Shane Parrish

And so a good position means you're never forced by circumstances to do something you don't want to do.

So if we take this and we apply it to decision making, well, how does that impact you?

Well, all the stuff that we learn about decision making is how to be rational, how to make the best choice in the moment.

But if your choices are all bad, it doesn't matter that you pick the best of the bad choices, right?

You don't want to be in a situation.

How do I avoid this situation?

I don't put myself in a position where I'm consistently making good decisions.

And often the people who are right a lot are just people that they're not

predicting what the future is.

They're positioning themselves for multiple possible futures.

And it's such a powerful sort of concept, right?

So we talked about Buffett.

We talked about a more practical example, maybe with my kids.

is what it means to do your best, right?

Parents are listening, you have kids, your kids come home, they have a bad score on their test and they said, I did my best.

And what they mean in that moment was I did my best in the hour that I sat down for my test.

What they don't mean is that they put themselves in a position to be successful.

And so I've defined this with my kids as, you know, you are in a position for success before you even take the test.

It's the moment when you sit down, have I done all the things I control?

You think about Tom Brady or another athlete, you know, they put themselves in a position all week.