“Without thinking things through, you might end up doing the wrong things.
Remember that poor outcomes in life are excusable but poor thinking and decision-making are not. The reason is that you do not have any control over the former—but you do have all the control over the latter. That’s why the 20/80 ratios will probably save you a lot of time, money, and worry. When you take time to think things through, you’re less likely to make emotional decisions. When you’re decisive, you make a decision and stick to it—which is ultimately how we achieve our goals.”
Darius Foroux discusses this issue here. When you invest your money, the focus of those wanting to sell to you their services and funds is to get you to make a decision now. Not tomorrow or next week. Now. They don’t want you to really think too deeply about what they are selling, partly as you might say no. The faster they can get you to make a decision, the faster you invest and voila, they get paid.
How many investors look back and think ‘what was I thinking”. Well, perhaps you weren’t encouraged to do much thinking at the time. It always pays to do intelligent thinking before you make a decision, and if you have regret, rather than try to persuade yourself you made a good decision, admit it was poor, and introduce quality thinking as soon as you can.