Annie Duke on Better Investing and the Danger of Grit

Annie Duke on Better Investing and the Danger of Grit

In Episode 406, David and Camden visit with Annie Duke about how to better manage our investment portfolios including when and what to sell. We also discuss a number of behavioral finance topics such as mental accounting, sunk costs, and goal myopia.

Annie Duke is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book, Quit: The Power of Knowing When to Walk Away, was released on October 4, 2022. Her previous book, Thinking in Bets, is a national bestseller, and is highly influential on the investing philosophy of Money for the Rest of Us.

As a former professional poker player, she has won more than $4 million in tournament poker, won a World Series of Poker Bracelet and is the only woman to have won the World Series of Poker Tournament of Champions and the NBC National Poker Heads-Up Championship. She retired from the game in 2012.

Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania.

These days, Annie loves to dive deep into decision-making under uncertainty. As can be seen from her new book, her latest obsession is the topic of quitting.


For more information on this episode click here.

Sponsor

LinkedIn – Post your job for free

Show Notes

Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke

Quit: The Power of Knowing When to Walk Away by Annie Duke






See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(571)

How Much Should Your Net Worth Grow Each Year?

How Much Should Your Net Worth Grow Each Year?

The intricate dance between profession, risk, lifestyle, and luck in determining how net worth grows.Topics covered include:The various factors that shape the growth of net worth, including profession...

10 Jan 202426min

Should You Be Invested 100% Stocks Before and During Retirement? A Recent Study Says Yes

Should You Be Invested 100% Stocks Before and During Retirement? A Recent Study Says Yes

The pros and cons of investing your retirement assets 100% in equity, including half in international stocks. Why the 4% spending rule is too aggressive.Why historical asset class return studies that ...

3 Jan 202425min

Listener Q&A on Investing and Living

Listener Q&A on Investing and Living

We close out 2023 by answering your questions on active vs passive management, market timing, investing for status, what we learned from Charlie Munger, thoughts on a coming recession, worst investmen...

13 Des 202344min

Dissecting Stock Returns: Financial Engineering or Genuine Growth?

Dissecting Stock Returns: Financial Engineering or Genuine Growth?

Do the impressive returns in public and private markets stem from strategic financial engineering or reflect actual economic growth?How corporate profit growth is linked to economic growth, even thoug...

6 Des 202327min

AI's Fork in the Road: Societal Bliss or Existential Threat?

AI's Fork in the Road: Societal Bliss or Existential Threat?

One year after the release of ChatGPT, we explore the positive and negative paths AI could take and what individuals can do to assist with a positive outcome.Topics covered include:How David uses AI t...

29 Nov 202324min

Using a Checklist Approach To Investing - The Money for the Rest of Us Philosophy

Using a Checklist Approach To Investing - The Money for the Rest of Us Philosophy

In this bonus episode, David visits with Bill Yount and Becky Heptig of the Catching Up to Fi podcast in a wide-ranging discussion on investing using a systematic checklist approach.SponsorsMadison Tr...

22 Nov 20231h 18min

Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

Is Tourism Harmful or Helpful? The Economic and Cultural Impact of Global Travel

What are the economic and cultural benefits of tourism. What are the downsides to too much tourism. How to find the right balance.Topics covered include:How short-term rentals have changed tourismHow ...

15 Nov 202326min

Easier Investing, Richer Life: TIPS Ladders to Annuities

Easier Investing, Richer Life: TIPS Ladders to Annuities

What are the pros and cons of partially funding retirement expenses with an inflation-indexed bond ladder versus an immediate annuity? There is a big downside to TIPS ladders that many investors don't...

8 Nov 202327min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
utbytte
rss-markedspuls-2
liberal-halvtime
pengesnakk
livet-pa-veien-med-jan-erik-larssen
morgenkaffen-med-finansavisen
rss-pa-konto
lederpodden
rss-fa-makro
rss-investering-gjort-enkelt
rss-politisk-preik