You Have to Trust Your Gut

By Noah Graff

It’s strange how at Graff-Pinkert we sometimes can be so tentative about specing on a used machine that we’re supposed to be experts on but then surprisingly decisive buying something more obscure that we know very little about. 

Sometimes we find a used machine that we are unfamiliar with, but still the opportunity seems intriguing. We often have to decide how much to bid for machines at auctions of which we have only seen a few photos on the Web. We have to decide whether or not to trust strangers overseas selling machines for $50,000. Then, even if the machines we buy show up in good condition, there is no Kelly Blue Book to tell us the value of cam screw machines from 30 years ago. 

Trust your gut

I used to think that decisions were best made when a person leaves emotion out of the equation. But I’ve learned it’s scientifically impossible to truly do that. Humans can only make decisions if they have emotions. The key is to prepare as well as we can before we hold our breath and trust what our gut is whispering to us. We do research, talk to supposed experts, and role play situations internally. Then we have to have to take a leap of faith. Yes? No? Something more complicated? The key is to make a decision—to be clear with ourselves. Indecision in all aspects of life usually yields poor results and almost never feels good.

Questions: 

When do you feel most indecisive?

What’s one of the best decisions you’ve ever made?

Share this post

3 thoughts on “You Have to Trust Your Gut

  1. Wendell Good

    A long term investment which requires a substantial amount of borrowed capital is extremely difficult. there are so many unknowns and complexities. The decision to start our business took nearly a year to make. Analyzed, planned, cussed and discussed, and finally just went ahead and jumped off the bridge into the deep water. Turned out great and has returned a compounded average of about 26% annually on invested capital over a 20 year period. Could have gone either way, however, and we had some very frightening cash flow issues during the first 5 years.

     
  2. David Bradley

    The jury is still out…….
    but if you would like a list of the worst decisions I ever made, I have this very large book the size of a train car.

     

Comments are closed.