Link to article: Just Give Me a Framework
Last weekend, after the whirlwind of the first week in my new job at PIMCO, I reread all my essays written during my previous incarnation here – some 120 of them. Yes, I have masochistic tendencies, which I will explore with my therapist, in hope those tendencies haven’t advanced to a disorder.
Don’t think so, as I was simultaneously listening to Pink: Just Give Me a Reason!
It was a very useful exercise, in part to remind myself of what I said and when I said it, so as to faithfully own my priors going forward. Not that I don’t have the right to change my mind. I am a devout believer of Keynes’ dictum that when presented with new information, a person has not just the right but the duty to change one’s mind. Or in the famous words of Ralph Waldo Emerson, a foolish consistency is the hobgoblin of little minds.
PIMCO is not a little-minds place, but rather a right-answer-wins place. And getting the right answer is often about being willing to openly recast one’s view of how the world works, in the context of one’s prior view, rather than passively dismissing it. There is no shame in recognizing new realities, only in refusing to do so.