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Jeff Bezos "Regret Minimization Framework" [1] A regret minimization framework "I wanted to project myself forward to age 80 and say, 'Okay, now I'm looking ba

Jeff Bezos "Regret Minimization Framework" [1] A regret minimization framework "I wanted to project myself forward to age 80 and say, 'Okay, now I'm looking back on my life. I want to have minimized the number of regrets I have,'" explains Bezos. "I knew that when I was 80 I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed I wouldn't regret that, but I knew the one thing I might regret is not ever having tried. I knew that that would haunt me every day, and so, when I thought about it that way it was an incredibly easy decision." [1] https://www.youtube.com/watch?v=jwG_qR6XmDQ https://www.youtube.com/watch?v=jwG_qR6XmDQ

fifnir 8y ago
Good for him that he won't have any regrets about treating the workers in his company like shit
BeniBoy 8y ago
It seems reckless to get your life advice from the richest person in the world without taking survivorship bias into account[1] [1]https://en.wikipedia.org/wiki/Survivorship_bias https://en.wikipedia.org/wiki/Survivorship_bias
- rohit89 8y ago
  Not sure that is applicable here. His advice is basically to minimize potential regret. A variation of "better to try and fail than never try at all".
  - inimino 8y ago
    ...from someone who tried and succeeded.
baxtr 8y ago
This approach is highly flawed because you optimize for the age of 80 where your body and mind are heavily limited. Being happy at 80 isn’t something I’d optimize for. Being happy along the way even if you’d regret it later seems to be more reasonable. Best of course happy along the way and happy later.