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It's All a Judgment Call
Feb 7, 2024
Jason Fried and David Heinemeier Hansson, co-founders of 37signals, discuss the interplay between intuition and data-driven decisions in business. They emphasize the limitations of relying solely on data and the importance of trusting your gut. They explore the role of market feedback, the value of experience and judgment, and the power of pricing experiments. They also touch on accepting uncertainty, embracing momentum, and the concept of 'try it and see' in decision-making.
22:36
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Quick takeaways
- Experience and judgment play a crucial role in making sound decisions, and hiring executives based on their judgment and experience is more important than technical expertise.
- Trusting one's gut and intuition in business, after years of experience and varied inputs, can lead to effective decision-making, contrasting with individuals who rely heavily on rationality and statistical analysis.
Deep dives
The Importance of Judgment Calls in Decision Making
In this podcast episode, Jason Freed discusses the significance of judgment calls in decision making. He stresses that relying solely on data-driven decisions removes the human element from the equation. Experience and judgment, according to Jason, play a crucial role in making sound decisions. He highlights the importance of hiring executives with good judgment and experience rather than just technical expertise. Jason argues that experience is a valuable asset that influences one's point of view and enables them to make effective, nuanced decisions.
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