In life, there are things that we should be convicted and committed to. For example, the love for our families, spouses, and religious beliefs. We can also be convicted about other things, such as political ideologies, social issues, and environmental causes. With the rise of social media, individuals’ conviction is easy to see and the source of the “great divide” in today’s society (and I would argue not for the better.)

However, when investing, having an absolute conviction in any ideology or thesis can lead to lost opportunity or lost capital over time. Friederik Gieschen wrote an interesting post about great investors and the risk of conviction to capital.