Ray Dalio
A failed decision, in Dalio's approach, calls for facing what happened openly, turning the mistake into a rule, and giving more weight to people with a record of solving similar problems.
Experiencing failure is a necessary part of the evolutionary process, because leaning into the pain of mistakes and reflecting on their root causes is a primary mechanism for generating progress.
Achieving any goal requires a sequential, five-step process of setting clear targets, identifying obstacles, diagnosing their root causes, designing a plan to bypass them, and executing the necessary tasks.
Human beings are hindered by ingrained ego barriers that reject criticism and cognitive blind spots that limit perception, making radical open-mindedness essential for discovering objective truth.