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Invest Like the Best with Patrick O'Shaughnessy
Annie Duke – Wanna Bet? - [Invest Like the Best, EP.125]
Conversations with the best investors and business leaders in the world. We explore their ideas, methods, and stories to help you better invest your time and money. Hear stock market and boardroom insights you can't find anywhere else. If you're a professional investor, CEO, entrepreneur, or business strategist, this is for you. Explore all our episodes and learn more at https://www.colossus.com
Show Notes
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My guest this week is with Annie Duke, and the topic of our discussion is how to improve decision making.
We break decisions down into their component parts: values, beliefs, decisions, randomness, and outcomes. After diving into each, we discuss how to make better decisions, how to work in group settings, and how to harness power of tribes and identity to improve our behavior.
Annie has thought about this as much as anyone, and her various tricks for getting us to think in probabilities and to stop evaluating decisions based on outcomes that have been tainted by randomness will be useful for anyone listening.
Please enjoy.
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub.
Follow Patrick on Twitter at @patrick_oshag
Show Notes
(First Question) – Why people don’t take the best investing advice
– Investing tribes
– Jay Van Bavel twitter
– Rule setting as a way of crafting an investment strategy
– How much control do we have in choosing our values
– Anatomy of a decision
– Her concept of resulting
How beliefs impact your decision making
– Tact’s for making the best decision
– Ego and decision making
– People who are exceptional at changing their decision making
– How often do people who change their decision making, stick with the rules of the game
– Finite and Infinite Games
– Psychology of making decision that involves other people
Never close doors on other people
– Best decision that Annie made
– Kindest thing anyone has done for Annie
Learn More
For more episodes go to InvestorFieldGuide.com/podcast.
Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub
Follow Patrick on twitter at @patrick_oshag
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