
2022 Top Episode #5: Annie Duke – The Power of Quitting, EP.273
Capital Allocators – Inside the Institutional Investment Industry
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Knowing When to Quit: Decision-Making Insights
This chapter explores the complexities of decision-making, particularly regarding when to abandon projects exemplified by the challenges faced in the California bullet train initiative. It discusses the importance of identifying and prioritizing tough challenges, establishing 'kill criteria' for effective quitting, and emphasizes the role of external perspectives in making informed decisions. Through various analogies and case studies, the chapter provides valuable insights on enhancing decision-making practices to avoid sunk costs and promote healthier quitting strategies.
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