The Similarities Between Poker and Stock Investing

The podcast episode explores the similarities between poker and stock investing. The host, Amit Vadha, a former professional poker player, discusses with his guest, Mohit Satyanand, an experienced investor, the parallels between the two and the lessons they hold for life. They agree that both poker and stocks involve making decisions based on probabilities and assessing the odds. They emphasize the importance of not being results-oriented but rather focusing on making the right decisions based on available information. They discuss concepts like being process-oriented, avoiding the sunk cost fallacy, and managing bankroll effectively. They also touch upon other behavioral biases such as the endowment effect, the availability heuristic, recency phenomenon, gamblers fallacy, and loss aversion.