Good morning. The care that protects you on one decision a year is quietly taxing the other four hundred.
Decisions.
Reversible vs Irreversible
Think of the decision that has sat unmade on your desk for a fortnight: if you got it wrong, what exactly would the walk back cost you in money, in weeks and in trust? If the honest answer is "not much", the fortnight has bought you nothing — you have been running a board-level process on a door that swings both ways.
Irreversibility, not size, is what makes a decision expensive. That is the finding underneath Investment under Uncertainty (1994), in which Avinash Dixit at Princeton and Robert Pindyck at MIT Sloan showed that when a commitment cannot be undone and the future is genuinely uncertain, the ability to wait is itself worth money — the standard net-present-value rule, which says invest the moment the numbers clear, under-charges for the door closing behind you. Jeff Bezos supplied the working vocabulary in his 2015 letter to Amazon shareholders: Type 1 decisions are one-way doors, consequential and near-impossible to reverse, and deserve deliberation; Type 2 decisions are two-way doors, and should be made quickly by individuals or small groups with good judgement. His warning was about drift — organisations grow, apply the heavy Type 1 process to everything, and trade speed for a safety they never needed. Most people never make the classification at all, so every decision gets the same fortnight. Symmetric care is the common failure: one process for every decision, too slow for the many and too casual for the few that cannot be undone.
Members only · 4 principles + template + AI mentor
364 more frameworks are waiting.
Reversible vs Irreversible is Day 1 of 365. One framework every morning for a year — across strategy, sales, negotiation, leadership, and more.
$1 /day
Billed $365/yr · cancel any time
365 frameworks
12 topics · templates · AI mentor
One payment a year · the whole library · no auto-renewal.