Collison: Making twice as many decisions at half precision is often better
Patrick Collison · TKP Insights: Making (Even) Better Decisions · Oct 25, 2022 · at 39:15
Patrick Collison, co-founder and CEO of Stripe, explains how his philosophy on executive decision-making shifted to prioritize decision velocity and reversibility over excessive precision.
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“If you can make, like, if you can make twice as many decisions at half the, kind of half the precision, that's actually often better. And then given the fact that sort of the rate of improvement of decision making with additional time almost necessarily tends to kind of Flatten out. I think that most people, certainly the Patrick of five years ago, and potentially even the Patrick of today included should be sort of earlier, should be operating earlier in that curve. Make more decisions with less confidence but in significantly less time, right? And just recognize that in most cases you can course correct and treat fast decisions as a kind of Asset and capability in their own right.”
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