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
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