This reminds me of NASA's philosophy of risk mitigation.

s, pause, take your time and …ply add keep good records. One of my first bosses on a trading desk drilled this expression into us “plan your trade then trade your plan” In other words, pause, take your time and figure out what you’re going to do. Write it down. Then d…
Investing: is a trader fearless because he has a million dollars in the bank?
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Dave Coker
Opher Ganel
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Apr 14, 2024
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This reminds me of NASA's philosophy of risk mitigation. There, the mantra is "Test as you fly. Fly as you test."
Add to that the engineering adage that you should consider the likelihood of failure of anything you haven't verified (by test or other means) as being ~95%.
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Written by Opher Ganel6.2K Followers
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Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.
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