Quitting is a valuable skill. It’s important for dealing with uncertainty, yet we are quite bad at exercising it. It should not be just about sticking to things. Quitting is also good, particularly when we have to start most things. Persisting at something when it’s worthwhile is definitely a good character trait but persisting at something when it’s no longer worthwhile is not a good character trait. Calibrate around the notion, “is it worthwhile to stick? "
Welcome to another incredible episode of the IDEA Collider│Pharma Book Club series with your host Mike Rea. Today, Annie Duke joins us on the show to discuss her latest book, “Quit: The Power of Knowing When to Walk Away.” Annie is an Author, Professional Speaker, Decision Strategist & co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education.
In the episode, Annie Duke delves into the motivation behind her latest book, “Quit,” when quitting is a valuable option rather than sticking around, grit versus willingness to quit, and Stewart’s Butterfield’s Quit story before founding Slack. In addition, Annie expounds on the fear of changing your mind and why most people worry about failing instead of winning.
Ultimately, she delves into the Monkey & Pedestal Model, three reasons behind building the pedestal, the kill criteria & why you should have a quitting coach!
Tune in for more!
During this episode, you will learn about;
[00:00:33] Introducing today’s guest
[00:01:37] What motivated Annie in writing her book Quit as opposed to Thinking in Bets that lead to decision making
[00:06:40] The difference between grit & willingness to quit
[00:09:27] Why eight times more people die on the descent of Mt. Everest than climbing
[00:18:53] Muhammad Ali is the embodiment of showing how in one circumstance, Grit can be a virtue & in the other circumstance, a downfall
[00:30:20] Stewart Butterfield’s story from one of the world’s greatest quitter to founding Slack
[00:39:37] The fear of changing your mind & failing
[00:48:36] The monkey & pedestal model
[00:56:18] Three reasons behind building the pedestal
[01:02:38] The kill criteria & the idea of having a quitting coach
[01:10:08] Does Annie act as a quitting coach?
[01:18:51] The Reverse Sicilian concept
[01:20:17] How to connect with Annie Duke
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