Welcome to yet another recurring theme type of posts! Modeled after Xi Jin Ping penning down his thoughts for the Middle Kingdom after Mao and Deng, this series will pen down bite size thoughts from the great investors as well as other thought leaders.
Here’s the first inauguration thought from David Einhorn taken from an excerpt of a talk he gave recently. He was asked this interesting question from the audience and his answer was just enlightening.
Audience: Do you sort of stick to your guns, when it comes to entering contrarian positions and holding it until it works out?
David: First of all, it’s not about sticking to your guns. It’s about reassessing constantly. And when the positions don’t work, or they go against you, the presumption is not we were right, the presumption is that we might have missed something here. And so then, you have …