Undiscovered Compounders (@undiscoveredcompounders): "There are 2 types of mistakes in investing: analysis mistakes → usually situation-specific, and obvious in hindsight. process mistakes → apply to almost every investment, and love staying hidden. That’s a huge incentive to focus on process mistakes: find them early, fi…"

There are 2 types of mistakes in investing:

analysis mistakes → usually situation-specific, and obvious in hindsight.
process mistakes → apply to almost every investment, and love staying hidden.

That’s a huge incentive to focus on process mistakes: find them early, fix them fast (checklists, premortems, inversion).

Mar 2

3:26 PM