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We Study Billionaires - The Investor’s Podcast Network cover image

TIP535: Insights from the World's Top Money Managers w/ Kristof Gleich

We Study Billionaires - The Investor’s Podcast Network

NOTE

Judge Not by Outcomes but by Intentions

In investing, the outcome of a decision should not be the sole criterion for judgment, as decisions are often made with imperfect information and foresight rather than hindsight. A degree of humility is essential, recognizing that past evaluations lack the context in which decisions were originally made. Emphasizing the importance of intention over result can help mitigate the temptation to critique management during challenging markets, underlining the need to appreciate the complexities and uncertainties inherent in investment decision-making.

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