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Friday, June 02, 2006

Cut Your Losses

Most people have it backwards.

When an opportunity (a business idea, a new job, whatever) comes along, they plan too long. Try to analyze it from every angle.

For most of life, the answer is the opposite. We're better off grabbing opportunities when they come along, analyzing quickly, and deciding quickly.

The primary reason for operating this way is that it makes us mentally nimble, and gives our personality a bias for action.

Action's a good thing. And while analysis is good, too, most of us over-analyze.

We all know when we have a "sense" about something. It just seems right. Or perhaps it just doesn't.

The reality is that we take in information from a number of sources, and the rational side of our thinking is just a small portion. When we have a good sense about something, often our mind has quickly analyzed it, without our even realizing it, and judged the situation to be good. Trust that bias. You will occasionally be wrong, but in 9 times out of 10, you'll be right. If a chance (whatever it is) comes along, and after a quick look at it, it seems right, go for it.