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David Epstein on “Range: Why Generalists Triumph in a Specialized World”
The Next Chapter by American Express Business Class
The Importance of Thinking Like an Outsider
Studies show the importance of thinking like an outsider even when considering one's own situation./nPrivate equity investors predicted lower returns for their own investments after seeing similar outside investments./nThis concept is called the outside view./nUsing the inside view, which focuses on specific project details, may not lead to accurate judgments./nStarting with the outside view can provide a more objective perspective.
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