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“Making a good decision is about the process, not the outcome. One bad outcome doesn’t make you a poor decision-maker any more than one good outcome makes you a genius. Unless you evaluate your reasoning at the time you made the decision, you’ll never know whether you were correct or just lucky.”
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MORE IDEAS ON THIS
“There is only one most important thing in every project, goal, and company. If you have two or more most important things, you’re not thinking clearly. This is an important aspect of leadership and problem-solving in general: you have to pick one criterion above all t...
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You must know what is the most important thing for you when using your selection criteria.
If you don’t know what it is, then you don’t fully understand the problem yet.
One way to find the most important thing is by listing down all the criteria, then compare in pairs (one-to-one) wh...
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The quality of your decisions is directly related to the quality of your thoughts. The quality of your thoughts is directly related to the quality of your information.
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High quality information comes from experts. There are ways to approach them effectively:
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At certain point, you must stop looking for more information and start taking action.
It depends on whether the decision is reversible or not and to what extent the outcome is consequential.
Take action based on the following rules:
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Quality of your decision is determined by the quality of information you have. Most information is irrelevant. High quality information is both accurate and relevant.
Seek information from direct source. Run your own experiments. Learn from the real expert, not imitator or popularizer. Eval...
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We’re making decision mostly to get what we want, but it’s equally important for us to know whether what we want is the right thing.
In the end, it’s about what matters in life. We all want a happy, fulfilling and enjoyable life. We need to think deeply on whether what we pursue align with ...
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“In the space between stimulus and response, one of two things can happen. You can consciously pause and apply reason to the situation. Or you can cede control and execute a default behavior.”
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Things don’t always go as planned. You need to have a buffer between what we expect to happen and what could happen. That’s margin of safety.
Engineers build a bridge to sustain more than double its maximum capacity. Investors only choose business they understand so that they can calculate ...
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“Good judgment is, above all else, about being effective at achieving what matters—not what matters in the moment, but what matters in life.”
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“In order to be right, you must be willing to change your mind. If you’re not willing to change your mind, you’re going to be wrong a lot. The people who frequently find themselves on the wrong side of right are people who can’t zoom in and out and see the problem from...
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Once we’ve build the strength to create space for thinking, then we can apply clear thinking to make decision.
Decision is a judgment that certain option is the best one.
Decision making process is as follow:
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To overcome our defaults and improve our thinking, we must build strength to make a space for thinking between a situation and our response.
We need make it a habit and use inertia default for our benefit. Here are the source of strengths to be developed:
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“There is a gap in our thinking that comes from believing that the way we see the world is the way the world really works. It’s only when we change our perspective—when we look at the situation through the eyes of other people—that we realize what we’re missing.”
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Our biggest problem with thinking is that we’re not really thinking in the situation where judgment is needed. We are reacting automatically based on our natural tendencies:
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Most people evaluate decision based on its outcomes, but they forget that there are outside factors, such as luck.
Quality of a decision is determined by the process and the reasoning used when the decision is made.
To evaluate your decision we need to make it visible by writing down ...
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When deciding between several options, you must have specific evaluation criteria with these features:
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CURATED FROM
IDEAS CURATED BY
Lifelong learner and content creator. Helping you to find joy at work, get more things done, and be your best self.
This book is great because of its simplicity. For some readers, the ideas may not be new, but I think it’s because they’re true and proven to be effective. I am sharing here what’s most interesting to me plus additional examples to make it easier to understand.
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Other curated ideas on this topic:
Too often, we skip the process and jump right to deciding. Maybe that’s due to a lack of time, resources, or knowledge— it doesn’t matter.
Whatever your reason is, it’s never an excuse to skip the decision-making process altogether. Because that’s the only way to become a bad decision maker...
Becoming comfortable with uncertainty and not knowing is a vital step to becoming a better decision-maker.
What makes a decision great is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accur...
Most people evaluate decision based on its outcomes, but they forget that there are outside factors, such as luck.
Quality of a decision is determined by the process and the reasoning used when the decision is made.
To evaluate your decision we need to make it visible by writing down ...
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