People sometimes say that life is like a game of chess. Annie Duke, a former professional poker player wrote a book called “Thinking in Bets” where she postulates that life is more like a game of poker.
In this episode, we hear a clip from the James Altucher show where James is talking to Annie Duke about her recent book “Thinking in Bets”. Annie Duke is a former professional poker player and was one of the best in the world, having won a World Series of Poker bracelet and winning multiple tournaments. Her book “Thinking in Bets” is one of the best books that I (Wang) have read in recent years and in this episode, we talk about some of the key takeaways of the book and other fascinating subjects such as:
- Why Wang enjoys getting together with Shawn
- Shawn and Wang think about how they first heard of James Altucher
- Shawn and Wang laugh about 50 cent’s decision to sell his album through bitcoin
- “Wanna bet?” – why this question can help us make better decision
- We hear a clip from Annie Duke on the James Altucher show about Ryan Holiday and getting inspired from Ryan Holiday’s work
- Do risks and uncertainty hinder action from decision makers? Shawn and Wang shares their thoughts on this question
- Wang shares a story from the book about the Seahawks vs. Patriots Superbowl play made by Pete Caroll
- The concept of ‘resulting’ and why it’s not the right way to make or justify a decision
- Wang shares a concept called Plus Minus Equals from James Altucher and Shawn talks about why he disagrees with this and what to do instead
- We switch into the topic of management and team leadership – Shawn and Wang share their thoughts on the traits of good managers and leaders
Want to learn more about how we think about managing, leading, consulting, innovation and strategy? Does Shawn secretly hate James Altucher? Let us know on Twitter. And if you’re looking for more insights from Shawn and Wang, DM @wangyip with your e-mail to subscribe to The Remix newsletter – it’s where we take the best articles, quotes and stories we have heard and share them with you.
Subscribe to our podcast The Remix with Shawn and Wang on Google Play, Stitcher, iTunes or your favourite podcast player. Rate and review us on iTunes – your ratings and reviews help us improve the podcast and expose us to new listeners.
@shawnkanungo and @wangyip