'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke
Stansberry Investor Hour
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When you put a trade on, you have a thesis and the thesis is implying certain things about what the world is going to look like in the future. So if we take the Bitcoin example, we can say, look, my thesis is that if inflation starts to go up,. We can be very specific about it. It will be a hedge against inflation. All right, so it's going to work to hedge that particular type of problem in thefuture. Now, when we do that and we have that thesis, again, our intuition is that if the world goes against our thesis, that we're going to react to it in a rational way. And that will actually really increase the chances
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