What are the trade-offs

One way to improve the quality of our decisions is to pose a simple question any time we find ourselves receiving a recommendation – “What are the trade-offs?”

It doesn’t matter what the recommendation is – but if it involves a significant investment for some great predicted benefit – it is worth explicitly understanding what the trade-offs are.

Because they always exist – nothing is perfect.

And the sooner we understand them, the quicker we’ll be able to gauge if something is great for us.

We’ll also quickly understand the compatibility of a recommender as well. Good recommenders tend to be disciplined about consistently calling out trade-offs.

4 Views
 0
 0