[Recommend my two-volume book for more reading]:
BIT & COIN: Merging Digitality and Physicality
I recall a story of Dan David, an activist short-seller against fraudulent Chinese stocks.
In a case he made against a company that he believed was committing fraud, there was a moment he was somewhat nervous after he had published his report exposing the fraud.
Although he was highly confident of his investigation and had carefully and objectively reasoned to reach his conclusions, he still had a lingering uncertainty:
What if I misinterpreted the other party’s intention and action? What if I missed a legitimate point that this company might have? After all, I am not them, not the one who actually did those acts; my conclusion is only based on observable evidence and reasoning…
But then came the company’s response. It was ad hominem attacks, plus several accusations about him that he knew (as the first person) were untrue.
That was the moment he gained total peace. He knew he was right after seeing the response. The other side had proven it to him.
Being a short seller, he still needed to convince others that he was right, but having it completely proven to himself by the other side was precious.
There are three things about oneself:
(1) be right,
(2) be proven right to yourself;
(3) be proven right to others.
The first is Conscience, the second is Confidence, and the third is Influence. They have different weights in importance. To myself, the first carries 90% of the weight, the second 9%, and the third 1%. The 1% is nice but not vital.
[Recommend my two-volume book for more reading]: