Monday, November 27, 2017

Red Flag Perfection

Josh Waitzkin talks of 'Investing in Loss'. In investing, a perfect track record is a red flag. The world is complex, uncertain and ambiguous. Getting it right every time suggests you are neither learning nor, if for too long a period, honest. It isn't that we should celebrate mistakes or failure, but there is always more opportunity to learn and grow with regular small mistakes. It is like going to the gym and gradually building up the size of the weights through being a little sore, rather than suddenly picking up something way too heavy and putting your back out. If something is a guaranteed success with no pain, it isn't.

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