Learn more about problemsolving with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
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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MORE IDEAS ON THIS
"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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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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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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Other curated ideas on this topic:
Being Afraid Of Being Wrong
We hate being wrong, but mistakes often teach us the most and allow us to innovate.
Think of the pros and cons of trying something and then free yourself to do it. If it doesn't work, take what you learn, and try something else.
Don't mind being wrong
To be productive in the long term, you have to not mind being wrong in the short term.
You have to take a stand, test your theories, and then admit it if you realize that your theory was wrong.
Great minds think like me
Studies found that if you don't feel as if you belong somewhere, it can lead to mental health problems. Fandom communities provide opportunities to avoid this.
But, only liking people that are 'like us' can lead to 'in-group bias', thinking everyone outside that g...
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