23min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP623: The Art Of Decision Making w/ Annie Duke

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

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.

00:00

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