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 08, 2018
When I was young, I thought a business would last forever. After all, J.C. Penny still exists and it’s a 114 years old. But I was to learn, in 1973, why the saying, “Technology is a business that eats its young” was so true. My understanding began with the initial public offering of Prime Computer. It had a great business, but one that was...