This week, we release one of David's favorite episodes from six years ago, Episode 203: Is Investing More Like Poker or Chess.Topics covered include:What is the difference between chess and poker.Why we need to separate the decision process from the outcome.How to improve the quality of our investment decisions.What are are wu-wei and qi and what role do they play in better decision making.SponsorsDelete Me – Use code David20 to get 20% offBetterment - the automated investing and savings appInsiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletterOur Premium ProductsAsset CampMoney for the Rest of Us PlusShow NotesThinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie DukeThinking Fast and Slow by Daniel KahnemanThe Tao of Pooh by Benjamin HoffTrying Not to Try: Ancient China, Modern Science, and the Power of Spontaneity by Edward SlingerlandSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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