By Eric Peters, CIO of One River Asset Management
FAFO
Every consequential achievement in life requires that you really go for it. Take the leap. No risk, no reward, no guaranties. But for every leap you make, you’re certain to endure the consequences. That’s pretty much the point of FAFO (F-around and find out). Prime Minister Tojo FAFO’d, when he ordered the Pearl Harbor attack, but it took a few years to really find out. Having leaders with poor judgement is often devastating. And the opposite is also true. George Washington FAFO’d, and we ended up with the USA. Abe Lincoln did too and ended slavery.
