Quotes About Strategy

The champion wins first, then walks into the arena. Everybody else walks into the arena and then tries to figure out what to do.

Mind you, you have to have women around you in order to beat them—at the very least, they need to be within arm's reach.

A traditional project manager focuses on following the plan with minimal changes, whereas an agile leader focuses on adapting successfully to inevitable changes.

In high-performance teams, "the leaders managed the principles, and the principles managed the team.

Newtonian versus quantum, predictability versus flexibility, optimization versus adaptation, efficiency versus innovation—all these dichotomies reflect a fundamentally different way of making sense about the world and how to manage effectively within it.

Know this about yourself: there is only one reason professional salespeople lose orders-- they are outsold.

All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved. —Sun Tzu

Whatever your level of leadership, use your influence to move the company from strategy-based to culture-focused.

Even if your company is experiencing good times now, the business will eventually be at risk if the leadership culture is not strong or aligned.

Seek out incremental wins. Instead of immediately revolutionizing the company, start small and crush a few things first; once you've earned trust, you will garner bigger responsibilities and influence.

Defend organizational change. Inevitable resistance can be mitigated if the change is carefully discussed, planned, embraced, communicated and ultimately defended.

Hegelian dialectic, or problem, reaction, solution. This method basically involves fabricating or intensify a problem, offering a draconian solution, then settling for a "compromise" that nevertheless furthers the intended goal.

Regardless of the methodology used, before you decide to get into the market you have to decide where (price) or when (time) or why (new information) you will no longer want the position.

Next, you must select a method of market analysis that you are going to use. Otherwise, you will jump back and forth among several methods in search of supporting evidence to justify holding onto a market position.

the decision-making process is as follows: (1) Decide what type of participant you're going to be, (2) select a method of analysis, (3) develop rules, (4) establish controls, and (5) formulate a plan.

Market positions are either profitable or unprofitable, period.

Broadly speaking, the decision-making process is as follows: (1) Decide what type of participant you're going to be, (2) select a method of analysis, (3) develop rules, (4) establish controls, and (5) formulate a plan.

Are you long because you are bullish or bullish because you are long?

One investor's two rules of investing: Never lose money. Never forget rule #1. (Warren Buffett)

It finally occurred to me that maybe studying losses was more important than searching for some Holy Grail to making money.

In betting and gambling games if you stop acting and do nothing, the losses will stop. But when investing, trading, or speculating, if you're losing and stop acting, the losses don't stop; they can continue to grow almost indefinitely.

then speculating, and therefore having a plan, is the only way to deal with the uncertainty of the future in the markets. Given this definition, for the remainder of the book Speculator (capitalized) will be used to include investors, speculators, and traders, all of whom are Speculating.

The sequence of thinking before acting is the exact definition of the word plan. Therefore, speculating and planning are the same thing. A plan allows you to speculate with a long time horizon (as an investor), a short time horizon (as a trader), or on a spread relationship (as a basis trader or hedger).

In order to be speculating, by definition you must have a plan.