Make Mistakes Cheap, Not Rare
August 11, 2025
Sharing this nugget of wisdom via Farnam Street Blogpost
People think good decision-making is about being right all the time. It’s not. It’s about lowering the cost of being wrong and changing your mind.
When the cost of mistakes is high, we’re paralyzed with fear. When the cost of mistakes is low, we can move fast and adapt.
Make mistakes cheap, not rare.
