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Annie Duke – Why Great Investors Are Great Quitters | #448

The Meb Faber Show - Better Investing

CHAPTER

Is There a Kill Criteria in the Book?

The illusion of progress is another. As you mentioned, stop losses. I have some friends that have a very large research organization. A number of years ago, they ran a experiment and looked at all of the recommendations they made over the years. And it's like 90% said no. They don't. It really is different to say, here's my thesis. This is this is why this is my rationale for why I'm putting this trade on. We do have an attendant problem, which is we actually tend to quit too soon when we're in the gains.

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