The Next Big Idea cover image

How to Succeed by Quitting (2022)

The Next Big Idea

The Importance of Discipline in Decision Making

2min Snip

00:00
Play full episode
We live in this world with incomplete information. We're sort of at the mercy of powers that are out of our control. But over time, all the good luck and bad luck balances out if we're disciplined about our decision-making. One of the things that causes it to be really hard to quit is that's the moment where you go from failing to having failed. You have to take the loss. Or as Richard Thaler would say, you have to close the account in the losses.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

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

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