Episode notes
IN THIS EPISODE, YOU’LL LEARN:
- 12:49 - How Annie Duke got sick, quit academia, & became a professional poker player.
- 18:24 - How poker taught her to “embrace uncertainty” & recognize the limits of what we know.
- 27:26 - How a legendary poker champion taught her to think more rationally about luck & loss.
- 37:45 - Why it’s important to think probabilistically—and how to strengthen this skill.
- 41:49 - How Annie helped a venture capital firm to improve its decision-making process.
- 44:54 - What skills & insights can be transferred from the game of poker to the game of investing.
- 51:36 - Why Annie never owned Bitcoin or NFTs.
- 55:13 - How to develop “kill criteria” that will help you decide when to sell an investment.
- 1:00:31 - Why we tend to make terrible investment decisions when we’re losing money.
- 1:06:29 - How to think rationally about whether to quit your job.
- 1:12:11 - How our sense of identity & tribalism can wreck our ability to revise our beliefs.
- 1:27:53 - Why Daniel Kahneman has a “quitting coach”—and why you should have one, too.
- 1:42:18 - Why it’s invaluable to open your mind to other people’s dissenting views.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Annie Duke’s new book, “Quit: The Power of Knowing When to Walk Away.”
- Annie’s previous bestsellers, “Thinking in Bets” & “How to Decide”
- William Green’s book, “Richer, Wiser, Happier” – read the reviews of this book.
- William Green’s Twitter.
- Related Episode: The Mind Of A World Poker Champion W/ Annie Duke - TIP231.
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