Strong Opinions, Loosely Held: Open-minded Advocacy
The "strong opinions, loosely held" principle is a crucial behavioral skill that I have recognized as essential for finance analysts. Due to the varying interpretations of this idea, I wanted to write about this to clarify (also for myself) the value I see in it and how to apply it without appearing overbearing or obnoxious. Below, I will write a bit on the concept of strong opinions, loosely held, and discuss its benefits while emphasizing a mindful and considerate approach to its execution.
This mindset promotes passionate advocacy for one's ideas while remaining open to change when presented with new information. It highlights the significance of critical thinking, adaptability, and emotional intelligence. Often attributed to Paul Saffo, this concept resonated with me after hearing Marc Andreesen mentioning it in a podcast. The idea is also echoed in Richard Feynman's quote, "We are trying to prove ourselves wrong as quickly as possible because only in that way can we find progress!"
Aaron Dignan, author of "Brave New Work," a book I recently read and would recommend, emphasizes the importance of feedback in driving innovation and progress, stating that "feedback is the lifeblood of everything" (Dignan, 2019). Without stating your opinions, you can't get feedback on them and learn. By integrating design thinking and systems thinking, Dignan suggests that constantly testing ideas and being receptive to feedback are vital for success in our rapidly evolving world.
When advocating for strong opinions, it is crucial to be kind and considerate of others' feelings. Amazon founder Jeff Bezos learned this lesson from his grandfather, who told him, "It's harder to be kind than clever" (Stone, 2013). This anecdote underscores the importance of not only speaking the truth but also conveying it with compassion. Being right is insufficient; we must also be kind.
John Cleese, the renowned British comedian, contributes to the strong opinions, loosely held conversation in his book "Creativity." Cleese posits that most people desire to be right, while the very best people seek to know if they are right. This mindset aligns with strong opinions, loosely held, emphasizing the importance of challenging one's beliefs and remaining open to new perspectives.
A powerful maxim encapsulating this concept is: "Say what is true, useful, at the right time, appropriate, and kind." This statement, attributed to the Buddha (Kalama Sutta, Anguttara Nikaya), serves as a reminder that effectively communicating strong opinions requires balancing honesty, utility, timing, appropriateness, and kindness.
There are three main challenges to consider when applying this concept:
Overcoming confirmation bias, which can hinder our ability to genuinely change our minds when faced with new evidence.
Addressing the discomfort people may experience when contradicting others, particularly in professional or social situations, which can suppress dissenting views.
Avoiding the expression of strong opinions too forcefully or loudly, as it can unintentionally stifle conversation and discourage open dialogue.
In conclusion, the concept of strong opinions, loosely held, advocates for passionate idea-sharing, open-mindedness, and empathetic communication. By maintaining a mindful approach to team and meeting dynamics, we can both "hold strong opinions loosely" and foster a culture of innovation, collaboration, and personal growth.
Resources
Dignan, A. (2019). Brave New Work: Are You Ready to Reinvent Your Organization?
Stone, B. (2013). The Everything Store: Jeff Bezos and the Age of Amazon.
Cleese, J. (2020). Creativity: A Short and Cheerful Guide.
Feld, B. (2019). Bad Entrepreneurial Cliches: Strong Opinions Loosely Held
Ranadive, A. (2017). Strong Opinions, Weakly Held — a framework for thinking
Natkin, M. (2019). Strong Opinions Loosely Held Might be the Worst Idea in Tech