Insight certainty 4/5 debate potential 3/5

Duke: The Goal of Group Meetings Should Be Informing, Not Consensus

Annie Duke · Annie Duke – How to Decide (Capital Allocators, EP.156) · Sep 14, 2020 · at 1:16:28

Cognitive psychologist and author Annie Duke explains to Ted Seides why investment committees should prioritize surfacing diverse perspectives over reaching consensus.

0:00 / 0:27exact quote · 27.3s
720p mp4 · rendered on demand · StarZero watermark
“The goal of a really good group meeting is not to agree. And we think that the goal is agreement. We think that everybody has to walk out of that room on the same page. The goal of a great group meeting, rather, should be to inform, which is very different. So it should be okay that you allow that divergence of opinion to live, to stay, because it's about informing the group, not agreeing.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Annie Duke

Insight
Duke: Managers should fire a salesperson who closes 100 percent of sales
“And then all of a sudden you have a salesperson who's closing a hundred percent of their sales. And by the way, if you can't change that, you should fire them.”
Annie Duke Nov 19, 2018 ▶ 28:54 Annie Duke – Thinking More in Bets (Capital Allocators, EP.76)
Assertion Supported
Duke: Institutional investors underperform random selling by 70 basis points
“When you look at their sell side decisions, they're usually about 70 bips worse than the benchmark. So if you were to just randomly Free the capital up from your portfolio. How would you do? That's the benchmark. When you look at their actual decisions, and th…”
Annie Duke Oct 3, 2022 ▶ 34:00 Annie Duke – The Power of Quitting (Capital Allocators, EP.273)
Insight
Duke: Tackle critical bottlenecks before easy tasks to avoid false progress
“When you're approaching a problem, you want to think about what are the bottlenecks? What's the really hard thing that needs to happen in order for me to be able to unlock this problem? And that's the thing that you're supposed to go after first. You're not su…”
Annie Duke Oct 3, 2022 ▶ 55:15 Annie Duke – The Power of Quitting (Capital Allocators, EP.273)
Insight
Duke: Asking 'would you buy it today' does not improve decision-making
“One of the things that doesn't help, and I think this is very, very important for financial professionals to hear, is one of the things that does not help is saying, just treat the decision like it's fresh.”
Annie Duke Oct 3, 2022 ▶ 1:00:48 Annie Duke – The Power of Quitting (Capital Allocators, EP.273)
Assertion Not checkable as stated
Duke: Ron Conway is most proud of coaching founders to quit
“There's a whole long list of things that you might think he's super proud of, but what's interesting is the thing he's the most proud of is actually coaching founders to quit, which really goes against what we think about as Silicon Valley, like VCs who like, …”
Annie Duke Oct 3, 2022 ▶ 1:10:48 Annie Duke – The Power of Quitting (Capital Allocators, EP.273)
Insight
Duke: Sticking to things does not guarantee success due to survivorship bias
“I might argue that people are successful at things they stuck to, which is actually very different than if you stick to something, you'll be successful.”
Annie Duke Sep 14, 2020 ▶ 27:36 Annie Duke – How to Decide (Capital Allocators, EP.156)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.