Previous World Series poker champ Annie Duke says poker can teach you a lot about investing, especially when it’s time to make quick decisions (1). “The key skill isn’t certainty.
It’s making good decisions under uncertainty and then changing your mind quickly when new information arrives,” Duke told Market Watch
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Here are some of the mistakes she says bad investors make regularly and what good investors do differently. Don’t confuse good results with good decision-making Beginner investors frequently base their investing decisions on other people’s portfolios, seeking out people who have recently posted big returns. Duke said that can lead you down the wrong path. “A large return in isolation should actually make you suspicious.