Nice passage I just came across going through various trading books this weekend. The following quote is from Dean Lundell: “Sun Tzu’s Art Of War For Traders And Investors”. It is an important reminder to pay attention when to deploy capital, when to be aggressive and when it is best to do nothing. Enjoy.
Sun Tzu finishes this lesson by reminding us to act only when it is to our benefit. A kingdom once destroyed cannot be brought back, nor can the dead be restored to life. This is the way to keep a country at peace and an army intact.
It is often said that the business of a trader is to stay in business. If you are frivolous in your methods, your equity will soon be gone and you will be out of business. So act when you see an opportunity and be content to stand aside when you do not.
Want more Sun Tzu wisdom? Go read Sun Tzu’s Principles.
An investment in knowledge always pays the best interest. – Benjamin Franklin