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AllanGraySummit

@AllanGraySummit

22 July CPT and 23 July JHB 14 Speakers | 12 Investment Topics | 9 Investments Companies

South Africa Katılım Haziran 2018
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SAfmRadio 📻
SAfmRadio 📻@SAfmRadio·
Trending at no.8 #SAfmSoundAwake: Delegates at the Allan Gray Investment Summit in Sandton, north of Johannesburg, have heard that South Africa still presents attractive investment opportunities despite the tough economic environment. #AllanGraySummit2019 #sabcnews
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SABC News Radio
SABC News Radio@SABCNews_Radio·
Delegates at the Allan Gray Investment Summit in Sandton, north of Johannesburg, have heard that South Africa still presents attractive investment opportunities despite the tough economic environment. #sabcnews
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AllanGraySummit
AllanGraySummit@AllanGraySummit·
And that's it for the day and for the #AllanGraySummit for 2019. Thank you to those who joined us today, and tuned in via Twitter - we hope you gained meaningful insights to help you make better investment decisions.
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit Another bias that is present in poker and investing is the gambler fallacy: Investors on a losing streak will hold on thinking they are due a win because they have “suffered through this for so long”
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit Maria discusses another crucial takeout from poker: cost fallacy. Sometimes investors hold onto a bad asset for a long time, rather than letting go, purely because they have spent so much money on it already.
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AllanGraySummit@AllanGraySummit·
Poker allows you to sample probabilities properly, says @mkonnikova You learn that making decisions is about calculating probabilities.
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AllanGraySummit@AllanGraySummit·
And these were Harvard students who should know better that you cannot predict a coin flip. #AllanGraySummit
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit In one study, based on initial success at being able to predict a coin flip, people began to think they were not only good at predicting a coin flip, but would also get better with practice.
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit The illusion of control is a funny thing and it happens when you are doing well in an environment of uncertainty, says @mkonnikova on what we can learn about poker from investing
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit This is useful for investors, because many often think they are good at probalistic thinking (evaluating potential outcomes to make the best possible decision), but we are not says @mkonnikova #Investing
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit This is because poker asks the question: In an uncertain environment, what can you control?
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AllanGraySummit@AllanGraySummit·
But it is also a teaching tool for helping us to make decisions in uncertain environments, like stock markets or in negotiations.
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AllanGraySummit@AllanGraySummit·
#AllanGraySummit One of the things I learnt is that Hungarian-American mathematician John van Neumann was right: poker is not just a metaphor for life...
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