Jeff Bezos's Regret-minimization framework - Deepstash
Jeff Bezos's Regret-minimization framework

Jeff Bezos's Regret-minimization framework

Project yourself forward to the age of 80. Looking back on your life, you want to minimize the number of regrets. 

Thinking about your potential regrets give you clarity. It also helps you to remove a few pieces of confusion in the present caused by alternative paths. It helps you make the right decision more easily.

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Jeff Bezos

"We are stubborn on vision. We are flexible on details ". 

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10/10/10 Rule

Before making a decision, considers how you’ll feel about this decision in 10 minutes, 10 months, and 10 years.

It’s easy to make short-term decisions that may be beneficial 10 minutes or 10 months from now, but these types of decisions usually don’t benefit us in the long-term. What’s harder is to make decisions that may not appear attractive or impactful in the short-term, but over time can have a positive impact in your life.

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The Regret Minimization Framework

Working in a comfortable and high-paying job in the 90s, Jeff Bezos faced the dilemma of continuing his job or pursue the business idea he had about selling books online.

He posed a self-inquiry: At the end of my life, will I regret not having done this?

This self-inquiry, called the regret minimization framework, minimized his regrets as he opted to leave the job and start Amazon, which sells more than just books now and is worth USD 2 Trillion.

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