You can afford anything but not everything.

Every choice that you make is a trade-off against something else and that doesn't just

apply to your money, that applies to your time, your focus, your energy, your attention

to any limited resource that you need to manage.

And that opens up two questions.

First, what matters most and second, how do you make decisions accordingly?

Knowing those two questions is a lifetime practice and that's what this podcast is here to explore.

My name is Paula Pat on the host of the Afford Anything Podcast and today, former professional

poker player Annie Duke joins us to discuss how to sharpen the decision-making skill of when

to quit.

Knowing when to walk away is crucial to success in any endeavor, whether it's career, investment,

relationships, and yet we live in a society.

In which we are fed ideas like winners never quit and quitters never win.

Many of us have internalized this message.

And as a result, we stay in bad jobs for too long.

We hold on to poorly performing investments because we quote unquote are just waiting for

them to come back.

We wallow in toxic relationships.

Many of us tend to stick to the wrong course of action for far too long.

There are even cognitive biases such as status quo bias that fuel this tendency.

And so in our upcoming interview, Annie Duke, who is internationally acclaimed as a decision-making

expert, draws on behavioral science to explain strategies for identifying when it's best to

...