Offense or Defense?

A question, utterly out of context, that I like to ask people is: “do you prefer offense or defense?”

Here’s a quote from investor and author Morgan Housel, subtly in praise of defense.

The importance of every endeavor is its potential multiplied by the odds of it working and how long it will work for. Conservation and efficiency don’t rank high on the first part, but they’re so strong on the second two that over time their impact exceeds what’s been done in more exciting parts of the industry.

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