What Sun Tzu Wrote:
“Hence the skillful fighter puts himself into a position which makes defeat impossible, and does not miss the moment for defeating the enemy.”
What This Means to the Modern Financial Professional:
Patience is a virtue, though one hard to exercise in the frenetic world of the FP. Sun Tzu counsels the patience to perform exceptional observation, to assess vulnerabilities, coupled with defensive posturing to disguise your own weakness. Do not always seek to create opportunity. Instead, hone your powers of observation and patiently defend your position, only to strike when an opportunity truly presents itself. Slow and steady does win the race. After all, triple tax free Municipals have done quite well over the 40 year long haul, especially when all dividends have been reinvested!