Highlights

Life is made up of judgment calls, and the more you can avoid distorting your perception of reality, the better your judgment will be.

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When a forecaster recognizes he was wrong, it helps him make better forecasts. When an investor recognizes he was wrong, it helps him make better investments.

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Holding an identity lightly means thinking of it in a matter-of-fact way, rather than as a central source of pride and meaning in your life. It’s a description, not a flag to be waved proudly.

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