Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
November 11, 2010
In 1930 the global headquarters of Boston-based United Shoe Machinery Corporation was an international colossus. The “Shoe,” as it was affectionately called by Bostonians, was the largest manufacturer of shoe machinery in the world. USM did business in over 50 countries and was truly an international monopoly. The headquarters dwarfed...