Quotes About Decision-making

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

Success in investing doesn't correlate with I.Q. once you're above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.

The stock market is a no-called-strike game. You don't have to swing at everything -- you can wait for your pitch. The problem when you're a money manager is that your fans keep yelling, "Swing, you bum!"

Buy stocks like you buy your groceries, not like you buy your perfume.

I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business. I do it because I like this kind of life.

The most important thing to do if you find yourself in a hole is to stop digging.

Never ask a barber if you need a haircut.

When you combine ignorance and leverage, you get some pretty interesting results.

Leaders are people who do the right thing; managers are people who do things right.

Do you want to know the biggest difference between Consequences and Wisdom? Wisdom teaches you the lesson before you make the mistake. On the other hand, consequences demand that you make the mistake first.

Lead, follow—what difference does it make? It's all a choice. There's no escape in blame, no comfort in shirking responsibility. We all make choices. We must all face the consequences of those choices.

Well, I'm not quite certain yet, young Mr. Fitzpatrick. I am considering the name Willow Hills. Or perhaps Maple Falls. What would you suggest?

How Do I Decide? A Contemporary Jewish Approach to What's Right and Wrong, Rabbi Roland B. Gittlesohn's

SCOOP: Peter, do people like you ever wonder what it's all for? PETER: People like you run the world. You decide what it's all for.

You've got to stop worrying about a choice you made fifteen years ago, because you can't change it.

The trouble with most people is that they think with their hopes or fears or wishes, rather than their minds.

The trouble with most people is that they think with their hopes or fears or wishes rather than with their minds.

Because adherence to standard operating procedures is difficult to second-guess, decision makers who expect to have their decisions scrutinized with hindsight are driven to bureaucratic solutions—and to an extreme reluctance to take risks.

Intuitive predictions need to be corrected because they are not regressive and therefore are biased.

Fast thinking includes both variants of intuitive thought—the expert and the heuristic

impressions, feelings, and inclinations; when endorsed by System 2 these become beliefs, attitudes, and intentions

The best possible account of the data provides bad news: tired and hungry judges tend to fall back on the easier default position of denying requests for parole. Both fatigue and hunger probably play a role.

One of the main functions of System 2 is to monitor and control thoughts and actions "suggested" by System 1

Judgment is not a synonym for thinking, and making accurate judgments is not a synonym for having good judgment.