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The Yellow Pad

Making Better Decisions in an Uncertain World

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The Yellow Pad

By: Robert E. Rubin
Narrated by: Fred Melamed, Robert E. Rubin
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About this listen

Robert Rubin, former secretary of the Treasury and co-chairman of Goldman Sachs, shares thoughts on decision-making developed over more than six decades in markets, business, government, and politics, and offers listeners an astute and original guide for navigating uncertain times

In 1958, as a college sophomore, Robert Rubin took a class that changed his life. The class was introduction to philosophy, and the professor, Raphael Demos, instilled in his students an idea that was simple yet profound: There is no such thing as certainty. For Rubin, this led to a critically important question: How can we make sound decisions in a fundamentally uncertain world?

While serving in some of the most significant roles in markets, business, and government, Rubin has grappled with that question. Time and again, when faced with a high-stakes decision, he turned to his most trusted tool: a simple yellow legal pad. Rubin’s yellow pad (or more recently, his iPad) became an expression of a larger decision-making philosophy that has both lasted and shaped a lifetime. In The Yellow Pad, Rubin lays out that philosophy with depth and detail, and presents a compelling intellectual framework for confronting some of the most difficult issues we face today.

The Yellow Pad contains a former Treasury secretary’s approach to economic policymaking. A former Goldman Sachs senior partner’s approach to personal investing and understanding risk. A former director of the National Economic Council’s approach to managing people in both private- and public-sector organizations. And much more. Yet despite his lifetime of experiences, Rubin remains refreshingly open-minded, interested in exploring ideas rather than promoting ideologies. With its combination of wisdom and relevance, The Yellow Pad is an essential guide for anyone looking to make better decisions in life, work, and public policy.

©2023 Robert E. Rubin (P)2023 Penguin Audio
Decision-Making & Problem Solving Political Science Politicians Career Business

Critic Reviews

“As Secretary of the Treasury in the last decade of the 20th century, Robert Rubin presided over what we can now see as an unusually prosperous and stable era in American life. Now, drawing on his years in government and in the private sector, Rubin offers us an astute, valuable, and illuminating guide to decision-making and, in a sense, to life itself in an uncertain world."—Jon Meacham, author of And There Was Light: Abraham Lincoln and the American Struggle

“Robert Rubin’s exuberant praise for a classics professor who taught him how to think about thinking in a world of uncertainty is a powerful reminder of the importance of studying humanities. This engaging, eloquent, and accessible work provides an invaluable guide not only for decision makers in government and business but for all of us in our daily lives.”—Doris Kearns Goodwin, author of Leadership: In Turbulent Times

“In The Yellow Pad, Bob Rubin makes the compelling case for pragmatism over emotion and ideology, and offers practical advice for everyone who has to make difficult decisions in a complicated world.”—Anne Applebaum, author of Twilight of Democracy: The Seductive Lure of Authoritarianism

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A good leadership book

This is a book about general leadership more than thinking in terms of probabilities and expected values. For people who are already trained to consider risks and outcomes in such quantitative manner, the learning is more from the general leadership matters that the book also devoted a good portion in.

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