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#342 The Lessons of History (Will & Ariel Durant)

Founders

NOTE

Leverage Caution Breeds Strategic Opportunity

Maintaining high liquidity and cash reserves, even at the cost of slightly lower returns, provides a strategic advantage during times of financial turmoil. This cautious approach allows for decisive action when others are panicking, creating opportunities for significant investments. Historical insights suggest that true leadership and success lie with those who can manage people and money effectively, exemplifying that adaptability and preparedness are essential in navigating economic challenges.

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