Classic decision making dilemma: do you get more data or make a decision now based on what you know.
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When failure is expensive, plan carefully. When failure is cheap, act quickly.
There's an amusing case to be made for the reverse. Or, at least, acting quickly when failure is expensive, _provided_ action can be reversed. (The point being: you often learn more from an action+reflection cycle than you do from planning.)
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Agree. We're saying the same thing, but just mixing definitions. If a failure is (easily) reversible, then it's not costly. If a failure is irreversible (e.g. portfolio goes to zero; death of company or individual), then acting quickly to get feedback is potentially fatal.
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