Momentum Quotes
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The proverb dates from the Samurai era of Japan where the Samurai in battle wore metal and leather protective helmets. These were secured to their heads by a tight helmet chord. Many societies, after a war and desiring peace would reduce the spending for the military, eliminate conscription, and weapons production. The result often was a more attractive target for enemies wanting land or revenge. Thus, the proverb warns that immediately after a victory, prepare for the next battle and do not let your guard down.
Many have extrapolated this physical notion to diplomatic, military, and political affairs.