On Strategy

 Jeff Bezos says about strategy in one of his talks that I paraphrase here:

Strategy should be about things that don't change with time;
For example, In 10 years, I know that Customers still want low-priced product to be delivered quickly!
I can't foresee a scenario otherwise!
Then our strategy should be based on what we know that won't change and is in our control: 

Low price and Quicker delivery!

Morgan Housel, in his seminal book, The Psychology of Money, talks about this :

in the context of personal finance: 
you can think of below strategy:

1. Have a High-savings rate
2. Patience (Shut-up and Wait!)

For example, investing money at high savings rate in a low-cost Index fund for decades on end, 

and leaving the money alone to compound is an approach for wealth creation;
No circus whatsoever!

So: Strategizing is simple: 

Look for what is not going to change and build it backward!

Authors

Jeff Bezos

Morgan Housel