The world is full of problems. Some of these problems have clear solutions, while others do not. The ability to distinguish between these types of problems is a crucial key to success. In this article, we will discuss how to differentiate between solvable and unsolvable problems.
Recognizing Solvable Problems
Surprisingly, many problems in the world have clear solutions. Marriage, career, studies, management, investment—problems in these areas, which many people consider difficult, often have straightforward answers. The issue is that most people either don’t know these answers or, even if they do, they fail to implement them.
A solvable problem is like a math problem. If you follow the right formula, you’ll find the solution. For example, to learn successful investment strategies, you should follow proven methodologies. The strategies proposed by world-renowned investors are ‘solutions’ in themselves. The challenge lies in developing the discernment to identify these solutions and the resolve to implement them.
Dealing with Unsolvable Problems
On the other hand, there are many problems without clear solutions. These are problems where all options may be suboptimal or where outcomes are hard to predict. For instance, weather forecasting is a problem no one can solve with absolute accuracy. In such cases, it is crucial to make bold decisions and remain flexible in adapting to the outcomes.
Wisdom in Distinguishing Between Solvable and Unsolvable Problems
The most challenging task is discerning whether a problem is solvable or unsolvable. This requires knowledge and experience, which you can gain by reading extensively and engaging in diverse experiences. Reading management classics by thinkers like Peter Drucker and Andy Grove can provide solutions to many problems.
Why are classics hard to read? They are often tedious, and applying their lessons takes time. However, these classics contain many answers. Through them, we can develop the insight to distinguish between solvable and unsolvable problems.
The same applies to investment and management. To find solvable problems, you need to read the classics. Reading books recommended by the world’s top investors and following their strategies is a way to find solutions to problems that have clear answers.
Conclusion
The ability to distinguish between solvable and unsolvable problems is a crucial key to success. For problems with clear solutions, follow the answers, and for those without, make quick decisions and remain adaptable. To cultivate this discernment, you must read the classics and accumulate diverse experiences.