Regret minimization framework

Jeff Bezos – Regret Minimization Framework

I’ve been thinking a lot about this lately, and thankfully Bezos clarified my thoughts in a very nerdy, but helpful way: The Regret Minimization Framework. Simply put: Imagine yourself sitting in a chair at 80 looking back on your life, how can you ensure you have as few regrets as possible? This long-term view is remarkably effective at washing away some of the short-term concerns (as he described in video, it made it easy for him to walk away from Wall St bonuses to start Amazon) which often hold us back.