Pre-mortem
Also called: premortem
An exercise done before a decision, imagining that it has already failed and listing the most likely reasons why.
Imagining failure as having already happened makes people more willing to name risks that optimism hides. Each reason becomes a kill criterion, a reason to reduce position size, or a reason not to invest.
Learn more in these lessons
- What would prove you wrongHow do you decide in advance what would make you change your mind?
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