TO: Al & Frank
FM: Never Wrong
I can't begin to tell you how long it took for my wife to accept that! <VBG>. Me wrong. Never! However, even though I'm NEVER wrong, I will admit that once in a while I could have made a little better decision. (LOL)
Al, Investing 101 teaches us about fear and greed. Fear of losing a little of the big gains made in an investment and waiting for it to go back up to its former price (as it continues to trend down); fear of losing more money as a stock plummets to new lows and holding it until "I get even". Greed for that extra 1/8th of point in buying or selling, and losing big bucks for the potential extra pennies. I've been there more than once (hence my admitting to possible better decision making). In the end, one hopefully learns for one's mistakes (I tried to avoid that M word) and accepts the fact that we all are emotionally governed by fear and greed. We win some, and lose some. Hopefully we win more than we lose.
Al, as you caught the wording of my reply (minus the <g>'s and <VBG>'s that were deleted in cyberspace when I edited my post), I read your anger at Nextel by your taking aim at the "big guys" that get the undeserved credit for a company's success. My personal experience as a top level supervisor in my field (education) is that we all win or lose together. Everyone contributes to the success, or lack thereof, of any organization. As a former "big guy" I would always hire people who could do a better job than I in areas that I didn't like to deal with. One doesn't like to admit to weaknesses in anything, but a smart "big guy" hires the right people to compensate, and then thanks them and rewards them for their contribution. It's unfortunate and downright stupid if a "big guy" doesn't do exactly that! I don't believe that Ackerson and Craig McCaw are either stupid or poor managers.
ok. Enough banter. Got to load my camper (in front of my NY home) for the big trip south.
Regards,
Bernie |
