Last week, we featured a piece trying to help us distinguish between real experts vs imitators amongst people we encounter in our lives. Here’s another piece helping us distinguish between two kinds of stubborn – one the helpful kind or persistent, the other not so useful, the obstinate. And to help us clarify our thinking on this is Paul Graham, the software entrepreneur turned startup incubator and investor, whose blogs are known for their clarity of thought.
“Successful people tend to be persistent. New ideas often don’t work at first, but they’re not deterred. They keep trying and eventually find something that does.
Mere obstinacy, on the other hand, is a recipe for failure. Obstinate people are so annoying. They won’t listen. They beat their heads against a wall and get nowhere.”
Yet the stubbornness that overlaps with persistent and obstinate people make them look alike at times. So, how do we distinguish between the two?
“[Persistent people are] … never more engaged than when you disagree with them. Whereas the obstinate don’t want to hear you. When you point out problems, their eyes glaze over, and their replies sound like ideologues talking about matters of doctrine.
The reason the persistent and the obstinate seem similar is that they’re both hard to stop. But they’re hard to stop in different senses. The persistent are like boats whose engines can’t be throttled back. The obstinate are like boats whose rudders can’t be turned.
In the degenerate case they’re indistinguishable: when there’s only one way to solve a problem, your only choice is whether to give up or not, and persistence and obstinacy both say no. This is presumably why the two are so often conflated in popular culture. It assumes simple problems. But as problems get more complicated, we can see the difference between them. The persistent are much more attached to points high in the decision tree than to minor ones lower down, while the obstinate spray “don’t give up” indiscriminately over the whole tree.
The persistent are attached to the goal. The obstinate are attached to their ideas about how to reach it.
Worse still, that means they’ll tend to be attached to their first ideas about how to solve a problem, even though these are the least informed by the experience of working on it. So the obstinate aren’t merely attached to details, but disproportionately likely to be attached to wrong ones.”
He attempts at understanding why obstinate people are the way they are before concluding:
“Obstinacy is a reflexive resistance to changing one’s ideas. This is not identical with stupidity, but they’re closely related. A reflexive resistance to changing one’s ideas becomes a sort of induced stupidity as contrary evidence mounts. And obstinacy is a form of not giving up that’s easily practiced by the stupid. You don’t have to consider complicated tradeoffs; you just dig in your heels. It even works, up to a point”
But the best part of the article is when he turns to develop the idea of persistence:
“One thing that distinguishes the persistent is their energy. At the risk of putting too much weight on words, they persist rather than merely resisting. They keep trying things. Which means the persistent must also be imaginative. To keep trying things, you have to keep thinking of things to try.
Energy and imagination make a wonderful combination. Each gets the best out of the other. Energy creates demand for the ideas produced by imagination, which thus produces more, and imagination gives energy somewhere to go.
Merely having energy and imagination is quite rare. But to solve hard problems you need three more qualities: resilience, good judgement, and a focus on some kind of goal.
Resilience means not having one’s morale destroyed by setbacks. Setbacks are inevitable once problems reach a certain size, so if you can’t bounce back from them, you can only do good work on a small scale. But resilience is not the same as obstinacy. Resilience means setbacks can’t change your morale, not that they can’t change your mind.
Indeed, persistence often requires that one change one’s mind. That’s where good judgement comes in. The persistent are quite rational. They focus on expected value. It’s this, not recklessness, that lets them work on things that are unlikely to succeed.
There is one point at which the persistent are often irrational though: at the very top of the decision tree. When they choose between two problems of roughly equal expected value, the choice usually comes down to personal preference. Indeed, they’ll often classify projects into deliberately wide bands of expected value in order to ensure that the one they want to work on still qualifies.
Empirically this doesn’t seem to be a problem. It’s ok to be irrational near the top of the decision tree. One reason is that we humans will work harder on a problem we love. But there’s another more subtle factor involved as well: our preferences among problems aren’t random. When we love a problem that other people don’t, it’s often because we’ve unconsciously noticed that it’s more important than they realize.
Which leads to our fifth quality: there needs to be some overall goal. If you’re like me you began, as a kid, merely with the desire to do something great. In theory that should be the most powerful motivator of all, since it includes everything that could possibly be done. But in practice it’s not much use, precisely because it includes too much. It doesn’t tell you what to do at this moment.
So in practice your energy and imagination and resilience and good judgement have to be directed toward some fairly specific goal. Not too specific, or you might miss a great discovery adjacent to what you’re searching for, but not too general, or it won’t work to motivate you.”
If you want to read our other published material, please visit https://marcellus.in/blog/
Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.
