A Little Regret Minimization
I’m sure many people have seen this video already. The interview itself is actually rather old. But the ‘Regret Minimization Framework’ that Jeff Bezos lays out here is incredibly impactful.
He provides an approach to decision-making that is applicable to every aspect of life. The concept itself may not be novel but the simple manner in which he spells it out is genius.
Often times we fear the decision that would ultimately ‘minimize regret’. To quote the movie Serendipity, as cheesy as it may seem:
You know the Greeks didn’t write obituaries. They only asked one question after a man died: Did he have passion?
Be revolutionary in your decisions. Minimize regret, and live with passion.