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A mental model everyone should know: The Regret Minimization Framework. This is how Jeff Bezos used this model to decide to start Amazon...

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Arjun Mahadevan (Mr. LLC 🇺🇸)

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702,646 просмотров • 3 лет назад •via X (Twitter)

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This led Bezos to create his famous "Regret Minimization Framework": Imagine yourself at 80, looking back at life: "Would you regret this decision?" Here's how Bezos explains it:
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Jeff Bezos just explained the mental framework that made him one of the richest humans alive. He called it the regret minimization framework. He was working a job he loved on Wall Street when the internet was just taking off. He told his boss he was going to quit and start an internet bookstore. His boss told him it sounded like a great idea but for someone without a good job. Bezos went home and thought about it for two days. Then he projected himself forward to age 80. And asked: what would I regret more? "The biggest regrets are acts of omission. Paths not taken." He realized there was a 100% chance he'd regret not trying. That single framework sent him to Seattle in the back of a car, typing the Amazon business plan on a laptop.
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