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canada goose clearance David: What up everybody this is DavidGreene here with Scott Trench, yourco host for the BiggerPockets podcasttoday. You are in for a treat. We hadone of the most exceptional mind blowingconversations I ever had in my lifewith World Series of Poker braceletchampion Annie Duke. I don evenknow how to describe how good this showis, but you guys are in for a treat. This is the kind of thinking thatI tried to apply over the course thelast few years, but when I read her bookand found it articulated, the way thatshe wrote it. I was like, exactly, this isexactly what I been striving for andthese are all the things I need to do toget to this way of thinking andapproaching business in life for mybenefit. canada goose canada goose coats on sale clearance
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canada goose uk outlet Scott: Awesome. canada goose store Well Annie,could you maybe let start from thebeginning. Can we hear a little bit aboutyour career in poker and kind of maybegive us some highlights or a story or twothat you think is relevant to thedecision making process we going to talkabout. canada goose uk outlet
canada goose factory sale Annie: I started off my life actuallyin a pretty traditional way. I went toColumbia Undergrad. I thought, I going tostart playing poker in the meantime,until I can get back out on the academicjob market. The time is like sortof joke turned into 20 years. I playedfor 18 years actually as a professionalpoker player. In canada goose clearance 2012 I fully retired andstarted really focusing full time on thework that resulted in the bookThinkingImpacts. a friend ofmine got asked to speak to a group ofoptions traders about decision making atrisk in particular. He just really,really hates it. He actually told theperson, you should have Annie do itbecause Annie used to teach when she wasin graduate school. Because you would teachundergraduate classes as a graduatestudent and so canada goose clearance sale she actually knows how toteach and you should have her come anddo it. I was like,okay, I didn even know that was thething that people did, but okay I godo that. I got up and I spoke infront of those administrator in 2002and totally loved it. It Canada Goose Outlet was reminded of whyI loved being in academics. It feltlike this really beautiful collision ofthe academic work I was doing with thereal world decision making problem thatpoker presents. canada goose factory sale
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Canada Goose sale Annie: I got asked to comeand talk about risk management. That what they really wanted me totalk about. The way that I thinkabout risk in poker isyou have some sort of estimate of whatyour edges. In other words,what percentage advantage do youhave? You know how much money that youhave to put at risk given thatpercentage advantage. Then that kindof determines how much total money youneed in terms of each individual thebest investment. I could have Canada Goose sale talkedabout that, but I felt like there werelots of people who can talk about thatvery eloquently. Canada Goose sale
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The bad side is that youget really emotionally yanked around, soyou seeing your path, right. What goes along withbeing emotionally lit up is that veryoften that has very negative effects onyour decision making.