Measuring and managing the right things.

When I was in college as an economics major, I wrote my thesis about how what we measure controls the decisions that we make. I explored, for example, countries focusing on GDP versus those countries that have a happiness index.

In the same way that we manage what we measure, we make different decisions based on what we are trying to maximize. When I meet with couples in a long-term relationship who are not married, I view it from an estate planning perspective. I may have a different recommendation or set of considerations than their accountant is going to have or someone else who has gone through horrible divorces.

When you make your decisions, what lens are you looking through? Are you maximizing the right things? Or perhaps do you need to step back and evaluate what you are making decisions based on and why?

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.