Relying on consensus to make decisions is an abdication of leadership. The process optimizes for avoiding downsides rather than achieving excellence, leading to mediocre "6 out of 10" outcomes and preventing the outlier successes that leadership can unlock.

The best leaders act on incomplete information, understanding that 100% certainty is a myth that only exists in hindsight. The inability to decide amid ambiguity—choosing inaction—is a greater failure than making the wrong call.

Lawyers are paid to minimize legal risk. A CEO's unique role is to balance that counsel against other crucial factors like customer trust, employee morale, and future opportunities. Ceding decision-making entirely to the legal team is a failure of leadership that can lead to catastrophic, albeit less immediately visible, losses.

Under pressure, organizations tend to shut down external feedback loops for self-protection. This creates a "self-referencing" system that can't adapt. Effective leadership maintains permeable boundaries, allowing feedback to flow in and out for recalibration, which enables smarter, systems-aware decisions.

Leaders often conflate seeing a risk with understanding it. In 2020, officials saw COVID-19 but didn't understand its airborne spread. Conversely, society understands the risk of drunk driving but fails to see it most of the time. Truly managing risk requires addressing both visibility and comprehension.

If a decision has universal agreement, a leader isn't adding value because the group would have reached that conclusion anyway. True leadership is demonstrated when you make a difficult, unpopular choice that others would not, guiding the organization through necessary but painful steps.

Holding out for morally perfect leaders is naive and paralyzing. The reality of geopolitics is a "knife fight" where leaders inevitably make decisions that result in death. Progress requires working with these flawed individuals rather than disengaging over past actions.

In extreme uncertainty like a fire or nuclear incident, waiting for perfect information is impossible. Effective leaders take small, iterative actions to gather data and update their strategy in real-time. This approach of 'acting your way into knowing' is more effective than trying to know everything before acting.

Many leaders focus on having the correct analysis. However, true leadership requires understanding that being right is useless if you can't persuade and influence others. The most successful leaders shift their focus from proving their correctness to finding the most effective way to communicate and achieve their goals.