Take Calculated Risks | Forex Factory

  • Take Calculated Risks

    From tedlamade.substack.com

    Given today marks the 81st anniversary of Pearl Harbor and America’s entrance into World War II, many Americans will think of generals like Douglas MacArthur, Dwight Eisenhower, George Marshall, and George Patton. Few will remember Chester Nimitz. Yet, by commanding the entire Pacific Fleet from the attack on Pearl Harbor to the Japanese surrender in Tokyo Bay, Nimitz played as large a role as anyone in the Allied victory. Each Allied general was under enormous pressure, but as Craig Simon highlights in his recent book, “Nimitz at War,” the pressures facing Nimitz were unique given the timing and scope of his ... (full story)

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RossEdwards
Dec 9, 2022 5:04am
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IMHO, This is a great book for folk involved in investment decisions and are active in currency trading as a key factor in those outcomes.
But much more. In describing Nimitz management of risk, we can see a how often traders and investors with similar mindsets have prevailed.
Ive always been a big fan of this kind of approach to dealing with uncertainty, risk probability. IMHO a worthwhile Christmas read.
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thehunk19
Dec 10, 2022 4:29am
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Very nice post, I admire the Quotes!
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