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RE/MAX West Realty Inc., Brokerage Independently owned and operated

Lack of Confidence of Lack of Facts?

June 20, 2012


Lack of Confidence or Lack of Facts?

Which is it?

It’s decision time. Some of us make decisions easily, whether or not they are right or wrong in the final analysis. We make them because we are confident with ourselves and our decision making abilities. This comes from confidence. The confidence comes from one of four things:

One… We have all the facts to support the decision and expect the result to reflect the process.

Two… We have been pretty lucky in the past without the research, and expect that to continue.

Three… We are arrogant and whether or not it works out will not change our self-image.

Four… We can financially afford to take a blood bath and not flinch about it.

But what about those of us who have a problem with decisions? Is it a lack of confidence or a lack of information?

Have we made so many decisions in the past that were the wrong ones? Is it because someone always disagreed with our decisions? Are so we embarrassed by our failures that we avoid failing? Are we so cautious that we will trip that we refuse to put one foot in front of the other?

Here’s a thought. For me, if I have researched the issue to the point where I feel that there is nothing more that I can learn about it, I am now ready to make a decision. And because I have done my due diligence, I will not beat myself up if the decision turns out to be less than optimal. In other words, I can live with my decision. Does that make sense?

Obviously, most decisions are reversible… I can always change things. Obviously some decisions are not reversible… for example if I have decided to buy a stock and it falls, or not buy a stock and it soars, I can’t take myself to task over this because none of us have a crystal ball, and hindsight is, as they say, 20/20. What’s past is past. Move on.

And don’t ask anyone to decide for you or else you are not making a decision, nor are you  taking responsibility and accountability. That’s no way to live and learn.

Bottom line? As the song goes… if you have decided not to decide, you have also made a decision. So, let’s move forward, because backward isn’t possible and standing still accomplished nothing.

Here’s an adage for you to consider… “Success comes from good judgement. Good judgement comes from experience. Experience comes from bad judgement.” Judge yourself accordingly.

Sam Green

Tagged with: financial
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RE/MAX West Realty Inc., Brokerage Independently owned and operated
10473 Islington Avenue
Kleinburg, Ontario   L0J 1C0