# Judgment Is the Decisive Skill

An episode of [Naval](https://invisiblenetwork.ai/podcast/1454097755), 29 Apr 2019, 6:30.

Audio: https://traffic.libsyn.com/secure/naval/Naval-Ep26.mp3?dest-id=1103966

Everything we've discussed so far has been setting you up to apply judgment. • In an age of infinite leverage, judgment becomes the most important skill 0:00 • Everything else you do is setting you up to apply judgment 1:21 • Judgment is knowing the long-term consequences of your actions 2:40 • Without experience, judgment is often less than useless 3:15 • The people with the best judgment are among the least emotional 4:05 • A lot of the top investors often sound like philosophers 5:18 • The more outraged someone is, the worse their judgment 6:00 Transcript: http://nav.al/judgment

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