Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors cover image

#164 Essay Breakdown: “The Playing Field” by Graham Duncan | Outliers with Daniel Scrivner

Outliers with Daniel Scrivner: Explore the Greatest Innovators, Founders, and Investors

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The Importance of Mastery in Investing

It is only as managers transition to level four that their skills allow them to manage capital at scale. Getting to level four requires what one investor I admire calls a belief in what's possible. The small minority of managers who reach this level are truly absolute return oriented. They define success in terms of what they believe they can achieve over decades, not relative to what others are achieving at any given moment.

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