RWH015: Betting Better in Markets & Life w/ Annie Duke

<p><strong>IN THIS EPISODE, YOU’LL LEARN:</strong></p><ul><li>12:49 - How Annie Duke got sick, quit academia, &amp; became a professional poker player.</li><li>18:24 - How poker taught her to “embrace uncertainty” &amp; recognize the limits of what we know.</li><li>27:26 - How a legendary poker champion taught her to think more rationally about luck &amp; loss.</li><li>37:45 - Why it’s important to think probabilistically—and how to strengthen this skill.</li><li>41:49 - How Annie helped a venture capital firm to improve its decision-making process.</li><li>44:54 - What skills &amp; insights can be transferred from the game of poker to the game of investing.</li><li>51:36 - Why Annie never owned Bitcoin or NFTs.</li><li>55:13 - How to develop “kill criteria” that will help you decide when to sell an investment.</li><li>1:00:31 - Why we tend to make terrible investment decisions when we’re losing money.&nbsp;</li><li>1:06:29 - How to think rationally about whether to quit your job<strong>.</strong></li><li>1:12:11 - How our sense of identity &amp; tribalism can wreck our ability to revise our beliefs.</li><li>1:27:53 - Why Daniel Kahneman has a “quitting coach”—and why you should have one, too.</li><li>1:42:18 - Why it’s invaluable to open your mind to other people’s dissenting views.</li></ul><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Annie Duke’s new book, <a href="https://www.amazon.com/Quit-Power-Knowing-When-Walk/dp/0593422996?crid=1GWBSUV51WQWL&amp;keywords=annie+duke+quit&amp;qid=1665180356&amp;qu=eyJxc2MiOiIxLjczIiwicXNhIjoiMS42OSIsInFzcCI6IjEuODIifQ%3D%3D&amp;sprefix=annie+duke%2Caps%2C101&amp;sr=8-1&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=3c42d9a1805b925f203759a1553273cc&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>“Quit: The Power of Knowing When to Walk Away.”</strong></a>&nbsp;</li><li>Annie’s pre