Warren Buffett compares stock trading to great athletes: They excel, not because of fast neurological responses, but because of their ability to delay as long as possible before reacting. Successful CEOs, fire fighters, and military officers all know how to manage delay to gather as much information as possible...
On a cold, miserable night in Michigan’s Upper Peninsula, a night that wouldn’t feel so unusual if it wasn’t the Fourth of July, an antique wooden boat runs full-speed into a line of old railroad pilings in the shallow waters of Waishkey Bay. When Alex McKnight helps rescue the passengers, he finds three men. The driver is out cold, the other two are dazed but conscious. When they’re all finally back on dry land and sent...