Quit: The Power of Knowing When to Walk Away

Quit: The Power of Knowing When to Walk Away

  • Downloads:7001
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2022-09-28 03:19:37
  • Update Date:2025-09-06
  • Status:finish
  • Author:Annie Duke
  • ISBN:0593422996
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

From the bestselling author of Thinking in Bets comes a toolkit for mastering the skill of quitting to achieve greater success

Business leaders, with millions of dollars down the drain, struggle to abandon a new app or product that just isn't working。 Governments, caught in a hopeless conflict, believe that the next tactic will finally be the one that wins the war。 And in our own lives, we persist in relationships or careers that no longer serve us。 Why? According to Annie Duke, in the face of tough decisions, we're terrible quitters。 And that is significantly holding us back。

In Quit, Duke teaches you how to get good at quitting。 Drawing on stories from elite athletes like Mount Everest climbers, founders of leading companies like Stewart Butterfield, the CEO of Slack, and top entertainers like Dave Chappelle, Duke explains why quitting is integral to success, as well as strategies for determining when to hold em, and when to fold em, that will save you time, energy, and money。 You'll learn:
How the paradox of quitting influences decision making: If you quit on time, you will feel you quit early
What forces work against good quitting behavior, such as escalation commitment, desire for certainty, and status quo biasHow to think in expected value in order to make better decisions, as well as other best practices, such as increasing flexibility in goal-setting, establishing "quitting contracts," anticipating optionality, and conducting premortems and backcasts
Whether you're facing a make-or-break business decision or life-altering personal choice, mastering the skill of quitting will help you make the best next move。

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Reviews

Chris Boutté

I don’t have words to describe how much I loved this book, but I’ll give it a try。 I was fortunate enough to get an early review copy of Annie Duke’s latest book, and I binged it over the weekend。 Annie’s original book Thinking in Bets was the first book to introduce me to cognitive psych and better thinking, and I’ve been in love with the topic ever since。 The problem is that there are so many books on making decisions, but so few of them dedicate any time to discussing when to quick。 The secon I don’t have words to describe how much I loved this book, but I’ll give it a try。 I was fortunate enough to get an early review copy of Annie Duke’s latest book, and I binged it over the weekend。 Annie’s original book Thinking in Bets was the first book to introduce me to cognitive psych and better thinking, and I’ve been in love with the topic ever since。 The problem is that there are so many books on making decisions, but so few of them dedicate any time to discussing when to quick。 The second I heard Annie was writing this book, I had to read it。Annie does an incredible job discussing the importance of quitting and makes clear that we need to get rid of our preconceived ideas that quitting is a sign of failure。 As usual, throughout the book, in addition to discussing studies and research, she gives real-life examples。 In some cases, people could have died had they not quit。I’m someone who is constantly working on new projects and doing multiple side hustles, so opportunity costs are a big deal to me。 Annie’s book is everything I could have hoped for and more, and now I have some better strategies for choosing when to quit。 While there are definitely studies she references that people will be familiar with, she makes them feel fresh by discussing how we can use this information to know when to quit。 。。。more

David Drysdale

I received a free ARC of this book via NetGalley in exchange for an honest review。 I enjoyed Annie Duke's book "Thinking in Bets" and so I was delighted when I saw this title pop up on NetGalley。 In "Thinking in Bets," Duke unpacks how lessons she learned as a professional poker player can have broader applications to decision making and risk assessment。 Here, she focuses on "knowing when to fold 'em," arguing that in many situations, people wait too long to exit an unfavourable situation due to I received a free ARC of this book via NetGalley in exchange for an honest review。 I enjoyed Annie Duke's book "Thinking in Bets" and so I was delighted when I saw this title pop up on NetGalley。 In "Thinking in Bets," Duke unpacks how lessons she learned as a professional poker player can have broader applications to decision making and risk assessment。 Here, she focuses on "knowing when to fold 'em," arguing that in many situations, people wait too long to exit an unfavourable situation due to some combination of shame—our culture tends to value grit and determination while denigrating "quitters"—and cognitive biases such as the endowment effect or the sunk cost fallacy。 Duke provides plenty of anecdotes to support her thesis, such as Muhammad Ali staying in the ring well past the point at which it was medically advisable and contrary examples, like Slack founder Stewart Butterfield's decision to pivot away from an untenable situation even though it appeared, on the surface, to be a costly choice。 Duke's argument is built on examples like these that make for good reading but not necessarily strong evidence。 For example, she talks a lot about how we value grit, but she doesn't consider the extent to which "stubbornness" is a negative value。 This is symptomatic of her overall selectiveness of evidence; she doesn't offer up any examples of situations where people dropped out of a situation too early though I am sure there are plenty of people who should have stuck around with an investment or idea a bit longer。 That might have been okay if Duke were making a more innovative argument, but she runs through the same old BE studies, cognitive biases, and irrational behaviours that are by now very familiar to anyone who reads much in this space。 The same studies show up and though the framing is different, there's not a lot that's new here。At the end of the day, this is the type of book that will show up in the business section of an airport book store。 It's mildly interesting and Duke's an engaging enough writer to help pass the time on a plane, but it's not an especially innovative or rigorous study。 。。。more

