Friday 16 July 2010

How to test your decision-making instincts - McKinsey Quarterly - Strategy - Strategic Thinking

Decisions are part of everyday life – but how can we get better at them. Here is a great article on how to tackle those biases, work on our predispositions and challenge our gut instincts and emotions.

“Warren Buffett recommends extra challenge as a solution to biases that arise during acquisitions. Whenever a company is paying part of the price with shares, he proposes using an “adviser against the deal,” who would be compensated well only if it did not go through.”

Here is the rest of the article: How to test your decision-making instincts - McKinsey Quarterly - Strategy - Strategic Thinking

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