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Bias For Clarity

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Bias for action. Gets things done. Go-getter. Traits companies big and small look for. And for good reason, you're being hired to do things! However, action is a secondary step that often overshadows the primary step, direction.   Clear direction is the foundation that enables our actions to takeoff. Without it, we're stuck in the mud.  Striving for clarity is an underrated skill. Having the courage to ask ( seemingly ) obvious questions, and to check in, making sure we're all on the same page. "O bvious " questions are a low risk, high reward way to add value. At worst, you'll add confidence to our actions. At best, you discover a misalignment that saves us from a dead-end.  The more people, the more clear we need to be. The bigger the initiative, the bigger the risk of reaching the finish line, only to realize expectations were off.  Success is always uncertain. But we can be certain about what we want and what everyone's job is. Things that can be clea
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A Different Take On Passive Vs. Active

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My investment strategy is simple, I buy few index ETFs and hold them forever. Happy with market returns, I forgo any attempts at outperformance. I've written a fair amount about my liking for a low-effort, low-fee, passive strategy. Despite this, I am not at all against active investing. 

You can be very successful picking the right investments. I know those who've made a lot doing so. I also know those who've lost a lot. These groups are not mutually exclusive. 

Active investing is hard, and it very well should be. If everyone could do it, all profits would vanish. Only a few outliners will ever do well. This applies across all fields. Only a few players will make it to the NBA, even fewer will win a ring. Only a few authors will get a publishing deal, even fewer will make the best-sellers list. It takes a lot of effort (plus some luck) to become elite. If you're able to rise above, tremendous fortunes await. 

With great rewards come great risk. The risk of wasted effort, forgoing opportunities, and losing it all. 

Risk is why I invest like I do. I have a long enough time horizon and a modest enough lifestyle to achieve my goals without being an amazing investor. I can afford NOT to take these risks, so why do it? I can focus my efforts and take risks in other areas. 

So unlike die-hard passive investors, I think it is indeed very possible to beat the market. It's just comes with risks, fortunately risks that I don't need to take. 







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