Kennedy on action

“There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.”

via.

This expands on one of Mike’s favorite sayings to use with clients: “the unaimed arrow never misses.” We use it to help clients understand another Army maxim of failing to plan is planning to fail. Of course, President Kennedy said it much more eloquently.

As junior officers, we were trained to be decisive, to take action even though analysis wasn’t completely complete — to learn when enough information was gained so that a decision was about as good as it was going to be, when the tradeoff between more investigation and delay tips in favor of DOING something.

Readers will see a reinvigorated blog over the next few weeks as we re-engage ourselves in this process of communicating with the markets. Thanks for your patience