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Warren Buffet’s ‘Newspaper Test’ Will Teach You to Make Better Decisions
How to make the most of the ‘decision time’ you have
Holding the position of Chairman and CEO of a 391,500 strong workforce is an incredibly daunting task. I nearly fell off my chair when I realised how many people Berkshire Hathaway employs. Needless to say, Warren Buffet has more on his plate than most. Here is a guy that at 90 years old (again I nearly fell off my chair, this is getting dangerous) is running a business that reported earnings of $81.4 billion and a revenue of $254.6 billion. I’ve decided to sit on the floor at this point.
These numbers are colossal. To put this in perspective the average house price in America is $226,800 according to Business Insider. With Berkshire Hathaway’s 2019 reported earnings you could buy roughly 3.6 million houses. If you want to know what 3.6 million homes look like, picture New Jersey, yep that’s right, the whole of New Jersey, that has roughly 3.3 million homes.
Eric Rassin published a paper in 2007 that described indecisiveness as a widespread phenomenon. Indecisiveness is described as taking a prolonged time to make decisions, regretting decisions, delaying decisive making, changing one’s mind frequently.
