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The Courage of a Conviction
I'm struck by the courage that it takes to have a conviction about something so consequential, when the rest of the market is telling you you're wrong. I think one of the things that makes for really great investing, and some of the greatest investors of all time, they have the courage of their convictions. No, this isn't just digging in on something because you think you're right. These ideas are steeped in research. We a informed point of view about why we can see and believe things will be different than the world believes. And that takes a lot of courage.