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

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.


• 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.
  

NEW TO THE SHOW?

• Check out our We Study Billionaires Starter Packs.


• Browse through all our episodes (complete with transcripts) here.


• Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.


• Enjoy exclusive perks from our favorite Apps and Services.


• Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
  


• Learn how to better start, manage, and grow your business with the best business podcasts. 
  

SPONSORS

Support our free podcast by supporting our sponsors:

• Bluehost


• Fintool


• PrizePicks


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• Onramp


• SimpleMining


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• TurboTax

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