AllanGraySummit

Catch highlights plus presentations from this year’s #AllanGray Investment Summit at investmentsummit.co.za youtu.be/bPcquMZfJPk

@lingskevin, chief economist from @STANLIB believes it’s time investors fall out of love with local equities. To get more insight from this year’s #AllanGraySummit, visit: investmentsummit.co.za

There can be great upside for those willing to invest in Africa ahead of the herd. Watch Nick Ndiritu’s presentation at this year’s Summit for more insight: investmentsummit.co.za youtu.be/nKtaZmVLUMo

How poker taught me to make better decisions @AllanGraySummit bit.ly/2M3Rcth

Is it time for equity investors to party like it’s 2002? #AllanGraySummit2019 bit.ly/2MixEB5

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

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

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.

Nice! On correlation and causation, in ⁦@mkonnikova⁩’s talk on probabilities and investing. #AllanGraySummit2019

#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”

#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.

Poker allows you to sample probabilities properly, says @mkonnikova You learn that making decisions is about calculating probabilities.

And these were Harvard students who should know better that you cannot predict a coin flip. #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.

#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

#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

#AllanGraySummit This is because poker asks the question: In an uncertain environment, what can you control?

But it is also a teaching tool for helping us to make decisions in uncertain environments, like stock markets or in negotiations.

#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...

#AllanGraySummit I learnt that poker was a game of people, of uncertainty – much like life. It’s a game of incomplete information. #Investing #Poker