In a controversial speech by Lee Kuan Yew who served as the Prime Minister of Singapore from 1959 – 1990, he has a really great line about conviction:
“I ignore polling as a method of government. I think that shows a certain weakness of mind, an inability to chart a course. Whichever way the wind blows. Whichever way... See more
Letting there be room for not knowing is the most important thing of all. When there's a big disappointment, we don't know if that's the end of the story. It may just be the beginning of a great adventure. Life is like that. We don't know anything. We call something bad; we call it good. But really we just don't know.
One of my (many) contrarian beliefs is that we do not have strong enough preferences. We often blame social media or the speed of information as the reason why we’re easily distracted, but the real reason behind our inability to focus has less to do with the sheer quantity of media and more to do with our laziness when it comes to distinguishing... See more
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.