Conviction Is Knowing When to Change Your Mind

We tend to admire people who never give up.

I understand why. I was brought up to keep my word, stand my ground and finish what I started.

But life has taught me that persistence can become an expensive virtue when we stop questioning what we are persisting with.

In private life, business and investment, the trap is remarkably similar. We become attached to what something could be. We invest time, energy, money and belief.

Eventually, protecting the original decision becomes more important than examining the present reality.

We start defending the story.

I have had to learn that you can care deeply, act honourably and still change course. You can honour a commitment without surrendering your judgement. You can acknowledge that something matters while accepting that it no longer belongs in your future.

That takes discipline. Especially when your pride would prefer another explanation.

The Arrival, the principles by which I try to live, rests on truth, dignity and freedom.

Truth means looking at what is actually happening.

Dignity means responding with decency, even when disappointed.

Freedom means retaining the ability to choose your next step.

Those principles belong in an investment process as much as they belong in a life.

A company’s promise must eventually become performance. Trust must be supported by conduct. An investment must continue to earn its place. The money already committed cannot decide where the next pound goes.

Patience matters. So does knowing what evidence would cause you to change your mind.

At Trinity, our conviction sits firmly in our standards, with every investment open to challenge.

Hold your principles firmly. Keep your decisions under review. Have the courage to act when the facts change.