Investing: The Three Most Important Words? ‘I Don’t Know’
I reckon that the 3 words apply to more than just investing.
Check out the article from Bloomberg view at: https://www.bloomberg.com/view/articles/2016-09-09/the-three-most-important-words-i-don-t-know
The main bits in this article that stood out:
The basic lesson here is that when people are too embarrassed to say “I don’t know,” bad things happen.
The unwillingness to admit error is a consistent problem for investors — really for everyone. We need to get over it.
As Event + Response = Outcome: If you change one part of the equation and the rest of it is altered…. Time for a suss, I think.