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#270: Investing Wisdom from Marc Andreessen, Peter Thiel, Reid Hoffman, Chris Sacca, and Others
The Tim Ferriss Show
The Pros and Cons of Decisions
Making the right judgment call is crucial but challenging, as both choices can have unforeseen consequences. The counterfactual unit keeps us wondering about alternative outcomes. It's impossible to know the relative result of our decisions and the alternative path. Therefore, relying on judgment and intangible factors is essential. Partner meetings in hedge funds stress test ideas, where defending proposals and analyzing substantial investments take place. Hedge fund managers can reverse decisions quickly if needed.
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