The final conclusion is that procrastination can make us make better decisions.
The longer you wait, the better the result will be. Once the decision-making time is clear, try your best to make a decision at the last minute. If there is an hour, wait for me 19 minutes. If there is a year, wait 364 days. Even if the decision-making time is only half a second, be patient. Waiting for a millisecond may change everything.
The longer you wait, the more likely you are to seize this excellent opportunity.
In this world full of high-speed computing, speed has proved not everything, but delay can benefit us a lot. With enough time to confirm the opportunity and wait for the best opportunity as long as possible, the available time in the reaction process can slow down the pace of time, and the preparation time is more than the time handed out. Take enough time to confirm.
You know, deliberation is more important than speed.
Only when the content of subconscious information has our own will to support each other will it be more obvious. Many experts point out that in fact, the previous information will really change our behavior, and this change is better than nothing.
The research on fast food shows that we should delay management for our own rapid decision-making system. A worthless piece of information may make us make a decision prematurely, even if we don't realize it exists at all.
Once you suspect that you have received unwanted subconscious information, you might as well slow down consciously to offset the influence of subconscious information stimulation. We can read slowly, or stop for a while before entering the museum or concert hall.
Keep your brain active and your subconscious active, and information will be seamlessly connected.
In the face of subconscious information, the best immune method is to continue thinking. Here it is.
The best decisions often come from preparation in advance.
The brain has system 1 and system 2, but these two systems of the brain are actually easy to make mistakes, especially under the pressure of time. System 2 can indeed correct the error in system 1, but it may add fuel to the fire and make the error worse.
Under the pressure of time, novices always perform poorly, because they spend too much time thinking and their intuition is unreliable. So if you only have a few seconds to make a decision, you'd better be an expert.
If you are a novice in a certain field, it is better not to make a decision than to make a hasty decision.
Experts can close the valve of thinking and make impeccable responses based on their own experience and intuition, but if you only have a few seconds to make a decision, then you'd better be an expert.
The conclusion of instantaneous gains and losses is prone to unconscious deviation. To actively avoid the infection of unconscious prejudice, we can correct conscious prejudice through conscious thinking.
We are used to drawing conclusions in just a few seconds, and these conclusions are often deeply influenced by the unconscious. Unfortunately, these conclusions are often full of loopholes, but fortunately, we can consciously correct them.
Don't panic, because sudden fear and what we call panic will seriously interfere with our decision-making ability and hinder us from making the best choice. Panic will turn experts into novices, panic, and pay attention to making anyone make a wrong decision.
The best actors are those who take their time.
Action is not rewarded, only the right decision can be rewarded. So we have to wait as long as we need.
Laziness has always been the cornerstone of our investment style, but Buffett is always acting. He is not busy buying and selling stocks. He didn't respond to all the information in front of him. Instead, he delayed his reaction time as much as possible. Buffett's short-term discount rate is very low, and he has a perennial vision.
Try to reduce the number of trading investments, be patient enough, possess as much information as possible, and wait as long as you can during the decision-making period. The longer you wait, the sharper your mind will become.
For hundreds of years, these first-class thinkers, experts and scholars have warned us in this book not to draw conclusions about the unknown. However, today people make decisions more hastily and frequently. We like to believe that our quick decision is wise, and sometimes it is. But when thinking about the future, true wisdom and foresight often come from our understanding of our own limitations, which is why we must consider the time required for decision-making and strive to observe and process information for the longest time. Are you sure it's possible?
Knowing how to procrastinate is a core part of human nature. This is a gift, and we can use it to examine our life. Wise decision-making is inseparable from thinking, and thinking needs us to stop. We can reverse Socrates' famous saying that a life that has been examined is a life worth living.
In order to solve such a long-term and important international livelihood issue, we need to make small and short-term decisions. Small decisions will affect our cognition and change our view of things all year round. People's decision-making is complicated, and it doesn't matter how long it is delayed. It is important to ask the right questions.
Warren Buffett believes that one of the secrets of his success is to postpone making a decision.