Arun Kumar

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The Sixth Axiom urges you to preserve your mobility. It warns against the many things that can get you rooted, to the detriment of your speculative career: sentiments like loyalty, hang-ups like the wish to wait around for a payoff. It says you must stay footloose, ready to jump away from trouble or seize opportunities quickly. This doesn’t mean you have to bounce from one speculation to another like a ping-pong ball. All your moves should be made only after careful assessment of the odds for and against, and no move should be made for trivial reasons. But when a venture is clearly souring, or ...more
The Zurich Axioms: The rules of risk and reward used by generations of Swiss bankers
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