“Once we have a sense of how long a decision should take, we generally should delay the moment of decision until the last possible instant. If we have an hour, we should wait 59 minutes before responding. If we have a year, we should wait 364 days. Even if we have just half a second, we should wait as long as we possibly can ... Life might be a race against time but it is enriched when we rise above our instincts and stop the clock to process and understand what we are doing and why. A wise decision requires reflection, and reflection requires a pause.”
Quote by Frank Partnoy
Author
Frank Partnoy
Frank Partnoy is a renowned scholar specializing in financial law and financial markets. His research focuses on financial derivatives, investment banking, and corporate governance. Professor Partnoy has held teaching positions at several prestigious universities, including Stanford University and Yale University, and has published numerous works on financial law and financial markets. more
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Source: Playing the Game: A Baden-Powell Compendium