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Annie Duke

12 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jan 11, 2021 by Annie Duke · said 19 times in 13 episodes since 2019 · across every show →

On the record as a speaker too: Annie Duke's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (5), Jeff Jordan (3), Bill Gurley (2), Oren Zeev (1), Mike Maples (1), Logan Bartlett (1), Kyle Norton (1), David Frankel (1)

tap a year for its mentions
00326320192020202120222023202420252026episodesmentions
02320192020202120222023202420252026episodes it came up in
001.51.53320192020202120222023202420252026episodesmentions per episode
2026 1 mention in 1 episode
2025 1 mention in 1 episode
2024 1 mention in 1 episode
2023 4 mentions in 3 episodes 1 per episode
2022 3 mentions in 3 episodes 1 per episode
2021 3 mentions in 2 episodes 2 per episode
2019 6 mentions in 2 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Annie Duke, oldest first

Jan 11, 2021
Insight
Duke: Investors should track lost deals identically to won deals
“Right, if you win a deal or you don't win a deal, it's the same thing, because you wanted to win the deal, so you should treat those companies identically.”
Annie Duke Jan 11, 2021 ▶ 29:17 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Move fast when decision reversal costs are low
“If the cost to change our mind is low, then you should just kind of move fast, because it's actually a really good way to build information and actually build those good models, right, is just to interact with the world.”
Annie Duke Jan 11, 2021 ▶ 11:26 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Investors prioritize risk calculation over expected value
“I think the biggest misconception about risk is that, this is going to be kind of weird, is people spend a lot of time trying to calculate their risk, but they don't think enough about whether they actually... Have the expected value, right? Like, are they win…”
Annie Duke Jan 11, 2021 ▶ 34:01 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Assertion Not checkable as stated
Duke: 1990s poker required less skill due to wider informational edge
“So the gap between the people who like understood the game and knew the game and everybody else was so wide that as a professional, you didn't need to be nearly as good then as you would need to be now in order to win.”
Annie Duke Jan 11, 2021 ▶ 7:20 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Disclosure
Duke: My stock portfolio is indexed and angel deals follow leads
“My stock portfolio is indexed because there's people who spend every single day trading in that market, and I hardly think that I'm smarter than them. And I think that's true of venture as well. So I have done angel investing, but it's always a long So I'm rea…”
Annie Duke Jan 11, 2021 ▶ 35:49 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Most decisions assumed to be irreversible are actually reversible
“A lot of decisions that we think are irreversible are actually reversible.”
Annie Duke Jan 11, 2021 ▶ 9:23 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Rating component parts before overall categories reduces decision bias
“When you break it down into component parts, and you rate those component parts first, before you rate the broader category, that this actually helps to discipline bias and noise”
Annie Duke Jan 11, 2021 ▶ 17:18 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Investors must take exploratory meetings on high-failure deals
“You always have to have some exploratory lines open, right? You have to say, I'm specifically going to take some meetings, like I'm going to do some deck reviews, I'm going to take some meetings with people that I think are going to be really bad because that'…”
Annie Duke Jan 11, 2021 ▶ 29:50 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Working independently yields better feedback than group discussions
“Nominal groups, which are groups of individuals working alone, tend to do better in terms of eliciting the, Feedback and opinions or even brainstorming than when people actually discuss things as a group.”
Annie Duke Jan 11, 2021 ▶ 18:56 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: De-risk major life decisions by treating them as non-permanent
“I don't think about most decisions that I make as permanent. So that's a way to de-risk, right? Like, if you know, well, I'll see how this goes, and if it doesn't work out, then I can go do something else”
Annie Duke Jan 11, 2021 ▶ 8:28 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Assertion Not checkable as stated
Duke: About 80% of meeting time is spent discussing existing consensus
“About 80% of meetings get spent on agreements.”
Annie Duke Jan 11, 2021 ▶ 20:24 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
Jan 11, 2021
Insight
Duke: Decision outcomes depend solely on luck and information quality
“There's only two things that tell you how a decision is going to work out. One is luck. Can't do anything about it. The other is, is what's the information that went into the decision”
Annie Duke Jan 11, 2021 ▶ 21:22 20VC: Annie Duke on Reversible vs Irreversible Decisions, How To Evaluate Risk, The Theory of Sunk Cost in Venture & How to Optimise Both the Discussion and Quality of Investment Decisions
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