What Have You Learned? - by Tom Morgan - What's Important?
"In business or out of it, there’s nothing unusual or shameful about making a mistake. Once. But to stumble twice against the same stone is a proverbial disgrace." -J. Paul Getty I’m fortunate to know one of the best-performing hedge fund managers ever. I once asked him how he does it. He said that he meticulously identified and analysed all his errors with such obsessive precision that he rarely made the same mistake again. Whether it’s Buffett, Tudor Jones or Soros, a cursory Google will reveal hundreds of similar insights about the immense value of investors analysing their mistakes. I recently encountered a new, and also potentially insane, understanding of mistakes that has been surprisingly useful and therapeutic. My life seemed to be a series of events and accidents. Yet when I look back, I see a pattern. – Benoît Mandelbrot One of the most interesting books I’ve read so far this year is Proof of Spiritual Phenomena by Mona Sobhani, PhD. While her presentation of the evidence in
"In business or out of it, there’s nothing unusual or shameful about making a mistake. Once. But to stumble twice against the same stone is a proverbial disgrace." -J. Paul Getty I’m fortunate to know one of the best-performing hedge fund managers ever. I once asked him how he does it. He said that he meticulously identified and analysed all his errors with such obsessive precision that he rarely made the same mistake again. Whether it’s Buffett, Tudor Jones or Soros, a cursory Google will reveal hundreds of similar insights about the immense value of investors analysing their mistakes. I rece
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