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Quote by Annie Duke

“There is always opportunity cost in choosing one path over others. The betting elements of decisions—choice, probability, risk, etc.—are more obvious in some situations than others. Investments are clearly bets. A decision about a stock (buy, don’t buy, sell, hold, not to mention esoteric investment options) involves a choice about the best use of financial resources. Incomplete information and factors outside of our control make all our investment choices uncertain. We evaluate what we can, figure out what we think will maximize our investment money, and execute. Deciding not to invest or not to sell a stock, likewise, is a bet. These are the same decisions I make during a hand of poker: fold, check, call, bet, or raise.”

Quote by Annie Duke

Book:Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
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Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts

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Annie Duke
Annie Duke

Annie Duke, born on September 13, 1965, is a talented American actress with a diverse career spanning film, television, and theater. Known for her unique acting style and versatile character choices, Duke has delivered memorable performances that have left a lasting impression on audiences. more

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