Chapter
Cultivating a Culture of Changing Minds in Organizations
1:49:32 - 1:55:16 (05:44)
The ability to change our minds is innate, but it can be cultivated by creating a culture that values standing up to new information, changing one's mind, and recognizing others who do the same. While postmortems may not always be required, revisiting assumptions and being open to changing one's mind is necessary for success in investing.
Clips
The ability to change one's mind and be rational is essential for growth and progress.
1:49:32 - 1:52:08 (02:35)
Summary
The ability to change one's mind and be rational is essential for growth and progress. Creating a culture that allows for standing up to new information and praising those who change their minds can foster this skill.
ChapterCultivating a Culture of Changing Minds in Organizations
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
Even though a heavy emphasis on postmortems can breed fear in those who want to take risks, there is still a need for revision of thinking and changing of assumptions for investments.
1:52:08 - 1:54:14 (02:06)
Summary
Even though a heavy emphasis on postmortems can breed fear in those who want to take risks, there is still a need for revision of thinking and changing of assumptions for investments. It takes work to fight against initial instincts and revisit companies for future investments.
ChapterCultivating a Culture of Changing Minds in Organizations
Episode#618: Roelof Botha — Investing with the Best, Ulysses Pacts, The Magic of Founder-Problem Fit, How to Use Pre-Mortems and Pre-Parades, Learning from Crucible Moments, and Daring to Dream
PodcastThe Tim Ferriss Show
The speaker highlights the importance of learning from past investment decisions to inform future decisions.
1:54:14 - 1:55:16 (01:02)
Summary
The speaker highlights the importance of learning from past investment decisions to inform future decisions. They discuss the need to balance continuity with fresh perspectives when re-analyzing a company and ensuring the right people are involved in the decision-making process.