Changing your mind Quote by John Manley
“Be flexible. Don't be afraid to change your mind. If you're wrong, change your mind. If you go down the wrong path, and you're down 10-12%, it's better to sell down 15% versus 50%. If you have an idea that something is going to happen, you're predicting the future, and it's OK to be wrong. Where you can go wrong is by making a prediction that doesn't come true, and then sticking with it.”
About This Quote
Source Speech: Financial Strategy Conference, 2022
Flexibility in thinking and investing prevents large losses; adjust predictions when evidence changes.
In simple terms: Be adaptable and correct mistakes early.
Key Takeaway
Stay flexible and revise plans promptly.
Themes
adaptability
risk management
learning
decision‑making
Mood
pragmatic
analytical
Type
strategic
inspirational
When to use this quote
- investment
- career planning
- project management
Key Concepts
cognitive bias
probability
market dynamics
Questions to Reflect On
- When did you cling to a wrong belief?
- What signals tell you to pivot?
A Different Perspective
Over‑reliance on initial forecasts can lock you in.
