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The story of the German armored units is used as a metaphor to illustrate the concept of risk and unpredictability in financial matters. Just as the tanks were rendered useless by an unforeseen factor (field mice), investments can also be affected by unpredictable events. This ties into the theme of the book, which emphasizes the importance of understanding and managing risk in financial decisions.
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These tanks were not poorly designed. Many have made the argument that German armored units were so well engineered that they were impractically expensive. But no engineer would think to plan for a 20-gram field mouse to disable a 25-ton steel machine. It wasn't the engineer's responsibility to plan for freak events like field mice. It was the commander's responsibility to plan that they may not be able to use those tanks for some reason.
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How should investors manage the inevitabilities of risk? What are the most powerful wealth-building tools that require little technical skill? How do...
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