

TIP231: The Mind Of A World Poker Champion w/ Annie Duke (Business Podcast)
Unexpected Career Shift
- Annie Duke's career shift to professional poker wasn't random.
- Illness disrupted her academic career, and her brother suggested poker as a temporary income source.
Resulting Bias
- Resulting is evaluating decisions based on outcomes.
- Good outcomes don't equal good decisions, and vice versa.
The Des Moines Bet
- John Hennigan bet $30,000 he could live in Des Moines for 30 days.
- He forfeited after two days, paying $15,000 to leave.
On today's show, we talk to World Poker Champion, Annie Duke, about how she thinks in bets.
IN THIS EPISODE YOU’LL LEARN:
- Why we should make decisions the same way as making bets
- How to separate the decision and the result and why it’s important
- Why it makes sense to offer the right person $30,000 to spend 30 days in Des Moines (seriously!)
- How to seek the truth together as a group
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Annie's new book: Thinking in Bets
NEW TO THE SHOW?
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
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- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
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