Mimicking the herd invites regression to the mean. As a truly active manager, if you're not making bets that look wrong to most people most of the time, you're not doing your job.
You might also like
To poverty I owe the fact that I never went to college. I spent those four years in the school of experience instead of the school of theory.
Claude Hopkins — Founders
Martin believes this may be the biggest unlock of wealth he's seen since the 1990s.
The a16z Show
On some of these trips, actually, when you get into the kayak, you don't even know. You stretch the spray skirt on over the cockpit and you don't know if that's the last time you'll ever be doing that and you sort of pray that it's not.
Peter Heller — Fresh Air