Think in terms of probabilities, not absolutes from "summary" of Poor Charlie's Almanack by Charles T. Munger
When facing a decision, it is crucial to remember that there are very few absolutes in life. The world is a complex and uncertain place, and it is rare to have complete certainty about anything. Instead of thinking in terms of black and white, we should shift our mindset to consider probabilities. By focusing on probabilities, we acknowledge that most decisions are not clear-cut and require a level of uncertainty. It allows us to embrace the shades of gray that exist in every situation. This approach encourages us to consider various possible outcomes and weigh the likelihood of each one happening. ...
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