Never Commit

Article by Tropical Value Investing

In Amazon’s 2016 letter to shareholders, Bezos introduced some tenets the company lives by. The one that struck me was “Disagree & Commit”:

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Third, use the phrase “disagree and commit.” This phrase will save a lot of time. If you have conviction on a particular direction even though there’s no consensus, it’s helpful to say, “Look, I know we disagree on this but will you gamble with me on it? Disagree and commit?” By the time you’re at this point, no one can know the answer for sure, and you’ll probably get a quick yes. – Jeff Bezzos

The principle seems to work...