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.
Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written https://www.toptradersunplugged.com/Ultimate (here). And you can get a free copy of my latest book “The Many Flavors of Trend Following” https://www.toptradersunplugged.com/flavor (here). Learn more about the Trend Barometer https://www.toptradersunplugged.com/resources/market-trends/ (here). Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on https://www.toptradersunplugged.com/reviewttu (iTunes) or https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW (Spotify) so more people can discover the podcast. 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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