
- The foundation for all decision-making, according to expert risk-taker Barnaby Marsh, is acquiring adequate information.
- Context and consideration of the possible outcomes is important because each decision is different and what works in one scenario won't necessarily work in another.
- Marsh argues that the evolution of knowledge is also crucial. Failing to shift and reframe knowledge as environments change (the fallacy of excessive expertise) is the biggest mistake in decision-making.
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