Explore One of The Incredible 90+ Positive and Inspiring Annie Duke Quotes
01) ”If you feel like you’ve got a close call between quitting and persevering, it’s likely that quitting is the better choice.”
02) ”Experience can be an effective teacher. But, clearly, only some students listen to their teachers.”
03) ”Success does not lie in sticking to things. It lies in picking the right thing to stick to and quitting the rest.”
04) ”When people quit on time, it will usually feel like they are quitting too early, because it will be long before they experience the choice as a close call.”
05) ”The secret is to make peace with walking around in a world where we recognize that we are not sure and that’s okay.”
06) ”Despite the popular wisdom that we achieve success through positive visualization, it turns out that incorporating negative visualization makes us more likely to achieve our goals.”
07) ”Improving decision quality is about increasing our chances of good outcomes, not guaranteeing them.”
08) ”What makes a decision great is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. ”
09) ”By not quitting, you are missing out on the opportunity to switch to something that will create more progress toward your goals.”
10) ”The quality of the outcome casts a shadow over our ability to see the quality of the decision.”
11) ”Self-serving bias has immediate and obvious consequences for our ability to learn from experience.”
12) ”Experience is supposed to be our best teacher, but sometimes we draw a connection between outcome quality and decision quality that is too tight.”
13) ”When people result, they look at whether the result was good or bad to figure out if the decision was good or bad.”
14) ”That’s the funny thing about grit. While grit can get you to stick to hard things that are worthwhile, grit can also get you to stick to hard things that are no longer worthwhile. The trick is in figuring out the difference.”
15) ”Making better decisions starts with understanding this: uncertainty can work a lot of mischief.”
16) ”The second is that making a plan for when to quit should be done long before you are facing the quitting decision.”
17) ”When the outcome turns out poorly, it’s easy to focus on the details that suggest the decision process was poor. We think we are seeing the decision quality rationally because the bad process is obvious.”
18) ”When it comes to quitting, the most painful thing to quit is who you are.”
19) ”We want outcome quality to align with decision quality.”
20) ”Figure out the hard thing first. Try to solve that as quickly as possible. Beware of false progress.”
21) ”Quit and grit are two sides of the exact same decision. Decision-making in the real world requires action without complete information. Quitting is the tool that allows us to react to new information that is revealed after we make a decision.”
22) ”When we work toward belief calibration, we become less judgmental of ourselves.”
23) ”In general, when we quit, we fear two things: that we’ve failed and that we’ve wasted our time, effort, or money. Waste is a forward-looking problem, not a backward-looking one.”
24) ”It’s not just that we need to set more flexible goals. We ourselves also need to be more flexible in the way we evaluate success and failure.”
25) ”Experience is necessary for learning. But we process that experience in a biased way. This means that the very feedback you need to become a better decision-maker can interfere with your ability to learn good lessons from experience.”
26) ”The actual outcome casts a shadow over your ability to remember what you knew at the time of the decision.”
27) ”One of Teller’s valuable insights is that pedestal-building creates the illusion of progress rather than actual progress itself.”
28) ”A lot of experience can be an excellent teacher. A single experience, not so much. Looking across a large enough set of decisions and outcomes, we can start to tease out the lessons experience might offer us.”
29) ”We are all trying to defend ourselves against how we imagine other people are going to judge us.”
30) ”We want outcome quality to align with decision quality.”
31) ”The second is that making a plan for when to quit should be done long before you are facing the quitting decision.”
32) ”Making better decisions starts with understanding this: uncertainty can work a lot of mischief.”
33) ”That’s the funny thing about grit. While grit can get you to stick to hard things that are worthwhile, grit can also get you to stick to hard things that are no longer worthwhile. The trick is in figuring out the difference.”
34) ”When people result, they look at whether the result was good or bad to figure out if the decision was good or bad.”
35) ”When you overfit decision quality to outcome quality, you risk repeating decision errors that, thanks to luck, preceded a good outcome. You may also avoid repeating good decisions that, because of luck, didn’t work out.”
36) ”When we identify the goal and work backward from there to “remember” how we got there, the research shows that we do better.”
37) ”When it comes to the bad stuff, the inside view tends to lead you to blame luck rather than your own decision-making.”
38) ”We need to find a way to flip the script and stop measuring ourselves solely by how far we are from the finish line. We need to start giving ourselves more credit for how far we are from where we started.”
39) ”They learned the lesson the ants have down pat: Don’t wait to be forced to quit to start exploring alternatives.”
40) ”The decision you make determines which set of outcomes are possible and how likely each of those outcomes is. But it doesn’t determine which of that set of outcomes will actually happen.”
41) ”The actual outcome casts a shadow over your ability to remember what you knew at the time of the decision.”
42) ”Experience is necessary for learning. But we process that experience in a biased way. This means that the very feedback you need to become a better decision-maker can interfere with your ability to learn good lessons from experience.”
43) ”It’s not just that we need to set more flexible goals. We ourselves also need to be more flexible in the way we evaluate success and failure.”
44) ”Being forced to quit forces you to start exploring new options and opportunities. But you should start exploring before you’re forced to.”
45) ”Goals can also cause a myopia that makes it so we can’t see other paths that are available to us, the other opportunities we might be able to pursue instead.”
46) ”Most decisions have a mix of upside and downside potentials. When figuring out whether a decision is good or bad, you are essentially asking if the upside potential compensates for the risk of the downside.”
47) ”Fake news works because people who already hold beliefs consistent with the story generally won’t question the evidence.”
