Artwork for podcast Top Traders Unplugged
IL08: Why The Best Quitters Win ft. Annie Duke
12th October 2022 • Top Traders Unplugged • Niels Kaastrup-Larsen
00:00:00 01:05:48

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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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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

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