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)

Worry-Free Retirement Investing

Worry-Free Retirement Investing

How to use laddered inflation-indexed bonds (i.e., TIPS), CDs, fixed annuities, and fixed index annuities to meet retirement living expenses while worrying less about running out of money.Topics cover...

26 Okt 202224min

When Volatility Spikes, Financial Things Break - The Case of UK Gilts and Pensions

When Volatility Spikes, Financial Things Break - The Case of UK Gilts and Pensions

What is volatility and what causes it to rise and fall? How volatility itself contributes to more volatility such as in the example of the chaotic UK government bond market where long-term yields have...

12 Okt 202230min

Why Is the U.S. Dollar So Strong? Will It Continue?

Why Is the U.S. Dollar So Strong? Will It Continue?

What has caused the U.S. dollar's currency exchange rate to be the strongest in twenty years? How a strong dollar leads to slower global economic growth and falling asset prices.Topics covered include...

28 Sep 202230min

The Pandemic Might Be "Over," but Not the Repercussions

The Pandemic Might Be "Over," but Not the Repercussions

How risk perceptions and actions have changed over several years of the pandemic. How the pandemic's impacts continue to affect politics, the economy, financial markets, how we invest, and our persona...

21 Sep 202228min

Why Student Debt Is So High and  Why Forgiving It Doesn't Fix the Problem

Why Student Debt Is So High and Why Forgiving It Doesn't Fix the Problem

What are the drivers that lead to higher student loan balances? Why a one-time student loan forgiveness program doesn't solve the problem of increasing student debt. What are some more viable longer-t...

14 Sep 202225min

Why Diversifying Your Portfolio Feels So Awful

Why Diversifying Your Portfolio Feels So Awful

Warren Buffet said, "Diversification makes very little sense for anyone that knows what they’re doing." He also said, "Diversification is a protection against ignorance..." Most of us need that protec...

7 Sep 202226min

What If High Inflation Doesn't End? How To Invest If High Inflation Stays

What If High Inflation Doesn't End? How To Invest If High Inflation Stays

How economic wars, pandemics, and worker shortages could lead to years of high structural inflation. What needs to happen to avoid this dire inflation scenario.Topics covered include:What are the thre...

31 Aug 202225min

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
livet-pa-veien-med-jan-erik-larssen
utbytte
morgenkaffen-med-finansavisen
rss-markedspuls-2
lederpodden
pengesnakk
rss-pa-konto
liberal-halvtime
rss-fa-makro
rss-investering-gjort-enkelt
boligbobla