Learn more about problemsolving with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
"Most decisions should probably be made with somewhere around 70% of the information you wish you had. If you wait for 90%, in most cases, you're probably being slow."
JEFF BEZOS
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871 reads
MORE IDEAS ON THIS
Not Just Speed
It isn't just about making fast decisions.
The challenge is to make informed, high-quality decisions, with inadequate or incomplete data, and do it fast.
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548 reads
Correcting Bad Decisions Fast
Stay flexible and be prepared for a speedy course correction of things that break down with a bad decision.
Get comfortable with uncertainty, and master the art of quickly recognizing, and correcting bad decisions.
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522 reads
Being Wrong
It is better than nothing. Being slow leads you nowhere but being wrong while moving fast can lead you somewhere eventually.
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676 reads
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Other curated ideas on this topic:
High-quality, high-velocity decision-making
Bezos offers a set of guidelines for how to make decisions at high-velocity:
- Understand that decisions can be reversed:
- Bias towards action: Most decisions should be made with close to 70% of the information needed. Waiting for 90%+ informatio...
Human forgetting follows a pattern
In the first hour after you learn something, if nothing is done with new the information, you will forget about 50% of it.
After 24 hours, this percentage goes up to 70%, and if a week goes by without that information bein...
Decisiveness as a skill
You can learn and practice the skill of making firm decisions quickly.
- Minor decisions (what movie to see or restaurant to go to, should be made in thirty seconds to a minute.
- Major decisions should be made in less than five, even if that decision is to do more i...
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