Planning is everything - Especially for investing

 “Plans are worthless, but planning is everything.” 

"The reason it is so important to plan is to keep yourselves steeped in the character of the problem that you may one day be called upon to solve.”

-speech to the Army War College by Dwight Eisenhower 

Of course, we cannot forget the classic comment on planning from Mike Tyson, "Everyone has a plan until they get punch in the nose."  The point is clear. Plans can go wrong, but planning is always right. Work through all the scenarios. Deal with contingencies. Plan for possibilities. Many events may never occur, but learning to think about could be will prepare you for what will be.