Iteration

There is a framework that has become very popular amongst software engineers.
 

It’s called agile.
 

The Agile Manifesto, only 68 words long sticks to these principles below. We’ll go through three of them and see how it can apply to investing.
 

Individuals and interactions > processes and tools

Think of how much more quickly you could get information from talking to someone at a company than by reading online.

 Working software > comprehensive documentation
 At some point, you have to start investing rather than just reading about it.

 Responding to change > following a plan
 The world is changing so quickly that we need to be flexible in updating our views. Warren Buffett shunned all technology and it worked out for him but think of the extra gains he could’ve harnessed.

 Agile is based on a foundation of iteration. The premise is that the more repetitions you get, the faster you can create something. The key is that agile developers are constantly receiving feedback. These continuous feedback loops increase learning.
 

Imagine if your boss gave you feedback every single day. It wouldn’t be comfortable, but you would likely improve at your job rapidly.
 

The lesson: the more feedback, the better.