Well, Calacanis is much more successful than me so I'm inclinded to think that: 1. Yes, he made the wrong call on Youtube. 2. The habit of making wrong (but st

Well, Calacanis is much more successful than me so I'm inclinded to think that: 1. Yes, he made the wrong call on Youtube. 2. The habit of making wrong (but still reasonable) calls might be a good one. My learning from this: 1. Form a view based on the best facts and analysis available at the time. 2. Act on that view. Share it. Be confident. 3. Be ready to change your mind and not worry about having been wrong. Success is about taking enough good gambles that some pay off. Most people don't let themselves take good gambles, and the value of a few paying off more than pays for a few that don't. If it's not a gamble at all everybody will be doing it.