“good decisions requires the development”

— Victor Sperandeo

Trader Vic--Methods of a Wall Street Master

Last update June 3, 2021. History

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Victor Sperandeo1

American businessman 1945

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“The fine art of executive decision consists in not deciding questions that are not now pertinent, in not deciding prematurely, in not making decision that cannot be made effective, and in not making decisions that others should make. Not to decide questions that are not pertinent at the time is uncommon good sense, though to raise them may be uncommon perspicacity. Not to decide questions prematurely is to refuse commitment of attitude or the development of prejudice. Not to make decisions that cannot be made effective is to refrain from destroying authority. Not to make decisions that others should make is to preserve morale, to develop competence, to fix responsibility, and to preserve authority.
From this it may be seen that decisions fall into two major classes, positive decisions - to do something, to direct action, to cease action, to prevent action; and negative decisions, which are decisions not to decide. Both are inescapable; but the negative decisions are often largely unconscious, relatively nonlogical, "instinctive," "good sense."”

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It is because of the rejections that the selection is good.
Source: The Functions of the Executive (1938), p.194, as cited in in Albert Lepawsky (1949), Administration, p. 626