> It is absolutely imperative that you develop the habit of making decisions as soon as possible. I use a 60-second rule for almost every decision I have to make, no matter how big or important. Once I have all the data to make a decision, I start a timer and give myself only 60 seconds to make a firm decision. I’ll even flip a coin if I have to.
This might be a good idea for most decisions, but not big ones. It’s roughly how I lost $11k in Gox. In my case, I was reciting one of my father’s favorite phrases: "he who hesitates is lost." Be sure to think more carefully as the decision gets larger.