Part 7/9:
A potent insight shared by Pal revolves around the all-important balance of focus and calculated risk. He highlights that in investing, where time is a finite resource, an undiversified focus can yield greater rewards.
The Importance of Ask Questions and Maintain Flexibility
By continuously questioning assumptions and being open to change, individuals can adapt their journeys toward investing and entrepreneurship. Whether it involves evaluating past failures or exploring new ideas, the mantra of “I don’t know” allows constructive experimentation without the fear of ego dictating decisions.