You waste years by not being able to waste hours

michael lewis undoing project

The secret to doing good research is always to be a little underemployed. You waste years by not being able to waste hours. 

~ Amos Tversky

Michael Lewis, author of such books as Moneyball, Liar’s Poker, The Big Short and more, wrote “The Undoing Project” about the friendship of Amos Tversky and Daniel Kahnemann, two academics of massive influence to the field of Behavioural Economics.

In his book David and Goliath, Malcolm Gladwell talked of the Tversky Intelligence Test, a joke among academics about the intelligence of Tversky. The test?: “The faster you realized Tversky was smarter than you, the smarter you were”.

So, with all of that intelligence, I love this quote, one of a series of thoughts noted by Michael Lewis in his book that Tversky kept to hand as reminders to himself.

As I wrote yesterday referencing Warren Buffett, “Busy is the new stupid“.

As I often advise clients who are CEOs, Business Owners etc: “the less you do, the more valuable you are to your business”.

Do Less. Create Space. Pause. All themes I’ve written about here in past posts.

Don’t take my word for it that this is of value to leaders, listen to Amos Tversky and Warren Buffett.


Also published on Medium.