mpanzi wrote:miser wrote:mpanzi wrote:Whatever the economic environment, this man is ever doing the right thing. I mean divesting in bad times & re-investing in good times.
Does he stay awake while am asleep?
Did he hear something the teacher said that I missed?
Is he more blessed?
WHATEVER IT IS, he's worth learning from!
Boss,he does nothing special!!!Ask Henry Ford....hire those who know-researchers included and pay them well!!!
But surely, if he's doing no thing special, then everyone ought to make same level of achievement in their own field?
Something about his personality, his network, and of course the hard skills I reckon. Can't be ordinary - otherwise he would not be at the helm of such a firm?
@ Mpazi @ Miser, this is what the richest man in Babylon said/did..- Follow wise mans advice
The Fourth Law of Gold
Gold slippeth away from the man who invests it in businesses or purposes with which he is not familiar or which are not approved by those skilled in its keep.
To the man who hath gold, yet is not skilled in its handling, many uses for it appear most profitable. Too often these are fraught with danger of loss, and if properly analyzed by wise men, show small possibility of profit. Therefore, the inexperienced owner of gold who trusts to his own judgment and invests it in business or purposes with which he is not familiar, too often finds his judgment imperfect, and pays with his treasure for his inexperience. Wise, indeed is he who investeth his treasures under the advice of men skilled In the ways of gold."
The Fifth Law of Gold
Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers or who trusts it to his own inexperience and romantic desires in investment.
"Fanciful propositions that thrill like adventure tales always come to the new owner of gold. These appear to endow his treasure with magic powers that will enable it to make impossible earnings. Yet heed ye the wise men for verily they know the risks that lurk behind every plan to make great wealth suddenly. "Forget not the rich men of Nineveh who would take no chance of losing their principal or tying it up in unprofitable investments.