When you are under the
strike by a rattlesnake, the smart money says be very quiet, be motionless, and
otherwise not even blink, lest the snake will strike. The alternative money
says pull your revolver and shoot the snake.
But is there time to shoot? You
are at extreme risk. Yet, you don’t know
what it will do.
What is your
assessment? You are smart, you are
practical, and you can see both solutions as viable.
The answer is subtle,
and not to be found in textbooks or at the knee of a learned guru. The answer is measured in fractions of a second,
and with an intuition of what is best – at the instant of danger.
This is the issue with
trade disputes and tariffs. What to
do? The smart solution is to lay low, be
quiet, and trust on a favorable outcome. The alternative is to take charge, apply the
tariffs, and destroy the risk before near certain strike. So we have...
A. Play it safe and hope against risk?
B. Destroy the risk at peril?
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