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A Book of Five Rings by Miyamoto Musashi

A Book of Five Rings (or Go Rin No Sho) was written by the samurai legend, Miyamoto Musashi, in 1645. I read this text several years ago and while the central theme is ‘strategy’, the lessons that left a lasting impression concerned ‘true understanding’ and the importance of practice; of practising one’s arts, one’s discipline, one’s techniques. Practising until third nature becomes second nature, becomes first nature. In this age, when knowledge is plentiful and experience lacking, I believe there is much to be learned from Musashi’s wisdom:

The Kendo student practises furiously, thousands of cuts morning and night, learning fierce techniques of horrible war, until eventually sword becomes “no sword”, intention becomes “no intention”, a spontaneous knowledge of every situation. The first elementary teaching becomes the highest knowledge, and the master still continues to practise this simple training, his everyday prayer.

Study this book; read a word then ponder on it.  If you interpret the meaning loosely you will mistake the Way.

If you merely read this book you will not reach the Way of strategy.  Absorb the things written in this book.  Do not just read, memorise or imitate, but so that you realise the principle from within your own heart, study hard to absorb these things in to your body.

“To know the times” means to know the enemy’s disposition in battle.  Is it flourishing or waning? By observing the spirit of the enemy’s men and getting the best position, you can work out the enemy’s disposition and move your men accordingly.  You can win through the principle of strategy, fighting from a position of advantage.

…the way to understand is through experience.

You must bear this in mind.

Practise this well.

You must research this well.

You must appreciate this.

You must train constantly.

You must consider all this carefully.

Study this well.

You must train hard to understand it.

With detailed practice you should be able to understand it.

If you train well enough you will be able to strike accordingly.

You must train repetitively.

Learn this well.

Life and Trading Lessons from Hemingway

As I work on brushing up writing skills for a potential book on my journey as a caregiver to my wife for 30+ months, I happened across a collection of advice for writers Hemingway sprinkled through his correspondence with colleagues over the years. Wisdom for the ages?

Life lesson:

“Listen now. When people talk listen completely. Don’t be thinking what you are going to say. Most people never listen. Nor do they observe. You should be able to go in to a room and when you come out know everything that you saw there and not only that. If that room gave you any feeling you should know exactly what it was that gave you that feeling. Try that for practice. When you’re in town stand outside the theatre and see how the people differ in the way they get out of taxis or motor cars. There are a thousand ways to practice. And always think of other people.”

And for traders as well as writers:

“Dostoevsky was made by being sent to Siberia. Writers are forged in injustice as a sword is forged.”

It makes me think of all the injustices bestowed upon newer traders; complexity, bad prices, one’s own emotional state, the non-obvious inner circle game– the list is endless.

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