Conviction
The document delves into the importance of conviction in business ownership, detailing the role of explicit and implicit convictions in investing decisions and the concept of Quality in company assessment.
greenlealane.comSaved by alex
Conviction
The document delves into the importance of conviction in business ownership, detailing the role of explicit and implicit convictions in investing decisions and the concept of Quality in company assessment.
greenlealane.comSaved by alex
More worrying is that the questionnaire poses binary questions, asking, for example, whether you value sentiment more than logic or vice versa. The question assumes that there is a simple answer to this question, absent of context. Yet in real life, preference is highly contextual: I value logic when purchasing car insurance; I may value sentiment
... See moreThe key to step 3 is to make discerning decisions by applying more than one way of knowing, and in particular not applying just cognitive judgment by itself,
Sound judgment, achieved through aggressive truth seeking, is your most differentiating and deterministic trait. Despite all the hard work you do and the good luck you garner, you can lose it all with a tainted decision—and compound your outcome with an enlightened one. It’s all about being honest. This was the founding core principle behind Bridge
... See moreAs long as you Know Your Micro-Motives—and have a realistic appraisal of the demands of an opportunity—then you will be a better judge than anyone else of the riskiness of a choice, because you will be a better judge of fit.