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.
March 09, 2011
Imagine building a house knowing that if you wanted electricity, you would also have to build your own electrical power plant! The amount of additional knowledge you would need is … unfathomable. The additional expense would be … incomprehensible. But that is what corporations have been doing for decades in their migration to new technology...