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Making Better Investment and Life Decisions - Episode 203 Remastered

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Manage episode 434208472 series 2137790
Content provided by Money For the Rest of Us and J. David Stein. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money For the Rest of Us and J. David Stein or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.

Topics covered include:

  • What is the difference between chess and poker.
  • Why we need to separate the decision process from the outcome.
  • How to improve the quality of our investment decisions.
  • What are are wu-wei and qi and what role do they play in better decision making.

Sponsors

Delete Me – Use code David20 to get 20% off

Betterment - the automated investing and savings app

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter

Our Premium Products

Asset Camp

Money for the Rest of Us Plus

Show Notes

Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke

Thinking Fast and Slow by Daniel Kahneman

The Tao of Pooh by Benjamin Hoff

Trying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward Slingerland

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

508 episodes

Artwork
iconShare
 
Manage episode 434208472 series 2137790
Content provided by Money For the Rest of Us and J. David Stein. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Money For the Rest of Us and J. David Stein or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.

Topics covered include:

  • What is the difference between chess and poker.
  • Why we need to separate the decision process from the outcome.
  • How to improve the quality of our investment decisions.
  • What are are wu-wei and qi and what role do they play in better decision making.

Sponsors

Delete Me – Use code David20 to get 20% off

Betterment - the automated investing and savings app

Insiders Guide Email Newsletter

Get our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter

Our Premium Products

Asset Camp

Money for the Rest of Us Plus

Show Notes

Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke

Thinking Fast and Slow by Daniel Kahneman

The Tao of Pooh by Benjamin Hoff

Trying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward Slingerland

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

508 episodes

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