Annie Duke, is a former professional poker player and world champion. Annie authored the brilliant ‘Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts’, and has a new book out called ‘How to Decide: Simple Tools for Making Better Choices’.
There are a host of different factors which lead to great trading and investing performance, but at the end of the day, we live and die by the quality of the decisions, we make. It is ‘Where the Money Is!’.
Our ability to make good quality decisions in financial markets is heavily compromised by our inability to be truly objective in the face of the extreme complexity, uncertainty and randomness. What we think is the best decision in the moment, doesn’t necessarily yield the best outcome.
The world of Poker provides some great examples of how to make decisions in situations characterised by complexity, uncertainty and randomness.
In this interview we explore these themes with Annie, some of the topics touched upon include:
• Identifying and dismantling our hidden biases.
• Extract the highest quality feedback from the markets.
• Accurately identifying the influence of luck in the outcome of your decisions.
• When to decide fast, when to decide slow, and when to decide in advance.
• How to make decisions that more effectively help you to realize your goals and improve your performance.
• How to better manage your emotions and reduce their undue influence in your decision-making process.
We are pretty sure you will find Annie’s reflections extremely valuable. You can find out more about Annie at https://www.annieduke.com/
Listen to a soundbite from this episode
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The AlphaMind Podcast
The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall, market veterans with over seven decades between them in the financial markets. The podcast delves into the lives and stories of extraordinary guests whose experiences provide a fresh and powerful lens through which to understand the mental, emotional, psychological and behavioural challenges people face when encountering risk and uncertainty in financial markets. To find out more visit the AlphaMind podcast website. The AlphaMind Podcast is produced in partnership with 'The Society of Technical Analysts'.
The AlphaMind Trader Performance Coaching Programme
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The AlphaMind Podcast
The AlphaMind podcast is co-hosted by Steven Goldstein and Mark Randall, market veterans with over seven decades between them in the financial markets. The podcast delves into the lives and stories of extraordinary guests whose experiences provide a fresh and powerful lens through which to understand the mental, emotional, psychological and behavioural challenges people face when encountering risk and uncertainty in financial markets. To find out more visit the AlphaMind podcast website. The AlphaMind Podcast is produced in partnership with 'The Society of Technical Analysts'.
The AlphaMind Trader Performance Coaching Programme
Our powerful Trader Performance Coaching Programme focuses on helping people develop and improve the key risk skills, abilities and mindsets which contribute to trading performance mastery.
This programme makes use of our unique and powerful ‘Human Alpha Performance Model’ which helps illuminate the human aspects of the risk process as people navigate their way through the Financial Markets. The model helps people make sense of their behaviours when taking and managing risk in the financial markets, whilst the coaching helps people to make key changes and adjustments which drives growth in risk capability and personal performance.
This programme has been delivered over the past 10 years to people at many of the world’s leading trading and investment firms.
Click here to find our more about the programme, or email info@alpharcubed.com.
AlphaMind partner with AlphaRCubed to deliver the Coaching Programme. - AlphaRCubed provide a suite of Training, Development and Coaching programmes aimed at Trading and Investment businesses. View their flip brochure here to find out more about their work.
The AlphaMind Project and Newsletter
The AlphaMind project is a collaboration between AlphaRCubed Ltd and the Mark Randall Consultancy. Its aim is to explore, understand, educate and inform about the key factors which lead to successful trading and investment performance at the human level.
We work with many businesses in the Trading and Investment Industry to help them and their people improve their 'Risk Capability'. Our clients are some of the leaders in the trading world, including names such as Bank of America, Cargill, RBS, Balyasny Asset Management amongst many others. If you would be interested to know more about us and how we could help your business. Please email steven.goldstein@alpharcubed.com.
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