Thursday, September 3, 2020

What are your plans?

Your plans are only as good as your assumptions. But that doesn’t mean that you do not plan. Working without a plan is irresponsible. Sure, things change. If you assume wrongly, you will be punished for it by the market. But that’s where the lesson is. 

Write it down. It doesn’t have to be very long and comprehensive. It does need to be written. We are fanatical about writing things down. As your plans are your assumptions, so be aware of this fact and be flexible enough to let certain assumptions go when necessary. 

What are you assuming?

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