In this episode, Shane shares about lessons learned from a book by Annie Duke and how she shares about how as spectators looking in we don't see the significance of the decision making process involved but only see the outcome and whether we failed or succeeded. He also discusses the significance of having a decision-making framework, the importance of thinking in terms of probabilities, and understanding that there are risks that are just outside of our control
[00:01 - 13:15] Perspectives and Decision Making
[13:16 - 14:11] Closing Segment
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Tweetable Quote:
" I think because of the way that there's so many variables going on in the world that we live in right now, there's going to be people that are very smart investors that just get caught and that's just reality. " - Shane Melanson
Resources mentioned in this episode:
Thinking In Bets - Making Smarter Decisions When You Don't Have all the Facts by Annie Duke
