Judgment Is the Decisive Skill

Everything we've discussed so far has been setting you up to apply judgment.

• In an age of infinite leverage, judgment becomes the most important skill 0:00

• Everything else you do is setting you up to apply judgment 1:21

• Judgment is knowing the long-term consequences of your actions 2:40

• Without experience, judgment is often less than useless 3:15

• The people with the best judgment are among the least emotional 4:05

• A lot of the top investors often sound like philosophers 5:18

• The more outraged someone is, the worse their judgment 6:00

Transcript: http://nav.al/judgment