Former World Series of Poker Champion and best-selling author, Annie Duke, returns to the show to discuss the concepts from her book, Quit: The Power of Knowing When to Walk Away.

Annie shares insights on how grit, often celebrated as a virtue, can also lead to sticking with paths that no longer serve us. Joe and Annie draw parallels to other high-profile figures like Jerry Seinfeld and Will Smith, who chose to step down from projects at the pinnacle of their careers. They also dive into Joe’s decision to retire from the Army. During the episode Joe and Annie discuss the following topics:

• The double-edged nature of grit and its impact on decision-making.
• Joe's personal experience of deciding to retire from the military and the concept of quitting at a high point in one's career.
• The concept of 'jumping the shark' and the challenges in identifying the right time to quit.
• How to separate your identity from your career
• The importance of setting 'kill criteria' to effectively determine when to quit under uncertainty.
• The role of intuition, sunk costs, and fear of the unknown in decision-making processes.
• Using the monkeys and pedestals mental model before starting a major project

Annie is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book, Quit: The Power of Knowing When to Walk Away, was released in 2022 from Portfolio, a Penguin Random House imprint. Her previous book, Thinking in Bets, is a national bestseller. As a former professional poker player, she has won more than $4 million in tournament poker.

During her career, Annie won a World Series of Poker bracelet and is the only woman to have won the World Series of Poker Tournament of Champions and the NBC National Poker Heads-Up Championship. She retired from the game in 2012. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania. In 2023 Annie completed her PhD in Cognitive Psychology at UPenn.

Annie is the co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education. She is a member of the National Board of After-School All-Stars and the Board of Directors of the Franklin Institute.

Special thanks to this week's sponsors!

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My favorite coffee is veteran-owned Alpha Coffee and I've been drinking it every morning since 2020! They make 100% premium arabica coffee. Alpha has donated over 22k bags of coffee to deployed units and they offer a 10% discount for military veterans, first responders, nurses, and teachers! Try their coffee today. Once you taste the Alpha difference, you won't want to drink anything else! Learn more here.

Former World Series of Poker Champion and best-selling author, Annie Duke, joins Joe to share her journey from studying cognitive science to becoming a poker legend, and how this experience led her to explore the cognitive underpinnings of decision-making in everyday life.

Joe and Annie explore the fundamental concepts from her book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, and discuss how treating life’s decisions as bets can significantly improve how we navigate uncertainty. Some of the topics they discuss include:

• The two factors that determine the quality of your life
• Using poker strategies for making decisions
• Separating outcome quality from decision quality
• How our self-narrative affects reflection and learning
• The benefits of mental time travel
• ...and much more

Annie is an author, speaker, and consultant in the decision-making space, as well as Special Partner focused on Decision Science at First Round Capital Partners, a seed stage venture fund. Annie’s latest book, Quit: The Power of Knowing When to Walk Away, was released in 2022 from Portfolio, a Penguin Random House imprint. Her previous book, Thinking in Bets, is a national bestseller. As a former professional poker player, she has won more than $4 million in tournament poker.

During her career, Annie won a World Series of Poker bracelet and is the only woman to have won the World Series of Poker Tournament of Champions and the NBC National Poker Heads-Up Championship. She retired from the game in 2012. Prior to becoming a professional poker player, Annie was awarded a National Science Foundation Fellowship to study Cognitive Psychology at the University of Pennsylvania. In 2023 Annie completed her PhD in Cognitive Psychology at UPenn.

Annie is the co-founder of The Alliance for Decision Education, a non-profit whose mission is to improve lives by empowering students through decision skills education. She is a member of the National Board of After-School All-Stars and the Board of Directors of the Franklin Institute.

Special thanks to this week's sponsors!

Veteran-founded Adyton. Step into the next generation of equipment management with Log-E by Adyton. Whether you are doing monthly inventories or preparing for deployment, Log-E is your pocket property book, giving real-time visibility into equipment status and mission readiness. Learn more about how Log-E can revolutionize your property tracking process here!

My favorite coffee is veteran-owned Alpha Coffee and I've been drinking it every morning since 2020! They make 100% premium arabica coffee. Alpha has donated over 22k bags of coffee to deployed units and they offer a 10% discount for military veterans, first responders, nurses, and teachers! Try their coffee today. Once you taste the Alpha difference, you won't want to drink anything else! Learn more here.

Colin Stevens, author of Make Your Mark: Lessons from Legends for a Life of Fulfillment and Impact, joins the show to share his inspiring story of chasing a dream that didn't pan out the way he thought it would and the lessons he's learned along the way. Joe and Colin talk about the following topics:

• The importance of self-belief for achieving success
• Why we should study the "full game" over the "highlight reel".
• Leadership through transparency and owning mistakes.
• The impact of social media on young athletes' mental health.
• How to develop resilient kids
• The role of fear and failure in pursuing passions.
• The power of being true to oneself.

Colin Stevens is a former Division 1 basketball player and senior year team captain at Coastal Carolina University. After working in the banking industry for years, he left the 9-5 to embark on an entrepreneurial journey and start his own business. He has since created two successful brands in the basketball development industry.

For the past five years, Colin has worked as a life strategist and performance coach. He has been hired by professional athletes, business executives, and entrepreneurs to help them maximize their potential. With a unique approach that combines his sports background and personal development expertise, Colin enhances decision-making, personal growth, and emotional intelligence.

Colin is the published author of two books, COACHABLE, and his most recent book with raving reviews, Make Your Mark. He is a sought-after speaker and trainer for various companies, motivating and empowering others to reach their full potential. Learn more about Colin at www.thecolinstevens.com

Special thanks to this week's sponsors!

Veteran-founded Adyton. Connect Leadership With Action Across Distributed Formations With Mustr by Adyton. Mustr is your digital knife-hand for daily and rapid personnel accountability, real time response data visibility, and automated reporting. Learn more about what Mustr can do for your formation here!

My favorite coffee is veteran-owned Alpha Coffee and I've been drinking it every morning since 2020! They make 100% premium arabica coffee. Alpha has donated over 22k bags of coffee to deployed units and they offer a 10% discount for military veterans, first responders, nurses, and teachers! Try their coffee today. Once you taste the Alpha difference, you won't want to drink anything else! Learn more here.