Ray Dalio: " Raising the probability of being right is valuable no matter what your probability of being right already is."
This made me think deeper...🤔🤯
I learned the hard way that making additional questions in the decision process can indeed increase the odds considerably:
- do I need to decide now: can I connect the 'lines' instead of the 'dots': power of longer observation...
-what's my cost of opportunity? Is there a third way?
- do I need / do I wan't ? If so, WHY rationally/emotionally I want to consider this...
- whom in my network has additional expertise/experience can provide me with a mirror...
Offcourse not for minor decisions but for major decisions affecting time horizon/allocation and risk (monetary and last but not least emotionally)
I learned about decision heuristics to make shortcut decisions and there is nothing wrong with that...but you have to be AWARE of them... I learned as a real estate investor and angel investor about calculated spread sheet investments...in a world of imperfect/biased assymetric information (gutt feeling needed) : the real magic happens when you have to put everything together to improve indeed the odds/dots... There is no such thing as THE opportunity. And once I take the decision I don't look back and make the best of it... Amen🙂😇💭🤔💭💭💭
Qoorio-ers what do you think ...?
Last week Ubersuggest released Google chrome extension.
I started using it and instantly noticed interesting things such as monthly searches, CPC of the query, backlinks and even more (not print screened).
So far it works for big markets as prices are in dollars, but it gives nice data for consideration whether SEO or PPC efforts should be assigned for specific query.
As the extension is free, I highly recommend to install it even just for fun 💭