decision-making

also referred to as: decision making

7 statements across 5 episodes · 0 bullish · 1 bearish · 4 people on the record · first statement Dec 10, 2018 by Brent Beshore · across every show →

Everything said about decision-making, oldest first

Dec 10, 2018 negative
Insight
Beshore: Small business sellers routinely falsely claim they are not needed
“Every single seller has this strange tension between saying that they're irrelevant to the business. They're not needed at all. And when you dig in, they're making all the decisions.”
Brent Beshore Dec 10, 2018 ▶ 38:27 Brent Beshore - Micro Buyout Adventur.es (Capital Allocators, EP.79)
Apr 20, 2020
Insight
Duke: Extra data past a tipping point inflates confidence, not decision quality
“Because it's very rare that you're going to get to that much certainty and there's diminishing returns as you collect more data. And very often what happens is once you get to kind of a tipping point, it's not so much the quality of your decision is going to g…”
Annie Duke Apr 20, 2020 ▶ 13:04 Annie Duke – Decision Making in a Crisis (Capital Allocators, EP.132)
Apr 20, 2020
Insight
Duke: Acting in complex systems creates data that modeling cannot predict
“So it actually behooves you to actually make lots of decisions and do lots of actions In order to get the world to give you the data back so that you actually can find out how the world would respond if you did certain things.”
Annie Duke Apr 20, 2020 ▶ 19:00 Annie Duke – Decision Making in a Crisis (Capital Allocators, EP.132)
Sep 14, 2020
Insight
Duke: The Goal of Group Meetings Should Be Informing, Not Consensus
“The goal of a really good group meeting is not to agree. And we think that the goal is agreement. We think that everybody has to walk out of that room on the same page. The goal of a great group meeting, rather, should be to inform, which is very different. So…”
Annie Duke Sep 14, 2020 ▶ 1:16:28 Annie Duke – How to Decide (Capital Allocators, EP.156)
Sep 14, 2020
Insight
Duke: Uncertainty and luck untether outcome quality from decision quality
“Uncertainty, luck, hidden information, all of the stuff that makes our judgment so subjective, that untethers the quality of outcomes from the quality of decisions, that I can feel having this influence on the way I make decisions.”
Annie Duke Sep 14, 2020 ▶ 6:48 Annie Duke – How to Decide (Capital Allocators, EP.156)
Nov 16, 2020
Insight
Parrish: Fast-paced crisis environments eliminate time for mentorship
“When you're running around a thousand miles an hour and everybody's working 12 to 14 hours a day, there's no real time to mentor people either. There's no real time to walk through decisions or judgments and try to learn from other people.”
Shane Parrish Nov 16, 2020 ▶ 12:27 Shane Parrish – Learning to Learn at Farnam Street (Capital Allocators, EP.164)
Jan 22, 2024 neutral
Insight
Franklin: High-quality investment decision-making does not scale to large groups
“Having people feel bought in, but actually keeping decision making to a relatively Narrow group, because I think one of my learnings is that really good decision-making doesn't actually scale very well.”
Tilly Franklin Jan 22, 2024 ▶ 19:28 Tilly Franklin – Endowment Model at Cambridge University (EP.363)
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