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IL08: Why The Best Quitters Win ft. Annie Duke

IL08: Why The Best Quitters Win ft. Annie Duke

FromTop Traders Unplugged


IL08: Why The Best Quitters Win ft. Annie Duke

FromTop Traders Unplugged

ratings:
Length:
66 minutes
Released:
Oct 12, 2022
Format:
Podcast episode

Description

Today, Annie Duke, Author and former professional poker player, joins us for a conversation on learning under certainty and making better decisions in an uncertain world, based on her book, “Quit: The Power of Knowing When To Walk Away”. We discuss when is the right time to quit and what an expedition at Mount Everest can teach us about quitting, why there are no benefits of “learning the lesson the hard way” and why we tend to quit when it is too late, the importance of having kill criteria and splitting the decision. We also discuss why Duke recommends to keep your approach systematic and why setting goals is not always beneficial, the importance of finding a quitting coach and much more.
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Follow Kevin on https://twitter.com/kcold1 (Twitter).
Follow Annie on https://www.linkedin.com/in/annie-duke/ (LinkedIn) & https://www.amazon.com/Quit-Power-Knowing-When-Walk-ebook/dp/B09PTLY4BL (read his book).
Episode TimeStamps:
00:00 - Intro
02:24 - Introduction to Annie Duke and her book 
07:14 - Key takeaways from her book
10:03 - Quitting at the right time
18:08 - Work smarter, not harder
23:04 - Are we overestimating ourselves?
29:57 - Setting rules and making decisions
35:27 - The benefits of splitting the decision
42:04 - Keep it systematic
49:10 - Pros and cons of setting goals
54:32 - What role does age play?
01:03:38 - Key takeaways from Niels

Copyright © 2022 – CMC AG – All Rights Reserved
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Released:
Oct 12, 2022
Format:
Podcast episode

Titles in the series (100)

Join Niels Kaastrup-Larsen as he explores the world of finance and investing, through weekly conversations with the most interesting and experienced investors, economists, traders & thought leaders. Learn from their experiences, their successes, and their failures. We don't want you to think like them...but we do want to make you think! Stay up-to-date on https://toptradersunplugged.com