Hello Puja,

Sorry for my delayed response to your excellent comments and observations! Absolute decision making does require a high degree of experience and study. It is the convergence of these things, plus confidence, surrender, willingness to accept responsibility, wisdom, and ability to translate the world accurately. You are correct that many in the investment management business manage relatively and my piece is not intended as a "get out of jail free card" to make any decision whenever we feel like it. Instead, I meant to highlight the types of decisions that are made under duress where the timing is critical to the successful outcome.

Love your quote! I counsel in my book The Intuitive Investor that a good decision is often = the perfect decision. We cannot know in advance the perfect decision, so stop scrutinizing every possibility; make your decision; and then manage the consequences. Your quote says it so much more elegantly!

With smiles,

Jason