4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP545: The Third Sea Change Has Begun w/ Howard Marks

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Uncertainty in Decision Making

Don't judge a decision by its outcome. We work in an area where there's a lot of ageness. It's only appropriate, as I said, to view the future with trepidation and uncertainty. What that tells me is we shouldn't assume that because we're making a well-reasoned decision that's going to work. You've got to leave plenty of room for error.

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