Posted by Andrew VanderPloeg
The cost of being first is higher than it's ever been...
It's entirely possible that you're racing.
Racing to the market with a new product or a news story or a decision or an innovation. The race keeps getting faster, doesn't it?
If you're racing, you better figure out what to do about the times that you don't know for sure...because more and more of your inputs are going to be tenuous, speculative and possibly wrong. Day traders have always understood this--all they do is trade on uncertainty. But you, too, if you're racing, are going to have to make decisions on less than perfect information.