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.
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Conviction
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 moreScott Belsky • The Messy Middle: Finding Your Way Through the Hardest and Most Crucial Part of Any Bold Venture
Countless fortunes (and failures) owe their outcome to leverage. The best (and worst) managers drive their employees as hard as they can. “The customer is always right” and “customers don’t know what they want” are both accepted business wisdom. The line between “inspiringly bold” and “foolishly reckless” can be a millimeter thick and only visible
... See moreMorgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
I’m thinking about conviction, because it is so rare.
A lot of people start off with conviction, but life, hardships, and other people’s opinions get in the way, and they stop believing in the greatness of their own ideas.
I’ve met intelligent types with lots of skills and advantages at their disposal. But they usually don’t know where to go with the... See more
A lot of people start off with conviction, but life, hardships, and other people’s opinions get in the way, and they stop believing in the greatness of their own ideas.
I’ve met intelligent types with lots of skills and advantages at their disposal. But they usually don’t know where to go with the... See more
sari azout • Taste, Conviction, Elon Musk
