Self Improvement

Capital Allocators: Annie Duke - Improving Decision Making [Capital Allocators, EP.39]. Annie Duke is a renown public speaker and decision strategist. For two decades, she was one of the top poker players in the world, including winning a World Series of Poker bracelet and the $2 million winner-take-all WSOP Tournament of Champions. Her study of the science of smart decision-making began with a National Science Foundation Fellowship, which she used study Cognitive Psychology at the University of Pennsylvania.  Among her charity work and television appearances, Annie was a runner-up to Joan Rivers on Celebrity Apprentice, during which she raised $700,000 for Refugees International. She is a natural teacher and storyteller with an active mind that constantly searches for accurate truth. I highly recommend Annie’s new book, Thinking in Bets, which comes out this week. In her life after poker, she is a featured speaker, writes a newsletter and a blog, and advises companies on improving their decision-making process. Have a look at her website, annieduke.com, for more information. Our conversation discusses Annie’s path from an Ivy League education to professional poker, the nature of a bet, how we form beliefs, why we make bad decisions, and what we can do to improve our decision-making process. Towards the end, we also talk about bankroll management, poker faces, and advice she would give the President on how to make better decisions.   For more episodes go to CapitalAllocatorsPodcast.com/Podcast Write a review on iTunes Follow Ted on twitter at @tseides Join Ted’s mailing list at CapitalAllocatorsPodcast.com   Show Notes 2:30 – Annie’s path through the poker world  6:05 – Her transition into teaching and the lesson of tilt  11:57 – How do you apply the concepts of betting and gambling broadly to decision making  13:35 – What is it about the science of the brain that prevents us from making good decisions             14:17 – Stumbling on Happiness             14:19 – Dan Gilbert Ted Talk             15:44 – Kluge: The Haphazard Evolution of the Human Mind  18:50 – Motivated reasoning  21:10 – Is there anything we can do to fix our decision-making biases (wanna bet)  28:05 – Other devices to improve our decision-making  32:29 – Value of a decision group             33:16 – Superforecasting: The Art and Science of Prediction 34:00 – Mertonian Norms, CUDOS  40:27 – Mental time travel (Marty McFly from Back to the Future)             42:55 – Jerry Seinfeld – Night Guy vs Morning Guy  44:55 – Applying these tools and the parallels between poker and investing  48:59 – Reading poker faces             49:21 – Joe Navarro books             49:34 – Joe Navarro Psychology Today  52:50 – What advice would Annie give President Trump in terms of improving his decision-making process  53:52 – Favorite sports moment  55:45 – What teaching from Annie’s parents has most stayed with her  56:08 – What information does Annie read that a lot of people might not know about that is valuable             56:18 – The Greatest Show on Earth: The Evidence for Evolution             56:19 – Why Evolution Is True 56:58 – What life lesson does Annie wish she knew earlier in life 58:28 – Looking ahead, what advice would Annie give herself today from a ripe old age

The Tim Ferriss Show: #187: Jocko Willink on Discipline, Leadership, and Overcoming Doubt. "Don't count on motivation; count on discipline." - Jocko Willink Jocko Willink (@jockowillink) is one of the scariest human beings imaginable. He is a lean 230 pounds. He is a Brazilian jiu-jitsu expert who used to tap out 20 Navy SEALs per workout. He is a legend in the Special Operations world. His eyes look through you more than at you. Jocko spent 20 years in the US Navy and commanded SEAL Team 3's task unit Bruiser, the most highly decorated special operations unit in the Iraq War. Upon returning to the US, Jocko served as the officer in charge of training for all West Coast SEAL teams, designing and implementing some of the most challenging and realistic -- and perhaps psychotic -- combat training in the world (his words, not mine). After retiring from the Navy, he co-founded Echelon Front, a leadership and management consulting company and authored the number one New York Times bestseller Extreme Ownership: How US Navy SEALs Lead and Win. Jocko did his first interview ever with me (find it here), and it took the Internet by storm. Now he joins us for round two to answer the questions you've been asking. I hope you enjoy it as much as I did! Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This episode is brought to you by Headspace, the world's most popular meditation app (with more than 4,000,000 users). It's used in more than 150 countries, and many of my closest friends swear by it. Try Headspace's free Take10 program-- 10 minutes of guided meditation a day for 10 days. It's like a warm bath for your mind. Meditation doesn't need to be complicated or expensive, and it's had a huge impact on my life. Try Headspace for free for a few days and see what I mean. This podcast is also brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it's all through smarter software instead of retail locations and bloated sales teams. Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they'll show you -- for free -- exactly the portfolio they'd put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim.

Personal Stories

Fresh Air: Jay Z. Last night Jay Z became the first hip-hop artist to be inducted into the Songwriters Hall of Fame. He spoke with Terry Gross in 2010 about growing up in a housing project in Brooklyn, finding his identity in the recording studio, and misogyny in rap lyrics. Also, film critic David Edelstein reviews 'The Mummy.'

The Tim Ferriss Show: #107: The Scariest Navy SEAL I've Ever Met...And What He Taught Me. Jocko Willink (@jockowillink) is one of the scariest human beings imaginable. He is a lean 230 pounds. He is a Brazilian jiu-jitsu expert who used to tap out 20 Navy SEALs per workout. He is a legend in the Special Operations world. His eyes look through you more than at you. He rarely does interviews, if ever. But a few weeks ago, Jocko ended up staying at my house and we had a caffeinated mind meld. Here's some background... Jocko enlisted in the Navy after high school and spent 20 years in the SEAL Teams, first as an enlisted SEAL operator and then as a SEAL officer. During his second tour in Iraq, he led SEAL Task Unit Bruiser in the Battle of Ramadi--some of the toughest and sustained combat in the SEAL Teams since Vietnam. Under his leadership, Task Unit Bruiser became the most highly decorated Special Operations Unit of the entire war in Iraq and helped bring stability to Ramadi. Jocko was awarded the Bronze Star and a Silver Star. Upon returning to the United States, Jocko served as the Officer-in-Charge of training for all West Coast SEAL Teams, designing and implementing some of the most challenging and realistic combat training in the world. So why is Jocko opening up? Well, in part, we have mutual friends. Second, he is the co-author of an incredible new book — Extreme Ownership: How U.S. Navy SEALs Lead and Win -- which I've been loving. Trust me. Buy it. This is his first mainstream interview and one you won't want to miss. Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service, led by technologists from places like Apple and world-famous investors. It has exploded in popularity in the last 2 years, and now has more than $2.5B under management. In fact, some of my good investor friends in Silicon Valley have millions of their own money in Wealthfront. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you—for free–exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Or, as I would, you can set it and forget it. Well worth a few minutes: wealthfront.com/tim. Mandatory disclaimer: Wealthfront Inc. is an SEC registered Investment Advisor. Investing in securities involves risks, and there is the possibility of losing money. Past performance is no guarantee of future results. Please visit Wealthfront dot com to read their full disclosure. This podcast is also brought to you by 99Designs, the world’s largest marketplace of graphic designers. Did you know I used 99Designs to rapid prototype the cover for The 4-Hour Body? Here are some of the impressive results. Click this link and get a free $99 upgrade. Give it a test run...