What Sun Tzu Wrote:
“Now, when your weapons are dulled, your ardor damped, your strength exhausted and your treasure spent, other chieftains will spring up to take advantage of your extremity. Then no man, however wise, will be able to avert the consequences that must ensue.”
What This Means to the Modern Financial Professional:
This section deals with the economics of waging war. For the FP, it is essential to always effectively assess the financial and emotional costs of all endeavors. Intention and aspiration are not enough. The FP needs to combine vision with practicality to achieve success. Be practical, be pragmatic. You need to develop systems for tracking personal inventory. In my practice, I have found that psychologically, the stronger your grip is on your limitations, the greater your potential to exceed them. FPs are constantly confronted and challenged with assessing their skill sets. Expanding one’s skill sets engenders a much greater sense of self and one’s value. Read, study, take courses, chat with colleagues, attend seminars. Sharpening and refining one’s skill sets never stops. And it gets better over time. We can constantly grow, and hone our crafts.