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Sunday, June 01, 2008

The Power and Futility of Retrospection

For the past few days, I have had the privilege of bouncing off ideas with fellow inquisitive souls. One of the things that was a real take-home for me was how powerful and at the same time futile retrospection can be. Decisions made in relationships, business and almost every aspect of life have a lot of baggage. Some duffel bags and some large suitcases filled with past mistakes. Many a times people are scarred for life due to these mistakes. They carry their suitcase everywhere from that moment on. And end up not having the courage to risk making another decision in similar scenarios. They give in to the fear of increasing their check-in luggage.

So what are mistakes that you me or anyone else makes? Would we make them if we knew they were wrong? Well in some cases we would! Those are matters of the heart which we can take up some other time. More often than not though, given the choices, the circumstances and the lack of ability to view a crystal ball, we would make the same decision. Sometimes we are dealt pocket Kings and we play the hand. Only to realize someone else has Pocket rockets. Sometimes we have so few chips left that we have no option but to go all in with a deuce and maybe still win the hand. So which one is a right decision anyways? No one knows what the river card is or whether someone else has a better hand. We all use our better judgment, evaluate our options and make a move one way or another. So should we really be regretful about our judgments. Well yes and no! We got to understand that every step you take when you have a choice is the best option that you had. Sometimes maybe you just don't know any better.

So who's to say the war in Iraq was a bad decision? Well maybe it was for people who played up the possibilities of WMD. Coz that was unscrupulous on their part. But for the majority it was a decisive response to what they thought they knew! Who's to say it was a bad decision for banks to enter sub-prime loans? They were just trying to jack up their bottom-lines to surpass their quarterly numbers. It turned out to be a disaster for people buying homes beyond their incomes. But again it was their decision to enter a deal and a market which they did not understand well enough.

Do you think we are not gonna make any more mistakes in future? Well best of luck if you think that. Whats important is to make sure you learn the right lessons after you are knocked off the horse. You need to learn to recognize that mistakes happen. But the biggest mistake is the failure to learn from past mistakes. An even bigger mistake is to repeat the same one again. So my fellow humans and mammals and others with a cognitive sense to process this, Be as informed as you can be...Make Decisions.....Make mistakes....Retrospect....Laugh at yourself for doing what you did.....and move on....!!!