A Framework for Better Investment Decision Making

Stansberry Investor Hour

Stansberry Research

America, How, To, Crash, Money, Learn, Stansberry, Income, Research, Debt, Stocks, Porter, Business, Realestate, Banking, Investment, American, Investing, Invest, Howtosave, Sjuggerud, Ferris, Eifrig, Jubilee, Buck, Sexton, Market, Bonds, Churchouse, Savings, Options, Lashmet

4.4 • 677 Ratings

🗓️ 19 November 2020

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

Over the last few years, there's been a few small headlines questioning if value investing is still viable...

Now The Economist has published a new article on value investing that has caught Dan's eye. Dan digs into some popular value metrics and the future of the value investor and on his opening rant.

Then Dan sits down for a conversation with Annie Duke. Annie is a former professional poker player who won over $4 million in poker before retiring in 2012. Today she is an author, corporate speaker, and consultant in the decision-making space.

Annie and Dan talk at great length about her latest book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts. Annie provides the listeners with a framework for making better decisions and producing more consistent investment results.

Annie says by shifting your thinking from a need for certainty to a goal of accurately assessing what you know and what you don't, you'll be less vulnerable to reactive emotions, knee-jerk biases, and destructive habits in your decision making... something every investor needs to master.

And finally, on this week's mailbag, Dan answers questions about DRIP investing and entering the crypto space for the first time...

But turns out tensions are still high from last week's episode. Today, two different listeners write it accusing Dan of being unpatriotic.

Listen to Dan's full rebuttal and more on this week's episode. And check out our other podcast: American Consequences with Trish Regan: https://americanconsequences.com/podcast/

Transcript

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0:00.0	Broadcasting from the Investor Hour Studios and all around the world, you're listening to the Stansberry Investor Hour.
0:11.5	Tune in each Thursday on iTunes, Google Play, and everywhere you find podcasts for the latest episodes of the Stansberry Investor Hour.
0:20.1	Sign up for the free show archive at InvestorHour.com.
0:23.6	Here's your host, Dan Ferris.
0:25.6	Hello and welcome to the Stansberry Investor Hour.
0:28.6	I'm your host, Dan Ferris.
0:30.6	I'm also the editor of Extreme Value published by Stansberry Research.
0:34.6	Before we get into today's episode, don't forget, Trish Regan is now a part of the Stansberry Research. Before we get into today's episode, don't forget.
0:38.3	Trish Regan is now a part of the Stansberry family.
0:42.3	Check out her podcast, American Consequences with Trish Regan.
0:46.3	The link will be in the description of this episode.
0:50.3	As for today, we'll talk with Annie Duke, the champion poker player and author.
0:55.5	She has a brand new book out called How to Decide.
0:58.6	We'll talk about that today.
1:00.7	This week in the mailbag, not one but two listeners suggest I'm not patriotic enough.
1:07.6	Plus questions about drips and Bitcoin.
1:15.3	In my opening rant this week, the economist signals on value investing. It's the economist signal, man. We'll get into that. And I'll also talk about
1:22.6	some other research I've looked at this week. That and more right now on the Stansberry Investor Hour.
1:32.4	Does value investing still work, the economist asks in their November 14th edition?
1:40.0	And the reason I noticed that, I've seen so many of these articles about value investing,
1:45.8	probably a couple dozen over the last couple of years.
1:48.9	So they're becoming quite commonplace because value has performed poorly over the last decade,
	...

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