The “Duchess of Poker” returns for her third Stansberry Investor Hour appearance…
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, which 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.
#investing #stockmarket
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
