Jeff Bezos explains risky business decisions

http://www.businessinsider.com/jeff-bezos-explains-the-perfect-way-to-make-risky-business-decisions-2017-4

“Most decisions should probably be made with somewhere around 70% of the information you wish you had,” Amazon CEO Jeff Bezos said in his annual letter to shareholders. “If you wait for 90%, in most cases, you’re probably being slow.” Instead of focusing on avoiding mistakes by making perfect decisions, become a master of “quickly recognizing and correcting bad decisions. If you’re good at course correcting, being wrong may be less costly than you think, whereas being slow is going to be expensive for sure.”

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