How to make better investing and life decisions. Photo by Michał Parzuchowski In this episode you’ll learn: What is the difference between chess and poker.Why we need to separate the decision process from the outcome.How to improve the quality of our investment decisions.What are are wu-wei and qi and what role do they play in better decision making. Show Notes Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts by Annie Duke Thinking Fast and Slow … [Read more...]
138: Should You Sell Your Stocks Before Trump Takes Office?
How to make decisions in the face of uncertainty and why deciding to sell stocks should be based on feelings of regret rather than gut feelings about what we think will happen with financial markets and the economy. Photo by Matt Johnson In this episode you'll learn: What are the heuristics or rules of thumbs we use to make predictions. What is the availability heuristic. What is hindsight bias. How we make investment decisions based on regret and risk aversion. Do … [Read more...]
