I think there's a lot of conformity bias in investing and in life generally. If you look at most investment committees, most investment letters, most investment frameworks, they look the same. And I think that there's a reason for that — it's career protection. If you're wrong and you're wrong the way everyone else is wrong, then you're not singled out.
It's really amazing that he doesn't want other inputs like that may vary from his rich friends. It's just I find it it's just not good policy not to have people who doubt each other and debate it.
3mo ago
Underscored — save the words that stop you in your tracks.
