Balancing Speed and Accuracy in Decision-Making and Delegation

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#712: The Random Show — 2024 New Year’s Resolutions, Tim’s 30-Day No-Caffeine Experiment, Mental Health Breakthroughs, AI Upheaval, Dealmaking and Advising for Startups, The Next-Gen of Note-Taking, Digital Security Tips, and Much More

The Tim Ferriss Show

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Balancing Speed and Accuracy in Decision-Making and Delegation

The insight here is that in the pursuit of speed, it can be acceptable to tolerate a certain level of error, represented by the analogy of accepting 'foot faults' in tennis. The speaker suggests that in many cases, minor and reversible mistakes can be an acceptable trade-off for making timely decisions, rather than spending excessive time deliberating. The notion of accepting a 10% error rate in the service of speed is highlighted, with the idea that the burden of striving for minimal errors may not be worth the additional effort, leading to the conclusion that embracing a small margin of error can be liberating and more efficient.

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Brought to you by Wealthfront high-yield savings account; AG1 all-in-one nutritional supplement; and Shopify global commerce platform, providing tools to start, grow, market, and manage a retail business.

Technologist, serial entrepreneur, world-class investor, self-experimenter, and all-around wild and crazy guy Kevin Rose (@KevinRose) rejoins me for another episode of The Random Show!

Please enjoy!

P.S. Links to everything discussed: https://tim.blog/2023/12/27/the-random-show-2024-new-years-resolutions/

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[00:00] Start

[04:57] Tequila disclosures and investment discourse.

[10:42] Startup advisor considerations.

[18:40] The hit rate of past New Year’s resolutions.

[20:13] Henry Shukman’s new meditation app: The Way.

[22:44] An overlooked advantage for the early investor.

[24:15] Saucelessness and second brains.

[27:41] Protecting your phone’s collage of schwanzes.

[34:20] Privacy and liability concerns in an AI-guided world.

[40:42] Minimalist delegation, foot faults, and surrender.

[46:30] Quick, creative collaborations.

[51:39] My post-holiday physical reboot.