{"id":3360,"date":"2023-12-21T11:38:39","date_gmt":"2023-12-21T11:38:39","guid":{"rendered":"https:\/\/wordpressagency.london\/sc\/?p=3360"},"modified":"2023-12-28T14:29:20","modified_gmt":"2023-12-28T14:29:20","slug":"book-review-quit-by-annie-duke","status":"publish","type":"post","link":"https:\/\/wordpressagency.london\/sc\/book-review-quit-by-annie-duke\/","title":{"rendered":"Book Review: Quit by Annie Duke"},"content":{"rendered":"\n

I was browsing a bookstore in Central London after leaving an industry event in a huff. I was so sick and tired of paying hundreds of pounds to go to conferences and seeing the same speakers speak about the same things.<\/p>\n\n\n\n

The truth was, I had been fed up with the industry for a long time. I was trying to use my agency to change it, but that was extremely futile and not very smart!<\/p>\n\n\n\n

So, when I stumbled upon Annie\u2019s book \u201cQuit\u201d, it called out to me for many reasons.<\/p>\n\n\n\n

I have recently started playing poker and Annie is known to be one of the greatest female poker players of all time. I\u2019ve already read her other book \u201cThinking in Bets\u201d and loved it.

So, when the big word QUIT stared at me, I saw it as a sign.<\/p>\n\n\n\n

I absolutely love the book and would recommend it for anyone who is at a junction in their life where they want to take another direction but are perhaps a little bit too scared to.<\/p>\n\n\n\n

Book Overview<\/h4>\n\n\n\n

Annie Duke is a former professional poker player but is now a decision strategist. She analyses the art of decision-making and the powerful impact of knowing when to walk away.<\/p>\n\n\n\n

Naturally, in poker, this is an essential skill \u2013 know when to fold \u2018em and know when to hold \u2018em\u2026 right?! So, Annie has already had this skill down for years.<\/p>\n\n\n\n

But in this book, she delves into the concept of \u201cquitting\u201d as a strategic decision-making tool. Whether it\u2019s a business venture, a project, or even a personal pursuit, quitting is a critical skill that can lead to more effective and fulfilling outcomes.<\/p>\n\n\n\n

So, whether you resonate with playing poker or the challenges and decisions faced by entrepreneurs, this is great book to help you open your eyes up to the possibilities when you embrace quitting.<\/p>\n\n\n\n

Topics Covered<\/h4>\n\n\n\n

Sunk Cost Fallacy<\/strong><\/p>\n\n\n\n

I think this is one of the biggest ones with entrepreneurs \u2013 we put our blood, sweat and tears into our businesses and cannot face walking away from our investments (both financial and emotional).<\/p>\n\n\n\n

Duke challenges the common cognitive bias of the sunk cost fallacy where many people continue just because resources have already been dedicated.<\/p>\n\n\n\n

Expected Value in Decision-Making<\/strong><\/p>\n\n\n\n

This is something I am currently learning in the world of poker \u2013 with each bet, I need to weigh up the odds of winning that hand and compare the money I win to what I would need to invest. <\/p>\n\n\n\n

So, if I expect to make more money than I bet, that would be a positive EV.<\/p>\n\n\n\n

In entrepreneurship, I really should be calculating the EV of all major decisions! In the long-run, if I invest more time and money here, will I be getting a positive EV?<\/p>\n\n\n\n

Embracing Uncertainty<\/strong><\/p>\n\n\n\n

Uncertainty is the one thing you can be certain of in business, just like in poker! Except, in poker, it\u2019s called variance.<\/p>\n\n\n\n

This book encourages readers to embrace uncertainty and make peace with the fact that not all decisions will yield predictable results.<\/p>\n\n\n\n

Key Takeaways<\/h4>\n\n\n\n

What have I personally taken away from this book?<\/p>\n\n\n\n

Well, I am completely pivoting (or am I just quitting?!) my agency into something completely different. I am embracing the change.<\/p>\n\n\n\n

I think the major takeaways for everyone are:<\/p>\n\n\n\n

Strategic Quitting<\/strong><\/p>\n\n\n\n

Recognising the difference between quitting out of frustration or impatience vs quitting strategically. Annie produces a framework for evaluating when to persevere and when to pivot.<\/p>\n\n\n\n

Reframing Failure<\/strong><\/p>\n\n\n\n

Change your perspective on failure. Duke advocates viewing quitting as a valuable tool for learning and iterating, rather than seeing it as a sign of weakness.<\/p>\n\n\n\n

Decision Hygiene<\/strong><\/p>\n\n\n\n

I\u2019d never heard this term before, so it stayed with me. It refers to cultivating a mindful approach to choices, and Annie provides practical tips for reducing decision fatigue and making more deliberate choices.<\/p>\n\n\n\n

You\u2019ll Love This If You Love\u2026<\/h4>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Thinking Fast and Slow \u2013 Daniel Kahneman
The Lean Startup \u2013 Eric Ries
Thinking in Bets \u2013 Annie Duke<\/p>\n","protected":false},"excerpt":{"rendered":"

I was browsing a bookstore in Central London after leaving an industry event in a huff. I was so sick and tired of paying hundreds of pounds to go to conferences and seeing the same speakers speak about the same things. The truth was, I had been fed up with the industry for a long […]<\/p>\n","protected":false},"author":1,"featured_media":3449,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-3360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-books"],"acf":[],"_links":{"self":[{"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/posts\/3360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/comments?post=3360"}],"version-history":[{"count":5,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/posts\/3360\/revisions"}],"predecessor-version":[{"id":3470,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/posts\/3360\/revisions\/3470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/media\/3449"}],"wp:attachment":[{"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/media?parent=3360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/categories?post=3360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wordpressagency.london\/sc\/wp-json\/wp\/v2\/tags?post=3360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}