Stansberry Investor Hour

'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke


Listen Later

We're eager to have former professional poker player, public speaker, and bestselling author Annie Duke on this week's episode to discuss her latest book, Quit: The Power of Knowing When to Walk Away, teaches you how to be a smart quitter.

"Quitters never win, winners never quit." That's not true. Winners actually quit a lot. And it's in fact how they win. When you look at the best investors, they are so good at getting off the positions that aren't so worthwhile that they can then reinvest that capital into things that are worthwhile..."

Annie also discusses the psychology behind other common pitfalls for retail investors, like loss aversion, focusing on portfolio outliers, relying on intuition, and more. Today's episode is one you won't want to miss.

➡️ Watch Here

00:00 Inflation status quo 5:08 Recession prospect 11:26 Quit: The Power of Knowing When to Walk Away 19:59 Winners and losers in stock picking 27:08 How does intuition play out in investing? 32:10 Checklist manifesto in investing 38:21 "Stick to the plan" 47:42 Psychological aspect of investing 51:00 Annie's investment tips

...more
View all episodesView all episodes
Download on the App Store

Stansberry Investor HourBy Stansberry Research

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

668 ratings


More shows like Stansberry Investor Hour

View all
The Peter Schiff Show Podcast by Peter Schiff

The Peter Schiff Show Podcast

5,679 Listeners

Wall Street Unplugged - What's Really Moving These Markets by Curzio Research

Wall Street Unplugged - What's Really Moving These Markets

1,080 Listeners

Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,075 Listeners

Sprott Money News by Sprott Money

Sprott Money News

146 Listeners

The Meb Faber Show - Better Investing by The Idea Farm

The Meb Faber Show - Better Investing

936 Listeners

Mining Stock Education by Bill Powers

Mining Stock Education

139 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

361 Listeners

Palisades Gold Radio by Collin Kettell

Palisades Gold Radio

261 Listeners

Excess Returns by Excess Returns

Excess Returns

84 Listeners

Rebel Capitalist News by George Gammon

Rebel Capitalist News

1,029 Listeners

Doug Casey's Take by Matthew Smith

Doug Casey's Take

125 Listeners

Wealthion - Be Financially Resilient by Wealthion

Wealthion - Be Financially Resilient

379 Listeners

The Jay Martin Show by Jay Martin

The Jay Martin Show

73 Listeners

Thoughtful Money with Adam Taggart by Adam Taggart | Thoughtful Money

Thoughtful Money with Adam Taggart

408 Listeners

The Julia La Roche Show by Julia La Roche

The Julia La Roche Show

63 Listeners