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The Importance of Discipline
I would have thought if one is hoping to succeed as an investor, an allocator of capital over a long period of time, you must preference the reflective over the reactive. The most precious asset all of us own is not some stock or bond or private equity investment or it's our time. And my dream week is to open the calendar and other than family commitments, there's nothing in it. I'm always someone interesting to speak with or talk to. But I find that all the mistakes I make are either because I pretend or I get caught up in a narrative that I haven't adequately reflected upon. So it's a battle, but it starts with discipline and I continue to work on