Today’s tendency to be “data driven” is often used as an excuse to stop thinking when there isn’t a lot of high-quality data. But a great deal can be accomplished nevertheless, by clear thinking and an intuitive mindset. Steve Jobs and Albert Einstein both attributed their colossal success to intuition rather than conventional intellect. Einstein clearly felt that the intuitive was more powerful than the logical, saying “The intuitive mind is a sacred gift and the rational mind is a faithful servant”.
Opportunity in the stock market, for example, is often found in such situations where the ideal kind of data to answer a question simply does not exist, and one must look for analogous situations and how they played out. The entrepreneur’s process of creating something entirely new, as described in Peter Thiel’s book Zero to One, is another example of intuition at work.