How to Make Tough Decisions

About Valuetainment: Founded in 2012 by Patrick Bet-David, our goal is to impact entrepreneurs around the world through value and entertainment. We are the #1 channel for entrepreneurs because of the best interviews, best how to videos, because we defend capitalism and educate entrepreneurs.

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[noah-gordon]

Taking emotions out of decisions is one key to success.

[Brian-uwlk]

Thank you so much for the value, Pat! As expected your channel lives up to its name!! 🙌

Lessons:
1. Game Theory - The prisoner's dilemma. Think of the consequences of the decision and how you respond to them.

2. Worst Case Scenario Analysis - Can you live with the worst outcome of the decision.

3. Value and Principles - Analyse if the decision aligns with your life values and principles.

4. Get Great (Objective, experienced, reasonable & unbiased) Counsel.

5. Consider your Alternative(s).

6. Decision Fatigue - Avoid making big decisions when fatigued! Sleep on it if you can.

7. Stick with your decision - Once you've made your decision, stick to it!

[nelsonivangonzalez]

Patrick, I am going to Vegas. I was not going to come but a friend of mine told me, “You can’t miss out this.” Then I told her, “I am going to see this inspiring man.” Now I am going to Vegas to get more motivation from you.

[timcook]

No one has explained this to me as clear as you did. Thank you so much! Been facing tough decisions lately.

[unitatm]

For the first 30MINUTES...I spent time eyeing the WRIST WATCH ⌚😂😂😂....a kul one David....the point got in.

[ossen]

*If you hesitate* - they will doubt your authority
When you come to a conclusion, go all in!

[DamonLeeK]

Successful people make decisions quickly and change them slowly. Unsuccessful people make decisions slowly and change them quickly! - Napoleon Hill, Think and Grow Rich.

[moonlightreveries]

I overthink EVERYTHING. This changed my life thanks man. I truly appreciate every word it’s like gold.

[surimaribo]

simply brilliant to the point thank you. instead of people using energy drink . watch this every day you need to be pumped up .

[abelmore]

Great advice! I’ll take it.

I think this was said in here, but I heard once said from a military guy as it pertained to leadership saying, “your not a bad leader because you made a bad decision; your a bad leader because you made no decision.”

That stuck with me.

[tsn_xi]

1. Game theory
Ask: if i take action what are the consequences and how do i respond and reaction
Prisoner dilemma
2. Worst case scenario
3. The decision doest match your values and principles
4. Go get great consul
Person should be neutral, reasonable and not emotional on topic
5. What are your alternatives
6. Decision fatigue
Never make massive decision when you are fatigue
7. Stick with your decision
Big decision have slow process but fast movement

[unicornspinach]

You should have a channel for all the fatherless kids!!!

Boys and men need your advice and mindset... ❤️💪

[alexfayaz]

❤❤❤❤❤ thanks for helping people with this kind of video

[mattfavaloro]

Mr. Patrick Bet David sir I I just wanted to say thank you for the free lessons that were not free for you to learn and I am thankful I do not have to learn the hard way like you did thank you sir

[LuisGonzalez-yfrn]

Fascinating info! Invaluable details on decision making. Much appreciated!

[molinajuanr]

OMG ! my name is Juan that is John in Spanish even I was not planning to rob a bank or nothing similar, I in the moment of making big decisions and not knowing how to handle it yet stop me from doing what I wanted to do! But thanks to you with the value video I can start making important decisions and moving forward to the next decisions and keep moving forward.... thanks Patrick!!
Nice to meet you in person a couple of weeks ago in Puerto Rico in the PHP event!

[RajBeats]

Right when i was thinking "this is the best channel on Youtube for say "The #1 channel for entrepreneurs"....lol well deserved title Pat. Thanks again bro

[sealinemedia.]

​0:14 - The meaning of decision in Latin is to cut away from the past.
0:31 - Making tough decisions is often difficult because we are cutting away from certain aspects of our lives.
​1:00 - Using game theory can help us make tough decisions with the biggest odds in our favor.
​2:01 - The prisoner's dilemma is an example of game theory where we have to weigh the risks and rewards of our decisions.
​3:29 - Consider the worst-case scenario and ask yourself if you can live with it before making a tough decision.
​4:01 - If a decision doesn't align with your values and principles, it's best to move on.
​5:58 - If an opportunity comes your way but it doesn't match your values and principles, move on.
​6:34 - Get great counsel from someone who is neutral and reasonable in their decision-making process.
​7:58 - Always consider your alternative options before making a tough decision.
​8:48 - Avoid making major decisions when you are fatigued, as it may cloud your judgment.
​9:54 - Once you make a decision, stick to it and avoid second-guessing yourself.

[luism.rodriguez]

“Hire too fast and fire way too slow”; been there - done that. It is so true! Excellent and succint presentation on the important skill of decision making. Thanks!

[calvinraab]

Sometimes as weird as it sounds you just gotta flip a coin and commit to something. You don't want to get caught in analysis paralysis.