Saturday Series

Let's talk about high conviction idiots and green shoots

Two topics from a week of conversations with listed leaders and high net worths: how to turn confidently wrong investors into an opportunity to educate everyone else, and the signs one long-absent investor sees that the small-cap market might be turning.

Ben Williamson

20 February 2025 · 4 min read

It's been a great, high-intensity week for me and I've been able to catch up with more than 20 leaders of ASX listed companies, and a few high net worths too. A lot of conversations, but two topics stuck out.

High conviction idiots and green shoots.

1. High conviction idiots

I didn't coin the term "high conviction idiots" but I love it nonetheless.

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