Today I was inspired by a post on Pinterest.
On an image from that site was the following quote:
"A man with a watch knows what
time it is. A man with two watches is never sure."
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Too Many Choices ... |
The entry by Mr. Popik calls the quote
“Segal's Law”. It is credited as a quote by Lee Segall of
Dallas, Texas in 1961. Somewhere along the way from 1961 to the time
the term Segal's Law was coined the name had lost it's second “L”.
Not to be confused with actor Steven Seagal's law, which is
apparently to kick butt and deliver deadpan lines in his movies. That
joke didn't offend anyone and it was pretty cheap anyway.
Anyway, back to the quotation. What
does it mean? There is a big danger in having too many choices. I'll
give you some examples. If you go shopping for a computer and the
store has only one model you have one choice. Do you buy it or not?
If you go shopping for a computer and the store has twenty different
computers then the choices make the decision so much more difficult.
Do I get the larger screen? The one with higher memory? Get it in
black or red? It takes a lot more time and more concentration.
If you have the time for the choice
that's nice but what about the situation where too many choices comes
at a high cost? For example, if you practice martial arts and you
know seven different ways to defend against a standard punch what
happens when you have to defend yourself? From the time the fist is
in the air to the time you end up with a broken nose do you have the
time for all those choices? No you don't.
Let's talk about it economically. The
stock market has been portrayed as a cutthroat environment on the
floor of the New York Stock Exchange. When your stock prices are
changing every second you don't have time for indecision. It's more
than just whether or not to buy, hold, or sell. You have to look at
the stock's history, its portfolio. All that information that can be
used to make the decision takes time to analyze. The second or two
that you had to make the choice is long gone if you're not prepared.
Having a little knowledge makes you
educated and fights ignorance. Knowing too much can be more dangerous
than ignorance at least in terms of making decisions. In the age of
the internet there is so much information floating around and freely
available that the temptation to learn it all is too great. There is
no excuse for ignorance but what is the excuse for being an
indecisive know-it-all? Food for thought.
"A man with a watch knows what time it is. A man with two watches is never sure."
"A man with a watch knows what time it is. A man with two watches is never sure."