This podcast episode explores the insights of Annie Duke, a legendary poker player turned author, on decision making and its application in investing and life. Duke's wisdom, built through years of study and experience, emphasizes the use of pre-commitment devices, generating data points on long-term investments, and the role of mentors. The episode also discusses the challenges of closing feedback loops in venture capital, evaluating investment decisions, and achieving transfer of training. Additionally, the concept of kill criteria and the importance of setting realistic expectations are explored as tools for long-term investors. The episode concludes by highlighting the significance of quitting coaches and getting an outside perspective in decision making.
