I think this is excellent advice for problem solving in general.
- Imagine what you have to do to solve a problem. Now multiply it by 10(adjust by level of uncertainty) and that’s what you really have to do.
- Trying to keep things as they were is futile, be prepared for change.
- The surest way to solve a problem is to confront the roots of the problem. The disease and not the symptoms.
from pk here:
Be sure to read this too from the conclusion:
If there are lessons from the experience, several come to the surface:
1. Costs of intervention are generally larger than anticipated;
2. Interventions aimed at preserving the current institutional structure generally do not achieve the expected outcome;
3. The only sure resolution appears to come from confronting the insolvency directly and addressing its financial implications, no matter how large.