MARKET PERSPECTIVE —
Every battle is won before it is fought
-Sun Tzu
The age old wisdom of Chinese military strategist Sun Tzu rings true as we watch Russia’s invasion of Ukraine unfold. On several fronts political, military, and economic – it’s not going well for Russia. President Putin seems to have misjudged the tolerance of the international community, been deficient in planning and misjudged the chaos that the Ukrainian people would unleash. The results serve as a useful reminder of investing principles – namely that the actions we take before investing often matter most. Put another way – what are your principles and process?
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