I believe there are two main qualities that define a successful entrepreneur or investor. The first is pattern recognition. The ability to use experience or insight from past patterns to have a viewpoint on future markets. “I know how this movie ends.”
The second quality is conviction. The gut, visceral belief that what you are doing is right regardless of what anyone else thinks (and indeed opposition often increases levels of conviction). “I don’t care what anyone else thinks.”
These two qualities are in tension and inconsistent with each other. But that’s what makes the combination so powerful. Indeed that very tension can be the boundary line between success or failure, and it’s a tightrope.