Decisions Flashcards
What is Isaac Newton quote on human madness?
I can calculate the motion of heavenly bodies but not the madness of people
In making decision what is the usual human feeling?
How we feel about something in the moment isn’t always the best predictor of how we’ll feel about it over a period. The thing that we’re focused on today and tomorrow may not be the thing that matters most in the scheme of things
How do Warren Buffet, Charlie Munger. And Ray Dailo take decision ?
Being able to step back from immediacy and use high-level thinking to evaluate the effects of your actions and decisions beyond just the initially visible cause and effect relationship is an indispensable quality, and it’s how smart people make good long-term decisions.
What is 10-10-10 decision method?
- How will I feel about it in 10 minutes?
- How will I feel about it in 10 months?
- How will I feel about it in 10 years?
