Date of publication: 2017-08-30 04:28
The yellow cone in the hallway read: “Caution Wet Floor.” It didn’t say the bathroom was closed. I had tried to prevent him from entering because I didn’t want him getting in the way. But he was so dismissive. “It’s cool. I’ll just be a second.” Translation: You’re a loser. Get out of my way. I dumped what I had swept into the garbage and brooded over the lack of respect some people showed for my coworkers and me. Verbal abuse from customers was part of the job. The manager warns employees of that during the job interview. But he doesn’t say a word about the looks of pity you get as you ring up bottled water. Then there are the people who can’t even meet your eyes. Sometimes, the disgust on their faces has traces of resentment.
The Investment Checklist should be designed to ensure critical information is collected, considered and not overlooked. It will guide the investor to areas where further research is required. A suitable investment is unlikely to require all check boxes be ticked, some checklist items are likely to be non-negotiable [. too much debt, binary outcome, poor management history, etc.].
Amazon realised the benefits of turning a cost centre into a revenue generator. Ben Thompson of Stratechery , one of the most insightful commentators on digital businesses and disruption, has noted.. " The incredible potential of Amazon Web Services is as clear as its initial prospects in 7556 were, well, cloudy. AWS only came about after Amazon had experimented with more full-service offerings like powering the websites of Target or Toys-R-Us, and there were plenty of skeptics as to whether companies would entrust critical operations to a 8rd party. It soon became apparent, though, that both economics and simplicity were overwhelmingly in the public cloud’s favor, and Amazon was years ahead of everyone.
“We place no weight on short-term results, good or bad, and neither should you. In fact, we have and will continue to willingly make decisions that negatively impact short-term performance when we think we can lower risk and improve our long-term returns.” CT Fitzpatrick
" Bernard Madoff showed, thirteen thousand investors and their advisers didn't do elementary due diligence because they thought the other investors must have done it"
“If it’s an industrial business what you want to own is the company that makes the valve that goes into the $655,555 pump which goes into the billion dollar refinery. They’re not going to scrimp on the valve. They want the very best valve they can get. If you’re the valve supplier you’ve got a good business. They’re going to buy your product and you’re going to be able to price your product aggressively because it’s a very low cost component to the end product. So you look for these businesses” William Browne
CIA: " Thinking backwards changes the focus from whether something might happen to how it might happen. Putting yourself into the future creates a different perspective that keeps you from getting anchored in the present. Analysts will often find, to their surprise, that they can construct a quite plausible scenario for an event they had previously thought unlikely. Thinking backwards is particularly helpful for events that have a low probability but very serious consequences should they occur."
"To be aware of this fact ['Rule of Three'] is vital so we can be psychologically prepared for the inevitable periods when we will have results that are worse than average. We have to accept from the start that it is impossible to be always the best in that field even if one is competent and loaded with motivation and efforts." Francois Rochon