Lessons from Collin Powell – LESSON 15/19: “Use the formula P=40 to 70,…
… in which P stands for the probability of success and the numbers indicate the percentage of information acquired”.
Part II: “Once the information is in the 40 to 70 range, go with your gut”.
Don’t take action if you have only enough information to give you less than a 40 percent chance of being right, but [...]
