Pursue and Leverage Inflection Points
An inflection point is a dramatic and decisive shift in your relationship with the market for better or worse. It can be positive, increasing your success, or negative, as you fall out of favor. Masterful leaders anticipate inflection points and use them to their advantage, like using a wave's energy to carry them to a new and better position or preparing for a setback in conditions to minimize damage to their position. Because an inflection point springs from your relationship to the market, the change it brings comes about one of three ways: (1) you move in relation to the market, (2) the market moves in relation to you, or (3) you move in relation to each other.
Most inflection points fall in ...