[REPLAY] Annie Duke - Improving Decision Making [Capital Allocators, EP.39]
Capital Allocators – Inside the Institutional Investment Industry
Ted Seides – Allocator and Asset Management Expert
4.7 • 841 Ratings
🗓️ 3 October 2022
⏱️ 65 minutes
🧾️ Download transcript
Summary
Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her study of the science of smart decision-making began with a National Science Foundation Fellowship, which she used study Cognitive Psychology at the University of Pennsylvania. Among her charity work and television appearances, Annie was a runner-up to Joan Rivers on Celebrity Apprentice, during which she raised $700,000 for Refugees International. She is a natural teacher and storyteller with an active mind that constantly searches for accurate truth.
I highly recommend Annie's new book, Thinking in Bets, which comes out this week. In her life after poker, she is a featured speaker, writes a newsletter and a blog, and advises companies on improving their decision-making process. Have a look at her website, annieduke.com, for more information.
Our conversation discusses Annie's path from an Ivy League education to professional poker, the nature of a bet, how we form beliefs, why we make bad decisions, and what we can do to improve our decision-making process. Towards the end, we also talk about bankroll management, poker faces, and advice she would give the President on how to make better decisions.
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Transcript
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| 0:00.0 | Capital allocators is brought to you by my friends at WCM Investment Management. |
| 0:07.5 | To outperform the markets, you have to do something differently from others. |
| 0:11.9 | In my 30-something years investing in managers, there may be no one I've come across who does that as clearly and as well as WCM. |
| 0:20.0 | I've seen it up close as an investor in their |
| 0:22.3 | international growth strategy for the last five years. WCM is a global equity investment manager |
| 0:28.9 | majority owned by its employees. They believe that being based on the West Coast, away from |
| 0:34.7 | the influence of Wall Street Groupthink, provides them with the freedom |
| 0:37.9 | to live out their investment team's core values, think different, and get better. |
| 0:43.7 | As advocates of integrating culture research into the investment process and advancing |
| 0:48.3 | wide moat investing with the concept of moat trajectory, WCM has delivered differentiated returns while building concentrated |
| 0:56.2 | portfolios designed to stand out from the crowd. |
| 1:00.2 | WCM is committed to defying the status quo by dismantling outdated practices, believing |
| 1:06.2 | in the extraordinary capabilities of its people, and fostering optimism to inspire each individual |
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| 1:26.9 | This testimonial is being provided by Ted Sides and capital allocators who have been compensated a flat fee by WCM. His payment was made in connection with capital allocators' testimonial and production of podcasts, and does not depend on the success or level of business generated. The opinions expressed are solely those of capital allocators and may not reflect the opinions of others. Investing involves risk, including the possible loss of principle. Past performance is not indicative of future results. Please visit wcminvest.com for WCM's ADV and further |
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