The hard thing about learning from experience is that you don’t know how to make sense of your experience.
This is a companion discussion topic for the original entry at https://commoncog.com/the-hard-thing-about-learning-from-experience/
This is a companion discussion topic for the original entry at https://commoncog.com/the-hard-thing-about-learning-from-experience/
Does this mean that its much easier to get stuck and fail to unlearn in wicked market environments? After all, it’s harder to assess the validity of your mental models.
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Yep!
It’s part of the reason why I really enjoyed @brian’s Beware of Tight Feedback Loops — investing is an extremely wicked domain, and Brian’s conclusions were independently derived from practice.
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