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September 4, 2018

Regret Minimization Framework

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Thus message was taken from maybe the greatest entrepreneur of this generation, Jeff Bezos, who figured out very early how he wanted to make big career decisions. 

Bezos stated, " I went away and was trying to find the right framework in which to make that kind of big decision. And the framework I found, which made the decision incredibly easier, was what I call, which only a nerd would call, regret minimization framework. I wanted to project myself forward to age 80. So, okay now I am looking back on my life, I want to have minimize the number of regrets I have. And you know, I knew when I was 80 I was not going to regret having tried this. I was not going to regret trying this thing called internet that I thought was going to be a really big deal. But, I knew the one thing that I might regret is not ever having tried. When I thought about it that way, it was an incredibly easy decision. If you can project yourself out to age 80, and think, 'what will I think at that time?', It gets you away from some of the daily pieces of confusion. But, if you can think about the long term, then you can really make good life decisions that you won't regret later".

Bezos’ Regret Minimization Framework is definitely something worth keeping in mind. Although we’re probably not deciding whether or not we should start the next Amazon, we just might be! Live your life without that regret and decide accordingly.

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