Consistency is an investment edge
Information is abundant. A decision process that survives changing headlines remains scarce.
The advantage has moved
Access to data and explanation is no longer the primary constraint for most investors. The harder work is deciding which facts matter, how they fit together, and what would justify changing course.
Consistency is not rigidity. It is the habit of using the same quality of evidence and the same decision standards in calm and uncertain markets.
Write down what would change your mind
A useful thesis includes its own conditions for review. Making those conditions explicit turns conviction from a personality trait into a testable process.