The most valuable skill

Smart investors look for deals where there’s lots of upside and little downside. It’s called asymmetrical risk reward. Here’s a deal for you. It’s just sitting and waiting for you to pick it up.

People are terrified to take responsibility. They’re quick to pass the buck. They’d rather not risk failure.

We know that failure isn’t that bad—in fact, it’s not bad at all. Making the wrong decision is better than not making a decision. Then we can own it. We can accept responsibility.—which turns out to be another rare and valuable trait. We can continue to earn trust, get smarter, make better decisions, and earn more trust.

There isn’t time to waste. When no one will make a decision, gladly accept this responsibility. It’s as good a printing press an anything.

 

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