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Speculation is an effort, probably unsuccessful, to turn a little money into a lot. Investment is an effort, which should be successful, to prevent a lot of money from becoming a little. ↗
#investing #investment #speculation #stocks #where-are-the-customer-s-yachts
Now, come over here so I can pat you down." "But you don't have-" Percy stopped. "Uh, sure." He stood next to the armless statue. Terminus conducted a rigorous mental pat down. "You seem to be clean," Terminus decided. "Do you have anything to declare?" "Yes," Percy said. "I declare that this is stupid. ↗
We can believe that we know where the world should go. But unless we're in touch with our customers, our model of the world can diverge from reality. There's no substitute for innovation, of course, but innovation is no substitute for being in touch, either. ↗
Admitting the force of these contentions, nevertheless, the custom of meeting together in public assembly for the consideration of the most serious, the most exalted topics of human interest is too vitally precious to be lost. ↗
The best plan now is to have as many bosses as possible. I call it boss diversity. If you work for a company and you have one boss and that boss doesn't like you or wants to get rid of you, you're in trouble. But if you work for yourself, you have lots of bosses, who are your customers, and if a few of them decide they don't like you, that's okay. ↗