Golden Decision Questions
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A framework of three powerful questions to help make better decisions and overcome mental blocks, inspired by Jess Ma (founder who built a $900M business).
The Three Golden Questions
-
What would I do if I wasn't afraid to fail?
- Removes fear as a limiting factor
- Forces you to think about your true desires
- Helps identify where fear is holding you back
-
What would I do if I had $500M in the bank?
- Removes financial constraints from decision making
- Helps identify what truly matters to you
- Shows what you'd do when money isn't a factor
-
How will I deal with being an absolute beginner?
- Acknowledges the discomfort of starting over
- Especially important for successful people with established reputations
- Takes power away from the insecurity of being new
Real World Application (Jess Ma's Example)
- Started biotech company despite being a C student in biology
- Hired a biology tutor
- Watched podcasts and TED talks
- Asked experts thousands of questions
- Partnered with domain experts
- Focused on commercialization while learning the science
Key Principles
- Don't let ego prevent you from learning
- Being a beginner is a necessary part of growth
- Partner with experts while developing your own knowledge
- Use structured learning (tutors, courses) to accelerate progress
- Being successful in one area doesn't mean you can't be a beginner in another
Implementation Tips
- Hire tutors/coaches even as an adult
- Don't be afraid to pay for expertise ($500/hour example)
- Document and share your learning journey
- Focus on applying learnings immediately
- Have a specific use case or goal for new knowledge
52:45 - 53:53
Full video: 01:05:59SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.