Pragmatic is the characteristic of primarily focusing on the practical applications of ideas and thoughts, rather than their abstractions. Pragmatism is when you seek the best solution that is available to you, in contrast, idealism is thinking of the best solution possible, even though it might not be available to you. Dogmatic people, on the other hand, are people that always act based on a firm set of convictions, they will tend to act by the book no matter what. Pragmatism is widely respected in business, as innovation often comes from constrained optimization.
CFI is a global provider of financial modeling courses and of the FMVA Certification. CFI’s mission is to help all professionals improve their technical skills. If you are a student or are looking for a career change, the CFI website has a multitude of free resources to help you jumpstart your Career in Finance. If you seek to improve your technical skills check out some of our most popular courses. Below are some additional resources for you to further explore: