe.
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