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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (69198)	2/15/2001 11:39:12 PM
From: OWN STOCK	Read Replies (2) \| Respond to of 99985

Some engineers are comfortable studying a problem, and believe they are making progress. In reality they never do anything of note in their entire careers. Great engineers (nay great people) do massive and very risky things. All at once. Pyramids, Panama Canals, Golden Gate Bridges, Moon Landings, Emancipations, Declarations...hardly "technicians" I would say. It takes vision and deep technical (political) expertise to do these kinds of things. Incrementalism kills big projects. Concurrent engineering was "invented" by great engineers who realized that if they had to go at a problem step by cautious step, they would never get there. Things that take too long get out of control. Noise creeps up. You never finish. Time and the wait-for-perfection-mentality kills. Find a simple handle on the problem and apply it fast and strong until you see the desired effect. By watching the effect, you learn how to use the tool. You can't steer an oil tanker with a popsicle stick, no matter how hard you try...in fact, if you tried it, you would conclude it can't be steered at all... It might be easy to call Penicillin a "medicine of limited utility" if you prescribed it holistically...diluted to the point of uselessness. Same with wimpy 500 basis point interest and tax rate adjustments in this situation. If the economy was on a stable upward course, then it might be appropriate. QED -Own