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.
01:28:41
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
volunteer_activism ADVICE
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.
insights INSIGHT
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.
insights INSIGHT
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.
Get the Snipd Podcast app to discover more snips from this episode
Improving Decisions About Health, Wealth, and Happiness
Richard H. Thaler
Cass R. Sunstein
In 'Nudge,' Thaler and Sunstein argue that by understanding how people think, we can design 'choice architectures' that nudge people toward better decisions for themselves, their families, and society. The book introduces the concept of 'libertarian paternalism,' where gentle nudges guide people toward beneficial choices without limiting their freedom. It explores various aspects of human decision-making, including the distinction between the 'Automatic System' and the 'Reflective System' of thinking, and provides numerous examples of how nudges can be applied in real-life scenarios to improve outcomes in health, finance, and other areas[1][3][5].
Discipline is Destiny
The Power of Self-Control
Ryan Holiday
In 'Discipline is Destiny', Ryan Holiday explores the Stoic virtue of self-discipline, drawing on historical figures and contemporary examples to illustrate its transformative power. The book emphasizes that discipline is the foundation upon which other virtues such as courage, justice, and wisdom depend. Holiday argues that self-control is essential for personal triumph and fulfillment, and he provides engaging stories and practical advice on how to cultivate discipline in a world filled with distractions and temptations. The book also cautions against the perils of extravagance and hedonism, stressing the importance of balance and self-mastery in achieving success and happiness[2][4][5].
Quit
The Power of Knowing When to Walk Away
Annie Duke
How to Decide
Annie Duke
Thinking in bets
Making Smarter Decisions When You Don't Have All the Facts
Annie Duke
In this book, Annie Duke teaches readers how to make better decisions by treating them as 'bets' on uncertain outcomes. She emphasizes the importance of distinguishing between the quality of a decision and its outcome, acknowledging the role of luck, and avoiding biases such as 'resulting' and hindsight bias. Duke draws on her experiences as a professional poker player and combines these with insights from cognitive psychology and other fields to provide tools for making more objective and thoughtful decisions. The book encourages readers to get comfortable with uncertainty, seek truth through diverse opinions, and learn from outcomes to improve future decision-making[1][3][5].
Ryan talks to World Series of Poker champion Annie Duke about her new book Quit: The Power of Knowing When to Walk Away, the power of walking away from things that don’t align with your beliefs, the importance of making decisions in service of a larger goal, and more.
Annie Duke is a former professional poker player and a bestselling author. She is an expert in cognitive psychology and co-founded the non-profit Ante Up for Africa in 2007 to benefit charities working in African nations. Her recent book, How To Decide, details how to be a more confident decision-maker.
📕 Ryan Holiday's new book "Discipline Is Destiny" is out now! We’ve extended the pre-order bonuses for the next week—among them is a signed and numbered page from the original manuscript of the book. You can learn more about those and how to receive them over at Dailystoic.com/preorder.
The Daily Stoic 
