1/🧵 The Oracle of Omaha credits 12 key decisions for Berkshire Hathaway's five-decade success, how many good decisions does one need to be successful?
1/🧵 The Oracle of Omaha credits 12 key decisions for Berkshire Hathaway's five-decade success, how many good decisions does one need to be successful?
2/ While I don't always align with Buffett's perspectives, I do believe his approach to decision-making warrants attention. However, there's more to the story than merely "slow decision making." The trick is to discern which is which
3/ In the startup world, fast decisions are often the norm. Quick, decisive actions can lead to rapid learning and improvement. But when it comes to making substantial decisions, like Buffett's company acquisitions, patience is a virtue
4/ The key is to strike a balance between quick, decisive actions and slow, reflective choices. By identifying the type of decision at hand, we can navigate our way to consistent success, just like Buffett
5/ In my article, I delve deeper into this nuanced approach to decision-making and offer valuable insights for entrepreneurs, investors, or anyone interested in the intricacies of decision-making
6/ If you're intrigued by the balance between fast and slow decision-making, don't miss out on my latest #hive blog 👇🏽
https://leofinance.io/posts/khaleelkazi/on-decision-making-quick-and-decisive-or-slow-and-reflective
There's a lot of wisdom in clearly defining short- and long-term strategies / tactics. Decision making speed would—I imagine—align with those distinctions more often than not!