4min chapter

Stansberry Investor Hour cover image

'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke

Stansberry Investor Hour

CHAPTER

Exactly the Same as the Cab Drivers, You Know?

This is the classic investor foible, cutting winners and sticking with losers. You make the decision to quit well ahead of the moment when you need to quit. The best traders all wind up saying, yeah, you got to cut your losers and let your winners run. Exactly opposite of the cab drivers.

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