The Law of Diminishing Returns: Are We Spending Too Much for Precision?

This is such a great post – I have seen many people chase small groups through the checkbook; just like golfers who try to buy an extra 20 yards off the Tee.

The Everyday Marksman

There is a story about the late Colonel John Boyd in which he admonishes a young crowd of Air Force officers about progressing through their careers.

And you’re going to have to make a decision about which direction you want to go.” He raised his hand and pointed. “If you go that way you can be somebody. You will have to make compromises and you will have to turn your back on your friends. But you will be a member of the club and you will get promoted and you will get good assignments.” Then Boyd raised his other hand and pointed another direction. “Or you can go that way and you can do something – something for your country and for your Air Force and for yourself. If you decide you want to do something, you may not get promoted and you may not get the good assignments and…

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