🔃 Reversible and Irreversible Decisions
+ Why I'm a mediocre entrepreneur | Wisdom Letter #242
Some decisions in life are irreversible -
Getting married
Having kids
Moving countries
You need to give a lot of thought, understand your own biases, and try to make as much of a rational decision as possible when taking irreversible decisions.
They more time you take, the better chance you have of improving the quality of the decision.
Then there are reversible decisions -
Trying out a new restaurant or cuisine
Watching a video on YouTube
Signing up for a newsletter 😅
You can always change these decisions without any material harm to your life.
You shouldn’t spend too long making these decisions.
The cost of time and mental effort is not worth it.
The juice is not worth the squeeze.
Make them fast, and get going. Reverse them later if they’re not working for you.
The big danger in life is that you make irreversible decisions fast, and reversible decisions slow.
That’s when we’re prone to making huge mistakes.
So beware of that.
Jeff Bezos calls them one way and two way doors.
Irreversible decisions - One way doors - you can never come back
Reversible decisions - Two way doors - you can always come back
Farnam Street has a good article on this -
I’ve been an entrepreneur for almost 3 years now.
And every day I realise that I’m so mediocre.
But instead of trying to fight it, I’m trying to embrace my mediocrity.
More in this LinkedIn post -
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Thank you for reading.
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That’s it for today.
See you next week 👋
We’ll be back with more interesting notes, highlights and curations.
Cheers,
Ayush & Aditi
Thanks Ayush for sharing this insight. I Learnt something today.