be honest about your failures in order to reflect and learn from them

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But that won’t work if you’re trying to assess or build your circle of competence. You need to keep a precise diary of your trades, if you’re investing in the stock market. If you are in a leadership position, you need to observe and chronicle the results of your decisions and evaluate them based on what you were trying to achieve. You need to be honest about your failures in order to reflect and learn from them. That’s what it takes.

Link:: Great Mental Models, Volume 1

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