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Kevin's avatar

Loved this, David! A quote I heard from Jason Zweig WSJ, in his being gobsmacked about his conversations with Kahneman said something like ... "he has no sunk costs." If he's been working on something for a while and it turns out not to be the thing, or he has new information he has no problem giving up the ghost and moving on.

That's been incredibly helpful to me not just in business but in sports, relationships and in general living my life.

I want to be right. It's nice to be right. But I don't care about being right.

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The Innovation Show's avatar

Great piece David, it reminds me of a Richard Dawkins story: "A formative influence on my undergraduate self was the response of a respected elder statesmen of the Oxford Zoology Department when an American visitor had just publicly disproved his favourite theory. The old man strode to the front of the lecture hall, shook the American warmly by the hand and declared in ringing, emotional tones: ‘My dear fellow, I wish to thank you. I have been wrong these fifteen years.’ And we clapped our hands red. Can you imagine a Government Minister being cheered in the House of Commons for a similar admission? “Resign, Resign” is a much more likely response!"

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