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

The Meb Faber Show - Better Investing

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How to Think About Quitting

We talk a lot about opportunity cost as a way to think about quitting. So the issue with opportunity costs is anytime you're pursuing a particular path, that means that that's time and attention that you can't spend pursuing something else. And what you're basically saying is the path that I'm on has a certain expected value. But there's also an expected value associated with the paths that I am not taking.

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