5 Cents

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so. – Mark Twain

Nobody can be right all the time but the best leaders are indeed right far more often than not. They are right more often than not because they best leaders have good judgment. The simple definition of judgment is: an opinion or decision that is based on careful thought or the act or process of forming an opinion or making a decision after careful thought.

Both of those definitions have the term “careful thought” in common. A decision based on careless thought is rarely a good decision and never as good of a decision as it could have been. 

A ball and a bat together cost $1.10. The bat costs $1.00 more than the ball. How much does the ball cost? 

Research says that 79% of the people who just answered that question instinctively, without careful thought answered that question wrong. 

Great leaders think and they think carefully before making a decision. They consider the consequences of their decision and the consequences of those consequences. Like a chess master they think several steps ahead of most people.

Great leaders think bigger.

Most importantly they know what they don’t know. They don’t assume much if anything. They verify their facts, they have people who they can bounce ideas off of, they count on those people to tell them the truth, not just what they want to hear.

The best leaders know that they can find out about the things they don’t know. They also know that their real problems come from “knowing” things that just aren’t true.

I think most people actually have the potential to have good judgment, they appear to lack good judgment because their decisions are instinctive rather than informed. They sometimes seem to think that a quick decision is better than a delayed decision. Great leaders know that a delayed right decision will beat a quick wrong decision every single time. Every single time.

I know I’m likely to get hundreds of tweets and responses saying I should go back to school and study math because they believe the answer to my earlier question is indeed 10 cents. 

I thought about telling you why 10 cents is wrong but I’m not going to. Instead I’ll tell you this, if you’re willing to pay attention, really pay attention, then all the information you need to make good decisions and show good judgment is readily available to you. 

You only need to pay real attention, you must linger on the words on the person you’re speaking with until you truly understand what they mean. You must read every word in a sentence because words matter, if you don’t your brain will play tricks on you and make you think that $1.05 is really $1.00. 

Your judgment improves when you think bigger, listen intently and observe with both your eyes and your mind wide open. You have good judgement, the question is will you develop the skills you need to make use of it. 

When you do, you’ll know without a doubt that the ball costs a mere 5 cents.

The Importance of Decision Making

Successful people make good decisions. “Lucky” people make good decisions. The people you admire make good decisions. Good results are the product of good decisions.

I could make a strong case that everything “good” comes about as a result of good decisions. Perhaps some people could argue that not “everything” good comes from decisions but this much is certain; the quality of a person’s life is directed affected by the quality of their decisions.

Way too many people are virtually unaware of just how many decisions they make each day. You decide, yes YOU decide, who you hang around with, what you watch and listen to, who you believe, where your information comes from, when to go to bed, how much alcohol to drink, what to eat….all of those things are decisions. 

You even decide whether or not you will have a positive attitude. Yes, even your attitude is ultimately your decision and it is likely the biggest decision you make each day.

Perhaps you think you don’t need to make decisions in those areas, maybe you’re a “go with the flow” kinda person and you just let the people and circumstances around you “decide” for you. If that’s the case you should know that letting “others” decide for you often has the impact of making you less successful than you could be.

It’s great to ask others for advice and I strongly encourage people to have a mentor for that very reason but for decisions affecting you personally YOU should be making the final decision. 

You need to make your own decisions because ultimately it’s the decisions you make that make you who you are. There are outcomes, results, and consequences, both positive and negative, to every decision. Everything you say, do, and even think plays a role in determining who you really are. It’s worth investing a moment or two in deciding what’s best for you.

Some decisions will be harder than others. Some may be excruciatingly difficult. When you don’t know what to do just do the next right thing… the next right thing doesn’t have to be a big thing, baby steps are okay, just keep moving towards being the person you want to be. 

Your life is collectively made from all the decisions you make and don’t make. Work hard to make the decisions that give you the life you want. You’ll find that those decisions work just as hard for you!