Simple yet powerful strategy Naveen. I personally follow it and found it to be highly effective.

I also liked what Ray Dalio suggested in his book principles around using the right mental models e.g. here’s what he said about second order thinking that has stuck with me for long “Failing to consider 2nd and 3rd order consequences is the cause of a lot of painfully bad decisions, especially when the first inferior option confirms our own biases. Never seize on the first available option, no matter how good it seems”