297: Mastering the Decision-Making Process with Business (and World Series of Poker) Champion Annie Duke
09.20.2018 - By BiggerPockets Real Estate Podcast
In today’s epic show, we interview World Series of Poker bracelet champion Annie Duke. Annie is a nationally sought-after speaker who combines her mastery of poker with a study of the cognitive sciences in a truly unique and brilliant way.
In this show, you’ll have your mind blown by Annie’s insights regarding following conventional wisdom (even if it doesn’t make sense), focusing too much on the results (and not enough on the right choice), and accepting a level of uncertainty to gain a HUGE advantage over your competition. Annie’s theories on “thinking in bets” are designed to help others navigate a world where we can’t be certain of an outcome, but still come out on top over time.
This is an absolute can’t-miss episode for those looking for strategies to overcome apprehension, fear, or uncertainty. Be sure to listen to this incredibly brilliant and powerful interview—and get the tools to take your next steps today!
In This Episode We Cover:Annie’s backstory and how she got into professional pokerHer concept of risk managementThoughts on luck and circumstances we have no control overElements of luck versus elements of skillPete Carroll’s endgame decisionThe concept of “resulting”What constitutes a consensus choiceWinning and losing—and caring about your decision-making processThe difference between real estate investing and pokerThe importance of confidence and certaintyWhy one shouldn’t be afraid of losing and being blamedA champion versus a victimAnd SO much more!Links from the ShowBiggerPockets ForumsRoundersBiggerPockets Podcast 074: Buying My First Investment Property- A Newbie Podcast with Jordan, Jacob and JeromieJordan Thibodeau’s Author ProfileScott’s InstagramDavid’s InstagramBiggerPockets Podcast 157: A Simple Morning Ritual to Help You Dominate Every Area of Your Life with Hal ElrodBooks Mentioned in this ShowThinking in Bets by Annie DukeThe Miracle Morning by Hal ElrodThe Geometry of Wealth by Brian PortnoyDecide to Play Great Poker by Annie DukeSuperforecasting by Dan Gardner and Philip E. TetlockExtreme Ownership by Jocko WillinkRadical Candor by Kim ScottThinking, Fast and Slow by Daniel KahnemanThe Signal and the Noise by Nate SilverSet for Life by Scott TrenchTweetable Topics:“Every decision, even small executional decisions all the way to the larger goals, carries risks.” (Tweet This!)“There are no small decisions.” (Tweet This!)“The most important person we need to worry about pointing fingers at is ourselves.” (Tweet This!)Connect with AnnieAnnie Duke’s Personal WebsiteAnnie Duke’s Twitter Profile