Strategies to Learn How to Make Better Decisions
I often look to Warren Buffett, CEO of Berkshire Hathaway, and Charlie Munger, vice chairman of the same company, as inspiration for my days. Both have developed a reputation as sages in the investment community and beyond. They invest in new companies infrequently and hold on to their investments for the long-term. Buffett and Munger spend their time reading, studying, and pondering and have been able to build a business empire based on this strategy of deep analysis and sparse action.
As I have been working on building my company over the past couple of years, I find myself often in constant action mode, completing one task after the other. As often happens, I find it difficult to find the time to ponder ideas and decisions. With time, I have come to realize that I must slow down to be more effective, as the idea is to take the time and learn to think as clearly as possible.