Every decision, setback, or triumph is an opportunity to identify the seeds of truth that make you the wondrous human being you are.

Am I going to regret leaving Wall Street? No. Will I regret missing the beginning of the Internet? Yes.

As organizations get larger, there seems to be a tendency to use the heavy-weight Type 1 decision-making process on most decisions, including many Type 2 decisions. The end result of this is slowness, unthoughtful risk aversion, failure to experiment sufficiently, and consequently diminished invention. We'll have to figure out how to fight that tendency.

Focus on the big decisions. "As a senior executive, what do you really get paid to do?" he asks. "You get paid to make a small number of high-quality decisions. Your job is not to make thousands of decisions every day.

The great thing about fact-based decisions is that they overrule the hierarchy.

You collect as much data as you can, you immerse yourself in that data but then you make the decision with your heart.