Maybe I'm Foolish. Maybe I'm Blind: Humility
It has been a busy month and at times, I found myself reflecting on the importance of humility.
Humility in front of a big idea. Having the humility necessary to be a steward of the capital of others. Being humbled by the talent, drive, and achieve of others.
What is the best asset a person could have? "Humility in the presence of a good idea." David Ogilvy
On the difference between humility and modesty: “Oprah put her hand on mine and said, “Don’t do that. Don’t be modest. Dr. Maya Angelous used to say, ‘Modesty is a learned affectation'. You don’t want modesty, you want humility. Humility comes from the inside out.” That's a quote from Untamed by Glennon Doyle, which I've written incomplete thoughts about in Why Feminism is Hard in Practice.
On intellectual humility in the investing process: "One of the biggest mistakes an investor can make is ignoring or denying his or her biases. If there are influences that make our processes less than objective, we should face up to this fact in order to avoid being held captive by them." Howard Marks.
On humility of your own limitation: Reflections from Isle Royale. My friend, Tim, has been on a two-year quest to visit every U.S. National Park and just wrote up from his solo-experience at Isle Royale located in the middle of Lake Superior. He arrived there immediately after signing his divorce papers.
Humility is one of the three values at Delivery Associates, the company I co-founded. I didn't pick that value. And I had considered it a more British value, but the wisdom in its importance has shown itself over time. Below is how we've defined the behaviors of humility.