Judgment
In an internet era where people are quick to judge, and even worse, turn against you for believing in something different than the mainstream expectation, it is easier (and much more forgiving) to default to a summary of facts and current affairs and some obvious forward looking “takes.” If things go wrong / not according to plan, having aligned with the consensus decision and following the rules according to the pack never gets you punished… but it also makes it difficult to ever actually get ahead. Committing to an idea, to a set of actions… requires a deeper type of thinking. What do you actually believe in? Are you willing to stand by this publicly? Have you done the work such that you have real information to make your case? Research and memorization is a different exercise than reflection and analysis. Related, I tend to believe the latter form of thinking creates great investors over a long time horizon (horizontal frameworks instead of domain-specific expertise). My thinking si
Judgment June 15, 2024 June 15, 2024 Judgment grace@pacecapital.com grace@pacecapital.com Archive Archive UV Earlier this year I wrote about a widespread aversion to holding firm beliefs / opinions: In an internet era where people are quick to judge, and even worse, turn against you for believing in something different than the mainstream expectation, it is easier (and much more forgiving) to default to a summary of facts and current affairs and some obvious forward looking “takes.” If things go wrong / not according to plan, having aligned with the consensus decision and following the rules a
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