Bad Decision vs Wrong Decision - There is a Difference

By
Services for Real Estate Pros with Mike Hendren Photography

Our entire lives are filled with a series of decisions - what should I eat, which road should I take, should I make that call, etc. Some of these decisions can have an immediate impact on our life and some have a longer term effect.

What we eat, good or bad, normally doesn't make a difference in our day-to-day life. But over a period of years or even decades, it can have a huge impact on our health, quality of life, and longevity. Here, wrong decisions - many of them over a long period - do constitute "bad" decisions.

But, what about other decisions made with less knowledge about what the future holds? Of course, none of us really can predict the future, so we decide things based on what information is available. Is that stock, or the stock market, going to go up or down? Is the left fork in the road, or the right fork, the best way to get to where I want to go? When we don't know what the future will bring or what lies down that stretch of road, we must make decisions based on hunches, educated guesses, and maybe even intuition. The bottom line is that a decision made on the best available information can often be the wrong decision - but that doesn't make it a bad decision.

It's like flipping a coin. If you choose tails and it comes up heads, then you made a wrong decision, not a bad one - unless, of course, you knew it was one of those "two-headed" coins.

Now, don't get me wrong or misunderstand because many of us do make bad decisions. Sometimes we might pick a particular thing (direction, investment, friend) based on "wishful" thinking rather than what we know in our hearts and minds. Then it is a bad decision.

So what do we do? Well, we still have to make those choices every day, many times a day. The best we can do is to get as much information as we reasonably can in the time allowed and then decide. The next best thing we should do is realize that sometimes our reasoned decisions will be wrong and not waste time agonizing over "what if", but learning from the experience and moving on.

Sometimes, decisions are wrong but not, necessarily, bad.

So . . . . . as lunch approaches, I can't decide . . . . . is it going to be a salad or a burger? Some decisions are harder than others. :-)

Comments (7)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

As a property manager, I MAKE decisions for my client/property owners.  I make them with the LONG VIEW of my experience and knowledge. 

Real estate agents with little or know knowledge often offer suggestions to clients based on FEELINGS or DESIRES rather than knowledge and current experience......BURGER for lunch and SALAD for dinner!

Sep 24, 2011 06:58 AM
Mike Hendren
Mike Hendren Photography - Cloudcroft, NM

I like the way you think- I'm going for the burger! :-)

Sep 24, 2011 07:25 AM
Robert Butler
Aspect Inspection - Montreal West Island, QC
Montreal Home Inspector | Aspect Inspection

Some times the bad decision is to make no decision even if the decision you make turns out to be a wrong decision. To not make a decision when you have to, or on time, is to allow others or subsequent events to make it for you.

As construction managers we were trained to make the most informed decision we could, in a timely manner, even if it later turns out to be wrong. To make no decision was always a bad decision.

Sep 24, 2011 08:03 AM
Charles Stallions
Charles Stallions Real Estate Services - Pensacola, FL
800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.

I agree with  Wallace on the lunch for sure as far as the rest I am pretty quick to make a decision so as it is not life and death.

Sep 24, 2011 09:29 AM
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

“So . . . . . as lunch approaches, I can't decide . . . . . is it going to be a salad or a burger?” Mike as long as you polish off the salad or burger with chocolate or ice cream or chocolate ice cream, you can’t go wrong.

Sep 25, 2011 10:37 AM
Mike Hendren
Mike Hendren Photography - Cloudcroft, NM

David, you have this figured out - I'm all in for choc. ice cream! :-)

Sep 25, 2011 01:47 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

As Mel Robbins said: our life comes down to your decisions and if you change your decision, your change everything.

Nov 08, 2017 09:22 PM