More on why the big trade is usually poor strategy and a piecemeal approach should usually be preferred.
In The Prince, Niccolo Machiavelli outlined two important principles on adaptability and flexibility. The first is that through foresight and forethought, especially in planning and preparation, the effect of chance can be minimized and the effect of skill […]

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Here is a link to my latest post. The text is below. In the America’s Cup in 1983, Dennis Conner, captain of the U.S. entry Liberty, committed a fatal blunder, based on his failure to use a “follow-the-leader” strategy, leading to the first loss by America in that event. No, his blunder wasn’t supporting […]

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