1.10 Decisions and Uncertainty

Photo by Holden Baxter on Unsplash

 

Perfect asepsis is not possible; that does not mean that we operate in the sewer.  

-Bernard Lewis,

paraphrasing Robert Solow 1986

 

The only certainty is that there is no certainty. Reject absolute answers and recognize uncertainty, weigh the probabilities, don’t let uncertainty paralyze you, and evaluate decisions not just on the results, but on how they’re made.

– Robert Rubin,

Former CEO Citibank, Goldman Sachs

Former United States Secretary of the Treasury

167th Commencement, New York University

Main speaker, 1999

New York Times (05.14.99)

License

Icon for the Creative Commons Attribution 4.0 International License

Corporate Finance Copyright © 2023 by Kenneth S. Bigel is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book