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.
June 16, 2015
To recall a lunch from 37 years ago, it has to have had an emotional impact. This one certainly did. I remember feeling somewhat despondent as the lunch began. The guest speaker was the Chief Financial Officer of Toys R Us. At that time, the toy retailing industry was an eight billion dollar business. Toys R Us with $250...