MAKING THE RIGHT DECISION

🎯 Knowing what you can know and being aware of what you can't know is key to making good decisions. The best investors understand that there are no certainties in the markets, and accepting this is an important truth.

💡 Instead of focusing on finding absolute certainty, they think in terms of probabilities. This means they accept the existence of risk and uncertainty, and measure the level of uncertainty to make rational decisions. Instead of betting on a single scenario, they always consider multiple possibilities and calculate the probability of each scenario. This mindset helps them minimize risk and maximize long-term returns.

🔑 Core message: Certainty is not a prerequisite for making good decisions. Probabilistic thinking and the ability to accept uncertainty are the keys to better decisions. When you focus on measuring and managing risk rather than trying to avoid it altogether, you are better able to make wise and effective decisions in a volatile environment.

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🔍 Know your limits,

đŸŽČ Probability guides the way,

đŸŒȘ Accept ambiguity.

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#Write2Win