In this podcast episode, the hosts discuss the book "Thinking in Bets" by Annie Duke. They introduce the book and its author, highlighting Duke's background as a professional poker player and her expertise in decision strategy. The hosts then share their initial impressions of the book, with one host mentioning how it changed their perspective on decision-making as a form of betting. They discuss the concept of resulting and how it can impact decision-making, as well as the importance of evaluating the process rather than just the outcome. The hosts also discuss the value of uncertainty and the need to embrace it in decision-making. They mention various cognitive biases discussed in the book, such as loss aversion and temporal discounting, and how they can impact decision-making. The hosts share examples of decisions they have made differently since reading the book, such as changing morning routines and being more aware of biases in client interactions. They also discuss the value of having a diverse group of perspectives to challenge biases and improve decision-making. The hosts conclude by discussing the overall value of the book and its applicability to various aspects of life.
What is Barenaked Money?
Slip into something more comfortable and delve into personal finance with Josh Sheluk and Colin White, experienced portfolio managers at Verecan Capital Management. Each episode demystifies complex financial topics, stripping them to their bare essentials. From investment strategies and financial planning to economic headlines and philanthropic giving, delivered with a blend of insight, transparency, and a touch of humour. Perfect for anyone looking to understand and navigate their financial future with confidence. Subscribe now to stay informed, empowered, and entertained.
Verecan Capital Management Inc. is registered as a Portfolio Manager in all provinces in Canada except Manitoba.