Tuesday, March 30, 2010

Sun Tzu and the Art of War

Amazing how you can find advice on trading from such ancient texts. If you haven't read the Art of War, I suggest you do. It contains great advice that can be used in multiple areas of life such as business and politics.
Section IV: Tactical Dispositions

17.) In respect of military method, we have, firstly, Measurement; secondly, Estimation of quantity; thirdly, Calculation; fourthly, Balancing of chances; fifthly, Victory.

18.) Measurement owes its existence to Earth; Estimation of quantity to Measurement; Calculation to Estimation of quantity; Balancing of chances to Calculation; and Victory to Balancing of chances.

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