AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke
Stansberry Investor Hour
Cut Your Losses and Let Your Winners Run
The idea of cut your losses, let your winners run is so simple it should be on a stone tablet somewhere. We need to realize that cognitively the way that our mental accounting works. The temptation to sell your winners in order to take the profit is going to be really strong even in situations where you ought to let that ride. And we also have to recognize a cognitive problem of what does a winner and loser mean.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode