Being Locked into a Single View is fatal in an economy where reversion to the mean and competition constantly dismantles old strategies.
"People talk about traits that make good investors and business leaders. They're usually skills that push you in the same direction: Intelligence and patience, creativity and ingenuity, leadership and charisma. But lasting results often requires traits that are polar opposite to each other, like unwavering conviction and the ability to move on from an idea when its time is up. "Strong beliefs, weakly held," the saying goes. Easier said than done.
Hat tip ~ Morgan Housel, The Trajectory of Great Ideas
Tuesday, August 14, 2018
Monday, August 6, 2018
Today, most of the public is unaware that we are in the midst of a moment of new understanding. In recent decades, a revolution has taken place in our scientific and mathematical understanding of the systemic nature of the world we inhabit....
Posted by MainandWall™ at 3:53 AM