Cocke: Great investors operate at the intersection of hubris and humility
Chas Cocke · Chas Cocke - From Allocator to Manager (Capital Allocators, EP.224) · Nov 29, 2021 · at 42:58
Chas Cocke of LB Partners discusses the psychological paradox required to succeed in concentrated portfolio management.
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“The great investors live at the intersection of hubris and humility. You have to be arrogant enough to believe in yourself and your ideas and your research. And yet you've got to know that you're going to be wrong almost as often as you're right. And that set of trade offs does not lend itself well to someone who's investing scared.”
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