I am a fan of history and if you dabble in military history for long enough you may come across a quote attributed to General Omar Bradley: “Amateurs talk strategy, professionals talk logistics”.
First time I hear the term logistics for asset management. Very interesting! Please can you share a couple of examples about what tasks are related to logistics which support a given SAA? I need some help understanding better the subject.
The term logistics os more like a metaphor. What I mean are techniques that help you not run out of money, like stop losses or ways to frame your investments so you are not scared when they do something different than expected. Or ring fencing your play money from your long-term investments in a separate portfolio so you don’t change your strategy to save your play money. The possibilities are many.
Best insight in a while, though all your thoughts are welcome !
“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.” 孙子
First time I hear the term logistics for asset management. Very interesting! Please can you share a couple of examples about what tasks are related to logistics which support a given SAA? I need some help understanding better the subject.
The term logistics os more like a metaphor. What I mean are techniques that help you not run out of money, like stop losses or ways to frame your investments so you are not scared when they do something different than expected. Or ring fencing your play money from your long-term investments in a separate portfolio so you don’t change your strategy to save your play money. The possibilities are many.
Thank for the reply! Now I got a better understanding