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Two strategies

Two strategies

When it comes to setting strategy, there are benefits to both popular and loner strategies.

  • Popular strategies are those that are identified by the crowds. The more people that choose a strategy, the better the strategy performs.
  • Loner strategies are those that are identified by only one person. If you want to outperform the crowd, you've got to do something the group isn't doing.

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MORE IDEAS FROM THE SAME ARTICLE

Strategy development and internal reviews often center on precedents, trends, and due diligence. They address"what will happen."  Change the question to "what may happen" :

When we need to make a decision, we tend to ask "What should we do?" However, it narrows our thinking to one right decision.

If you want to outperform the crowd, learn the following two essential skills.

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