Dojo Exec

Some great principles

Farnam Street Principles All that we write about, think about, and strive for at Farnam Street draws inspiration from one of these five principles: Direction Over Speed, Live Deliberately, Thoughtful Opinions Held Loosely, Principles Outlive Tactics, and Own Your Actions.

"If a decision is reversible, we can make it fast and without perfect information. If a decision is irreversible, we had better slow down the decision-making process and ensure that we consider ample information and understand the problem as thoroughly as we can.

Bezos used this heuristic to make the decision to found Amazon. He recognized that if Amazon failed, he could return to his prior job. He would still have learned a lot and would not regret trying. The decision was reversible, so he took a risk. The heuristic served him well and continues to pay off when he makes decisions."

Go Fast and Break Things: The Difference Between Reversible and Irreversible Decisions Reversible vs. irreversible decisions. We often think that collecting as much information as possible will help us make the best decisions. Sometimes that's true, but sometimes it hamstrings our progress. Other times it can be flat out dangerous. *** Many of the most successful people adopt simple,....