August 2017
Intermediate to advanced
256 pages
4h 30m
English
Content preview from The Little Book of Big Management Wisdom
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QUOTATION 50
HELGA DRUMMOND ON WHY YOU SHOULD NEVER CHASE YOUR LOSSES
Use this as your second principle of decision making.
Helga Drummond is Professor of Decision Sciences at the University of Liverpool Management School and has written widely on decision making, including The Economist Guide to Decision-making: Getting it more right than wrong.
She argues that one of the major mistakes made by decision makers is is not knowing when to cut their losses:
Making a wrong decision is bad enough, throwing good money after bad by persisting with the wrong course of action is worse.
Helga Drummond
WHAT TO DO
- The above is a simple maxim and its meaning is immediately clear. However, it can prove extremely difficult to apply in the real world ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.