Simone Stolzoff

There's a few costs.

One is just the time it takes to do all of this analysis.

The second is catastrophizing over something that might not come to be.

And I think a lot of us would benefit from recognizing the difference between decisions that are a little bit more reversible versus decisions that are a little bit more permanent.

So Jeff Bezos has this framework around one-way door versus two-way door decisions, which I find helpful.

One-way door decisions are decisions like, should I buy this house?

Should I marry this person?

They're a little bit harder to reverse.

Two-way door decisions are the things that we can course correct.

We can be more adaptable if we were to make the wrong choice.

The problem is too often we bring the analytical framework of a one-way door decision to a two-way door decision.

And the cost is that we don't make the two-way door decisions as quickly as we should.

And so we wait around trying to find the perfect X, Y, or Z to try and make sure that we know exactly how everything is going to go before we try.

And in that time, we are wasting a lot of opportunity that may no longer be there.

And so one thing I like to say is that the fastest way to learn is through building, is through doing, rather than trying to listen to a million podcasts about how to start a business or try and do a comprehensive market analysis before you record your first podcast episode.

Actually, just go out and do it.

And that will teach you much more than the endless hours of desk research.

Not necessarily.

You want to look at someone's bona fides, their research, their reason for having confidence and opinions.

Of course, if someone has the accolades and the time spent really understanding the context of a problem, hopefully they're making better predictions than someone who is just