How to Get Good at Quitting and Achieve Greater Success | Annie Duke

In today’s episode, we cover quitting with Annie Duke. Annie is a national best-selling author, former professional poker player, corporate speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book is Quit: The Power of Knowing When to Walk Away.  Quitting has acquired a bad reputation in a culture of grit and hustle, but even the most successful people quit things they’re working on frequently, so what is stopping you from quitting a failing project or relationship, and what questions can you ask yourself and others to determine when the right time to quit is? What to Listen For Introduction – 0:00 Why is knowing to quit just as important as grit and determination? How do you know when to quit? – 14:58 Why do many of us quit things too late and waste valuable time that we could be spending on the next success? What are some great examples of people making the right decision to quit? Opportunity Cost Neglect – 33:26 What is the blindspot that keeps us from quitting at the right time? What happened to the game Glitch before Slack was created? How do you break the Sunk Cost Neglect cycle so you stop wasting your time? Other Biases and Blindspots – 44:30 What is Escalation of Commitment? What is the Status Quo Bias? What is the Omission Comission Bias? The Questions to Determine When You Need to Quit – 1:01:20 After coaching over 10,000 clients including military special operators and Fortune 500 executives we’ve learned a thing or two about what it actually takes to grow your network. In fact, over 90% of the amazing guests on this show are from referrals in our personal networks. We’ve packaged our best insights inside a course called, Social Capital. And, as a thank you for being a podcast listener, we want to give you this training for FREE to start 2023. To get your hands on this training and immediately start improving your relationships, go to theartofcharm.com/sc