The relationship between these steps is often circular. While interpreting information, you may recognize that you need more of it. While revising your strategy, you may see that you have misunderstood some of the information. While implementing the new strategy, you may realize that it’s wrong and repeat the whole process https://www.casinosenligneca.com/revues/leovegas/.

This chapter will deal with only the thinking parts, steps 1–3. Step 4 involves acting decisively, which will be covered in chapter 22, “Winners Adjust Effectively to Changes.”

A feedback loop has three important characteristics.

1. Sensitivity is the ability to detect small deviations. Smaller is better.

2. Speed is the amount of time needed for all four steps. Faster is better.

3. Reliability is the frequency of errors. Fewer errors are better.

Feedback loops are part 3’s final subject because you can’t use them properly without applying the other chapters’ principles. You should:

· Be brutally realistic: if denial, prejudices, inability to admit mistakes, or anything else severely distorts your thinking, nothing else matters.

· Think logically so that you can identify where and how your thinking is wrong.

· Prepare thoroughly by deciding which information you need and how you will get it.

· Concentrate and probe to get more information.