Steady State Principle
The Steady State Principle is an idea that says the best possible state to be in is a state of steadily growing wealth over time where that state is affected as little as possible by conditions external to our control. Here, we are relatively unconcerned with economic changes which could introduce undue risk into our Intrinsic Value Store plus we have ready access to enough capital to do what we want to do without affecting overall growth of money.
Whether you are young and just starting or you are a successful company, it’s a very good situation when you are working toward and achieving the most efficient and steady state, one based upon confidence and security.
Minimization of the financial losses occurring unknowingly and unnecessarily will prove just as important to your Intrinsic Value Store as will the maximization of financial gains. You are free to combine the techniques of opportunity cost minimization and opportunity benefit realization in a steady and controlled way to achieve the best overall results.