Masterly Inactivity Versus Micromanaging
Cautionary Tales with Tim Harford
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The Power of Masterly Inactivity
This chapter delves into 'masterly inactivity' as described by Sir John Lawrence in relation to British policy in Afghanistan, juxtaposing it with criticisms of excessive caution. It also examines how strategic inaction can lead to more favorable outcomes, both in historical contexts and practical scenarios like investment practices.
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