Daniel Ek - Enabling Creators Everywhere - [Invest Like the Best, EP. 242]

@created:: 2024-01-24
@tags:: #lit✍/🎧podcast/highlights
@links::
@ref:: Daniel Ek - Enabling Creators Everywhere - [Invest Like the Best, EP. 242]
@author:: Invest Like the Best with Patrick O'Shaughnessy

2023-03-22 Invest Like the Best with Patrick O'Shaughnessy - Daniel Ek - Enabling Creators Everywhere - [Invest Like the Best, EP. 242]

Book cover of "Daniel Ek - Enabling Creators Everywhere - [Invest Like the Best, EP. 242]"

Reference

Notes

Quote

(highlight:: Is the Decision One-Way or Two-Way?
Key takeaways:
• One way decisions are hard to reverse.
• Two way decisions are easy to go in and out of.
Transcript:
Speaker 1
The first thing is to realize whether something is a one way dor, two wa door decisions. Most people cannot make the distinction of what's what, so they'll either treat everything as one way toward decision, or treat everything as a two way to ard decision. Both are incredibly dangerous for everyone. Who don't know the concept. I think it was amazon back in the day that popularized it, and the many variants of the same idea. But basically, one way to ar decision is very hard to reverse, if not impossible. Two way toward decisions are easy to go in and out of, and you can easily reverse it. It's important to know when an experimentin when you can't teach people that, and that there ought to be different decision making processes based on if it's one way door or two.)
- Time 1:14:01
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