Top Traders Unplugged11 Loka 2022

IL08: Why The Best Quitters Win ft. Annie Duke

Today, Annie Duke, Author and former professional poker player, joins us for a conversation on learning under certainty and making better decisions in an uncertain world, based on her book, “Quit: The Power of Knowing When To Walk Away”. We discuss when is the right time to quit and what an expedition at Mount Everest can teach us about quitting, why there are no benefits of “learning the lesson the hard way” and why we tend to quit when it is too late, the importance of having kill criteria and splitting the decision. We also discuss why Duke recommends to keep your approach systematic and why setting goals is not always beneficial, the importance of finding a quitting coach and much more.

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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE

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Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.

IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.

And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.

Learn more about the Trend Barometer here.

Send your questions to info@toptradersunplugged.com

And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.

Follow Kevin on SubStack & read his Book.

Follow Annie on LinkedIn & read his book.

Episode TimeStamps:

00:00 - Intro

02:24 - Introduction to Annie Duke and her book

07:14 - Key takeaways from her book

10:03 - Quitting at the right time

18:08 - Work smarter, not harder

23:04 - Are we overestimating ourselves?

29:57 - Setting rules and making decisions

35:27 - The benefits of splitting the decision

42:04 - Keep it systematic

49:10 - Pros and cons of setting goals

54:32 - What role does age play?

01:03:38 - Key takeaways from Niels

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PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:

1. eBooks that cover key topics that you need to know about

In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here

2. Daily Trend Barometer and Market Score

One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here

3. Other Resources that can help you

And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here

Disclaimer

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Jaksot(974)

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