48) ”When people result, they look at whether the result was good or bad to figure out if the decision was good or bad.”
49) ”The way we process new information is driven by the beliefs we hold, strengthening them.”
50) ”The pass-fail nature of goals, their inflexibility, and how pursuing them leads to ignoring other opportunities that might be available.”
51) ”A lot of experience can be an excellent teacher. A single experience, not so much.”
52) ”As you already know, grit is good for getting you to stick to hard things that are worthwhile, but grit also gets you to stick to hard things that are no longer worthwhile.”
53) ”The way our lives turn out is the result of two things: the influence of skill and the influence of luck.”
54) ”It turns out the better you are with numbers, the better you are at spinning those numbers to conform to and support your beliefs.”
55) ”The result is that we’ll quit when we’re ahead, even if we’re giving up good opportunities to win more. If we’re behind, we don’t want to quit, even if persisting—to try to get to the other side of zero—is more likely to make things worse.”
56) ”Blaming others for their bad results and failing to give them credit for their good ones is under the influence of ego.”
57) ”When we work backward from results to figure out why those things happened, we are susceptible to a variety of cognitive traps, like assuming causation when there is only a correlation, or cherry-picking data to confirm the narrative we prefer.”
58) ”There is a rich universe of science studying the human tendency to persevere too long, particularly in the face of bad news.”
59) ”People are more willing to offer their opinion when the goal is to win a bet rather than get along with people in a room.”
60) ”Experience is not what happens to a man; it is what a man does with what happens to him.”
61) ”When you overfit decision quality to outcome quality, you risk repeating decision errors that, thanks to luck, preceded a good outcome. You may also avoid repeating good decisions that, because of luck, didn’t work out.”
62) ”The result is that we’ll quit when we’re ahead, even if we’re giving up good opportunities to win more. If we’re behind, we don’t want to quit, even if persisting—to try to get to the other side of zero—is more likely to make things worse.”
63) ”It turns out the better you are with numbers, the better you are at spinning those numbers to conform to and support your beliefs.”
64) ”As you build things, whether they’re train tracks, or bookshelves, or relationships, or essays that you’ve written for classes, the endowment effect gaffs the scale even more, further escalating our commitment to failing causes.”
65) ”We want the world to make sense in this way, to be less random than it is.”
66) ”In order to become a better decision-maker, it’s imperative to actively explore all four of the ways that decision quality and outcome quality relate to each other.”
67) ”Acknowledging that decisions are bets based on our beliefs, getting comfortable with uncertainty, and redefining right and wrong are integral to a good overall approach to decision-making.”
68) ”If our only options are being 100% right or 100% wrong, with nothing in between, then information that potentially contradicts a belief requires a total downgrade, from right all the way to wrong.”
69) ”When we own something, we value it more highly than an identical item that we do not own. Richard Thaler was the first to name this cognitive illusion, calling it the endowment effect.”
70) ”An accurate picture of the odds is important when you’re choosing a path. But once you’ve already made your choice, then you should switch into irrational optimism for the execution phase.”
71) ”This phenomenon is called the better-than-average effect.”
72) ”The quality of our lives is the sum of decision quality plus luck.”
73) ”This makes us more compassionate, both toward ourselves and others. Treating outcome fielding as bets constantly reminds us outcomes are rarely attributable to a single cause and there is almost always uncertainty in figuring out the various causes.”
74) ”Memory creep is the reconstruction of your memory of what you knew that hindsight bias creates.”
75) ”Progress along the way should count for something, but we discard it because goals are pass-fail, all-or-nothing, yes-or-no. There’s no partial credit given.”
76) ”When we field our outcomes as the future unfolds, we always run into this problem: the way things turn out could be the result of our decisions, luck, or some combination of the two.”
77) ”It is uncomfortable to think about the possibility of failure, but it’s worth it to live in that discomfort because you will be better prepared if things don’t turn out according to your ideal.”
78) ”But what you need to understand is that we’re all in a cult of our own identity.”
79) ”But the goals we set are remarkably unresponsive to new information.”
80) ”Contrary to popular belief, quitting will get you to where you want to go faster.”
81) ”Setting a stop-loss or a take-gain are examples of kill criteria, but you could also set criteria more broadly, asking yourself in advance what the signals in the market might be that would.”
82) ”We own what we’ve bought and what we’ve thought.”
83) ”Be picky about what you stick to. Persevere in the things that matter, that bring you happiness, and that move you toward your goals.”
84) ”It doesn’t so much matter where we end up as how we got there. What has happened in the recent past drives our emotional response much more than how we are doing overall.”
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85) ”Small changes in how much you notice the luck that you would otherwise overlook will have a big influence on the way your life turns out. Those small changes act like compounding interest that pays big dividends on your future decision-making.”
86) ”When you overfit decision quality to outcome quality, you risk repeating decision errors that, thanks to luck, preceded a good outcome. You may also avoid repeating good decisions that, because of luck, didn’t work out.”
87) ”It turns out the better you are with numbers, the better you are at spinning those numbers to conform to and support your beliefs.”
88) ”The way our lives turn out is the result of two things: the influence of skill and the influence of luck.”
89) ”The way we process new information is driven by the beliefs we hold, strengthening them.”
90) ”Be thankful when people disagree with you in good faith because they are being kind when they do.”
91) ”Because there are only two things that determine how your life turns out: luck and the quality of your decisions. You have control over only one of those two things.”
92) ”Quitting on time usually feels like quitting too early, and the usually part is specifically when you’re in the losses.”
