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All In: The Intersection of Poker and Investing with Annie Duke
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In this episode of Speaking of Quality: Wealth Management Insights with Hank Smith by Haverford Trust, your host Hank Smith sits down with Annie Duke, former professional poker player, World Series of Poker winner and an esteemed author and speaker on decision science.
Hank and Annie delve into the similarities of poker and investment management and the role that cognitive behavior plays in both. What can investors learn from poker? When should you walk away from an investment? What is a sound decision?
The same thinking Annie used to win at poker can be used when making investing decisions, including the need to understand overconfidence and confirmation bias to make better choices and how the desire for certainty is a dangerous strategy when it comes to reaching our goals. Annie highlights that people tend to blame losses on luck, fold their hand too late or pull out too early, and believe quitters are losers. This episode will prove to you why quitters are sometimes winners and what strategies will help you win more.
To learn more about The Haverford Trust Company, please visit https://haverfordquality.com/.
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