When large countries go to war against countries that are many times smaller than them, it seems obvious that the larger nation would almost always win -- but that's not the case.
According to a study cited in Malcolm Gladwell's latest book David and Goliath, throughout all of the wars fought over the last 200 years, the weaker country has prevailed in nearly 30% of the conflicts. And if the weaker country chose to fight an unconventional war, its success rate shot up to 63.6%.
For the individual investor who thinks he's at a disadvantage to hedge funds and other institutional investors on Wall Street, this is an apt and powerful metaphor. And if you believe some of the world's most successful investors, there's truth to it as well.(more)
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