Mayer's insights echo John Keats' philosophy of negative capability, emphasizing the importance of embracing uncertainty as essential for long-term investing and wealth compounding.
Investing in quality generally requires embracing uncertainty. It's difficult to assign intrinsic value to truly great businesses, yet they have high future potential.
Investors must navigate the unpredictable nature of markets and possess a mindset shift to unlock the exponential outcomes associated with long-term investing.
To invest successfully over time, one must accept that while future value is uncertain, the direction tends to be positively skewed.
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