Jeffbezos Ideas - Deepstash

jeffbezos

30 ideas

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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Big decisions are significant because they are rare

We make decisions throughout life. Some decisions are big and affect our lives for years or even decades.

A big decision is so significant because it is rare. You don't get an opportunity to learn from your mistakes. This makes it important to learn from others who have been there before.

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