1. Process over outcomes. Making one good call is luck. Focus on building a repeatable process that lets you keep getting lucky. This is what separates one-cycle wonders from winners. That means regular self-assessments, meticulous note-taking, and documenting processes so that others can learn or refine.

2. Maintain your confidence. People in authority don’t always know the answer. This is especially true for your “seniors” or anyone you deem as competent. Assert your views, take mistakes as part of the process and don’t let them discourage you.

3. Disagreement between smart people is alpha, embrace it. Value being proven wrong, and always bang the table if you feel strongly about something that others do not yet see. Independent thought drives investment outcomes, and disagreement is the basis of independent thought. Whenever there is a vehement disagreement, one side is usually right in a big way.

4. Pain + Reflection = Progress. When you make a mistake, do not attempt to hide it or explain it away. Mistakes are expected in a game where losing 49% of the time is still considered winning. When you make a mistake, make a habit of writing them down in Post Mortem logs so your team can learn as well.

5. Know your spikes, hone your edge. A strength in one context is almost always a weakness in another. Learn your spikes - personality traits, temperament, instincts, modes of reasoning - that are more useful in some situations than others.