h“I never allow myself to have an opinion on anything that
I don't know the other side's argument better than they do.”
— Charlie Munger
“We all are learning, modifying, or destroying ideas all the time.
Rapid destruction of your ideas when the time is right is one
of the most valuable qualities you can acquire.
You must force yourself to consider arguments on the other side.”
— Charlie Munger
“The ability to destroy your ideas rapidly instead of slowly when
the occasion is right is one of the most valuable things.
You have to work hard on it.
Ask yourself what are the arguments on the other side.
It’s bad to have an opinion you’re proud of if you can’t state the
arguments for the other side better than your opponents.
This is a great mental discipline.”
— Charlie Munger
Li Lu recently reminded me that Charlie Munger used to say something along the lines of “You’re not entitled to take a view, unless and until you can argue better against that view than the smartest guy who holds that opposite view. If you can argue better than the smartest person who holds the opposite view, that is when you are entitled to hold a certain view.”
That makes perfect sense.
While we all hold an opinion on almost everything, how many of us do the work required to have an opinion?
The work is the hard part.You have to do the reading. You have to talk to anyone you can find and listen to their arguments. You have to think about the key variables. You have to consider the system. You have to think about how you might be fooling yourself. You have to think not emotionally but rationally. And you need to become your most intelligent critic.
You have to do the reading. You have to talk to anyone you can find and listen to their arguments. You have to think about the key variables. You have to consider the system. You have to think about how you might be fooling yourself. You have to think not emotionally but rationally. And you need to become your most intelligent critic.
You need to have the intellectual honesty to kill some of your best-loved ideas. As Rabbi
As Rabbi Moses ben Maimon (1135-1204), commonly known as Maimonides, said: “Teach thy tongue to say I do not know, and thou shalt progress.”
Only then, when you can argue better against yourself than others, have you done the work to hold an opinion.
After you've done that, after you've done the work, that is the time you can say “Hey, I can hold this view, because I can’t find anyone else who can argue better against my view.”
Great thinkers, like Darwin, did the work necessary to hold an opinion. And it's one of the biggest reasons he's buried at Westminster Abbey.
Doing the work counteracts our natural desire seek out only information that confirms what we believe we know. When Darwin encountered opinions or facts that ran contrary to his ideas, he endeavored to not only listen but not to rest until he could either argue better than his challengers or understand how the fact fit. Darwin did the work. It's wasn't easy but that's the point.
The difference between the people that do the work and the people that just reel off memorized opinion is huge. When you do the work, you can answer the next question. This became clear when I was doing my MBA.
I was surrounded by people who could answer the test questions. They got good grades — actually, they got great grades. But an odd thing happened after school, a lot of those people couldn't apply their knowledge to problems they hadn't seen before.
They were chauffeurs — they knew the memorized answer. They couldn't answer the next question. We're all chauffeurs in some aspects of our life. This is why understanding your circle of competence is so critical to living a logical and rational life.
Doing the work means you can't make up your mind with a high degree of confidence right away.
Doing the work forces you to challenge your beliefs because you have to argue from both. You become the somewhat impartial judge. What's on trial is your opinion.
If you want to work with the world rather than against it, one of the major leverage points you can put effort into is how to distinguish between the people who've done the work and those that haven't — the Batesian Mimicry Test.