You Can Take Action with Incomplete Data | Ep 945

I don't know what I would do more of because I don't track anything that I'm currently doing. Well then we have to get the metrics so that we can understand what to do more of so that we can do more of it. This does not mean that you cannot take action without having complete data, because the nature of entrepreneurship is that you will always have incomplete data. There will always be things that you want to know that you do not know. And so probably the vast majority of your decisions will have to be directional or recent from first principles of like, well, I know these things to be true.

And so can I extrapolate that to my current situation? Could I generalize knowledge and apply it to a specific domain? There are some things that when you have what I would consider irreversible decisions or one-way doors, as Bezos says it, those are the ones that you want to gather a little bit more data around to make your next big bets. How's the morning? Good?

Yes? Okay, fantastic. Um, hopefully it should make a little bit more sense in terms of why we structure uh the event the way we do, which is that, you know, the first day it's all theoretical, framework-driven. In the mean, you know, thesis behind that is you're going to have this time with our team who are, you know, have seen, have seen businesses like yours at all different sizes. And you have these this short period of time to ask the most meaningful and most impactful questions.

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