Simplifying is a mindset. Simplifying is a skill. There is a Spanish idiom that says "drowning in a glass of water" to refer to people that get overwhelmed by ordinary circumstances. We often find people trying to get as much information as possible before making a decision. Or also that focus on irrelevant details or overlook the obvious. They have analysis paralysis. Too much information includes misinformation or information that it's not doing to predict or explain the future.
Also, some people have the ability to deconstruct, break down problems into its components, and make things easier and simpler—people who know that not deciding has a cost.
We are living in an increasingly complex world. If you want to thrive, you need to keep things simple. More information doesn't equal more knowledge or better decisions.
Former Secretary of State Colin Powell has a particular approach to making tough decisions. He called it the 40/70 rule. He says that every time you face a tough decision, you should have at least forty percent and at most seventy percent of the information you need to make the decision.
In Seeking Wisdom from Darwin to Munger by Peter Bevelin, in one of his Guidelines to Better Thinking, he discusses Simplification as one of the twelve tools that provide the foundation for rational thinking and help us make better decisions.
Former General Electric CEO Jack Welch said: "You can't believe how hard it is for people to be simple, how much they fear being simple. They worry that if they're simple, people will think they're simple-minded. In reality, of course, it's just the reverse. Clear tough-minded people are the most simple."
Warren Buffett agrees: "We haven't succeeded because we have some great, complicated systems of magic formulas we apply or anything of the sort. What we have is just simplicity itself." Charles Mungers adds: "If something is too hard, we move on to something else. What could be more simple than that?"
Simplifying is a skill, and you decide to work on it.