The Attention Span. “Articulate and Incompetent.”
As volatility rises, opinions multiply. Temperament and experience becomes more important.
What if there was a way you could enhance your emotional resilience, expert intuition and physical and mental health?
Oh look a 🧵👇!
Conversation
On Wall Street it’s widely accepted that pessimism sounds smarter and sells better. This is especially true during the kinds of volatile periods we’re experiencing right now.
It has also been a catastrophically bad long term investment strategy.
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An articulate, logical and consistent argument is not REQUIRED to have any relationship with actual reality.
“The internet is choked with blindly ambitious and professionally inexperienced men giving each other anecdote-based instruction and bullet-point advice.”
- Anna Weiner
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So whenever someone offers you their opinion, a superb initial question paraphrases :
“What have you experienced that makes you believe what you do?”
It immediately anchors abstract ideas back to real-world experience.
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A phenomenal recent piece from examines Ray Dalio's concept of “believability.”
Believable people have a record of at least three relevant successes, and have great explanations of why their approach worked.
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Replying to
God, I love "For example, Dalio’s expertise might lie in organizational structure for hedge funds, rather than macroeconomic forecasts."
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Also the gifs in this thread are great.