An insightful blog post1 the other day railed against having lots of ideas and emphasised the need to stay on track, to concentrate on execution of The Big Idea. Here’s the other side of that argument.
There are many economic activities in which the rapid generation of ideas is a must have – take trading as one example. This is purely the game of projecting your ideas for where the market is going onto what is happening in reality. And just as you must see both sides of the trade as they say, so too do you need to foresee multiple scenarios ahead in order to understand all potential market movement. Because how it gets to the projected end result is just as important as when/if it gets there. Multiple & even contradictory ideas are the lifeblood then on which trading activity is based.
Continue reading ‘In Defence of Ideas’
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