Overpowered Metrics Eat Underspecified Goals
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Overpowered Metrics Eat Underspecified Goals
Our tone should always resonate with the humility of one who speaks with authority under the authority of another (2 Tim. 4:2).
Bryan Chapell • Christ-Centered Preaching
Objectives are well and good when they are sufficiently modest, but things get a lot more complicated when they’re more ambitious. In fact, objectives actually become obstacles towards more exciting achievements, like those involving discovery, creativity, invention, or innovation—or even achieving true happiness. In other words (and here is the pa... See more
Joel Lehman • Why Greatness Cannot Be Planned: The Myth of the Objective
The same idea applies to investing. The continuous goal, in my case, is a portfolio that has distinct advantages versus the market along dimensions like value, momentum, capital allocation, etc. There are no price targets, no return targets, no staking my results on a given outcome for a given company. A goalless process like this is incredibly ha
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