Category Regime Shifts
The conversation delves into the nuances of category regime shifts in investing, highlighting the dangers of redefining beliefs to fit desired outcomes. A compelling story about a cult's unwavering belief in an impending apocalypse illustrates how cognitive flexibility can lead to justification of flawed models. This serves as a cautionary tale for investors to remain vigilant against the temptation to alter definitions to accommodate personal biases.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
[REPLAY] Annie Duke – How to Decide (Capital Allocators, EP.156)
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