Morgan Housel

about, you know, even if it is reversible, who you marry, the career that you have, where you live, those are reversible decisions, but it's much more difficult to do it.

And there's some decisions, your reputation and whatnot, that are irreversible.

Like if you lose trust and whatnot, you're probably not getting it back, at least anytime soon.

And so those irreversible decisions are the ones where you do want to stop and take a step back and be like, let's think this through and do it.

My wife and I, I think there's plenty of times that I can think of when we try to be analytical about it.

and try to be like, okay, let's talk this through.

And it led us nowhere because most big decisions don't have a very clear pro-con list.

It's like, I could see it working out this way.

I could see it working out that way.

And like, I don't know, I could go either way.

And those are the most difficult where you are just using your gut and hoping that it's right over time.

Yeah.

So that's why I get kind of frustrated when like the lifestyle gurus will be like, here's how I make, here's how I do this.

And here's the multi-step process to making good decisions.

I'm like, I don't think that's usually how it works.

It's usually just like, I think let's just go with this.

That feels like the right one to do.

And obviously some people are better at that than others at understanding the consequences and what they're likely to regret.

But I think most of the time it's nothing more than that.

First, empathy.