Trying too hard to make the perfect choice causes analysis paralysis. When we overanalyze every decision to avoid any kind of regret, it paralyzes us into indecision... that's how people end up wasting their lives.
"What if... that means... but then... also... Oh, I've circled back.. but..."
Becoming aware of yourself overthinking anything is the first step to stop doing it.
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No matter what, we are making decisions all the time.... sometimes conscious, but more subconscious.
Not making a decision... "I'll put it off to another time" is also a decision.
So, to have more control over the outcome, we need to make more conscious decisions... earlier.
Bad decisions never look like bad decisions at the moment.
So, a better strategy and faster way to stock up that "things to avoid" bin is learning from others' mistakes.
It amps up our effort to avoid making dumb decisions.
When you make small decisions early, before they become big — it’s easy. When you put off decisions, they become big — and painful.
It's like 'a stitch in time' kind of situation... deal with it when the things is small, before it becomes unmanageable.
The decision making process that Dalio, Buffett and Munger use is:
Most people assume that good decision making is choosing a course of action that leads to the desired outcome.
In reality, decision making is about how you end up with your decision, not what the decision leads to.
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