Quotes About Decision-making

But emotionalism (i.e., decision making based on emotions) is bad, can be controlled, and should be avoided. So instead of examining each of the many individual emotions, this chapter will focus on the entity that epitomizes emotionalism: the crowd.

In betting and gambling games if you stop acting and do nothing, the losses will stop. But when investing, trading, or speculating, if you're losing and stop acting, the losses don't stop; they can continue to grow almost indefinitely.

Betting and gambling are suitable for discrete events but not for continuous processes. If you introduce the behavioral characteristics of betting or gambling into a continuous process, you are leaving yourself open to enormous losses.

But when investing, trading, or speculating, if you're losing and stop acting, the losses don't stop; they can continue to grow almost indefinitely.

Speculating (and this includes investing and trading) is the only human endeavor in which what feels good is the right thing to do.

In a continuous process, the participant gets to continuously make and remake decisions that can affect how much money he makes or loses. On the other hand, a discrete event (e.g., a football game, roulette, blackjack, or other casino game) has a defined ending point, which is characteristic of external losses.

gambling creates risk while investing/speculating assumes and manages risk that already exists.

The next step in decision making is establishing controls, i.e., the exit criteria that will take you out of the market either at a profit or loss.

The first step in planning is to ask of any activity, any product, any process or market, 'If we were not committed to it today, would we go into it?' If the answer is no, one says, 'How can we get out—fast?

Regardless of how intelligent we may be, if we make stupid choices, we will suffer the consequences.

A nation that does not read much does not know much. And a nation that does not know much is more likely to make poor choices in the home, the marketplace, the jury box, and the voting booth. And those decisions ultimately affect the entire nation...the literate and illiterate.

Fu lì che mi resi conto di come un gruppo di uomini ha bisogno di un capo completo. Il comandante è necessario per alleviare gli afflitti, per salvare la mente della gente da preoccupazioni sproporzionate. Non conoscevo, oggi chi sa se la conosco, la legge del nessun mezzotermine. Senza azione, avrei potuto consumare lì tutta la mia vita, tra il sì e il no.

It's not fair, but sometimes a kid has to act older than their age. You just pray hard to know what to do.

I don't want you to leap into another relationship without thinking. Looking for perfect is a big, fat myth because perfect isn't out there.

Often there's no help in the home, but there are neighbors and friends and the people at nurseries and day-care centers. All of them help a child to learn to get along with all sorts of people and become more independent. Seeing people encourages him to make decisions for himself. When he sees his parents at his own special time of the day he enjoys them more than if they were underfoot all the time.

One of the functions of leadership is to lead, and weak managers may simply check and check and check with others because they are not capable of leading when it is required of them to lead. Benedict says that in matters of importance the abbot or prioress is to ask everyone in the community, 'starting with the youngest,' and then the abbot or prioress is to 'do what seems best.

Choices were so easy when I was a child. Good guy versus bad guy, and the good guys always won. But I'm no longer a child.

Strategic competition means choosing a path different from that of others.

In the big scheme of life, who knows how things will turn out? What seems to be a disaster at the time can bring you joy you never dreamed of. What seems like a wrong road could be the right one. There are no right decisions, only decisions that seem to go more smoothly than others. There are no wrong turns, only unexpected potholes in the road. And at the end of the day, all you can do is keep moving forward even when it's only an inch at a time. - Kiki Lowenstein

At twenty-nine you can't waste your time reading.

we do need to learn how to say no, but only so we are able to say yes to God when he wants to give us an assignment.

One should learn the lessons of history. The mistakes of the past need only be made once. Unless there are no other choices. ~ Bayaz

He would have liked to weigh his choices, but for that you need more than one.

Some people believe that holding on and hanging in there are signs of great strength. However, there are times when it takes much more strength to know when to let go — and then do it.