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They would learn to evaluate a decision not by its…

“They would learn to evaluate a decision not by its outcomes--whether it turned out to be right or wrong--but by the process that led to it. The job of the decision maker wasn't to be right but to figure out the odds in any decision and play them well.” quote by Michael Lewis
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““They would learn to evaluate a decision not by its outcomes--whether it turned out to be right or wrong--but by the process that led to it. The job of the decision maker wasn't to be right but to figure out the odds in any decision and play them well.””

Michael Lewis

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Decision quality should be judged by process, not just outcomes; focus on odds and sound reasoning

In simple terms: Evaluate decisions by process, not result

Key Takeaway

Focus on process, not just outcome

Themes

decision-making process probability

Mood

analytical pragmatic

Type

educational philosophical

When to use this quote

  • investment
  • project planning
  • policy design
  • personal choices

Key Concepts

risk analysis strategic thinking

Questions to Reflect On

  • How do you assess decision quality?
  • What tools help evaluate odds?
A Different Perspective

Outcomes still matter for accountability; process can be opaque

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