Fast And Wrong Is Better Than Undecided

One of my richest mentors told me, I win for one reason. I move fast. By the time most people are done analyzing, I've already made 3 mistakes and found a better way. Being wrong costs you way less than being slow. Isn't that crazy to think about? At the time, I thought that sounded a little reckless, but it's not. A wrong decision costs you time, maybe some money, but you find out fast and you can correct. An undecided decision costs you the same thing every single day you refuse to make it, and you never find out because nothing happens. So you never figure out what the real cost is. While you're deciding, the market, like your life, whatever, is moving. So somebody else makes your call while you're still thinking about it. Now it's gone. Whether you would have gotten it right or not kind of didn't matter. So a fast wrong answer is almost always cheaper than a slow right one because the fast one teaches you something today and the slow one teaches you nothing at all.