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Erik: How does debating issues with friends inform your approach professionally as an
investment professional?
Shaheen: Debating stuff with friends is good because people will surprise you and so I
think it’s valuable in that taking an issue you think you know well. Let’s say there’s
something that you think you understand very well or whatever and you talk to someone about
it and then they throw something at you that you either hadn’t thought of or a way of
thinking about it that you hadn’t considered and I think that’s valuable just to recognize
that there’s always other – there’s always other points, angles, view points that
you haven’t thought of. So, I think that helps keep you from being complacent saying
‘Okay I’m done, I’m good, I know everything there is to know.’ No, there’s more to
know and you just haven’t necessarily visited it, I think that’s good. I think it’s
also fascinating how smart, rational, normal people can process the exact same fact patterns,
the exact same funnel of information and come to vastly different conclusions and so understanding
how that can happen, I think that’s useful for work just seeing how – how people can
look at this stuff and come to this conclusion or how they cannot and so understanding both
sides of the argument and how it’s framed is important because you might convince yourself
you’re on the wrong side.