Quotes About Decision-making

Misperceiving that there is one correct choice is a common mistake. Coming to understand that there are usually a few good choices--and then there's the one you pick, commit to, and make great--is the best way to make flexible, optimal, good decisions in life.

Do you want me to ride you like a rented mule, or do you prefer to be Mr. Missionary Position? I'm fine with wither, so it doesn't matter to me.

The important thing is that we recognize our President's leadership, that he is not saying: I am going to walk away from this. He is saying: I am going to do the right thing.

I decided I would not go to court to have my mother declared incompetent, I would not fight. I put the car in drive and hit the gas. I felt as if I'd jumped off a sinking ship and was in a life raft with my little girl, my face turned away from the horror, rowing, rowing, as fast and as hard as I could in the opposite direction.

A person who wants to live a fun and easy-going life should not become the manager of a company.

attribute substitution amounts to substituting an easier question for a harder one.

Dysrationalia is the inability to think and behave rationally despite adequate intelligence.

time for the new CEO to feel that he or she knows what the issues and problems are, but not enough time to have gotten his or her arms around the solutions.

Clay Shirky summed it up in 2008, and he's still right: "The problem isn't information overload, it's filter failure." Our

I don't really know exactly what I want to be, but I know what I don't want to be.

I don't need to do more smart things. I just need to do fewer dumb things. I need to avoid making emotional decisions and swinging at bad pitches. I need to think!

I insist on a lot of time being spent thinking, 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." —Warren Buffett

Where tradition tells us that people are best kept under control and denied freedom of expression and action, humanistic psychology argues for liberation, more open decision-making and a sharing of power and control.

I want my students to understand that the ability to evaluate and judge is not a school skill; it is a life skill.

Remember, when you don't know what to do, it never hurts to play Scrabble. It's like reading the I Ching or tea leaves.

But isn't it enough that I just don't want it?" "No," said Fiona. "It isn't enough." "Why not?" "Well, if that was enough, if just saying no and not giving a reason was enough, where would we be? It would just be chaos.

The decision to play it safe, to take the path of least resistance, can seem irresistible, particularly if you have your own doubts and fears about the alternatives.

In the opening paragraph Goldi commits felony breaking and entering. Why does she do it? Why does she risk five to ten in the slammer or death by bear claw?

Freedom is the opportunity to make decisions...

No professional Wall Street tipster or plausible promoter can turn a sane person into a stock gambler as easily as his next-door neighbor bragging about his winnings. If all men profited by experience, the world would be peopled exclusively by the wise....

When is it safe to invest?' there are two answers ... 1. Never! 2. Always! `Never for' the crowd... `Always' for the reasonable man; for it all depends upon what you call `safe,' in a world peopled by fallible human beings.

Politics is not a healthy lifestyle.

That free will was demonstrated in the placing of temptation before man with the command not to eat of the fruit of the tree which would give him a knowledge of good and evil, with the disturbing moral conflict to which that awareness would give rise.

Kahneman and Tversky concluded that losses were 2½ times as undesirable as equivalent gains were desirable. In other words, a dollar loss is 2½ times as painful as a dollar gain is pleasurable. People exhibit extreme loss aversion, even though a change of $100 of wealth would hardly be noticed for most people with substantial assets. We'll see later how loss aversion leads many investors to make costly mistakes.