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Afford Anything | Make Smart Money Choices

The Art of Decision-Making, with Annie Duke

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 14 October 2020

⏱️ 78 minutes

🧾️ Download transcript

Summary

#281: Annie Duke, best-selling author of Thinking In Bets and former world champion poker professional, discusses the decision making strategies and tools outlined in her new book, How to Decide. Learn how to make quicker decisions, overcome hindsight bias, make decisions with incomplete information, and improve your decision making skills. For more information, visit the show notes at https://affordanything.com/episode281 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.7

Every choice that you make is a trade-off against something else and that doesn't just

0:13.6

apply to your money that applies to any limited resource that you have to manage, like

0:17.8

your energy, your attention, your focus, your time.

0:21.6

And that opens up two questions.

0:23.4

Number one, what matters most?

0:25.7

And number two, how do you make decisions that reflect that?

0:29.9

Answering these two questions is a lifetime practice.

0:32.2

And that is what this podcast is here to explore.

0:34.3

My name is Paula Pant.

0:35.3

I am the host of the Afford Anything Podcast.

0:37.6

And speaking of that second question, how to make better decisions, decisions that reflect

0:42.2

your priorities.

0:43.5

We have with us today an expert in decision-making, former professional poker player, Annie Duke.

0:50.3

Annie is here to discuss a topic that almost everyone can resonate with, which is, you know

0:54.5

how there are times when you beat yourself up because of a decision that you made in the

0:59.1

past.

1:00.3

And you tell yourself, man, I should have seen it coming.

1:02.9

I should have known.

1:04.9

Annie is here to discuss why that is fallacious thinking and what we can do starting today

1:12.1

to make better decisions in the future and to make our decision-making process more explicit,

1:18.4

more thoughtful and more of truly a process.

...

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