Reversible and Irreversible Decisions
Jeff Bezos on how to delegate some types of decisions (2-way doors), while spending majority of your time & resources on the others (1-way doors):
“Some decisions are consequential and irreversible – one-way doors – and these decisions must be made methodically, carefully, slowly, with great deliberation and consultation. We can call these Type 1
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Focus more on being decisive and less on trying to make the “right” decision. You’ll never know until you try, and if you’re wrong, you can always try again. If a decision is reversible, try to maximize your gain. For example, last year I raised the price of my online course even though there was a chance I’d lose money if readers balked at the
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