Elon Musk was asked by an interviewer what he does when he makes a wrong decision.
He said he doesn't make decisions based on being right. He makes decisions based on expected value. Which means he expects to be wrong frequently. He said if you're not wrong at least 30% of the time you're not making enough decisions.
He described SpaceX's approach to rocket design. Instead of spending years perfecting a design on paper and then building it, they build it fast, launch it, watch it explode, and use the explosion as data for the next version. The explosions aren't failures. They're the fastest way to generate the information needed for success.
He said most companies fail not because they make bad decisions but because they make too few decisions. They spend so long trying to be right that the opportunity passes. A wrong decision made quickly generates data. A delayed decision generates nothing.
Then he said the part that made the interviewer go quiet. He said the biggest mistakes of his career weren't the times he was wrong. They were the times he was right but too slow. The times he knew the answer and waited for more confirmation before acting. The delay cost more than any wrong answer ever did.
The world sees Elon as a risk taker. He sees himself as someone who moves fast enough that the cost of being wrong is always lower than the cost of being slow. That's not the same thing as courage. It's math.
I stumbled on this VIDEO of the House of Reps Committee on the Capital Market interrogating Mrs Dame Atunma Oteh, the then Director-General of the Nigerian Securities and Exchange Commission (SEC).
It refreshed my memory of how Nigeria’s criminal political class conspires to bring down competent and upright office holders who fail or refuse to do their bidding.
In 2012, Mrs Arunma was summoned by the House Committee for refusing to pay a bribe of N5 million to the Committee Chairman, Herman Hembe, to fund a public hearing. The Committee proceeded to recommend her removal, accusing her of mismanaging agency funds.
They further connived with some Board members and senior staff of the SEC to pressure the Presidency to bend to their demand to send Mrs Arunma on compulsory leave and audit her activities as the SEC Director-General, particularly the “Project 50” event held in December 2011.
Expectedly, the probe validated Mrs Arunma’s integrity and commitment to national interest, and brought shame to the House Committee. It took the insistence of Dr Ngozi Okonjo-Iweala and the approval of President Jonathan for her to be reinstated.
After her office expired in 2015, Mrs Arunma got immediate international engagements, from people who genuinely valued her worth. Nigeria lost her and her wealth of knowledge and experience.
Currently, she holds three standout international posts, amongst many. One, as an Executive in Residence at the Saïd Business School, University of Oxford. Two, an Academic Scholar at St. Antony’s College, Oxford. Three, the Chairperson of the Royal African Society.
This is a reminder of how corrupt politicians in Nigeria conspire to frustrate and chase away competent and honourable public and civil servants who refuse to bend to their criminal will and interest.✍️
THE COBRA EFFECT 🐍
During the British Raj, officials grew concerned about the rising number of venomous cobras in Delhi. To tackle the issue, they introduced a bounty for every dead snake.
At first, the policy seemed successful, many cobras were killed.
This is Davido’s grandmother, Mrs. Nnenna Esther Adeleke (née Akpara), the first and only woman in Nigeria currently to have given birth to two elected state governors.
One woman, two sons who became governors, another son who became a billionaire businessman, and a grandson who became one of Africa’s biggest music stars.
She gave birth to Isiaka Adetunji Adeleke, the first elected civilian Governor of Osun State, and Ademola Adeleke, the current Governor of Osun State.
She was also the mother of Adedeji Adeleke, billionaire businessman, founder of Adeleke University, and father of Afrobeats superstar Davido.
Mrs. Nnenna Esther Adeleke hailed from Akwete Ndoki in Ukwa East Local Government Area of Abia State. She married Senator Ayoola Adeleke from Ede, Osun State, a union that crossed ethnic and regional lines.
Her family home in Akwete is still known as "The Adeleke House," located behind the historic Akwete Cathedral Anglican Church.
The Adeleke family continues to maintain strong ties with Akwete, offering scholarships to indigenes to study at Adeleke University and providing community support, especially during festive periods.
From Akwete in Abia State to Ede in Osun State, her legacy continues to inspire.
What a remarkable family!💕🇳🇬
I don't think Peter Obi is a real Human Being.
But if they check and he is, then he definitely is not a Nigerian.
His father has questions to answer.
1. Peter Obi rejected #700m monthly pension as Ex Governor.
2. Peter Obi rejected lands given to Ex Governors as part of their entitlements.
3. Peter Obi rejected #500m House & Furniture Allowance as Chairman of Security & Exchange Commission, SEC, Abuja 2015.
4. Peter Obi rejected $1m dollars as prize money for being the First & Best Governor to achieve the 2020 Millennium Development Goals, MDGs.
5. Peter Obi rejected the offer of an Oil Well, one of the reasons Nigerian Politicians k!ll to attain Abuja Status.
6. Peter Obi rejected the allocation of millions of naira for the set up of office of the First Lady. Insisting that his wife was not an elected official.
7. Peter Obi rejected the proposal to share the State annual budget on percentage with the State House of Assembly leading to his first unlawful impeachment.
8. Peter Obi handed over about #75bn in cash & assets after 8yrs as Governor, rejecting to convert it to personal use like other Governors did.
This man has conquered man's most natural, intense & vicious appetite...Greed.
I want someone to prove just one of these statements to be false.
Peter Obi is the Man
We are all OK
Listen to this young man explain the difference between a poor country and a rich country.
It was Peter Obi who first explained the concept of capital formation to me in a way that made it easy to understand.
As governor, he applied a similar approach by emphasizing savings and prudent investment
The purveyors of poverty and corruption muddled everything to look like saving was a terrible decision and investing in bond markets was a taboo.
This young man explained in details again!
“There were times I thought God had showed me something but He wasn’t”.
“There were prophecies I gave that weren’t accurate and weren’t from God. And for that, I wish that people will forgive me as I’m only human”
-Benny Hinn.
A leading father of the prosperity gospel.