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The Importance of Objectivity and Open-Mindedness in Investing
This chapter discusses the challenges of analyzing stocks and emphasizes the importance of seeking out disagreeing views and being open to changing one's mind based on new information. The speaker shares their experience of reading an opposing opinion that turned out to be incorrect and discusses their evaluation of the banking industry. They also talk about the challenges of changing one's mind quickly in investing and the benefits of taking a less active approach.