Decision making is focussed on the future. It is always forward-looking. All actions in business should be focussed on what is to come: on realising postive future outcomes and avoiding negative ones.
Better risk management and decision making are means to this end; they are tools to help you achieve your goals by looking forward, not back.
At the highest level, better decision making means better strategic direction for the business. Strategy is about finding new answers the question 'what shall we do?' By enhancing your understanding of risk, you can be as sure as possible that the answers you find will take the answers you find will take the business forward to a brighter future.
Through learning and practising, you will be able to move forward and achieve positive outcomes by taking decisions and managing risks more effectively.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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