Quotes in Decisions

Errors of omission, lost opportunities, are generally more critical than errors of commission. Organizations fail or decline more frequently because of what they did not do than because of what they did.

I think the biggest single thing that causes difficulty in the business world is the short-term view. We become obsessed with it. But it forces bad decisions.

Never put yourself in a position that will put yourself at risk if you make the wrong decision. We spent cash on everything. It's fashionable to make 'bet the company' decisions, but don't do it.

The self is not something ready-made, but something in continuous formation through choice of action.

If you limit your choices only to what seems possible or reasonable, you disconnect yourself from what you truly want, and all that is left is a compromise.

We must give lengthy deliberation to what has to be decided once and for all.

I suppose it is tempting, if the only tool you have is a hammer, to treat everything as if it were a nail.

People who are often right are people who often changed their minds. Consistency of thought is not a particularly positive trait. It's perfectly healthy to have an idea tomorrow that contradicts your idea today.

Fear invites wrong figures. Bearers of bad news fare badly. To keep his job, anyone may present to his boss only good news.

The researcher hoping to break new ground in the theory of experimental design should involve himself in the design of actual experiments. The investigator who hopes to revolutionize decision theory should observe and take part in the making of important decisions.