Entrepreneurs on Fire Game-Time Decision Making with David Meltzer: An EOFire Classic from 2019
Oct 28, 2022
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Childhood Mistake Shaped Life
- David asked a girl to go steady in sixth grade, causing her to avoid him until his late twenties.
- That same woman became his wife and cornerstone of his life, saving him in many ways.
Assumptions Drive Decisions
- People rarely make bad decisions; they make poor assumptions based on incomplete data.
- Seeking mentorship helps base decisions on stable, accurate information for better outcomes.
Costly Financial Assumption
- David lost over $100 million due to one bad assumption about accessing equity from assets during the 2008 crisis.
- He made decisions alone, ignoring help, and learned that asking for guidance is vital in decision making.