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TIP623: The Art Of Decision Making w/ Annie Duke
We Study Billionaires - The Investor’s Podcast Network
Exploring Destination Analysis and Kill Criteria for Long-Term Investing
Destination analysis involves assessing a business's future potential success or failure, requiring a detailed examination of the events that could prevent its success. To enhance decision-making during investments, establishing a 'losing playbook' can provide objectivity when investments turn sour. Kill criteria, with specified state and date, aids in determining the conditions under which an investment should be terminated. Understanding the bottleneck issues faced by a business is crucial, where solving these problems becomes a necessity for success. Additionally, the 'monkeys and pedestals' concept highlights the importance of identifying the critical elements like training the monkey and building the pedestal in the right sequence, emphasizing the significance of prioritizing tasks effectively.
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