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Herby Cohen, Thinking Gray and Decision-Making Frameworks to Uncertainty

This edition is brought to you by Gladly.ai
Good morning to all new and old readers! Here is your Wednesday edition of Faster Than Normal, exploring one short story about a person, a company, a high-performance tool, a trend I’m watching closely, and curated media to help you build businesses, wealth, and the most important asset of all: yourself.
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Today’s edition:
> Stories: Herby Cohen & Hitachi
> High-performance: Thinking Gray
> Insights: Courage to be you
> Tactical: Decision-making frameworks to uncertainty
> 1 Question: Fear creates fiction
Cheers,
Alex
P.S. Send me feedback on how we can improve. I respond to every email.
Stories of Excellence
Person: Herby Cohen
Herby Cohen, renowned negotiation expert and author, has left an indelible mark on the art of deal-making. Born in 1932, Cohen's career spans decades of advising governments, corporations, and individuals. His bestselling book "You Can Negotiate Anything" (1980) solidified his status as a leading authority in the field. Cohen's approach emphasizes the importance of understanding human behavior in negotiations. He famously said, "In business, you don't get what you deserve, you get what you negotiate." His techniques, which blend psychology with practical strategies, have been applied in high-stakes situations worldwide. Today, Cohen's legacy continues through his writings and the countless professionals he has influenced in the art of negotiation.
Key Lessons from Herb Cohen:
On preparation: "In a negotiation, knowledge is power."
On patience: "All things come to he who waits - provided he knows what he is waiting for."
On communication: "Effective negotiation is 90% listening and 10% talking."
Company: Hitachi
Hitachi was founded in 1910 by Namihei Odaira, an electrical engineer, in Ibaraki Prefecture, Japan. The company began as a repair shop for mining machinery, but quickly expanded into manufacturing electrical equipment. Odaira's vision was to develop cutting-edge technology to support Japan's rapid industrialization. By 1920, Hitachi had grown to 3,000 employees and diversified into power plants, electric motors, and transformers. The company faced near-bankruptcy during the Great Depression but rebounded by focusing on military contracts. Post-war, Hitachi shifted to consumer electronics and heavy machinery. Today, Hitachi is a global conglomerate with over 350,000 employees and annual revenue of $84.1 billion, operating in IT, energy, industry, mobility, and smart life solutions.
Key Lessons from Hitachi:
On long-term thinking: Hitachi's been around for over 110 years. That's rare. They think in decades, not quarters. You should too. Short-term gains often lead to long-term pain.
On innovation culture: Hitachi has over 100,000 patents. They invest heavily in R&D. But here's the kicker: they encourage employees to take risks and fail.
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Accelerants
High-performance tool
⎯
Thinking Gray
To avoid confirmation bias, remember to ‘think gray’ when making decisions.

That is, resist the temptation to form an opinion about a decision until you’ve heard all the relevant facts and information.
Understand the black and understand the white.
Insights
Steve Jobs on living authentically:
"Your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma— which is living with the results of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary."
Tactical reads
⎯
> When applying decision-making frameworks to uncertainty
The Ultimate Guide To The OODA Loop (How to Turn Uncertainty into Opportunity in 2019) (Read it here)
> When implementing safeguards and rapid response systems
Firebreaks and Rapid Repairs (Read it here)
1 question
Is this thing I’m worried about actually a problem, or am I looking for problems to worry about because they make me feel in control?
That’s all for today, folks. As always, please give me your feedback. Which section is your favourite? What do you want to see more or less of? Other suggestions? Please let me know.
Have a wonderful rest of week, all.
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Why Faster Than Normal? Our mission is to be a friend to the ambitious, a mentor to the becoming, and a partner to the bold. We achieve this by sharing the stories, ideas, and frameworks of the world's most prolific people and companies—and how you can apply them to build businesses, wealth, and the most important asset of all: yourself.
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