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Take great care to avoid mistakes when the decision is hard to reverse.

But! If you make a mistake that is hard to reverse, there is no sense beating yourself up about it. Your responsibility is to make the best next choice given your current position. You must always make the most of the situation you are in.

Next play mentality.

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You have to live with your mistakes, but you don't have to compound them.

To follow up an error with a foolish reaction is to lose twice. Given the reality of where you are right now, what is the best next action?

A wise response may not erase a dumb mistake, but it can redeem it.

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Making mistakes is inevitable: no one is perfect. You will make a few decisions that, in retrospect, you’ll wish you hadn’t — count on it. If you could turn back time, you’d try a different approach, but you can’t. There will always be other projects, provided you don’t double down on a risky project to recover your losses. Throwing good money after bad is not a winning strategy.

you must be careful never to allow doubt to paralyze you. always take the decisions you need to take, even if you're not sure you're doing the right thing. You'll never go wrong if, when you make a decision, you keep in mind an old German proverb: 'The devil is in the detail.' Remember that proverb and you'll always be able to turn a wrong decision into a right one.

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Remember, decisions don’t have to be made perfectly. We don’t have to be perfect. We don’t even have to be nearly perfect. We can just be who we are. We can make mistakes in our choices. We’re not so fragile we can’t handle making a mistake. It’s no big deal! It’s part of living. We can learn from our mistakes, or we can simply make another decision.

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When you get in situations where you cannot afford to make a mistake, it's very hard to do the right thing. So if you're trying to do the right thing, the right thing might be to eliminate the cost of making a mistake rather than try to guess what's right.

It's hard to save poor early decisions with good late decisions.

• It's hard to write a best-selling book if you chose an unpopular topic.
• It's hard to build a happy marriage if you married an unhappy person.
• It's hard to make money in real estate if you overpaid at the beginning.

Certainly, things can be improved by making good decisions along the way, but the effects of poor early decisions tend to linger.

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