Annie Duke: Quitting, Bill Gates, and poker
In Good Company with Nicolai Tangen
00:00
The Fine Line Between Quitting and Failing
This chapter explores the intricate distinctions between quitting and failing through the metaphor of climbing Mount Everest, emphasizing risk tolerance in decision-making. It discusses how cognitive biases affect investment choices and the need for predefined exit strategies to avoid detrimental rationalizations. The conversation also highlights the importance of evaluating decisions based on analytical processes rather than outcomes alone, using compelling examples from sports and investing.
Transcript
Play full episode
