SHANE PARRISH

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...

High quality information comes from experts. There are ways to approach them effectively:

1. Show that you have skin in the game
2. Be precise on what you’re asking
3. Show respect for their time and energy
4. Listen to their reasons
5. Follow up and keep them updated

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:

• ASAP (as soon as possibl...

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...

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 ...

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 ...

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:

1. Define the problem
2. Explore potential solutions
3. Ev...

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:

• Self-accountabil...

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:

• Emotion default (responding to feeling rather than reason and fact)
• Ego default...

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 ...

When deciding between several options, you must have specific evaluation criteria with these features:

• Clarity: criteria must be clear, simple, and easily understood
• Goal Promotion: criteria must favor options that achieve desired goal
• ...