It’s a statement made by Football boss Mauricio Pochettino. He is now one of the most highly-rated managers in world football.
He says ” After games, my wife gives me a lot of advice and criticism. Sometimes I am upset, I say why do you advise me this? But I like it, because to listen to a different point of view is always important. You can find a different position or point of view that can help you to be more creative.“
This is the point. Charlie Munger, (Warran Buffett’s partner) has often said, to try to fully understand the other person’s view. When you do, that helps your thinking and your own clarity of viewpoint.
It’s important when investing to keep asking questions. To see different viewpoints. To gather information and views from various sources. This helps your understanding and helps question how you are investing today. Can it be improved? Is it the best way? A new client said to me recently, that they didn’t want to sleepwalk into something without re-questioning their plans.
Whilst you wouldn’t believe you would sleepwalk into poor decisions, (it’s over-confidence bias), instead make an effort to provide yourself with the evidence.