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#39 The Optimizer
Behind the Balance Sheet
Adapt and Assess: The Art of Mistake Management
Implement a mistake management protocol when company results diverge from initial investment theses. Increasing pressure for reassessment can prevent the pitfalls of stubbornness. Investors must differentiate between patience and stubbornness; the former is based on informed responses to new data, while the latter involves ignoring critical information. Constantly reviewing positions ensures that adjustments are made in light of new insights, thus preventing undue losses.
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