Invest Like the Best with Patrick O'Shaughnessy Annie Duke – Wanna Bet? - [Invest Like the Best, EP.125]
42 snips
Mar 19, 2019 
Annie Duke, a world champion poker player and decision-making authority, shares her insights on improving decision-making in high-stakes scenarios. She breaks down decision components like values and beliefs, emphasizing the importance of evaluating the decision process over outcomes. Duke discusses the power of identity and group dynamics, revealing how group influence can shape individual choices. With practical strategies for self-reflection and cognitive bias reduction, listeners gain tools to enhance their decision quality and foster personal growth.
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Ignoring Good Advice
- People often ignore sound investing advice, like passive investing.
- This can be due to a lack of tribal identity and clear rules.
Rules as Automation
- Rules help automate decisions, like being vegan simplifies food choices.
- This prevents repeated decision-making and reduces mistakes.
Identify Your Values
- Identify your values to craft better rules.
- Values inform goals and rules, guiding actions and decisions.
