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#110 Jim Collins: Relationships vs. Transactions
The Knowledge Project with Shane Parrish
The Opening Bid of Trust
The concept of the 'opening bid' in establishing relationships with others revolves around deciding whether to assume trust or not. Choosing to start with the bid of trust means assuming that someone is trustworthy and offering them the benefits of that trust, even though trust can be lost. This decision significantly impacts various aspects of life. While it's acknowledged that not everyone is trustworthy, opting for the trust bid initially is a stance towards life. It's crucial to remain vigilant and not leave oneself exposed to catastrophic consequences by trusting blindly, especially in financial matters.
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