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23min chapter
TIP623: The Art Of Decision Making w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
Navigating Investment Decisions with Kill Criteria
This chapter explores the critical concepts of kill criteria and destination analysis in investment decision-making. The speakers discuss the importance of recognizing early warning signals for exiting failing investments and the psychological biases that can distort rationality, such as the endowment effect and sunk cost fallacy. They advocate for the use of a 'quitting coach' to provide honest feedback and maintain accountability, ultimately enhancing decision-making processes for investors.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode