Jul

20

"Intelligence in War" by John Keegan is absolute solid gold. The main lesson is that history demonstrates that superior intel does not, by itself, translate to increased chances of victory — even when the intel confers a significant advantage. Rather, tactical considerations remain the decisive factor. As a parallel to the market, it's not enough to merely find an edge through analysis, it is how that edge is parlayed via execution, heeding market conditions, etc. The book is a series of case studies beginning with Nelson at the Nile, through to conflicts in WW2 and beyond. Most every paragraph yields many useful parallels and insights; Keegan also neatly summarises and applies his conclusions.


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