Conviction
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.
greenlealane.comSaved by alex
Conviction
I’m thinking about conviction, because it is so rare.
A lot of people start off with conviction, but life, hardships, and other people’s opinions get in the way, and they stop believing in the greatness of their own ideas.
I’ve met intelligent types with lots of skills and advantages at their disposal. But they usually don’t know where to go with the... See more
A lot of people start off with conviction, but life, hardships, and other people’s opinions get in the way, and they stop believing in the greatness of their own ideas.
I’ve met intelligent types with lots of skills and advantages at their disposal. But they usually don’t know where to go with the... See more
sari azout • Taste, Conviction, Elon Musk
Only after you understand the relative importance of all the underlying assumptions should you green-light the team—but not in the way that most companies tend to do. Instead, find ways to quickly, and with as little expense as possible, test the validity of the most important assumptions.
Clayton M. Christensen • How Will You Measure Your Life?
in navigating that space, you have the lighthouse of knowing and revisiting the question that guides you—and the artistic permission to ask a big enough question that you don’t know whether you might fail. The next tool is figuring out how to manage the risk of the question by applying investment thinking to your lighthouse, placing your question i
... See more