Posted by Koon Bee > 2016-03-20 23:28 | Report Abuse

LOL...a lousy article

Posted by Desa20201956 > 2016-03-21 01:26 | Report Abuse

This is a quote from Tony Robbins....FYI, beebee.

Posted by JT Yeo > 2016-03-21 07:45 | Report Abuse

How can one be successful if they are slow to reverse their mistake?

Posted by Desa20201956 > 2016-03-21 08:13 | Report Abuse

Andy Andrews > Quotes > Quotable Quote
Andy Andrews
“Successful people make their decisions quickly and change their minds slowly. Failures make their decisions slowly and change their minds quickly.”


― Andy Andrews, The Traveler's Gift: Seven Decisions that Determine Personal Success



you go and ask Andy Andrews but I think he makes sense.

Posted by Desa20201956 > 2016-03-21 08:22 | Report Abuse

I think a person can be fast and good in making decisions ( successful) or he is fickle minded ( not so successful). He can't be both.

Posted by JT Yeo > 2016-03-21 15:48 | Report Abuse

His quote is only applicable to certain circumstances not every situation. I think Mark Zuckerberg is successful, thus he is fast in making decision as per the theory. If we put him in formula 1 car and drive down the racetrack at 300km/ph he is going to die successfully.

A successful person is able to make fast decision in their respective industry where they have honed their skills for many years. That is a more appropriate way to put it. Put them in something they are not familiar with, cooking, gymnastic, skiing etc they will fail spectacularly.

Posted by Desa20201956 > 2016-03-21 17:03 | Report Abuse

X

the quote refers to reversing decisions....like selling a share after it was bought.


There is great wisdom in the quote. If you don't think so , its not my business.

Just wants to share some trueism. and great observations.

Posted by shinado > 2016-03-21 21:56 | Report Abuse

Think about it this way.

You see a company, analyze its financial reports and business prospects and conclude it's a good company. You waste no time buying into it. Not long after, that company was found to be involved in an accounting fraud scandal. Do you not reverse your decision quickly even after knowing this fact? I don't think so.

Decisions must be made swiftly after every fact has been concluded to support that said decision. That is a mark of a good decision.

After all, Warren Buffett once said (if I recall correctly), 'if you cannot make a decision in 7 minutes even with all information presented to you, you will not be able to make that decision for the rest of your life'.

Posted by pokoknangka > 2016-03-22 17:24 | Report Abuse

Or why not we think about it this way? Allow me to use shinado's example.

You see a company, analyze its financial reports and business prospects and conclude it's a good company. You waste no time buying into it. (quick to make decisions).

After which, you see elsewhere some blog or i3 posts condemning the stock. After reading all the comments, you do more analysis towards those comments and u decide to stay firm and hold the stock. (slow to reverse decisions).

Not long after, that company was found to be involved in an accounting fraud scandal.After getting all facts right, you make the move to sell the stock. (quick to make decisions).

Posted by pokoknangka > 2016-03-22 17:26 | Report Abuse

anyway, thanks for the thought-provoking post.