Quotes About Decision-making

As to methods, there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. —Ralph Waldo Emerson

He just keeps looking left to the hay, and right to the water, trying to decide. Hay or water, hay or water? He's unable to decide, so he eventually falls over and dies of both hunger and thirst. A donkey can't think of the future.

The information we gain that conflicts with our original assessment or conclusion, we conveniently ignore or dismiss, while the information that confirms our original decision makes us increasingly certain that our conclusion was correct.

The Effective Executive,

Una inversión que produce una rentabilidad financiera inmensa pero que me hace perder los nervios por completo, o me causa insomnio y berrinches durante un periodo largo de tiempo, NO es una buena inversión.

1) Define a to-do list and (2) define a not-to-do list. In general terms, there are but two questions:

6—"Trying to get everyone to like you is a sign of mediocrity. You'll avoid the tough decisions, and you'll avoid confronting the people who need to be confronted."—Colin Powell

Falta de tiempo es falta de prioridades.

There's the instant, unconscious, automatic thinking and then there's the slower, conscious, rational, deliberate thinking.

Improve it, eliminate it, or delegate it.

lack of time is actually lack of priorities.

lack of time is actually lack of priorities. Take

Poor Charlie's Almanack, by Charles T. Munger.

What will matter to me in six months, a year, five years? What is essential, and what is optional, in my life priorities?

Annie regularly shares her observations on the science of smart decision-making (applied to much more than poker) on her blog, Annie's Analysis,

Annie's latest book, Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts, focuses on strategies for great decision-making.

Which of these highest-value activities is the easiest for me to do?

As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble." –Ralph Waldo Emerson American essayist, leader of the 19th-century transcendentalist movement

People think focus means saying yes to the thing you've got to focus on. But that's not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I'm actually as proud of the things we haven't done as the things I have done. Innovation is saying no to 1,000 things." –Steve Jobs Co-founder and former CEO of Apple

Never automate something that can be eliminated, and never delegate something that can be automated or streamlined.

Answer me this: would you work harder to earn $100 or avoid losing $100? The smiley optimist says the former, but if research from the Center for Experimental Social Science at New York University is any indication, fear of loss is the home-run winner. Experimental groups given $15 and then told the $15 would be rescinded if they lost a subsequent auction routinely overbid the most. Groups offered $15 if they won weren't nearly as "committed.

Cuál es el peor consejo que ves u oyes dar en tu entorno?

Often, there's a very basic, very dumb question at the center of a story that no one's asking. One of the biggest stories I ever did, 'The Giant Pool of Money,' was predicated on just such a dumb question: 'Why are the banks loaning money to people who can't possibly pay it back?' Asking the right dumb question is often the smartest thing you can do.

Take 45 Minutes Instead of 43—Is Your Red Face Worth It?