Showing posts with label Strategy. Show all posts
Showing posts with label Strategy. Show all posts

Saturday, November 13, 2010

Shame is in "Not doing anything about it"..

For decades, Jay Thiessens hid a painful secret as he built his machine and tool company from a mom-and-pop operation into a $5 million-a-year enterprise. During the day he hid behind the role of a harried businessman, too busy to review contracts or shuffle through mail. At night, his wife, Bonnie, would help him sort through the paperwork at the kitchen table, in the living room, or sometimes sitting up in bed.

Other tasks he delegated to a core group of managers at B&J Machine Tool Co. who had no idea their boss couldn't read.

"I worked for him for seven years and I had no clue," said Jack Sala, now the engineering manager for Truckee Precision, a B&J competitor. "I was his general manager. He would bring legal stuff to me and say, 'You're better at legalese than me.' I never knew I was the only one reading them."

Few people knew of his shame and most burning desire: To be able to read a simple bedtime story to his grandchildren. But he couldn't keep his illiteracy secret forever. "It became too hard to continue to hide it," said Thiessens, who has begun to read at the age of 56. "Since I made the decision to let everybody know, it's a big relief."

Sunday, October 31, 2010

Manifest your Destiny

The Sufi Poet Rumi wrote a poem almost a millennium ago, called "The Seed Market" that reflects a consciousness required to manifest abundance..

Can you find another market like this?
Where,
with your one rose
you can buy hundreds of rose gardens?
Where
For one seed
you get a whole wilderness?
For one weak breath,
the divine wind?
You have been fearful
of being absorbed in the ground,
or drawn up by the air.
Now, your waterbead lets go
and drops into the ocean,
where it came from.
It no longer has the form it had,
but it's still water.
The essence is the same.
This giving up is not a repenting.
It's a deep honoring of yourself.
When the ocean comes to you as a lover,
marry, at once, quickly,
for God's sake!
Don't postpone it!

Sunday, October 24, 2010

Oye Lucky, Lucky Oye..!!!

Why do some people have all the luck while others never get the breaks they deserve?

Why are some people always in the right place at the right time, while others consistently experience ill fortune? Research over the years reveal that although these people have almost no insight into the causes of their luck, their thoughts and behaviour are responsible for much of their good and bad fortune. Take the case of seemingly chance opportunities. Lucky people consistently encounter such opportunities, whereas unlucky people do not.

Monday, October 18, 2010

Little Knowledge would do fine, often.

Once upon a time there was a high IQ cheetah who couldn’t run at a top speed of 120 km per hour. As a result, the Thompson’s gazelles that he chose to chase easily outran him and he was never able to get hold of one. Thus, in order to survive, he was forced to catch rodents and frogs and other small animals which lived in the Serengeti.
Of course he had to do this surreptitiously because if any of the other cheetahs ever found out it would be terribly humiliating for him. “What’s the use of being the fastest land animal in the world,” he would often say to himself, “if I can’t even run down a decent high speed deer for dinner?”

Friday, February 5, 2010

AN INTELLIGENT GAMBLER.

Most people gamble at some point in their lives. For most it provides entertainment, for some it becomes an addiction, while a few become pros and make a living at it. Gambling provides a living for a very small minority and entertainment for the masses, but a casual gambler reaching for a quick buck has the same chance of success as an ice cube on a hot stove.
Some famous investors like betting on horses. They include Peter Lynch, of Magellan Fund fame, and Warren Buffett, who used to publish a newsletter on handicapping. Some card games,such as baccarat, are based on chance alone, whereas others, such as blackjack, involve a degree of skill that attracts intelligent people. Professionals treat gambling as a job. They keep calculating odds and act only when mathematics point in their favor. Losers, on the other hand, itch for the action and enter one game after another,switching between half-baked systems.
When you gamble for entertainment, follow a set of money management rules. The first rule is to limit how much you’ll risk in any given session. On a rare occasion when a friend pulls me into a casino,I put what I am willing to lose that night into my right pocket, and stuff my winnings, if any, into the left one. I stop playing as soon as my right pocket is empty, without ever reaching into the left. Once in a
while I find more money in the left pocket than I had in my right, but I certainly do not count on it.
A friend who is a successful businessman enjoys the glitter of Las Vegas. Several times a year he takes $5,000 in cash and flies there for a weekend. When his bankroll runs out, he goes for a swim in the pool,enjoys a good dinner, and flies back home. He can afford to spend $5,000 on entertainment and never blows more than his initial stake.Lounging at a pool after his cash is gone, he differs from legions of compulsive gamblers who keep charging more chips on their credit cards, waiting for their “luck” to turn. A gambler with no money management is guaranteed to bust out.(Excerpts from "Come into my Trading room"..by Dr.Alexander Elder.)