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Conflicting Skill Sets
Conflicting Skill Sets
F. Scott Fitzgerald said intelligence is “the ability to hold two opposing ideas in your head at the same time and still retain the ability to function.” It’s so hard to do. But there are all kinds of examples of when it’s necessary in investing. Getting rich requires the willingness to take big risks. Staying rich requires the paranoia to avoid big risks. Trusting your gut means there are true things that you can’t articulate. Being skeptical of your biases means knowing that you confidently articulate things that aren’t true. Being contrarian requires taking a stance most people don’t agr...
·collaborativefund.com·
Conflicting Skill Sets