The Meb Faber Show - Better Investing

Annie Duke – Why Great Investors Are Great Quitters | #448

Oct 8, 2022

01:20:47

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Highlights

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Episode notes

When You Quit Acting, You're Never Going to Be John Hamm.

02:01

I Don't Want My Ideas to Be Your Identity

04:17

How Do You Accelerate a Nonprofit?

02:24

Introduction

3min

What's Your Most Recent Book, Quit?

6min

Is Your Son a Quitter?

6min

How to Think About Quitting

3min

Don't Give Up, Never Give Up

4min

When You Quit Acting, You're Never Going to Be John Hamm.

2min

I Know I Can Turn It Around, I Want to Get My Money Back

1min

Is There a Kill Criteria in the Book?

6min

Investing in the Market Environment

2min

10.

How to Deal With One Stock That Becomes 90% of Your Portfolio?

6min

11.

Life's Too Short to Ever Spend Your Time on Something That's Not Worthwhile

5min

12.

The Science Behind This Is So Simple

1min

13.

The Quitting Coach Concept

2min

14.

I'm Thinking About Quitting My Job, but I Really Need Help

5min

15.

The Optionality of Quitting Something

2min

16.

I Owe It to My Employees to Keep Going

5min

17.

The Life Is Short Comment

4min

18.

Are You a Quitter?

4min

19.

Survivor Bias and Quitting

5min

20.

I Don't Want My Ideas to Be Your Identity

4min

21.

How Do You Accelerate a Nonprofit?

2min

22.

Cambria Shareholder Yield ETF - Slash S YLD

3min

Today’s guest is Annie Duke, a consultant in the decision-making space and previously was a professional poker player who won over 4 million dollars. She’s also a best-selling author and just released her newest book, Quit: The Power of Knowing When to Walk Away.

In today’s episode, Annie shares why quitting isn’t always as bad as advertised. She shares what behavioral biases lead us to want to either quit a trade too early or avoid quitting a bad trade, and shares actionable advice you can take to counteract this problem.

As we wind down, we touch on The Alliance for Decision Education, a non-profit Annie founded to empower students with essential skills to make better decisions. Click this link to learn more about the organization’s virtual poker tournament on October 27th at 6:30p ET.

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This episode is sponsored by AcreTrader. AcreTrader is an investment platform that makes it simple to own shares of farmland and earn passive income, and you can start investing in just minutes online. For more information, please visit acretrader.com/meb.

Today’s episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world’s largest institutions, funds, and money managers. Subscribe for free here.

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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.

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