Money and Finance
- How I Pick Problems: A Checklist To Qualify & Disqualify Ideas - By Miguel Barbosa
A very big thanks to Miguel for sharing this checklist on his site! I encourage everyone to read it and, if you have any, give feedback to Miguel on the list. As many of you know I’m very interested in problem solving and tinkering–below is a checklist...
- Bill Gates: Can A Simple, Safe Childbirth Checklist Save Lives In Developing Countries?
I had the privilege recently of meeting Atul Gawande, a brilliant physician who’s using an amazingly simple concept—checklists for medical practitioners—to save lives and reduce health care costs. With support from our foundation, Gawande is investigating...
- The Manual Of Ideas: Jacob Wolinsky's Interview With Guy Spier
I can, however, talk a little bit about creating the checklist and provide some examples. The process of creating a checklist is very simple and works the same way the Federal Aviation Administration does it. You look for mistakes — yours, mine, Warren...
- Buffett’s Lunch Date, Surgeons Improve Results With Checklists
The first checklists in aviation went into use four generations ago, but their potential to prevent errors and save lives is only now beginning to be appreciated among other professions, such as finance. Gawande tells the story of Mohnish Pabrai, an investment...
- Malcolm Gladwell Reviews Atul Gawande's Latest Book: The Checklist Manifesto
I can't wait to read this book! As Charlie Munger says: "Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure...
Money and Finance
How I learnt the power of checklists – By John Kay
Found via Abnormal Returns.
Mr Gawande discovered that the good checklist is short but not too short. If the list is long, none of the items on it are taken very seriously. You can easily persuade people to agree to things when you ask them to mechanically click or tick their way through a list of questions. Consider the lack of attention you give to the many privacy questions asked by websitesor questions on an immigration form. It turns out you can easily persuade people to declare their involvement in genocide or intention to subvert the constitution of the US by inserting the relevant question in a long list of immigration queries, all of which expect the answer yes.
So the good checklist is selective – it doesn’t cover mistakes that are rarely made; no one goes on holiday without their suitcase. Or mistakes that don’t matter – toothpaste is available almost everywhere.
Flying – and surgery – lend themselves to checklists because there is a large element of routine, and because the consequences of an elementary error can be devastating. The first factor makes it possible to compile a useful list, the second encourages people to use it.
But Mr Gawande’s most important discovery was that the power of the checklist came from a less obvious source. The list empowers members of a team to monitor each other. Adherence to the list allows the nurse to correct the surgeon, the co-pilot to review the captain.
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Related book: The Checklist Manifesto: How to Get Things Right
Related previous posts:
THE CHECKLIST - by Atul Gawande
‘Airline pilot’ protocols in finance - By Atul Gawande
- How I Pick Problems: A Checklist To Qualify & Disqualify Ideas - By Miguel Barbosa
A very big thanks to Miguel for sharing this checklist on his site! I encourage everyone to read it and, if you have any, give feedback to Miguel on the list. As many of you know I’m very interested in problem solving and tinkering–below is a checklist...
- Bill Gates: Can A Simple, Safe Childbirth Checklist Save Lives In Developing Countries?
I had the privilege recently of meeting Atul Gawande, a brilliant physician who’s using an amazingly simple concept—checklists for medical practitioners—to save lives and reduce health care costs. With support from our foundation, Gawande is investigating...
- The Manual Of Ideas: Jacob Wolinsky's Interview With Guy Spier
I can, however, talk a little bit about creating the checklist and provide some examples. The process of creating a checklist is very simple and works the same way the Federal Aviation Administration does it. You look for mistakes — yours, mine, Warren...
- Buffett’s Lunch Date, Surgeons Improve Results With Checklists
The first checklists in aviation went into use four generations ago, but their potential to prevent errors and save lives is only now beginning to be appreciated among other professions, such as finance. Gawande tells the story of Mohnish Pabrai, an investment...
- Malcolm Gladwell Reviews Atul Gawande's Latest Book: The Checklist Manifesto
I can't wait to read this book! As Charlie Munger says: "Checklist routines avoid a lot of errors. You should have all this elementary [worldly] wisdom and then you should go through a mental checklist in order to use it. There is no other procedure...