Srinivasan Tatachari

I took up this book due to its interesting title “Quit”。 And it seemed to be appropriately timed, what with all the buzz about “Great Resignation” and so on。 It also came into my shelf at a time when people around me in my workplace were quitting。Many of the things Annie puts out in this book makes sense - the clear use of the sunk cost traps, escalation to commitment - are perfect in this context。 So many of us keep wondering about the time and effort we have invested into building our skills f I took up this book due to its interesting title “Quit”。 And it seemed to be appropriately timed, what with all the buzz about “Great Resignation” and so on。 It also came into my shelf at a time when people around me in my workplace were quitting。Many of the things Annie puts out in this book makes sense - the clear use of the sunk cost traps, escalation to commitment - are perfect in this context。 So many of us keep wondering about the time and effort we have invested into building our skills for a job and then are too worried about quitting it for the reason that we already invested so much。 Annie brings in the aspected of expected valuie and the fact that quitting early is never too late for making a better change。 She goes on to also indicate how with the goal setting we might have more difficulties in quitting, because the finish line drives us to complete that task。 Sometimes it doesn’t make sense to go further - her examples of marathon runners running with broken bones is very hard hitting。 We need to quit when there are enough signals - but it takes a lot of mental energy to do that。I liked the book overall, but I think the core ideas of the book are a few and there is a lot of repetition because of that。 Probably a crisper text would have made it more appealing, in my view 。。。more

Darya

Knowing when to quit a venture is powerful。 One one side the book tells the stories we already know and show examples of how and at which mountains celebrities decided to quit, on the other side it helps you to understand that quitting is not necessarily something bad and knowing the right time for you to stop doing something can be even beneficial。

Richard Propes

With "Quit: The Power of Knowing When to Walk Away," bestselling author Annie Duke explores an under-appreciated business skill - the art and science of knowing when to walk away。 I had the privilege of of reading "Quit" right about the time I was in the early stages of exploring professional changes and slowly tiptoeing toward an exploration of my options and alternatives。 "Quit" essentially teaches how to become good at quitting。 Duke draws on stories from the likes of elite athletes, corporat With "Quit: The Power of Knowing When to Walk Away," bestselling author Annie Duke explores an under-appreciated business skill - the art and science of knowing when to walk away。 I had the privilege of of reading "Quit" right about the time I was in the early stages of exploring professional changes and slowly tiptoeing toward an exploration of my options and alternatives。 "Quit" essentially teaches how to become good at quitting。 Duke draws on stories from the likes of elite athletes, corporate CEOS, well known entertainers, and a host of others in explaining why quitting is integral to success, as well as strategies for determining when to hold, when to fold, and how gaining this skill saves us time, energy, and money。 While Duke's storytelling is effective, much of "Quit" reads like a book searching for a problem to solve rather than the leadership guide it hopes to be。 Acknowledging that "knowing when to walk away" is an issue we all experience, "Quit" spends a good amount of its time simply making the argument that "knowing when to walk away" is important rather than guiding us toward the skills necessary to improve in this area。 At times, Duke makes what seems to be assumptions about a person's motivations, especially when the failure to quit had particularly negative results。 For example, in sharing the story of one famous mountain climber setting out to conquer 100 of New England's highest peaks, Duke makes assumptions about this individual's motivations in failing to see the risks of what would be his final of the 100 peaks。 Is she accurate in this assumption? Perhaps。 Perhaps not。 In fact, perhaps this person DID actually considering quitting but based upon his own expertise opted to continue believing he could conquer this final challenge。 Perhaps he was simply wrong。 In hindsight, many of us can look back at situations where we could have decided differently whether that's quitting or continuing, doing things differently or simply going into pause。 To assume that this individual was behaving in a way that just so happened to fit within the structure of her book is uncomfortable at best。 Is there additional evidence to support the assumption? If so, it's simply not well presented here。 This type of approach hinders the effectiveness of "Quit," a book with valid and important subject matter that's simply not as effective as it could be due to a lack of cohesive organization and a structure that often comes off as personal opinion rather than evidence-based assertions。 That said, and this is super important, "Quit" is well sourced with approximately 20% of its pages devoted to Duke's abundance of source material。 I also lamented that Duke seldom dips her literary toes into a myriad of other ways in which the issue of quitting becomes relevant ranging from relationships to social justice to the non-profit world。 While one could argue this is primarily a business book, Duke deviates enough from that primary goal that the other areas where it could have been relevant become even more obvious。 There's little denying that "Quit" will have its devotees and for those who immediately click with Duke's vision for the book it may very well be worth a read。 I didn't dislike "Quit。" In fact, I'd dare say it helped me, at least to a certain degree, in my own exploration professionally of "Is it time to quit this current position?"Or do I hold?Unfortunately, I also can't help but feel like "Quit" falls short in terms of applicability of its material and in the true depth to which Duke could have taken this important subject matter。 In the end "Quit" becomes an informative primer on the valuable subject of knowing when to walk away。 In the end, I was simply hoping for a whole lot more。 。。。more