Thinking in Bets When the Stakes Are Real

A good decision can still lead to a bad outcome. That doesn't make it a bad decision.

Separate process from result

When you judge a choice only by how it turned out, you learn the wrong lessons. Judge the process instead.

1. What did I know at the time?
2. What were the odds?
3. Would I make the same call again?

Think in bets, not certainties.