The Daily Stoic Annie Duke on Knowing When to Quit
125 snips
Oct 19, 2022 
Annie Duke, a former professional poker player and bestselling author, shares insights from her new book, *Quit: The Power of Knowing When to Walk Away*. She discusses the importance of recognizing when to quit in order to align with personal beliefs and pursue bigger goals. Duke debunks the stigma surrounding quitting, emphasizing it as a strategic tool rather than a failure. The conversation also explores emotional attachments that complicate decision-making, urging listeners to embrace the courage to let go and redirect their efforts toward more fulfilling pursuits.
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Strategic Quitting
- Recognize the difference between quitting entirely and quitting a specific part of a larger goal.
- Folding in poker isn't quitting the game, just the hand; apply this to life.
Perspective in Quitting
- Quitting is easier with broader perspective. Zooming out helps see individual setbacks within a larger context of a whole game or career.
Mental Accounting and Loss Aversion
- "Mental accounting" makes us averse to closing accounts as losses, even if continuing is worse.
- We feel losing a stock at $40 is worse than holding while it drops from $50 to $40.
