2min chapter

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Ep. 63 - NZS Capital: Complexity Investing

The Investing City Podcast

CHAPTER

The Biggest Mistake in Investing Is Overconfidence

The biggest mistake we make is overconfidence. We think conviction, most of the time, is just over confidence. So that's what we stamp out. And our biggest mistakes have been ones of over confidence. That's why we enable the team, and we really charge the team with calling out by us. What we're trying to create is an organization that has high psychological safety,. Never attacking the person, but always the idea - then attacking the bias in that idea over time.

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