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Citadel Founder and CEO: Investing, Innovation, Culture, and Politics
In Good Company with Nicolai Tangen
The Trade-off between Accuracy and Speed in Decision Making
In leadership, understanding the trade-off between accuracy and speed is crucial. Sometimes it is more important to be nearly right and quick rather than absolutely right and slow. The key determinant for the speed of decision-making should be the cost of changing one's mind. For long-term projects like real estate development, being quick is not necessary.
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