1. Information is key.
Those who are well-informed make better decisions. Skill without information can be useless. Don’t under-estimate the power of a tiny piece of information; it may turn out to be a game-changer.
2. Decision-making can be simple: Anything with a success rate of greater than the current risk tolerance is worth doing. Risk tolerance differs in various stages of life. Normally, anything with greater than 50% chance is worthwhile. It does not guarantee success every single time, but it does over the course of a lifetime.
3. Act the opposite during social interaction. Be active around a passive person, and passive around an active person. Appear weak with someone strong, and strong with someone weak. And so on.
4. Knowing when to give up leads to success.
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