IN THIS EPISODE, YOU’LL LEARN:

• Why we should make decisions the same way as making bets
• How to separate the decision and the result and why it’s important
• Why it makes sense to offer the right person $30,000 to spend 30 days in Des Moines (seriously!)
• How to seek the truth together as a group

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  0:02  

On today’s show, we’re extremely excited to bring you a fascinating discussion. Our guest, Annie Duke, is a master of cognitive psychology and probabilities. In fact, after completing a double major in English and Psychology from Columbia University, she was awarded a National Science Foundation fellowship to study cognitive psychology at UPenn. 

For people familiar with Annie, they already know she’s a world-renowned poker player for two decades and has won countless titles, the World Series of Poker and numerous championships. She is also the best-selling author of “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts.” 

She’s been a keynote speaker for executive staff at Marriott, Citibank, and many Fortune 500 companies. On today’s show, we dig into Annie’s methodology for decision making, how she tries to understand the odds of what appears to be improbable situations. 

Without further delay, we bring you this insightful discussion with the one and only Annie Duke.

Intro  1:04  

You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected.

Stig Brodersen  1:24  

Alright guys, we are here today with Annie Duke to talk about her new book, “Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts.” 

I have to say, as I told Annie just before the interview, I am a little starstruck here. Thank you so much for coming on the show, Annie.

Annie Duke  1:38  

Well, thank you for having me. I’m excited to talk about some ideas.

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