When is the right time to trust your gut instincts? Is intuition an 'accurate' decision-maker?

An old boss once said to me " You have good instincts, you trust your gut and you're usually on the right track". I took this as a compliment at the time and still do, but how far would this get me in business, or life even.

Take gut instinct, experience, information gleaned and anything else. How do these rate in terms of making strategic decisions?

I recently read an article from a few years back on this subject and it caught my imagination. Any thoughts on the subject would be most welcome.

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